AFCG vs. SPY
AFCG (AFC Gamma, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, AFCG returned -15.89%/yr vs 12.99%/yr for SPY. At a 0.38 correlation, their price movements are largely independent.
Performance
AFCG vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, AFCG achieves a 13.38% return, which is significantly higher than SPY's 8.25% return.
AFCG
- 1D
- 0.63%
- 1M
- -12.91%
- YTD
- 13.38%
- 6M
- 10.66%
- 1Y
- -26.48%
- 3Y*
- -19.56%
- 5Y*
- -15.89%
- 10Y*
- —
SPY
- 1D
- 0.14%
- 1M
- -1.92%
- YTD
- 8.25%
- 6M
- 6.93%
- 1Y
- 22.29%
- 3Y*
- 20.89%
- 5Y*
- 12.99%
- 10Y*
- 15.75%
AFCG vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AFCG AFC Gamma, Inc. | 13.38% | -61.90% | 18.70% | -10.49% | -21.23% | 14.82% |
SPY State Street SPDR S&P 500 ETF | 8.25% | 17.72% | 24.89% | 26.18% | -18.18% | 22.94% |
Correlation
The correlation between AFCG and SPY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.38 |
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Return for Risk
AFCG vs. SPY — Risk / Return Rank
AFCG
SPY
AFCG vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AFC Gamma, Inc. (AFCG) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFCG | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.52 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.77 | 11.15 | -11.92 |
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Drawdowns
AFCG vs. SPY - Drawdown Comparison
The maximum AFCG drawdown since its inception was -78.25%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AFCG and SPY.
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Drawdown Indicators
| AFCG | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.25% | -55.19% | -23.06% |
Max Drawdown (1Y)Largest decline over 1 year | -56.88% | -8.88% | -48.00% |
Max Drawdown (3Y)Largest decline over 3 years | -76.86% | -18.76% | -58.10% |
Max Drawdown (5Y)Largest decline over 5 years | -78.25% | -24.50% | -53.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -66.37% | -3.08% | -63.29% |
Average DrawdownAverage peak-to-trough decline | -33.29% | -9.03% | -24.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.66% | 2.00% | +32.66% |
Volatility
AFCG vs. SPY - Volatility Comparison
AFC Gamma, Inc. (AFCG) has a higher volatility of 11.36% compared to State Street SPDR S&P 500 ETF (SPY) at 4.79%. This indicates that AFCG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFCG | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.36% | 4.79% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 42.78% | 9.80% | +32.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.74% | 12.43% | +49.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.60% | 17.15% | +25.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.88% | 17.95% | +24.93% |
Dividends
AFCG vs. SPY - Dividend Comparison
AFCG's dividend yield for the trailing twelve months is around 11.04%, more than SPY's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFCG AFC Gamma, Inc. | 11.04% | 18.60% | 17.04% | 16.63% | 14.18% | 5.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.02% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
AFCG and SPY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFCG has higher volatility (11.36%) compared to SPY (4.79%). In terms of maximum drawdown, AFCG dropped -78.25% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.80 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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