APLD vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Applied Digital Corporation (APLD) and Bitcoin (BTC-USD).

Performance

APLD vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Digital Corporation (APLD) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

APLD vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APLD Applied Digital Corporation	-0.12%	220.94%	13.35%	266.30%	-92.68%	11,789.90%	389.44%	-34.55%	64.99%	-33.33%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, APLD achieves a -0.12% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, APLD has outperformed BTC-USD with an annualized return of 76.46%, while BTC-USD has yielded a comparatively lower 66.45% annualized return.

APLD

• 1D: 3.16%
• 1M: -12.32%
• YTD: -0.12%
• 6M: -2.04%
• 1Y: 302.13%
• 3Y*: 121.95%
• 5Y*: 77.76%
• 10Y*: 76.46%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

APLD vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APLD

APLD Risk / Return Rank: 93
APLD Sharpe Ratio Rank: 93
APLD Sortino Ratio Rank: 92
APLD Omega Ratio Rank: 89
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APLD vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Bitcoin (BTC-USD). 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.

	APLD	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	2.42	-0.44	+2.86
Sortino ratio Return per unit of downside risk	3.07	-0.38	+3.45
Omega ratio Gain probability vs. loss probability	1.38	0.96	+0.42
Calmar ratio Return relative to maximum drawdown	6.67	-1.11	+7.78
Martin ratio Return relative to average drawdown	15.30	-1.99	+17.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APLD vs. BTC-USD - Sharpe Ratio Comparison

The current APLD Sharpe Ratio is 2.42, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of APLD and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APLD	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	-0.44	+2.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.05	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.97	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.19	-1.15

Correlation

The correlation between APLD and BTC-USD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

APLD vs. BTC-USD - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.70%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for APLD and BTC-USD.

Drawdown Indicators

	APLD	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-99.70%	-85.30%	-14.40%
Max Drawdown (1Y) Largest decline over 1 year	-50.31%	-49.65%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-97.10%	-76.67%	-20.43%
Max Drawdown (10Y) Largest decline over 10 years	-97.10%	-83.80%	-13.30%
Current Drawdown Current decline from peak	-40.77%	-45.02%	+4.25%
Average Drawdown Average peak-to-trough decline	-84.02%	-41.99%	-42.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.94%	27.60%	-5.66%

Volatility

APLD vs. BTC-USD - Volatility Comparison

Applied Digital Corporation (APLD) has a higher volatility of 31.91% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APLD	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.91%	13.58%	+18.33%
Volatility (6M) Calculated over the trailing 6-month period	77.80%	35.98%	+41.82%
Volatility (1Y) Calculated over the trailing 1-year period	126.26%	36.76%	+89.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.86%	46.90%	+140.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.74%	56.70%	+239.04%