AAOI vs. DAC
AAOI (Applied Optoelectronics, Inc.) and DAC (Danaos Corporation) are both stocks. AAOI operates in Semiconductors (Technology), while DAC operates in Marine Shipping (Industrials). Over the past 10 years, AAOI returned 32.75%/yr vs 13.38%/yr for DAC. At a 0.17 correlation, their price movements are largely independent.
Performance
AAOI vs. DAC - 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 DAC's 41.54% return. Over the past 10 years, AAOI has outperformed DAC with an annualized return of 32.75%, while DAC has yielded a comparatively lower 13.38% annualized 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%
DAC
- 1D
- 0.95%
- 1M
- -0.53%
- YTD
- 41.54%
- 6M
- 41.94%
- 1Y
- 52.23%
- 3Y*
- 31.85%
- 5Y*
- 16.62%
- 10Y*
- 13.38%
AAOI vs. DAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 384.94% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -28.37% | -23.01% | -59.20% | 61.35% |
DAC Danaos Corporation | 41.54% | 22.24% | 12.41% | 47.51% | -26.57% | 256.10% | 133.44% | -12.57% | -48.28% | -45.28% |
Correlation
The correlation between AAOI and DAC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.17 |
Fundamentals
AAOI:
$12.84B
DAC:
$2.39B
AAOI:
-$0.65
DAC:
$28.34
AAOI:
22.21
DAC:
2.31
AAOI:
11.61
DAC:
0.61
AAOI:
$507.00M
DAC:
$1.04B
AAOI:
$150.29M
DAC:
$705.76M
AAOI:
-$26.44M
DAC:
$739.01M
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Return for Risk
AAOI vs. DAC — Risk / Return Rank
AAOI
DAC
AAOI vs. DAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and Danaos Corporation (DAC). 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 | DAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.42 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 19.07 | 4.52 | +14.55 |
| Martin ratioReturn relative to average drawdown | 52.70 | 14.35 | +38.35 |
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Drawdowns
AAOI vs. DAC - Drawdown Comparison
The maximum AAOI drawdown since its inception was -98.49%, roughly equal to the maximum DAC drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for AAOI and DAC.
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Drawdown Indicators
| AAOI | DAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -99.42% | +0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -47.64% | -12.58% | -35.06% |
Max Drawdown (3Y)Largest decline over 3 years | -77.17% | -28.87% | -48.30% |
Max Drawdown (5Y)Largest decline over 5 years | -83.07% | -50.14% | -32.93% |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | -95.81% | -2.68% |
Current DrawdownCurrent decline from peak | -24.23% | -66.36% | +42.13% |
Average DrawdownAverage peak-to-trough decline | -65.67% | -80.43% | +14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.21% | 3.95% | +13.26% |
Volatility
AAOI vs. DAC - Volatility Comparison
Applied Optoelectronics, Inc. (AAOI) has a higher volatility of 40.42% compared to Danaos Corporation (DAC) at 6.04%. This indicates that AAOI's price experiences larger fluctuations and is considered to be riskier than DAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAOI | DAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.42% | 6.04% | +34.38% |
Volatility (6M)Calculated over the trailing 6-month period | 109.93% | 16.51% | +93.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.42% | 21.41% | +118.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.31% | 34.36% | +84.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.26% | 65.00% | +33.26% |
Dividends
AAOI vs. DAC - Dividend Comparison
AAOI has not paid dividends to shareholders, while DAC's dividend yield for the trailing twelve months is around 2.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DAC Danaos Corporation | 2.70% | 3.66% | 4.06% | 4.12% | 5.70% | 2.01% |
Financials
AAOI vs. DAC - Financials Comparison
This section allows you to compare key financial metrics between Applied Optoelectronics, Inc. and Danaos Corporation. 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. DAC - Profitability Comparison
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
DAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported a gross profit of 150.55M and revenue of 253.70M. Therefore, the gross margin over that period was 59.3%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
DAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported an operating income of 125.20M and revenue of 253.70M, resulting in an operating margin of 49.4%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a net income of -14.28M and revenue of 151.14M, resulting in a net margin of -9.5%.
DAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported a net income of 140.42M and revenue of 253.70M, resulting in a net margin of 55.4%.
Frequently Asked Questions
AAOI and DAC have a correlation of 0.14, 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 DAC (6.04%). In terms of maximum drawdown, AAOI dropped -98.49% vs DAC's -99.42%.
AAOI currently has the higher Sharpe Ratio (6.52 vs 2.66), 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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