AFRM vs. SHOP

Last updated Apr 1, 2026

Compare and contrast key facts about Affirm Holdings, Inc. (AFRM) and Shopify Inc. (SHOP).

Performance

AFRM vs. SHOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Affirm Holdings, Inc. (AFRM) and Shopify Inc. (SHOP). The values are adjusted to include any dividend payments, if applicable.

AFRM vs. SHOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AFRM Affirm Holdings, Inc.	-38.44%	22.22%	23.93%	408.17%	-90.38%	3.41%
SHOP Shopify Inc.	-26.31%	51.39%	36.50%	124.43%	-74.80%	14.80%

Fundamentals

EPS AFRM : $0.81 SHOP : $1.41
PE Ratio AFRM : 56.27 SHOP : 84.21
PS Ratio AFRM : 5.44 SHOP : 13.15
Total Revenue (TTM) AFRM : $2.92B SHOP : $7.88B
Gross Profit (TTM) AFRM : $1.74B SHOP : $5.56B
EBITDA (TTM) AFRM : $789.93M SHOP : $1.61B

Returns By Period

In the year-to-date period, AFRM achieves a -38.44% return, which is significantly lower than SHOP's -26.31% return.

AFRM

• 1D: 6.48%
• 1M: -2.47%
• YTD: -38.44%
• 6M: -37.30%
• 1Y: 1.39%
• 3Y*: 59.60%
• 5Y*: -8.50%
• 10Y*: —

SHOP

• 1D: 6.13%
• 1M: -1.75%
• YTD: -26.31%
• 6M: -20.18%
• 1Y: 24.24%
• 3Y*: 35.25%
• 5Y*: 0.53%
• 10Y*: 45.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AFRM vs. SHOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFRM

AFRM Risk / Return Rank: 43
AFRM Sharpe Ratio Rank: 42
AFRM Sortino Ratio Rank: 44
AFRM Omega Ratio Rank: 43
AFRM Calmar Ratio Rank: 42
AFRM Martin Ratio Rank: 42

SHOP

SHOP Risk / Return Rank: 57
SHOP Sharpe Ratio Rank: 57
SHOP Sortino Ratio Rank: 57
SHOP Omega Ratio Rank: 56
SHOP Calmar Ratio Rank: 56
SHOP Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFRM vs. SHOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) and Shopify Inc. (SHOP). 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	SHOP	Difference
Sharpe ratio Return per unit of total volatility	0.02	0.40	-0.38
Sortino ratio Return per unit of downside risk	0.54	1.01	-0.47
Omega ratio Gain probability vs. loss probability	1.07	1.13	-0.06
Calmar ratio Return relative to maximum drawdown	-0.02	0.59	-0.61
Martin ratio Return relative to average drawdown	-0.04	1.44	-1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFRM vs. SHOP - Sharpe Ratio Comparison

The current AFRM Sharpe Ratio is 0.02, which is lower than the SHOP Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of AFRM and SHOP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AFRM	SHOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	0.40	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.01	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.72	-0.86

Correlation

The correlation between AFRM and SHOP is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AFRM vs. SHOP - Dividend Comparison

Neither AFRM nor SHOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

AFRM vs. SHOP - Drawdown Comparison

The maximum AFRM drawdown since its inception was -94.71%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for AFRM and SHOP.

Drawdown Indicators

	AFRM	SHOP	Difference
Max Drawdown Largest peak-to-trough decline	-94.71%	-84.82%	-9.89%
Max Drawdown (1Y) Largest decline over 1 year	-53.86%	-38.18%	-15.68%
Max Drawdown (5Y) Largest decline over 5 years	-94.71%	-84.82%	-9.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-84.82%	—
Current Drawdown Current decline from peak	-72.81%	-33.74%	-39.07%
Average Drawdown Average peak-to-trough decline	-68.94%	-28.09%	-40.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.21%	15.78%	+7.43%

Volatility

AFRM vs. SHOP - Volatility Comparison

Affirm Holdings, Inc. (AFRM) has a higher volatility of 17.61% compared to Shopify Inc. (SHOP) at 15.49%. This indicates that AFRM's price experiences larger fluctuations and is considered to be riskier than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFRM	SHOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.61%	15.49%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	44.04%	38.93%	+5.11%
Volatility (1Y) Calculated over the trailing 1-year period	70.18%	60.86%	+9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.66%	65.06%	+31.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.58%	58.59%	+37.99%

Financials