AFRM vs. ROKU
AFRM (Affirm Holdings, Inc.) and ROKU (Roku, Inc.) are both stocks. AFRM operates in Information Technology Services (Technology), while ROKU operates in Entertainment (Communication Services). Over the past 5 years, AFRM returned 4.89%/yr vs -19.48%/yr for ROKU. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
AFRM vs. ROKU - Performance Comparison
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Returns By Period
In the year-to-date period, AFRM achieves a -3.92% return, which is significantly lower than ROKU's 33.66% return.
AFRM
- 1D
- -2.38%
- 1M
- -15.45%
- 6M
- 18.59%
- YTD
- -3.92%
- 1Y
- 7.68%
- 3Y*
- 53.92%
- 5Y*
- 4.89%
- 10Y*
- —
- ALL TIME*
- -4.24%
ROKU
- 1D
- -0.06%
- 1M
- 1.81%
- 6M
- 52.32%
- YTD
- 33.66%
- 1Y
- 81.31%
- 3Y*
- 14.15%
- 5Y*
- -19.48%
- 10Y*
- —
- ALL TIME*
- 28.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $252.44M | $283.73M | $329.04M | |
ROKU Roku, Inc. | $351.29M | $393.75M | $580.85M |
AFRM vs. ROKU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AFRM Affirm Holdings, Inc. | -3.92% | 22.22% | 23.93% | 408.17% | -90.38% | 10.63% |
ROKU Roku, Inc. | 33.66% | 45.94% | -18.90% | 125.21% | -82.16% | -45.05% |
Correlation
The correlation between AFRM and ROKU is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.57 |
The correlation between AFRM and ROKU shifts across timeframes, from 0.43 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AFRM:
$23.95B
ROKU:
$21.51B
AFRM:
$1.10
ROKU:
$1.33
AFRM:
65.18
ROKU:
108.85
AFRM:
7.79
ROKU:
4.42
AFRM:
6.58
ROKU:
8.20
AFRM:
$3.20B
ROKU:
$4.97B
AFRM:
$2.00B
ROKU:
$2.19B
AFRM:
$908.84M
ROKU:
$280.30M
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Return for Risk
AFRM vs. ROKU — Risk / Return Rank
AFRM
ROKU
AFRM vs. ROKU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) and Roku, Inc. (ROKU). 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 | ROKU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.96 | -1.88 |
| Martin ratioReturn relative to average drawdown | 0.16 | 5.65 | -5.49 |
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Drawdowns
AFRM vs. ROKU - Drawdown Comparison
The maximum AFRM drawdown since its inception was -94.71%, roughly equal to the maximum ROKU drawdown of -91.91%. Use the drawdown chart below to compare losses from any high point for AFRM and ROKU.
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Drawdown Indicators
| AFRM | ROKU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.71% | -91.91% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -53.86% | -27.69% | -26.17% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -51.65% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -94.71% | -90.77% | -3.94% |
Current DrawdownCurrent decline from peak | -57.57% | -69.76% | +12.19% |
Average DrawdownAverage peak-to-trough decline | -68.30% | -53.10% | -15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.69% | 9.83% | +17.86% |
Volatility
AFRM vs. ROKU - Volatility Comparison
Affirm Holdings, Inc. (AFRM) has a higher volatility of 11.99% compared to Roku, Inc. (ROKU) at 3.43%. This indicates that AFRM's price experiences larger fluctuations and is considered to be riskier than ROKU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFRM | ROKU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 3.43% | +8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 42.76% | 34.40% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.28% | 46.83% | +15.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.24% | 66.52% | +29.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.69% | 74.91% | +19.78% |
Dividends
AFRM vs. ROKU - Dividend Comparison
Neither AFRM nor ROKU has paid dividends to shareholders.
Financials
AFRM vs. ROKU - Financials Comparison
This section allows you to compare key financial metrics between Affirm Holdings, Inc. and Roku, 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. ROKU - Profitability Comparison
AFRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
ROKU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Roku, Inc. reported a gross profit of 564.94M and revenue of 1.25B. Therefore, the gross margin over that period was 45.2%.
AFRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Affirm Holdings, Inc. reported an operating income of 88.43M and revenue of 268.03M, resulting in an operating margin of 33.0%.
ROKU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Roku, Inc. reported an operating income of 51.77M and revenue of 1.25B, resulting in an operating margin of 4.2%.
AFRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Affirm Holdings, Inc. reported a net income of 102.90M and revenue of 268.03M, resulting in a net margin of 38.4%.
ROKU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Roku, Inc. reported a net income of 85.70M and revenue of 1.25B, resulting in a net margin of 6.9%.
Frequently Asked Questions
AFRM and ROKU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFRM has higher volatility (11.99%) compared to ROKU (3.43%). In terms of maximum drawdown, AFRM dropped -94.71% vs ROKU's -91.91%.
ROKU currently has the higher Sharpe Ratio (1.16 vs 0.07), 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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