I think it kinda has a correlation, but with me it doesn't really affect me cus I don't wanna be like all the "popular" kids at my school (aka jocks). And I don't know if this is just my school, but it's not as black and white as popular and unpopular. There are differnt levels in different groups. I'm pretty fluid with my social groups, I have a core group that I hang out with but I seem to get along with everyone, even the jocks. Sure it means going to a lot less parties in the winter, but that's a sacrifice I'm more than willing to make. People know me very well as the skier of the school and I can confidently say I'm the best in my school (not an impressive feat because I go to a private school in NYC and also besides the point)
I say do what you love and love what you do and don't let anything get in the way of that.