AFRM vs SOFI: Correlation
How closely do Affirm Holdings, Inc. (AFRM) and SoFi Technologies, Inc. (SOFI) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRM and SOFI?
Over the past 3 years, AFRM and SOFI moved with a correlation of 0.60, which is strong. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.60). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 2518.9 %².
In AFRM's tracked universe of 17 assets, SOFI sits right near the top at #2. Correlation aside, the last 12 months split them widely, with AFRM ahead by 23.1 points (-0.1% versus -23.2%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AFRM vs SOFI: side by side
| AFRM (Affirm Holdings, Inc.) | SOFI (SoFi Technologies, Inc.) | |
|---|---|---|
| 1-year return | -0.1% | -23.2% |
| 5-year return | -22.2% | +35.2% |
| Volatility (ann.) | 75.0% | 56.2% |
| Beta vs S&P 500 | 2.77 | 2.40 |
| Max drawdown (3Y) | -55.9% | -53.0% |
| Market cap | $26.0B | $24.8B |
| P/E (trailing) | 69.2 | 38.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRM | SOFI |
|---|---|---|
| 2022 | -90.4% | -70.8% |
| 2023 | +408.2% | +115.8% |
| 2024 | +23.9% | +54.8% |
| 2025 | +22.2% | +70.0% |
| 2026 | +4.1% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRM and SOFI good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFRM and SOFI?
The AFRM/SOFI correlation stands at 0.60 on a 3-year window (1 year: 0.74, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SOFI a good diversifier for AFRM?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afrm-vs-sofi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afrm-vs-sofi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFRM correlations · SOFI correlations
