SOFI vs VXZ: Correlation
Measured on weekly returns over the past three years, SoFi Technologies, Inc. (SOFI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOFI and VXZ?
Over the past 3 years, SOFI and VXZ moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.48) sits close to the 3-year figure. Over 5 years the correlation is -0.48, and the annualized covariance of weekly returns is -752.8 %².
Among the 18 assets we track against SOFI, VXZ sits near the bottom by co-movement, at rank #16. On 12-month performance VXZ holds a 7.1-point edge, -23.2% against -16.1%. Note the risk asymmetry: SOFI runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VXZ: side by side
| SOFI (SoFi Technologies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.2% | -16.1% |
| 5-year return | +35.2% | -53.1% |
| Volatility (ann.) | 56.2% | 25.6% |
| Beta vs S&P 500 | 2.40 | -1.31 |
| Max drawdown (3Y) | -53.0% | -36.4% |
| Market cap | $24.8B | – |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOFI | VXZ |
|---|---|---|
| 2022 | -70.8% | +0.5% |
| 2023 | +115.8% | -44.0% |
| 2024 | +54.8% | -12.7% |
| 2025 | +70.0% | +5.7% |
| 2026 | -26.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOFI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between SOFI and VXZ?
The SOFI/VXZ correlation stands at -0.52 on a 3-year window (1 year: -0.48, 5 years: -0.48), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SOFI?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/sofi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sofi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SOFI correlations · VXZ correlations
