FLYW vs. AFRM
FLYW (Flywire Corporation) and AFRM (Affirm Holdings, Inc.) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 5 years, FLYW returned -13.54%/yr vs -0.54%/yr for AFRM. At a 0.49 correlation, their price movements are largely independent.
Performance
FLYW vs. AFRM - Performance Comparison
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Returns By Period
In the year-to-date period, FLYW achieves a 3.88% return, which is significantly higher than AFRM's -11.10% return.
FLYW
- 1D
- -0.47%
- 1M
- -7.08%
- YTD
- 3.88%
- 6M
- -0.41%
- 1Y
- 36.33%
- 3Y*
- -23.28%
- 5Y*
- -13.54%
- 10Y*
- —
AFRM
- 1D
- -0.48%
- 1M
- 4.16%
- YTD
- -11.10%
- 6M
- -1.61%
- 1Y
- 8.39%
- 3Y*
- 52.28%
- 5Y*
- -0.54%
- 10Y*
- —
FLYW vs. AFRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLYW Flywire Corporation | 3.88% | -31.33% | -10.93% | -5.39% | -35.71% | 11.94% |
AFRM Affirm Holdings, Inc. | -11.10% | 22.22% | 23.93% | 408.17% | -90.38% | 86.08% |
Correlation
The correlation between FLYW and AFRM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.49 |
The correlation between FLYW and AFRM shifts across timeframes, from 0.38 (3 years) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FLYW:
$1.88B
AFRM:
$23.03B
FLYW:
$99.12
AFRM:
$1.10
FLYW:
0.15
AFRM:
60.05
FLYW:
0.01
AFRM:
7.18
FLYW:
0.00
AFRM:
6.09
FLYW:
$188.60B
AFRM:
$3.20B
FLYW:
$299.78M
AFRM:
$2.00B
FLYW:
$11.02B
AFRM:
$908.84M
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Return for Risk
FLYW vs. AFRM — Risk / Return Rank
FLYW
AFRM
FLYW vs. AFRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flywire Corporation (FLYW) 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.
| FLYW | AFRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.16 | +1.14 |
| Martin ratioReturn relative to average drawdown | 3.39 | 0.31 | +3.08 |
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Drawdowns
FLYW vs. AFRM - Drawdown Comparison
The maximum FLYW drawdown since its inception was -84.40%, smaller than the maximum AFRM drawdown of -94.71%. Use the drawdown chart below to compare losses from any high point for FLYW and AFRM.
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Drawdown Indicators
| FLYW | AFRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -94.71% | +10.31% |
Max Drawdown (1Y)Largest decline over 1 year | -28.16% | -53.86% | +25.70% |
Max Drawdown (3Y)Largest decline over 3 years | -75.98% | -55.85% | -20.13% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -94.71% | +10.31% |
Current DrawdownCurrent decline from peak | -72.74% | -60.73% | -12.01% |
Average DrawdownAverage peak-to-trough decline | -56.06% | -68.65% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.75% | 27.04% | -16.29% |
Volatility
FLYW vs. AFRM - Volatility Comparison
The current volatility for Flywire Corporation (FLYW) is 13.08%, while Affirm Holdings, Inc. (AFRM) has a volatility of 17.80%. This indicates that FLYW experiences smaller price fluctuations and is considered to be less risky 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
| FLYW | AFRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 17.80% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 36.78% | 43.83% | -7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.88% | 60.85% | -13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.22% | 96.23% | -39.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.28% | 95.46% | -38.18% |
Dividends
FLYW vs. AFRM - Dividend Comparison
Neither FLYW nor AFRM has paid dividends to shareholders.
Financials
FLYW vs. AFRM - Financials Comparison
This section allows you to compare key financial metrics between Flywire Corporation 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
FLYW vs. AFRM - Profitability Comparison
FLYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported a gross profit of 0.00 and revenue of 188.11B. Therefore, the gross margin over that period was 0.0%.
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%.
FLYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported an operating income of 10.78B and revenue of 188.11B, resulting in an operating margin of 5.7%.
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%.
FLYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported a net income of 12.52B and revenue of 188.11B, resulting in a net margin of 6.7%.
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
FLYW and AFRM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFRM has higher volatility (17.80%) compared to FLYW (13.08%). In terms of maximum drawdown, FLYW dropped -84.40% vs AFRM's -94.71%.
FLYW currently has the higher Sharpe Ratio (0.78 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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