AAOI vs. OLMA
AAOI (Applied Optoelectronics, Inc.) and OLMA (Olema Pharmaceuticals, Inc.) are both stocks. AAOI operates in Communication Equipment (Technology), while OLMA operates in Biotechnology (Healthcare). Over the past 5 years, AAOI returned 71.14%/yr vs -13.38%/yr for OLMA. At a 0.21 correlation, their price movements are largely independent.
Performance
AAOI vs. OLMA - Performance Comparison
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Returns By Period
In the year-to-date period, AAOI achieves a 220.94% return, which is significantly higher than OLMA's -52.60% 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%
OLMA
- 1D
- -0.50%
- 1M
- 20.06%
- 6M
- -58.84%
- YTD
- -52.60%
- 1Y
- 154.84%
- 3Y*
- 13.10%
- 5Y*
- -13.38%
- 10Y*
- —
AAOI vs. OLMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 220.94% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | 12.86% |
OLMA Olema Pharmaceuticals, Inc. | -52.60% | 328.82% | -58.45% | 472.65% | -73.82% | -80.53% | 6.84% |
Correlation
The correlation between AAOI and OLMA is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2020 | 0.21 |
The correlation between AAOI and OLMA shifts across timeframes, from 0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AAOI:
$8.98B
OLMA:
$1.04B
AAOI:
-$0.62
OLMA:
-$1.98
AAOI:
7.69
OLMA:
2.54
AAOI:
$507.00M
OLMA:
$0.00
AAOI:
$150.29M
OLMA:
-$187.00K
AAOI:
-$26.44M
OLMA:
-$197.79M
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Return for Risk
AAOI vs. OLMA — Risk / Return Rank
AAOI
OLMA
AAOI vs. OLMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and Olema Pharmaceuticals, Inc. (OLMA). 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 | OLMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.94 | 2.10 | +3.84 |
| Martin ratioReturn relative to average drawdown | 14.74 | 3.90 | +10.84 |
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Drawdowns
AAOI vs. OLMA - Drawdown Comparison
The maximum AAOI drawdown since its inception was -98.49%, roughly equal to the maximum OLMA drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for AAOI and OLMA.
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Drawdown Indicators
| AAOI | OLMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -96.26% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -49.85% | -74.35% | +24.50% |
Max Drawdown (3Y)Largest decline over 3 years | -77.17% | -82.15% | +4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -82.64% | -93.36% | +10.72% |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | — | — |
Current DrawdownCurrent decline from peak | -49.85% | -78.26% | +28.41% |
Average DrawdownAverage peak-to-trough decline | -65.50% | -75.02% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.05% | 39.87% | -19.82% |
Volatility
AAOI vs. OLMA - Volatility Comparison
Applied Optoelectronics, Inc. (AAOI) has a higher volatility of 32.43% compared to Olema Pharmaceuticals, Inc. (OLMA) at 15.95%. This indicates that AAOI's price experiences larger fluctuations and is considered to be riskier than OLMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAOI | OLMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.43% | 15.95% | +16.48% |
Volatility (6M)Calculated over the trailing 6-month period | 107.89% | 53.40% | +54.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.62% | 160.28% | -20.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.21% | 107.90% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.70% | 105.75% | -7.05% |
Dividends
AAOI vs. OLMA - Dividend Comparison
Neither AAOI nor OLMA has paid dividends to shareholders.
Financials
AAOI vs. OLMA - Financials Comparison
This section allows you to compare key financial metrics between Applied Optoelectronics, Inc. and Olema Pharmaceuticals, 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
Frequently Asked Questions
AAOI and OLMA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (32.43%) compared to OLMA (15.95%). In terms of maximum drawdown, AAOI dropped -98.49% vs OLMA's -96.26%.
AAOI currently has the higher Sharpe Ratio (2.12 vs 0.97), 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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