ROKU vs. AFRM
ROKU (Roku, Inc.) and AFRM (Affirm Holdings, Inc.) are both stocks. ROKU operates in Entertainment (Communication Services), while AFRM operates in Information Technology Services (Technology). Over the past 5 years, ROKU returned -19.48%/yr vs 4.89%/yr for AFRM. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
ROKU vs. AFRM - Performance Comparison
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Returns By Period
In the year-to-date period, ROKU achieves a 33.66% return, which is significantly higher than AFRM's -3.92% return.
ROKU
- 1D
- -0.06%
- 1M
- 1.81%
- 6M
- 52.32%
- YTD
- 33.66%
- 1Y
- 81.31%
- 3Y*
- 14.15%
- 5Y*
- -19.48%
- 10Y*
- —
- ALL TIME*
- 28.53%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $252.44M | $283.73M | $329.04M | |
ROKU Roku, Inc. | $351.29M | $393.75M | $580.85M |
ROKU vs. AFRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ROKU Roku, Inc. | 33.66% | 45.94% | -18.90% | 125.21% | -82.16% | -45.05% |
AFRM Affirm Holdings, Inc. | -3.92% | 22.22% | 23.93% | 408.17% | -90.38% | 10.63% |
Correlation
The correlation between ROKU and AFRM is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.57 |
The correlation between ROKU and AFRM shifts across timeframes, from 0.43 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ROKU:
$21.51B
AFRM:
$23.95B
ROKU:
$1.33
AFRM:
$1.10
ROKU:
108.85
AFRM:
65.18
ROKU:
4.42
AFRM:
7.79
ROKU:
8.20
AFRM:
6.58
ROKU:
$4.97B
AFRM:
$3.20B
ROKU:
$2.19B
AFRM:
$2.00B
ROKU:
$280.30M
AFRM:
$908.84M
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Return for Risk
ROKU vs. AFRM — Risk / Return Rank
ROKU
AFRM
ROKU vs. AFRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roku, Inc. (ROKU) 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.
| ROKU | AFRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.08 | +1.88 |
| Martin ratioReturn relative to average drawdown | 5.65 | 0.16 | +5.49 |
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Drawdowns
ROKU vs. AFRM - Drawdown Comparison
The maximum ROKU drawdown since its inception was -91.91%, roughly equal to the maximum AFRM drawdown of -94.71%. Use the drawdown chart below to compare losses from any high point for ROKU and AFRM.
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Drawdown Indicators
| ROKU | AFRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.91% | -94.71% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -27.69% | -53.86% | +26.17% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -55.85% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -90.77% | -94.71% | +3.94% |
Current DrawdownCurrent decline from peak | -69.76% | -57.57% | -12.19% |
Average DrawdownAverage peak-to-trough decline | -53.10% | -68.30% | +15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.83% | 27.69% | -17.86% |
Volatility
ROKU vs. AFRM - Volatility Comparison
The current volatility for Roku, Inc. (ROKU) is 3.43%, while Affirm Holdings, Inc. (AFRM) has a volatility of 11.99%. This indicates that ROKU 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
| ROKU | AFRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 11.99% | -8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 34.40% | 42.76% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.83% | 62.28% | -15.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.52% | 96.24% | -29.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.91% | 94.69% | -19.78% |
Dividends
ROKU vs. AFRM - Dividend Comparison
Neither ROKU nor AFRM has paid dividends to shareholders.
Financials
ROKU vs. AFRM - Financials Comparison
This section allows you to compare key financial metrics between Roku, Inc. 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
ROKU vs. AFRM - Profitability Comparison
ROKU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Roku, Inc. reported a gross profit of 564.94M and revenue of 1.25B. Therefore, the gross margin over that period was 45.2%.
AFRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
ROKU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Roku, Inc. reported an operating income of 51.77M and revenue of 1.25B, resulting in an operating margin of 4.2%.
AFRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Affirm Holdings, Inc. reported an operating income of 88.43M and revenue of 268.03M, resulting in an operating margin of 33.0%.
ROKU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Roku, Inc. reported a net income of 85.70M and revenue of 1.25B, resulting in a net margin of 6.9%.
AFRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
ROKU and AFRM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFRM has higher volatility (11.99%) compared to ROKU (3.43%). In terms of maximum drawdown, ROKU dropped -91.91% vs AFRM's -94.71%.
ROKU currently has the higher Sharpe Ratio (1.16 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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