AFRM vs BOF: Correlation
Affirm Holdings, Inc. (AFRM) and BranchOut Food Inc. (BOF) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRM and BOF?
On 3 years of weekly data the AFRM/BOF correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3791.9 %².
BOF is close to the least connected end of AFRM's tracked universe, ranking #14 of 17. Their recent paths diverged sharply: over the last 12 months BOF outperformed by 97.2 percentage points (-0.1% for AFRM against +97.1% for BOF). Risk is not evenly split, since BOF carries 2.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AFRM vs BOF: side by side
| AFRM (Affirm Holdings, Inc.) | BOF (BranchOut Food Inc.) | |
|---|---|---|
| 1-year return | -0.1% | +97.1% |
| 5-year return | -22.2% | n/a |
| Volatility (ann.) | 75.0% | 162.9% |
| Beta vs S&P 500 | 2.77 | 1.19 |
| Max drawdown (3Y) | -55.9% | -76.8% |
| Market cap | $26.0B | $0.1B |
| P/E (trailing) | 69.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRM | BOF |
|---|---|---|
| 2022 | -90.4% | – |
| 2023 | +408.2% | – |
| 2024 | +23.9% | +43.0% |
| 2025 | +22.2% | +83.8% |
| 2026 | +4.1% | +30.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRM and BOF good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFRM and BOF?
The AFRM/BOF correlation stands at 0.31 on a 3-year window (1 year: 0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is BOF a good diversifier for AFRM?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afrm-vs-bof.json
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[](https://www.pairbook.io/pair/afrm-vs-bof/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFRM correlations · BOF correlations
