SOFI vs UPST: Correlation
How closely do SoFi Technologies, Inc. (SOFI) and Upstart Holdings, Inc. (UPST) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOFI and UPST?
Across a 3-year window, the weekly returns of SOFI and UPST correlate at 0.67, strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.67). Stretching to 5 years gives 0.59, with an annualized covariance of 3428.8 %².
Few assets follow SOFI as closely as UPST, which ranks #3 of 18 tracked partners. The last year tells two different stories: SOFI led by 33.0 percentage points, -23.2% for SOFI against -56.2% for UPST. Risk is not evenly split, since UPST carries 1.6 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.
SOFI vs UPST: side by side
| SOFI (SoFi Technologies, Inc.) | UPST (Upstart Holdings, Inc.) | |
|---|---|---|
| 1-year return | -23.2% | -56.2% |
| 5-year return | +35.2% | -85.9% |
| Volatility (ann.) | 56.2% | 91.0% |
| Beta vs S&P 500 | 2.40 | 3.51 |
| Max drawdown (3Y) | -53.0% | -72.7% |
| Market cap | $24.8B | $3.0B |
| P/E (trailing) | 38.4 | 58.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOFI | UPST |
|---|---|---|
| 2022 | -70.8% | -91.3% |
| 2023 | +115.8% | +209.1% |
| 2024 | +54.8% | +50.7% |
| 2025 | +70.0% | -29.0% |
| 2026 | -26.7% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOFI and UPST good diversifiers for each other?
To a limited degree. At 0.67 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 SOFI and UPST?
As of 2026-08-27, the correlation of weekly returns between SOFI and UPST is 0.67 over 3 years, 0.78 over 1 year and 0.59 over 5 years.
Is UPST a good diversifier for SOFI?
To a limited degree. At 0.67 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 0.67 mean?
A reading of 0.67 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/sofi-vs-upst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sofi-vs-upst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SOFI correlations · UPST correlations
