CLOV vs. AFRM
CLOV (Clover Health Investments, Corp.) and AFRM (Affirm Holdings, Inc.) are both stocks. CLOV operates in Healthcare Plans (Healthcare), while AFRM operates in Information Technology Services (Technology). Over the past 5 years, CLOV returned -20.64%/yr vs -0.54%/yr for AFRM. At a 0.43 correlation, their price movements are largely independent.
Performance
CLOV vs. AFRM - Performance Comparison
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Returns By Period
In the year-to-date period, CLOV achieves a 101.28% return, which is significantly higher than AFRM's -11.10% return.
CLOV
- 1D
- -3.47%
- 1M
- 36.31%
- YTD
- 101.28%
- 6M
- 75.19%
- 1Y
- 63.95%
- 3Y*
- 66.22%
- 5Y*
- -20.64%
- 10Y*
- —
AFRM
- 1D
- -0.48%
- 1M
- 0.53%
- YTD
- -11.10%
- 6M
- -1.61%
- 1Y
- 11.94%
- 3Y*
- 52.28%
- 5Y*
- -0.54%
- 10Y*
- —
CLOV vs. AFRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLOV Clover Health Investments, Corp. | 101.28% | -25.40% | 230.85% | 2.43% | -75.01% | -74.56% |
AFRM Affirm Holdings, Inc. | -11.10% | 22.22% | 23.93% | 408.17% | -90.38% | 10.63% |
Correlation
The correlation between CLOV and AFRM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
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 CLOV and AFRM shifts across timeframes, from 0.30 (3 years) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CLOV:
$2.47B
AFRM:
$23.03B
CLOV:
-$0.11
AFRM:
$1.10
CLOV:
1.10
AFRM:
7.18
CLOV:
7.28
AFRM:
6.09
CLOV:
$2.21B
AFRM:
$3.20B
CLOV:
$939.14M
AFRM:
$2.00B
CLOV:
-$55.21M
AFRM:
$908.84M
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Return for Risk
CLOV vs. AFRM — Risk / Return Rank
CLOV
AFRM
CLOV vs. AFRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clover Health Investments, Corp. (CLOV) 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.
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.
| CLOV | AFRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.16 | +0.96 |
| Martin ratioReturn relative to average drawdown | 2.02 | 0.31 | +1.71 |
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Drawdowns
CLOV vs. AFRM - Drawdown Comparison
The maximum CLOV drawdown since its inception was -97.19%, roughly equal to the maximum AFRM drawdown of -94.71%. Use the drawdown chart below to compare losses from any high point for CLOV and AFRM.
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Drawdown Indicators
| CLOV | AFRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.19% | -94.71% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -55.50% | -53.86% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -64.73% | -55.85% | -8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -95.50% | -94.71% | -0.79% |
Current DrawdownCurrent decline from peak | -78.65% | -60.73% | -17.92% |
Average DrawdownAverage peak-to-trough decline | -76.59% | -68.65% | -7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.46% | 27.04% | +3.42% |
Volatility
CLOV vs. AFRM - Volatility Comparison
Clover Health Investments, Corp. (CLOV) has a higher volatility of 26.03% compared to Affirm Holdings, Inc. (AFRM) at 17.80%. This indicates that CLOV's price experiences larger fluctuations and is considered to be riskier than AFRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOV | AFRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.03% | 17.80% | +8.23% |
Volatility (6M)Calculated over the trailing 6-month period | 43.15% | 43.83% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.33% | 60.85% | +10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.38% | 96.23% | -18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.80% | 95.46% | -9.66% |
Dividends
CLOV vs. AFRM - Dividend Comparison
Neither CLOV nor AFRM has paid dividends to shareholders.
Financials
CLOV vs. AFRM - Financials Comparison
This section allows you to compare key financial metrics between Clover Health Investments, Corp. and Affirm Holdings, 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
CLOV vs. AFRM - Profitability Comparison
CLOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported a gross profit of 692.13M and revenue of 749.19M. Therefore, the gross margin over that period was 92.4%.
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%.
CLOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported an operating income of 27.33M and revenue of 749.19M, resulting in an operating margin of 3.7%.
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%.
CLOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported a net income of 27.33M and revenue of 749.19M, resulting in a net margin of 3.7%.
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
CLOV and AFRM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLOV has higher volatility (26.03%) compared to AFRM (17.80%). In terms of maximum drawdown, CLOV dropped -97.19% vs AFRM's -94.71%.
CLOV currently has the higher Sharpe Ratio (0.87 vs 0.14), 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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