SOC vs. MLTX

Last updated Jun 9, 2026

SOC (Sable Offshore Corp) and MLTX (MoonLake Immunotherapeutics) are both stocks. SOC operates in Oil & Gas Drilling (Energy), while MLTX operates in Biotechnology (Healthcare). Over the past year, SOC returned -46.45% vs -61.60% for MLTX. At a 0.02 correlation, their price movements are largely independent.

Performance

SOC vs. MLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sable Offshore Corp (SOC) and MoonLake Immunotherapeutics (MLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOC achieves a 45.45% return, which is significantly higher than MLTX's 36.57% return.

SOC

• 1D: 7.10%
• 1M: 2.10%
• YTD: 45.45%
• 6M: 133.87%
• 1Y: -46.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLTX

• 1D: 0.56%
• 1M: 5.51%
• YTD: 36.57%
• 6M: 19.44%
• 1Y: -61.60%
• 3Y*: -14.95%
• 5Y*: 12.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOC vs. MLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOC Sable Offshore Corp	45.45%	-60.61%	84.53%
MLTX MoonLake Immunotherapeutics	36.57%	-75.66%	-9.80%

Correlation

The correlation between SOC and MLTX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Feb 16, 2024	0.02

Fundamentals

Market Cap SOC : $1.88T MLTX : $1.28B
EPS SOC : -$0.01 MLTX : -$3.90
PB Ratio SOC : 4.47K MLTX : 5.05
Total Revenue (TTM) SOC : $1.27M MLTX : $0.00
Gross Profit (TTM) SOC : -$11.08M MLTX : -$1.49M
EBITDA (TTM) SOC : -$337.95M MLTX : -$179.84M

Return for Risk

SOC vs. MLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOC

SOC Risk / Return Rank: 31
SOC Sharpe Ratio Rank: 28
SOC Sortino Ratio Rank: 40
SOC Omega Ratio Rank: 39
SOC Calmar Ratio Rank: 23
SOC Martin Ratio Rank: 26

MLTX

MLTX Risk / Return Rank: 34
MLTX Sharpe Ratio Rank: 19
MLTX Sortino Ratio Rank: 49
MLTX Omega Ratio Rank: 63
MLTX Calmar Ratio Rank: 16
MLTX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOC vs. MLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sable Offshore Corp (SOC) and MoonLake Immunotherapeutics (MLTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SOC	MLTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	-0.53	+0.20
Sortino ratio: Return per unit of downside risk	0.36	0.71	-0.35
Omega ratio: Gain probability vs. loss probability	1.04	1.18	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.54	-0.69	+0.15
Martin ratio: Return relative to average drawdown	-0.85	-0.98	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOC vs. MLTX - Sharpe Ratio Comparison

The current SOC Sharpe Ratio is -0.33, which is higher than the MLTX Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of SOC and MLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOC	MLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	-0.53	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.12	-0.10

Drawdowns

SOC vs. MLTX - Drawdown Comparison

The maximum SOC drawdown since its inception was -87.52%, roughly equal to the maximum MLTX drawdown of -90.22%. Use the drawdown chart below to compare losses from any high point for SOC and MLTX.

Drawdown Indicators

	SOC	MLTX	Difference
Max Drawdown Largest peak-to-trough decline	-87.52%	-90.22%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	-87.00%	-89.93%	+2.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-90.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.22%	—
Current Drawdown Current decline from peak	-60.27%	-71.81%	+11.54%
Average Drawdown Average peak-to-trough decline	-30.80%	-29.24%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.76%	63.21%	-8.45%

Volatility

SOC vs. MLTX - Volatility Comparison

Sable Offshore Corp (SOC) has a higher volatility of 27.48% compared to MoonLake Immunotherapeutics (MLTX) at 18.65%. This indicates that SOC's price experiences larger fluctuations and is considered to be riskier than MLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOC	MLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.48%	18.65%	+8.83%
Volatility (6M) Calculated over the trailing 6-month period	96.35%	55.24%	+41.11%
Volatility (1Y) Calculated over the trailing 1-year period	140.85%	115.84%	+25.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.43%	91.15%	+20.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.43%	86.45%	+24.98%

Dividends

SOC vs. MLTX - Dividend Comparison

Neither SOC nor MLTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SOC and MLTX in my portfolio?

SOC and MLTX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOC or MLTX?

SOC has higher volatility (27.48%) compared to MLTX (18.65%). In terms of maximum drawdown, SOC dropped -87.52% vs MLTX's -90.22%.

Which has better risk-adjusted returns?

SOC currently has the higher Sharpe Ratio (-0.33 vs -0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.