AFRM vs. PYPL
AFRM (Affirm Holdings, Inc.) and PYPL (PayPal Holdings, Inc.) are both stocks. AFRM operates in Information Technology Services (Technology), while PYPL operates in Credit Services (Financial Services). Over the past 5 years, AFRM returned 2.07%/yr vs -31.73%/yr for PYPL. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
AFRM vs. PYPL - Performance Comparison
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Returns By Period
In the year-to-date period, AFRM achieves a -3.00% return, which is significantly higher than PYPL's -27.00% return.
AFRM
- 1D
- -2.33%
- 1M
- 10.70%
- YTD
- -3.00%
- 6M
- -8.11%
- 1Y
- 16.34%
- 3Y*
- 69.56%
- 5Y*
- 2.07%
- 10Y*
- —
PYPL
- 1D
- -0.40%
- 1M
- -3.93%
- YTD
- -27.00%
- 6M
- -28.80%
- 1Y
- -39.02%
- 3Y*
- -13.91%
- 5Y*
- -31.73%
- 10Y*
- 1.99%
AFRM vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AFRM Affirm Holdings, Inc. | -3.00% | 22.22% | 23.93% | 408.17% | -90.38% | 10.63% |
PYPL PayPal Holdings, Inc. | -27.00% | -31.44% | 38.98% | -13.77% | -62.23% | -20.64% |
Correlation
The correlation between AFRM and PYPL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.54 |
The correlation between AFRM and PYPL has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
Fundamentals
AFRM:
$25.13B
PYPL:
$38.95B
AFRM:
$1.10
PYPL:
$5.31
AFRM:
65.53
PYPL:
7.98
AFRM:
7.83
PYPL:
1.20
AFRM:
6.64
PYPL:
1.95
AFRM:
$3.20B
PYPL:
$33.73B
AFRM:
$2.00B
PYPL:
$15.56B
AFRM:
$908.84M
PYPL:
$7.23B
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Return for Risk
AFRM vs. PYPL — Risk / Return Rank
AFRM
PYPL
AFRM vs. PYPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) and PayPal Holdings, Inc. (PYPL). 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.
| AFRM | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.82 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.78 | +1.09 |
| Martin ratioReturn relative to average drawdown | 0.60 | -1.33 | +1.94 |
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Drawdowns
AFRM vs. PYPL - Drawdown Comparison
The maximum AFRM drawdown since its inception was -94.71%, which is greater than PYPL's maximum drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for AFRM and PYPL.
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Drawdown Indicators
| AFRM | PYPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.71% | -87.30% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -53.86% | -49.92% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -57.34% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -94.71% | -87.30% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.30% | — |
Current DrawdownCurrent decline from peak | -57.16% | -86.15% | +28.99% |
Average DrawdownAverage peak-to-trough decline | -68.60% | -35.99% | -32.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.21% | 29.28% | -2.07% |
Volatility
AFRM vs. PYPL - Volatility Comparison
Affirm Holdings, Inc. (AFRM) has a higher volatility of 19.95% compared to PayPal Holdings, Inc. (PYPL) at 8.64%. This indicates that AFRM's price experiences larger fluctuations and is considered to be riskier than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFRM | PYPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.95% | 8.64% | +11.31% |
Volatility (6M)Calculated over the trailing 6-month period | 43.73% | 32.06% | +11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.76% | 38.91% | +22.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.39% | 42.12% | +54.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.42% | 38.82% | +56.60% |
Dividends
AFRM vs. PYPL - Dividend Comparison
AFRM has not paid dividends to shareholders, while PYPL's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 |
|---|---|---|
AFRM Affirm Holdings, Inc. | 0.00% | 0.00% |
PYPL PayPal Holdings, Inc. | 1.02% | 0.24% |
Financials
AFRM vs. PYPL - Financials Comparison
This section allows you to compare key financial metrics between Affirm Holdings, Inc. and PayPal Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AFRM vs. PYPL - Profitability Comparison
AFRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affirm Holdings, Inc. reported a gross profit of 0.00 and revenue of 268.03M. Therefore, the gross margin over that period was 0.0%.
PYPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a gross profit of 3.81B and revenue of 8.35B. Therefore, the gross margin over that period was 45.6%.
AFRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affirm Holdings, Inc. reported an operating income of 88.43M and revenue of 268.03M, resulting in an operating margin of 33.0%.
PYPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported an operating income of 1.49B and revenue of 8.35B, resulting in an operating margin of 17.8%.
AFRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affirm Holdings, Inc. reported a net income of 102.90M and revenue of 268.03M, resulting in a net margin of 38.4%.
PYPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a net income of 1.11B and revenue of 8.35B, resulting in a net margin of 13.3%.
Frequently Asked Questions
AFRM and PYPL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFRM has higher volatility (19.95%) compared to PYPL (8.64%). In terms of maximum drawdown, AFRM dropped -94.71% vs PYPL's -87.30%.
AFRM currently has the higher Sharpe Ratio (0.27 vs -1.01), 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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