SQ2.AX vs. AFRM

Last updated Jun 5, 2026

SQ2.AX (Block, Inc.) and AFRM (Affirm Holdings, Inc.) are both stocks. Both are in the Technology sector — SQ2.AX in Software - Infrastructure, AFRM in Information Technology Services. At a 0.07 correlation, their price movements are largely independent.

Performance

SQ2.AX vs. AFRM - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Block, Inc. (SQ2.AX) and Affirm Holdings, Inc. (AFRM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SQ2.AX is traded in AUD, while AFRM is traded in USD. To make them comparable, the AFRM values have been converted to AUD using the latest available exchange rates.

Returns By Period

SQ2.AX

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

AFRM

• 1D: -6.27%
• 1M: -0.36%
• YTD: -19.07%
• 6M: -11.85%
• 1Y: 5.38%
• 3Y*: 56.12%
• 5Y*: 3.22%
• 10Y*: —

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

SQ2.AX vs. AFRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SQ2.AX Block, Inc.	0.00%	-37.25%	20.81%	26.93%	-47.95%
AFRM Affirm Holdings, Inc.	-19.07%	13.34%	36.40%	408.55%	-83.68%

Correlation

The correlation between SQ2.AX and AFRM is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022	0.07

Return for Risk

SQ2.AX 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: 48
AFRM Sharpe Ratio Rank: 50
AFRM Sortino Ratio Rank: 49
AFRM Omega Ratio Rank: 47
AFRM Calmar Ratio Rank: 48
AFRM Martin Ratio Rank: 47

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.

SQ2.AX vs. AFRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Block, Inc. (SQ2.AX) 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

	SQ2.AX	AFRM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.06	—

Drawdowns

Drawdown Indicators

	SQ2.AX	AFRM	Difference
Max Drawdown Largest peak-to-trough decline	—	-94.21%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-55.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-55.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.21%	—
Current Drawdown Current decline from peak	—	-60.36%	—
Average Drawdown Average peak-to-trough decline	—	-66.34%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.91%	—

Volatility

Volatility by Period

	SQ2.AX	AFRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	59.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	93.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	93.07%	—

Dividends

SQ2.AX vs. AFRM - Dividend Comparison

Neither SQ2.AX nor AFRM has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SQ2.AX and AFRM in my portfolio?

SQ2.AX and AFRM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.