SoFi Social Correlations

Etfs . USA . 
Etf . SoFi Social 50
SFYF Etf  USD 42.32  0.01  0.02%   
The current 90-days correlation between SoFi Social 50 and iShares MSCI USA is 0.8 (i.e., Very poor diversification). The correlation of SoFi Social is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

SoFi Social Correlation With Market

Poor diversification

The correlation between SoFi Social 50 and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoFi Social 50 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Social 50. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with SoFi Etf

  0.96VUG Vanguard Growth IndexPairCorr
  0.95IWF iShares Russell 1000PairCorr
  0.94IVW iShares SP 500PairCorr
  0.94SPYG SPDR Portfolio SPPairCorr
  0.94IUSG iShares Core SPPairCorr
  0.95VONG Vanguard Russell 1000PairCorr
  0.95MGK Vanguard Mega CapPairCorr
  0.95VRGWX Vanguard Russell 1000PairCorr
  0.91MTUM iShares MSCI USAPairCorr
  0.93QQQM Invesco NASDAQ 100PairCorr
  0.93UPRO ProShares UltraPro SP500PairCorr
  0.93QTJA Innovator ETFs TrustPairCorr
  0.93QTOC Innovator ETFs TrustPairCorr
  0.92XTOC Innovator ETFs TrustPairCorr
  0.94QTAP Innovator Growth 100PairCorr
  0.89TSJA TSJAPairCorr
  0.95XTJA Innovator ETFs TrustPairCorr
  0.89DSJA DSJAPairCorr
  0.95XDJA Innovator ETFs TrustPairCorr
  0.96XTAP Innovator Equity AccPairCorr
  0.9CVX Chevron Corp Sell-off TrendPairCorr
  0.85JPM JPMorgan Chase Sell-off TrendPairCorr
  0.89DIS Walt Disney Aggressive PushPairCorr
  0.92CSCO Cisco Systems Aggressive PushPairCorr
  0.92BAC Bank of America Aggressive PushPairCorr
  0.87INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.93AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.73CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.8T ATT Inc Aggressive PushPairCorr
  0.7HD Home Depot Sell-off TrendPairCorr
  0.8TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against SoFi Etf

  0.89MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.88KO Coca Cola Sell-off TrendPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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SoFi Social Constituents Risk-Adjusted Indicators

There is a big difference between SoFi Etf performing well and SoFi Social ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SoFi Social's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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