AGEN vs. AAOI
AGEN (Agenus Inc.) and AAOI (Applied Optoelectronics, Inc.) are both stocks. AGEN operates in Biotechnology (Healthcare), while AAOI operates in Communication Equipment (Technology). Over the past 10 years, AGEN returned -23.86%/yr vs 25.27%/yr for AAOI. At a 0.24 correlation, their price movements are largely independent.
Performance
AGEN vs. AAOI - Performance Comparison
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Returns By Period
In the year-to-date period, AGEN achieves a 94.90% return, which is significantly lower than AAOI's 220.94% return. Over the past 10 years, AGEN has underperformed AAOI with an annualized return of -23.86%, while AAOI has yielded a comparatively higher 25.27% annualized return.
AGEN
- 1D
- 82.69%
- 1M
- 85.45%
- 6M
- 44.00%
- YTD
- 94.90%
- 1Y
- -13.31%
- 3Y*
- -44.19%
- 5Y*
- -43.74%
- 10Y*
- -23.86%
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%
AGEN vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGEN Agenus Inc. | 94.90% | 14.60% | -83.45% | -64.85% | -25.47% | 1.26% | -21.87% | 71.01% | -26.99% | -20.87% |
AAOI Applied Optoelectronics, Inc. | 220.94% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -28.37% | -23.01% | -59.20% | 61.35% |
Correlation
The correlation between AGEN and AAOI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.24 |
The correlation between AGEN and AAOI shifts across timeframes, from 0.13 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AGEN:
$254.85M
AAOI:
$8.98B
AGEN:
$0.72
AAOI:
-$0.62
AGEN:
1.75
AAOI:
15.42
AGEN:
$123.87M
AAOI:
$507.00M
AGEN:
$38.34M
AAOI:
$150.29M
AGEN:
$96.61M
AAOI:
-$26.44M
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Return for Risk
AGEN vs. AAOI — Risk / Return Rank
AGEN
AAOI
AGEN vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agenus Inc. (AGEN) and Applied Optoelectronics, Inc. (AAOI). 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.
| AGEN | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 5.94 | -6.16 |
| Martin ratioReturn relative to average drawdown | -0.30 | 14.74 | -15.04 |
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Drawdowns
AGEN vs. AAOI - Drawdown Comparison
The maximum AGEN drawdown since its inception was -99.98%, roughly equal to the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for AGEN and AAOI.
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Drawdown Indicators
| AGEN | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -98.49% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -59.44% | -49.85% | -9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -95.72% | -77.17% | -18.55% |
Max Drawdown (5Y)Largest decline over 5 years | -98.84% | -82.64% | -16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | -98.49% | -0.47% |
Current DrawdownCurrent decline from peak | -99.90% | -49.85% | -50.05% |
Average DrawdownAverage peak-to-trough decline | -93.69% | -65.50% | -28.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.74% | 20.05% | +25.69% |
Volatility
AGEN vs. AAOI - Volatility Comparison
Agenus Inc. (AGEN) has a higher volatility of 63.75% compared to Applied Optoelectronics, Inc. (AAOI) at 32.43%. This indicates that AGEN's price experiences larger fluctuations and is considered to be riskier than AAOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGEN | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 63.75% | 32.43% | +31.32% |
Volatility (6M)Calculated over the trailing 6-month period | 88.21% | 107.89% | -19.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.35% | 139.62% | -24.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.08% | 120.21% | -17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.46% | 98.70% | -11.24% |
Dividends
AGEN vs. AAOI - Dividend Comparison
Neither AGEN nor AAOI has paid dividends to shareholders.
Financials
AGEN vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between Agenus Inc. and Applied Optoelectronics, 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
AGEN vs. AAOI - Profitability Comparison
AGEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Agenus Inc. reported a gross profit of 0.00 and revenue of 33.74M. Therefore, the gross margin over that period was 0.0%.
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%.
AGEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Agenus Inc. reported an operating income of 15.05M and revenue of 33.74M, resulting in an operating margin of 44.6%.
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%.
AGEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Agenus Inc. reported a net income of 0.00 and revenue of 33.74M, resulting in a net margin of 0.0%.
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%.
Frequently Asked Questions
AGEN and AAOI have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGEN has higher volatility (63.75%) compared to AAOI (32.43%). In terms of maximum drawdown, AGEN dropped -99.98% vs AAOI's -98.49%.
AAOI currently has the higher Sharpe Ratio (2.12 vs -0.12), 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.
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