AVDX vs. AFRM

Last updated Jun 4, 2026

AVDX (AvidXchange Holdings, Inc.) and AFRM (Affirm Holdings, Inc.) are both stocks. Both are in the Technology sector — AVDX in Software - Infrastructure, AFRM in Information Technology Services. At a 0.50 correlation, their price movements are largely independent.

Performance

AVDX vs. AFRM - Performance Comparison

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

Returns By Period

AVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFRM

• 1D: -6.68%
• 1M: -1.21%
• YTD: -10.96%
• 6M: -4.84%
• 1Y: 20.58%
• 3Y*: 61.61%
• 5Y*: 2.13%
• 10Y*: —

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

AVDX vs. AFRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVDX AvidXchange Holdings, Inc.	0.00%	-3.29%	-16.55%	24.65%	-34.00%	-39.62%
AFRM Affirm Holdings, Inc.	-10.96%	22.22%	23.93%	408.17%	-90.38%	-31.18%

Correlation

The correlation between AVDX and AFRM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021	0.50

Over the past year, the correlation between AVDX and AFRM has dropped to 0.20 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AVDX : $2.07B AFRM : $23.07B
EPS AVDX : -$0.04 AFRM : $1.10
PS Ratio AVDX : 4.63 AFRM : 7.19
PB Ratio AVDX : 3.01 AFRM : 6.10
Total Revenue (TTM) AVDX : $446.72M AFRM : $3.20B
Gross Profit (TTM) AVDX : $323.96M AFRM : $2.00B
EBITDA (TTM) AVDX : $36.84M AFRM : $908.84M

Return for Risk

AVDX vs. AFRM — Risk / Return Rank

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

AFRM

AFRM Risk / Return Rank: 50
AFRM Sharpe Ratio Rank: 52
AFRM Sortino Ratio Rank: 52
AFRM Omega Ratio Rank: 49
AFRM Calmar Ratio Rank: 49
AFRM Martin Ratio Rank: 49

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.

AVDX vs. AFRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AvidXchange Holdings, Inc. (AVDX) and Affirm Holdings, Inc. (AFRM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVDX	AFRM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.07	—

Drawdowns

Drawdown Indicators

	AVDX	AFRM	Difference
Max Drawdown Largest peak-to-trough decline	—	-94.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-55.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.71%	—
Current Drawdown Current decline from peak	—	-60.68%	—
Average Drawdown Average peak-to-trough decline	—	-68.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.61%	—

Volatility

Volatility by Period

	AVDX	AFRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	60.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	96.29%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	95.58%	—

Dividends

AVDX vs. AFRM - Dividend Comparison

Neither AVDX nor AFRM has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AVDX vs. AFRM - Profitability Comparison

The chart below illustrates the profitability comparison between AvidXchange Holdings, Inc. and Affirm Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVDX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a gross profit of 79.62M and revenue of 110.57M. Therefore, the gross margin over that period was 72.0%.

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%.

AVDX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported an operating income of -12.41M and revenue of 110.57M, resulting in an operating margin of -11.2%.

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%.

AVDX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a net income of -9.46M and revenue of 110.57M, resulting in a net margin of -8.6%.

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%.

Frequently Asked Questions

Can I hold both AVDX and AFRM in my portfolio?

AVDX and AFRM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.