AFRM vs EXPE: Correlation
How closely do Affirm Holdings, Inc. (AFRM) and Expedia Group (EXPE) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRM and EXPE?
Across a 3-year window, the weekly returns of AFRM and EXPE correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 1613.4 %².
Within AFRM's tracked universe of 17 assets, EXPE comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXPE outperformed by 51.6 percentage points (-0.1% for AFRM against +51.5% for EXPE). Risk is not evenly split, since AFRM carries 1.8 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 EXPE: side by side
| AFRM (Affirm Holdings, Inc.) | EXPE (Expedia Group) | |
|---|---|---|
| 1-year return | -0.1% | +51.5% |
| 5-year return | -22.2% | +123.9% |
| Volatility (ann.) | 75.0% | 42.7% |
| Beta vs S&P 500 | 2.77 | 1.33 |
| Max drawdown (3Y) | -55.9% | -37.4% |
| Market cap | $26.0B | $38.3B |
| P/E (trailing) | 69.2 | 21.0 |
| Dividend yield | 0.00% | 0.53% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AFRM | EXPE |
|---|---|---|
| 2022 | -90.4% | -51.5% |
| 2023 | +408.2% | +73.3% |
| 2024 | +23.9% | +22.8% |
| 2025 | +22.2% | +53.3% |
| 2026 | +4.1% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRM and EXPE good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFRM and EXPE?
As of 2026-08-27, the correlation of weekly returns between AFRM and EXPE is 0.50 over 3 years, 0.57 over 1 year and 0.49 over 5 years.
Is EXPE a good diversifier for AFRM?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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-expe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afrm-vs-expe/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFRM correlations · EXPE correlations
