AFRM vs SPY

Comparison between Affirm Holdings Inc - Class A (AFRM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed AFRM, delivering a return of +13.3% compared to +3.5%

AFRM vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AFRM(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$22B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	94.71%	56.47%
Sharpe Ratio	0.60	2.07
5Y Beta	2.43	1.00
Industry	Credit Services	N/A
P/E Ratio	73.68	28.24
Forward P/E	39.22	21.85
PEG Ratio	0.81	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	254.01%	22.35%
Free Cash Flow Yield	2.82%	N/A
P/S Ratio	5.99	3.55
P/B Ratio	6.30	5.29

Market Cap / Net Assets

AFRM

$22B

Winner

SPY

$652B

Expense Ratio

AFRM

N/A

SPY

0.09%

Max Drawdown

AFRM

94.71%

Winner

SPY

56.47%

Sharpe Ratio

AFRM

0.60

Winner

SPY

2.07

5Y Beta

AFRM

2.43

Winner

SPY

1.00

Industry

AFRM

Credit Services

SPY

N/A

P/E Ratio

AFRM

73.68

Winner

SPY

28.24

Forward P/E

AFRM

39.22

Winner

SPY

21.85

PEG Ratio

AFRM

0.81

SPY

N/A

5Y Dividends CAGR

AFRM

N/A

SPY

5.43%

5Y EPS CAGR

AFRM

N/A

SPY

25.79%

Debt to Equity

AFRM

254.01%

Winner

SPY

22.35%

Free Cash Flow Yield

AFRM

2.82%

SPY

N/A

P/S Ratio

AFRM

5.99

Winner

SPY

3.55

P/B Ratio

AFRM

6.30

Winner

SPY

5.29

AFRM vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	AFRM	SPY
1 month	+28.51%	+9.11%
3 months	+10.46%	+6.59%
6 months	-13.05%	+10.56%
1 year	+17.97%	+32.04%
5 years(CAGR)	+3.46%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	-7.57%	+8.50%

Winner

AFRM

+28.51%

SPY

+9.11%

Winner

AFRM

+10.46%

SPY

+6.59%

AFRM

-13.05%

Winner

SPY

+10.56%

AFRM

+17.97%

Winner

SPY

+32.04%

5Y(CAGR)

AFRM

+3.46%

Winner

SPY

+13.35%

10Y(CAGR)

AFRM

N/A

SPY

+15.49%

Max(CAGR)

AFRM

-7.57%

Winner

SPY

+8.50%

AFRM vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AFRM	SPY
2026	-13.54%	+8.27%
2025	+19.07%	+18.00%
2024	+30.69%	+25.59%
2023	+440.00%	+26.72%
2022	-89.84%	-18.64%
2021	+3.41%	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

AFRM vs SPY Drawdown Comparison

The maximum drawdown for AFRM was -94.71%, occurring on Dec 27, 2022. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current AFRM drawdown is -62.02%.

Rank	AFRM	SPY
#1	-94.71% Nov 4, 2021 - Dec 27, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-65.45% Feb 11, 2021 - Oct 8, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-17.12% Jan 22, 2021 - Feb 8, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-9.22% Jan 15, 2021 - Jan 22, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-6.11% Oct 18, 2021 - Oct 25, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-6.06% Oct 29, 2021 - Nov 4, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-5.56% Oct 25, 2021 - Oct 28, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-4.36% Oct 8, 2021 - Oct 13, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.17% Oct 14, 2021 - Oct 18, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014