AAOI vs. AGEM
AAOI (Applied Optoelectronics, Inc.) is a stock, while AGEM (abrdn Emerging Markets Dividend Active ETF) is Emerging Markets Equities fund actively managed by abrdn. Over the past year, AAOI returned 992.76% vs 56.44% for AGEM. At a 0.41 correlation, their price movements are largely independent.
Performance
AAOI vs. AGEM - Performance Comparison
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Returns By Period
In the year-to-date period, AAOI achieves a 384.94% return, which is significantly higher than AGEM's 28.39% return.
AAOI
- 1D
- -2.16%
- 1M
- -16.96%
- YTD
- 384.94%
- 6M
- 427.29%
- 1Y
- 992.76%
- 3Y*
- 259.45%
- 5Y*
- 80.64%
- 10Y*
- 32.75%
AGEM
- 1D
- 0.40%
- 1M
- 1.36%
- YTD
- 28.39%
- 6M
- 30.42%
- 1Y
- 56.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAOI vs. AGEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAOI Applied Optoelectronics, Inc. | 384.94% | 34.59% |
AGEM abrdn Emerging Markets Dividend Active ETF | 28.39% | 29.73% |
Correlation
The correlation between AAOI and AGEM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025 | 0.41 |
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Return for Risk
AAOI vs. AGEM — Risk / Return Rank
AAOI
AGEM
AAOI vs. AGEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and abrdn Emerging Markets Dividend Active ETF (AGEM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAOI | AGEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.45 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 19.07 | 3.88 | +15.19 |
| Martin ratioReturn relative to average drawdown | 52.70 | 14.50 | +38.20 |
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Drawdowns
AAOI vs. AGEM - Drawdown Comparison
The maximum AAOI drawdown since its inception was -98.49%, which is greater than AGEM's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for AAOI and AGEM.
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Drawdown Indicators
| AAOI | AGEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -15.58% | -82.91% |
Max Drawdown (1Y)Largest decline over 1 year | -47.64% | -13.92% | -33.72% |
Max Drawdown (3Y)Largest decline over 3 years | -77.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -83.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | — | — |
Current DrawdownCurrent decline from peak | -24.23% | -3.82% | -20.41% |
Average DrawdownAverage peak-to-trough decline | -65.67% | -2.31% | -63.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.21% | 3.72% | +13.49% |
Volatility
AAOI vs. AGEM - Volatility Comparison
Applied Optoelectronics, Inc. (AAOI) has a higher volatility of 40.42% compared to abrdn Emerging Markets Dividend Active ETF (AGEM) at 10.95%. This indicates that AAOI's price experiences larger fluctuations and is considered to be riskier than AGEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAOI | AGEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.42% | 10.95% | +29.47% |
Volatility (6M)Calculated over the trailing 6-month period | 109.93% | 19.56% | +90.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.42% | 21.78% | +117.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.31% | 22.46% | +96.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.26% | 22.46% | +75.80% |
Dividends
AAOI vs. AGEM - Dividend Comparison
AAOI has not paid dividends to shareholders, while AGEM's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 |
|---|---|---|
AAOI Applied Optoelectronics, Inc. | 0.00% | 0.00% |
AGEM abrdn Emerging Markets Dividend Active ETF | 1.75% | 1.80% |
Frequently Asked Questions
AAOI and AGEM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (40.42%) compared to AGEM (10.95%). In terms of maximum drawdown, AAOI dropped -98.49% vs AGEM's -15.58%.
AAOI currently has the higher Sharpe Ratio (6.52 vs 2.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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