AFRM vs VTI: Correlation
How closely do Affirm Holdings, Inc. (AFRM) and Vanguard Total Stock Market ETF (VTI) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRM and VTI?
Over the past 3 years, AFRM and VTI moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 611.5 %².
By 3-year correlation, VTI places #5 of the 17 assets tracked against AFRM. Correlation aside, the last 12 months split them widely, with VTI ahead by 20.8 points (-0.1% versus +20.7%). Note the risk asymmetry: AFRM runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VTI: side by side
| AFRM (Affirm Holdings, Inc.) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | -0.1% | +20.7% |
| 5-year return | -22.2% | +74.8% |
| Volatility (ann.) | 75.0% | 14.6% |
| Beta vs S&P 500 | 2.77 | 1.01 |
| Max drawdown (3Y) | -55.9% | -19.3% |
| Market cap | $26.0B | – |
| P/E (trailing) | 69.2 | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | AFRM | VTI |
|---|---|---|
| 2022 | -90.4% | -19.5% |
| 2023 | +408.2% | +26.0% |
| 2024 | +23.9% | +23.8% |
| 2025 | +22.2% | +17.1% |
| 2026 | +4.1% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRM and VTI good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AFRM and VTI?
As of 2026-08-27, the correlation of weekly returns between AFRM and VTI is 0.56 over 3 years, 0.57 over 1 year and 0.63 over 5 years.
Is VTI a good diversifier for AFRM?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afrm-vs-vti.json
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[](https://www.pairbook.io/pair/afrm-vs-vti/)
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Related comparisons
Hubs: AFRM correlations · VTI correlations
