APLD vs. BTC-USD
Compare and contrast key facts about Applied Digital Corporation (APLD) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APLD or BTC-USD.
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.
Performance
APLD vs. BTC-USD - Performance Comparison
Key characteristics
APLD:
0.47
BTC-USD:
1.90
APLD:
1.73
BTC-USD:
2.52
APLD:
1.21
BTC-USD:
1.26
APLD:
0.69
BTC-USD:
1.68
APLD:
2.52
BTC-USD:
8.54
APLD:
26.76%
BTC-USD:
11.32%
APLD:
144.19%
BTC-USD:
42.81%
APLD:
-99.99%
BTC-USD:
-93.07%
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
-40.58%
-38.98%
-44.84%
52.35%
179.92%
89.46%
BTC-USD
0.29%
7.12%
37.47%
45.77%
65.44%
82.48%
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Risk-Adjusted Performance
APLD vs. BTC-USD — Risk-Adjusted Performance Rank
APLD
BTC-USD
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.
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.
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.