PGY vs SOFI: Correlation
How closely do Pagaya Technologies Ltd. - Class A (PGY) and SoFi Technologies, Inc. (SOFI) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGY and SOFI?
Across a 3-year window, the weekly returns of PGY and SOFI correlate at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.50 over 3 years. Stretching to 5 years gives 0.21, with an annualized covariance of 2433.8 %².
In PGY's tracked universe of 11 assets, SOFI sits right near the top at #3. Over the last 12 months SOFI came out ahead by 9.8 percentage points (-33.0% against -23.2%). Risk is not evenly split, since PGY carries 1.5 times the volatility of the other side.
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.
PGY vs SOFI: side by side
| PGY (Pagaya Technologies Ltd. - Class A) | SOFI (SoFi Technologies, Inc.) | |
|---|---|---|
| 1-year return | -33.0% | -23.2% |
| 5-year return | -79.9% | +35.2% |
| Volatility (ann.) | 86.1% | 56.2% |
| Beta vs S&P 500 | 2.49 | 2.40 |
| Max drawdown (3Y) | -75.7% | -53.0% |
| Market cap | $1.9B | $24.8B |
| P/E (trailing) | 15.9 | 38.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGY | SOFI |
|---|---|---|
| 2022 | -87.5% | -70.8% |
| 2023 | +11.3% | +115.8% |
| 2024 | -43.9% | +54.8% |
| 2025 | +125.0% | +70.0% |
| 2026 | +11.3% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGY and SOFI good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PGY and SOFI?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.63 over the last year and 0.21 over 5 years.
Is SOFI a good diversifier for PGY?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/pgy-vs-sofi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pgy-vs-sofi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PGY correlations · SOFI correlations
