RDDT vs SOFI: Correlation
How closely do Reddit (RDDT) 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 RDDT and SOFI?
Across a 3-year window, the weekly returns of RDDT and SOFI correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.50). Stretching to 5 years gives n/a, with an annualized covariance of 2050.4 %².
By 3-year correlation, SOFI places #12 of the 40 assets tracked against RDDT. Neither side won the trailing year by much: -27.1% against -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.
RDDT vs SOFI: side by side
| RDDT (Reddit) | SOFI (SoFi Technologies, Inc.) | |
|---|---|---|
| 1-year return | -27.1% | -23.2% |
| 5-year return | n/a | +35.2% |
| Volatility (ann.) | 75.2% | 56.2% |
| Beta vs S&P 500 | 2.59 | 2.40 |
| Max drawdown (3Y) | -61.4% | -53.0% |
| Market cap | $29.6B | $24.8B |
| P/E (trailing) | 36.1 | 38.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | RDDT | SOFI |
|---|---|---|
| 2022 | – | -70.8% |
| 2023 | – | +115.8% |
| 2024 | – | +54.8% |
| 2025 | +40.6% | +70.0% |
| 2026 | -33.0% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDDT 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 RDDT and SOFI?
As of 2026-08-27, the correlation of weekly returns between RDDT and SOFI is 0.50 over 3 years, 0.64 over 1 year and n/a over 5 years.
Is SOFI a good diversifier for RDDT?
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/rddt-vs-sofi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rddt-vs-sofi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RDDT correlations · SOFI correlations
