COIN vs SOFI: Correlation
Coinbase (COIN) and SoFi Technologies, Inc. (SOFI) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and SOFI?
Over the past 3 years, COIN and SOFI moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 2295.8 %².
By 3-year correlation, SOFI places #10 of the 34 assets tracked against COIN. Their recent paths diverged sharply: over the last 12 months SOFI outperformed by 15.1 percentage points (-38.3% for COIN against -23.2% for SOFI).
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.
COIN vs SOFI: side by side
| COIN (Coinbase) | SOFI (SoFi Technologies, Inc.) | |
|---|---|---|
| 1-year return | -38.3% | -23.2% |
| 5-year return | -27.4% | +35.2% |
| Volatility (ann.) | 80.0% | 56.2% |
| Beta vs S&P 500 | 2.66 | 2.40 |
| Max drawdown (3Y) | -66.4% | -53.0% |
| Market cap | $50.3B | $24.8B |
| P/E (trailing) | – | 38.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COIN | SOFI |
|---|---|---|
| 2022 | -86.0% | -70.8% |
| 2023 | +391.4% | +115.8% |
| 2024 | +42.8% | +54.8% |
| 2025 | -8.9% | +70.0% |
| 2026 | -15.7% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and SOFI good diversifiers for each other?
Only partially. A correlation of 0.51 means COIN and SOFI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COIN and SOFI?
The COIN/SOFI correlation stands at 0.51 on a 3-year window (1 year: 0.55, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is SOFI a good diversifier for COIN?
Only partially. A correlation of 0.51 means COIN and SOFI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coin-vs-sofi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coin-vs-sofi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COIN correlations · SOFI correlations
