AFRM vs. STNE

Last updated Jun 13, 2026

AFRM (Affirm Holdings, Inc.) and STNE (StoneCo Ltd.) are both stocks. Both are in the Technology sector — AFRM in Information Technology Services, STNE in Software - Application. Over the past 5 years, AFRM returned -0.54%/yr vs -26.45%/yr for STNE. At a 0.43 correlation, their price movements are largely independent.

Performance

AFRM vs. STNE - Performance Comparison

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

Returns By Period

In the year-to-date period, AFRM achieves a -11.10% return, which is significantly lower than STNE's -7.84% return.

AFRM

• 1D: -0.48%
• 1M: 0.53%
• YTD: -11.10%
• 6M: -1.61%
• 1Y: 11.94%
• 3Y*: 52.28%
• 5Y*: -0.54%
• 10Y*: —

STNE

• 1D: 0.09%
• 1M: 17.17%
• YTD: -7.84%
• 6M: -12.12%
• 1Y: -0.94%
• 3Y*: 0.22%
• 5Y*: -26.45%
• 10Y*: —

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

AFRM vs. STNE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AFRM Affirm Holdings, Inc.	-11.10%	22.22%	23.93%	408.17%	-90.38%	10.63%
STNE StoneCo Ltd.	-7.84%	85.57%	-55.80%	91.00%	-44.01%	-78.89%

Correlation

The correlation between AFRM and STNE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021	0.43

The correlation between AFRM and STNE shifts across timeframes, from 0.29 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AFRM : $23.03B STNE : $2.85B
EPS AFRM : $1.10 STNE : R$12.96
PE Ratio AFRM : 60.05 STNE : 4.43
PS Ratio AFRM : 7.18 STNE : 1.32
PB Ratio AFRM : 6.09 STNE : 1.20
Total Revenue (TTM) AFRM : $3.20B STNE : R$11.69B
Gross Profit (TTM) AFRM : $2.00B STNE : R$8.11B
EBITDA (TTM) AFRM : $908.84M STNE : R$3.75B

Return for Risk

AFRM vs. STNE — Risk / Return Rank

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

AFRM

AFRM Risk / Return Rank: 47
AFRM Sharpe Ratio Rank: 48
AFRM Sortino Ratio Rank: 47
AFRM Omega Ratio Rank: 46
AFRM Calmar Ratio Rank: 46
AFRM Martin Ratio Rank: 46

STNE

STNE Risk / Return Rank: 40
STNE Sharpe Ratio Rank: 41
STNE Sortino Ratio Rank: 39
STNE Omega Ratio Rank: 39
STNE Calmar Ratio Rank: 41
STNE Martin Ratio Rank: 41

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. STNE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Affirm Holdings, Inc. (AFRM) and StoneCo Ltd. (STNE). 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	STNE	Difference
Sharpe ratio: Return per unit of total volatility	0.14	-0.04	+0.18
Sortino ratio: Return per unit of downside risk	0.64	0.29	+0.35
Omega ratio: Gain probability vs. loss probability	1.07	1.04	+0.04
Calmar ratio: Return relative to maximum drawdown	0.16	-0.06	+0.21
Martin ratio: Return relative to average drawdown	0.31	-0.11	+0.42

AFRM vs. STNE - Sharpe Ratio Comparison

The current AFRM Sharpe Ratio is 0.14, which is higher than the STNE Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of AFRM and STNE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFRM vs. STNE - Drawdown Comparison

The maximum AFRM drawdown since its inception was -94.71%, roughly equal to the maximum STNE drawdown of -92.31%. Use the drawdown chart below to compare losses from any high point for AFRM and STNE.

Drawdown Indicators

	AFRM	STNE	Difference
Max Drawdown Largest peak-to-trough decline	-94.71%	-92.31%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-53.86%	-40.22%	-13.64%
Max Drawdown (3Y) Largest decline over 3 years	-55.85%	-57.64%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-94.71%	-89.72%	-4.99%
Current Drawdown Current decline from peak	-60.73%	-85.51%	+24.78%
Average Drawdown Average peak-to-trough decline	-68.65%	-61.22%	-7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.04%	20.10%	+6.94%

Volatility

AFRM vs. STNE - Volatility Comparison

Affirm Holdings, Inc. (AFRM) has a higher volatility of 17.80% compared to StoneCo Ltd. (STNE) at 14.09%. This indicates that AFRM's price experiences larger fluctuations and is considered to be riskier than STNE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFRM	STNE	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.80%	14.09%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	43.83%	39.14%	+4.69%
Volatility (1Y) Calculated over the trailing 1-year period	60.85%	51.30%	+9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.23%	64.94%	+31.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.46%	67.40%	+28.06%

Dividends

AFRM vs. STNE - Dividend Comparison

AFRM has not paid dividends to shareholders, while STNE's dividend yield for the trailing twelve months is around 22.47%.

Position	TTM
AFRM Affirm Holdings, Inc.	0.00%
STNE StoneCo Ltd.	22.47%

Financials

Frequently Asked Questions

Can I hold both AFRM and STNE in my portfolio?

AFRM and STNE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFRM or STNE?

AFRM has higher volatility (17.80%) compared to STNE (14.09%). In terms of maximum drawdown, AFRM dropped -94.71% vs STNE's -92.31%.

Which has better risk-adjusted returns?

AFRM currently has the higher Sharpe Ratio (0.14 vs -0.04), 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.