AFRM vs. SHOP
AFRM (Affirm Holdings, Inc.) and SHOP (Shopify Inc.) are both stocks. Both are in the Technology sector — AFRM in Information Technology Services, SHOP in Software - Application. Over the past 5 years, AFRM returned 4.89%/yr vs -4.82%/yr for SHOP. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
AFRM vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, AFRM achieves a -3.92% return, which is significantly higher than SHOP's -27.22% 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%
SHOP
- 1D
- -4.29%
- 1M
- -1.93%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -1.22%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $252.44M | $283.73M | $329.04M | |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
AFRM vs. SHOP - 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% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 15.92% |
Correlation
The correlation between AFRM and SHOP is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.60 |
The correlation between AFRM and SHOP has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
Fundamentals
AFRM:
$23.95B
SHOP:
$152.02B
AFRM:
$1.10
SHOP:
$1.02
AFRM:
65.18
SHOP:
114.96
AFRM:
7.79
SHOP:
16.65
AFRM:
6.58
SHOP:
12.21
AFRM:
$3.20B
SHOP:
$9.20B
AFRM:
$2.00B
SHOP:
$5.93B
AFRM:
$908.84M
SHOP:
$1.60B
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Return for Risk
AFRM vs. SHOP — Risk / Return Rank
AFRM
SHOP
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.
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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.09 | +0.17 |
| Martin ratioReturn relative to average drawdown | 0.16 | -0.16 | +0.32 |
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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.
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Drawdown Indicators
| AFRM | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.71% | -84.82% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -53.86% | -46.71% | -7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -46.71% | -9.14% |
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 DrawdownCurrent decline from peak | -57.57% | -34.56% | -23.01% |
Average DrawdownAverage peak-to-trough decline | -68.30% | -28.29% | -40.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.69% | 25.40% | +2.29% |
Volatility
AFRM vs. SHOP - Volatility Comparison
The current volatility for Affirm Holdings, Inc. (AFRM) is 11.99%, while Shopify Inc. (SHOP) has a volatility of 16.38%. This indicates that AFRM experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFRM | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 16.38% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 42.76% | 45.57% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.28% | 58.84% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.24% | 65.90% | +30.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.69% | 59.22% | +35.47% |
Dividends
AFRM vs. SHOP - Dividend Comparison
Neither AFRM nor SHOP has paid dividends to shareholders.
Financials
AFRM vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Affirm Holdings, Inc. and Shopify 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
Frequently Asked Questions
AFRM and SHOP have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.38%) compared to AFRM (11.99%). In terms of maximum drawdown, AFRM dropped -94.71% vs SHOP's -84.82%.
AFRM currently has the higher Sharpe Ratio (0.07 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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