AAOI vs. AIP
AAOI (Applied Optoelectronics, Inc.) and AIP (Arteris, Inc.) are both stocks. Both are in the Technology sector — AAOI in Communication Equipment, AIP in Semiconductors. Over the past 3 years, AAOI returned 130.46%/yr vs 63.37%/yr for AIP. At a 0.38 correlation, their price movements are largely independent.
Performance
AAOI vs. AIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAOI achieves a 220.94% return, which is significantly higher than AIP's 111.55% return.
AAOI
- 1D
- -6.70%
- 1M
- -33.82%
- 6M
- 231.79%
- YTD
- 220.94%
- 1Y
- 293.94%
- 3Y*
- 130.46%
- 5Y*
- 71.14%
- 10Y*
- 25.27%
AIP
- 1D
- -5.69%
- 1M
- -20.02%
- 6M
- 88.77%
- YTD
- 111.55%
- 1Y
- 260.73%
- 3Y*
- 63.37%
- 5Y*
- —
- 10Y*
- —
AAOI vs. AIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 220.94% | -5.43% | 90.79% | 922.22% | -63.23% | -31.47% |
AIP Arteris, Inc. | 111.55% | 52.11% | 73.01% | 36.98% | -79.63% | 27.86% |
Correlation
The correlation between AAOI and AIP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021 | 0.38 |
The correlation between AAOI and AIP shifts across timeframes, from 0.38 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AAOI:
$8.98B
AIP:
$1.51B
AAOI:
-$0.62
AIP:
-$0.79
AAOI:
15.42
AIP:
18.74
AAOI:
7.69
AIP:
576.38
AAOI:
$507.00M
AIP:
$76.98M
AAOI:
$150.29M
AIP:
$68.36M
AAOI:
-$26.44M
AIP:
-$31.26M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAOI vs. AIP — Risk / Return Rank
AAOI
AIP
AAOI vs. AIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and Arteris, Inc. (AIP). 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 | AIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.94 | 7.39 | -1.45 |
| Martin ratioReturn relative to average drawdown | 14.74 | 15.52 | -0.79 |
Loading charts...
Drawdowns
AAOI vs. AIP - Drawdown Comparison
The maximum AAOI drawdown since its inception was -98.49%, which is greater than AIP's maximum drawdown of -87.63%. Use the drawdown chart below to compare losses from any high point for AAOI and AIP.
Loading charts...
Drawdown Indicators
| AAOI | AIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -87.63% | -10.86% |
Max Drawdown (1Y)Largest decline over 1 year | -49.85% | -35.54% | -14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -77.17% | -54.48% | -22.69% |
Max Drawdown (5Y)Largest decline over 5 years | -82.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | — | — |
Current DrawdownCurrent decline from peak | -49.85% | -32.52% | -17.33% |
Average DrawdownAverage peak-to-trough decline | -65.50% | -62.37% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.05% | 16.88% | +3.17% |
Volatility
AAOI vs. AIP - Volatility Comparison
The current volatility for Applied Optoelectronics, Inc. (AAOI) is 32.43%, while Arteris, Inc. (AIP) has a volatility of 37.67%. This indicates that AAOI experiences smaller price fluctuations and is considered to be less risky than AIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAOI | AIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.43% | 37.67% | -5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 107.89% | 56.41% | +51.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.62% | 93.43% | +46.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.21% | 81.27% | +38.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.70% | 81.27% | +17.43% |
Dividends
AAOI vs. AIP - Dividend Comparison
Neither AAOI nor AIP has paid dividends to shareholders.
Financials
AAOI vs. AIP - Financials Comparison
This section allows you to compare key financial metrics between Applied Optoelectronics, Inc. and Arteris, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AAOI vs. AIP - Profitability Comparison
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Applied Optoelectronics, Inc. reported a gross profit of 43.92M and revenue of 151.14M. Therefore, the gross margin over that period was 29.1%.
AIP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Arteris, Inc. reported a gross profit of 19.69M and revenue of 22.94M. Therefore, the gross margin over that period was 85.8%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
AIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Arteris, Inc. reported an operating income of -9.30M and revenue of 22.94M, resulting in an operating margin of -40.6%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Applied Optoelectronics, Inc. reported a net income of -14.28M and revenue of 151.14M, resulting in a net margin of -9.5%.
AIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Arteris, Inc. reported a net income of -7.96M and revenue of 22.94M, resulting in a net margin of -34.7%.
Frequently Asked Questions
AAOI and AIP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIP has higher volatility (37.67%) compared to AAOI (32.43%). In terms of maximum drawdown, AAOI dropped -98.49% vs AIP's -87.63%.
AIP currently has the higher Sharpe Ratio (2.82 vs 2.12), 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.
Find the right allocation for AAOI and AIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer