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APLD vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.1

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.

0.00%50,000,000.00%100,000,000.00%150,000,000.00%200,000,000.00%NovemberDecember2025FebruaryMarchApril
1,355.13%
189,291,037.73%
APLD
BTC-USD

Key characteristics

Sharpe Ratio

APLD:

0.47

BTC-USD:

1.90

Sortino Ratio

APLD:

1.73

BTC-USD:

2.52

Omega Ratio

APLD:

1.21

BTC-USD:

1.26

Calmar Ratio

APLD:

0.69

BTC-USD:

1.68

Martin Ratio

APLD:

2.52

BTC-USD:

8.54

Ulcer Index

APLD:

26.76%

BTC-USD:

11.32%

Daily Std Dev

APLD:

144.19%

BTC-USD:

42.81%

Max Drawdown

APLD:

-99.99%

BTC-USD:

-93.07%

Current Drawdown

APLD:

-95.77%

BTC-USD:

-11.73%

Returns By Period

In the year-to-date period, APLD achieves a -40.58% return, which is significantly lower than BTC-USD's 0.29% return. Over the past 10 years, APLD has outperformed BTC-USD with an annualized return of 89.46%, while BTC-USD has yielded a comparatively lower 82.48% annualized return.


APLD

YTD

-40.58%

1M

-38.98%

6M

-44.84%

1Y

52.35%

5Y*

179.92%

10Y*

89.46%

BTC-USD

YTD

0.29%

1M

7.12%

6M

37.47%

1Y

45.77%

5Y*

65.44%

10Y*

82.48%

*Annualized

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Risk-Adjusted Performance

APLD vs. BTC-USD — Risk-Adjusted Performance Rank

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

APLD
The Risk-Adjusted Performance Rank of APLD is 7777
Overall Rank
The Sharpe Ratio Rank of APLD is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of APLD is 8383
Sortino Ratio Rank
The Omega Ratio Rank of APLD is 7878
Omega Ratio Rank
The Calmar Ratio Rank of APLD is 7878
Calmar Ratio Rank
The Martin Ratio Rank of APLD is 7777
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9191
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8787
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8888
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

APLD vs. BTC-USD - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for APLD, currently valued at 0.13, compared to the broader market-2.00-1.000.001.002.003.00
APLD: 0.13
BTC-USD: 2.02
The chart of Sortino ratio for APLD, currently valued at 1.42, compared to the broader market-6.00-4.00-2.000.002.004.00
APLD: 1.42
BTC-USD: 2.62
The chart of Omega ratio for APLD, currently valued at 1.17, compared to the broader market0.501.001.502.00
APLD: 1.17
BTC-USD: 1.27
The chart of Calmar ratio for APLD, currently valued at 0.06, compared to the broader market0.001.002.003.004.005.00
APLD: 0.06
BTC-USD: 1.81
The chart of Martin ratio for APLD, currently valued at 0.77, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
APLD: 0.77
BTC-USD: 9.04

The current APLD Sharpe Ratio is 0.47, which is lower than the BTC-USD Sharpe Ratio of 1.90. 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.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.13
2.02
APLD
BTC-USD

Drawdowns

APLD vs. BTC-USD - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.99%, which is greater than BTC-USD's maximum drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for APLD and BTC-USD. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-85.05%
-11.73%
APLD
BTC-USD

Volatility

APLD vs. BTC-USD - Volatility Comparison

Applied Digital Corporation (APLD) has a higher volatility of 56.97% compared to Bitcoin (BTC-USD) at 16.27%. 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.


10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
56.97%
16.27%
APLD
BTC-USD