AAOI vs. MPTI
AAOI (Applied Optoelectronics, Inc.) and MPTI (M-tron Industries Inc) are both stocks. Both are in the Technology sector — AAOI in Communication Equipment, MPTI in Electronic Components. Over the past 3 years, AAOI returned 223.87%/yr vs 111.62%/yr for MPTI. At a 0.14 correlation, their price movements are largely independent.
Performance
AAOI vs. MPTI - Performance Comparison
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Returns By Period
In the year-to-date period, AAOI achieves a 322.95% return, which is significantly higher than MPTI's 75.10% return.
AAOI
- 1D
- -13.89%
- 1M
- -18.76%
- YTD
- 322.95%
- 6M
- 262.80%
- 1Y
- 553.26%
- 3Y*
- 223.87%
- 5Y*
- 77.36%
- 10Y*
- 31.11%
MPTI
- 1D
- -2.38%
- 1M
- 12.28%
- YTD
- 75.10%
- 6M
- 86.68%
- 1Y
- 132.05%
- 3Y*
- 111.62%
- 5Y*
- —
- 10Y*
- —
AAOI vs. MPTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 322.95% | -5.43% | 90.79% | 922.22% | -30.51% |
MPTI M-tron Industries Inc | 75.10% | 31.87% | 35.66% | 308.00% | 9.37% |
Correlation
The correlation between AAOI and MPTI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022 | 0.14 |
Fundamentals
AAOI:
$11.20B
MPTI:
$332.88M
AAOI:
-$0.65
MPTI:
$2.86
AAOI:
19.37
MPTI:
5.32
AAOI:
10.13
MPTI:
4.56
AAOI:
$507.00M
MPTI:
$56.37M
AAOI:
$150.29M
MPTI:
$25.34M
AAOI:
-$26.44M
MPTI:
$12.24M
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Return for Risk
AAOI vs. MPTI — Risk / Return Rank
AAOI
MPTI
AAOI vs. MPTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and M-tron Industries Inc (MPTI). 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 | MPTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 11.72 | 5.74 | +5.98 |
| Martin ratioReturn relative to average drawdown | 31.59 | 18.82 | +12.77 |
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Drawdowns
AAOI vs. MPTI - Drawdown Comparison
The maximum AAOI drawdown since its inception was -98.49%, which is greater than MPTI's maximum drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for AAOI and MPTI.
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Drawdown Indicators
| AAOI | MPTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -49.99% | -48.50% |
Max Drawdown (1Y)Largest decline over 1 year | -47.64% | -23.16% | -24.48% |
Max Drawdown (3Y)Largest decline over 3 years | -77.17% | -49.99% | -27.18% |
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 | -33.91% | -6.27% | -27.64% |
Average DrawdownAverage peak-to-trough decline | -65.59% | -18.67% | -46.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.63% | 7.05% | +10.58% |
Volatility
AAOI vs. MPTI - Volatility Comparison
Applied Optoelectronics, Inc. (AAOI) has a higher volatility of 44.17% compared to M-tron Industries Inc (MPTI) at 10.61%. This indicates that AAOI's price experiences larger fluctuations and is considered to be riskier than MPTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAOI | MPTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.17% | 10.61% | +33.56% |
Volatility (6M)Calculated over the trailing 6-month period | 110.93% | 39.78% | +71.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.67% | 52.50% | +86.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.83% | 77.56% | +42.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.56% | 77.56% | +21.00% |
Dividends
AAOI vs. MPTI - Dividend Comparison
Neither AAOI nor MPTI has paid dividends to shareholders.
Financials
AAOI vs. MPTI - Financials Comparison
This section allows you to compare key financial metrics between Applied Optoelectronics, Inc. and M-tron Industries 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. MPTI - 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%.
MPTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, M-tron Industries Inc reported a gross profit of 6.59M and revenue of 14.69M. Therefore, the gross margin over that period was 44.9%.
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%.
MPTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, M-tron Industries Inc reported an operating income of 2.61M and revenue of 14.69M, resulting in an operating margin of 17.8%.
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%.
MPTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, M-tron Industries Inc reported a net income of 2.39M and revenue of 14.69M, resulting in a net margin of 16.3%.
Frequently Asked Questions
AAOI and MPTI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (44.17%) compared to MPTI (10.61%). In terms of maximum drawdown, AAOI dropped -98.49% vs MPTI's -49.99%.
AAOI currently has the higher Sharpe Ratio (4.03 vs 2.53), 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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