QQQ vs SOFI: Correlation
Invesco QQQ Trust (QQQ) and SoFi Technologies, Inc. (SOFI) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SOFI?
Over the past 3 years, QQQ and SOFI moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 637.6 %².
Among the 4755 assets we track against QQQ, SOFI ranks #158 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.5 points (+26.3% versus -23.2%). Risk is not evenly split, since SOFI carries 2.9 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.
QQQ vs SOFI: side by side
| QQQ (Invesco QQQ Trust) | SOFI (SoFi Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -23.2% |
| 5-year return | +95.4% | +35.2% |
| Volatility (ann.) | 19.6% | 56.2% |
| Beta vs S&P 500 | 1.28 | 2.40 |
| Max drawdown (3Y) | -22.8% | -53.0% |
| Market cap | – | $24.8B |
| P/E (trailing) | – | 38.4 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SOFI |
|---|---|---|
| 2022 | -32.6% | -70.8% |
| 2023 | +54.9% | +115.8% |
| 2024 | +25.6% | +54.8% |
| 2025 | +20.8% | +70.0% |
| 2026 | +17.7% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SOFI good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and SOFI?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.61 over the last year and 0.55 over 5 years.
Is SOFI a good diversifier for QQQ?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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/qqq-vs-sofi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sofi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SOFI correlations
