AFRM vs. QTWO
AFRM (Affirm Holdings, Inc.) and QTWO (Q2 Holdings, Inc.) are both stocks. Both are in the Technology sector — AFRM in Information Technology Services, QTWO in Software - Application. Over the past 5 years, AFRM returned 1.67%/yr vs -13.94%/yr for QTWO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
AFRM vs. QTWO - Performance Comparison
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Returns By Period
In the year-to-date period, AFRM achieves a -12.05% return, which is significantly higher than QTWO's -37.89% return.
AFRM
- 1D
- 2.91%
- 1M
- 2.27%
- YTD
- -12.05%
- 6M
- -3.89%
- 1Y
- 11.10%
- 3Y*
- 55.56%
- 5Y*
- 1.67%
- 10Y*
- —
QTWO
- 1D
- -1.95%
- 1M
- -10.59%
- YTD
- -37.89%
- 6M
- -39.02%
- 1Y
- -50.89%
- 3Y*
- 17.10%
- 5Y*
- -13.94%
- 10Y*
- 5.15%
AFRM vs. QTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AFRM Affirm Holdings, Inc. | -12.05% | 22.22% | 23.93% | 408.17% | -90.38% | 3.41% |
QTWO Q2 Holdings, Inc. | -37.89% | -28.31% | 131.86% | 61.56% | -66.18% | -37.94% |
Correlation
The correlation between AFRM and QTWO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2021 | 0.57 |
Over the past year, the correlation between AFRM and QTWO has dropped to 0.33 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
Fundamentals
AFRM:
$22.79B
QTWO:
$3.03B
AFRM:
$1.10
QTWO:
$1.07
AFRM:
59.41
QTWO:
41.78
AFRM:
7.10
QTWO:
3.76
AFRM:
6.02
QTWO:
4.96
AFRM:
$3.20B
QTWO:
$821.58M
AFRM:
$2.00B
QTWO:
$456.61M
AFRM:
$908.84M
QTWO:
$105.55M
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Return for Risk
AFRM vs. QTWO — Risk / Return Rank
AFRM
QTWO
AFRM vs. QTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) and Q2 Holdings, Inc. (QTWO). 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.
| AFRM | QTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.78 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.96 | +1.17 |
| Martin ratioReturn relative to average drawdown | 0.42 | -1.51 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFRM | QTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | -1.16 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.28 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.21 | -0.28 |
Drawdowns
AFRM vs. QTWO - Drawdown Comparison
The maximum AFRM drawdown since its inception was -94.71%, which is greater than QTWO's maximum drawdown of -85.77%. Use the drawdown chart below to compare losses from any high point for AFRM and QTWO.
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Drawdown Indicators
| AFRM | QTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.71% | -85.77% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -53.86% | -53.08% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -59.68% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -94.71% | -80.69% | -14.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.77% | — |
Current DrawdownCurrent decline from peak | -61.16% | -69.45% | +8.29% |
Average DrawdownAverage peak-to-trough decline | -68.72% | -30.20% | -38.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.80% | 33.84% | -7.04% |
Volatility
AFRM vs. QTWO - Volatility Comparison
Affirm Holdings, Inc. (AFRM) and Q2 Holdings, Inc. (QTWO) have volatilities of 17.96% and 18.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFRM | QTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.96% | 18.44% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 43.45% | 32.97% | +10.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.85% | 44.22% | +16.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.31% | 50.12% | +46.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.55% | 44.29% | +51.26% |
Dividends
AFRM vs. QTWO - Dividend Comparison
Neither AFRM nor QTWO has paid dividends to shareholders.
Financials
AFRM vs. QTWO - Financials Comparison
This section allows you to compare key financial metrics between Affirm Holdings, Inc. and Q2 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. QTWO - 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%.
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a gross profit of 127.91M and revenue of 216.51M. Therefore, the gross margin over that period was 59.1%.
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%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported an operating income of 27.69M and revenue of 216.51M, resulting in an operating margin of 12.8%.
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%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Q2 Holdings, Inc. reported a net income of 26.64M and revenue of 216.51M, resulting in a net margin of 12.3%.
Frequently Asked Questions
AFRM and QTWO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (18.44%) compared to AFRM (17.96%). In terms of maximum drawdown, AFRM dropped -94.71% vs QTWO's -85.77%.
AFRM currently has the higher Sharpe Ratio (0.18 vs -1.16), 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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