APLD vs. BTDR
APLD (Applied Digital Corporation) and BTDR (Bitdeer Technologies Group Class A Ordinary Shares) are both stocks. Both are in the Technology sector — APLD in Information Technology Services, BTDR in Software - Application. Over the past 3 years, APLD returned 41.02%/yr vs 3.63%/yr for BTDR. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
APLD vs. BTDR - Performance Comparison
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Returns By Period
In the year-to-date period, APLD achieves a 7.57% return, which is significantly higher than BTDR's 1.25% return.
APLD
- 1D
- -3.00%
- 1M
- -32.65%
- 6M
- -27.10%
- YTD
- 7.57%
- 1Y
- 145.35%
- 3Y*
- 41.02%
- 5Y*
- 84.31%
- 10Y*
- 110.56%
- ALL TIME*
- 25.92%
BTDR
- 1D
- -1.82%
- 1M
- -33.82%
- 6M
- -18.35%
- YTD
- 1.25%
- 1Y
- -22.47%
- 3Y*
- 3.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $550.39M | $564.06M | $818.39M | |
| $77.44M | $112.46M | $147.99M |
APLD vs. BTDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
APLD Applied Digital Corporation | 7.57% | 220.94% | 13.35% | 113.97% |
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 1.25% | -48.27% | 119.78% | 20.10% |
Correlation
The correlation between APLD and BTDR is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2023 | 0.47 |
The correlation between APLD and BTDR shifts across timeframes, from 0.47 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
APLD:
$7.54B
BTDR:
$2.65B
APLD:
-$0.91
BTDR:
-$2.13
APLD:
11.65
BTDR:
3.64
APLD:
4.40
BTDR:
3.63
APLD:
$611.31M
BTDR:
$739.06M
APLD:
$214.45M
BTDR:
$25.18M
APLD:
-$158.14M
BTDR:
$59.65M
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Return for Risk
APLD vs. BTDR — Risk / Return Rank
APLD
BTDR
APLD vs. BTDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Bitdeer Technologies Group Class A Ordinary Shares (BTDR). 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.
| APLD | BTDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | -0.31 | +3.22 |
| Martin ratioReturn relative to average drawdown | 6.31 | -0.50 | +6.81 |
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Drawdowns
APLD vs. BTDR - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, which is greater than BTDR's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for APLD and BTDR.
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Drawdown Indicators
| APLD | BTDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -79.52% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -71.89% | +21.58% |
Max Drawdown (3Y)Largest decline over 3 years | -75.05% | -79.52% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | — | — |
Current DrawdownCurrent decline from peak | -46.88% | -56.51% | +9.63% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -43.66% | -30.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.12% | 45.33% | -22.21% |
Volatility
APLD vs. BTDR - Volatility Comparison
The current volatility for Applied Digital Corporation (APLD) is 22.81%, while Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a volatility of 30.39%. This indicates that APLD experiences smaller price fluctuations and is considered to be less risky than BTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | BTDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.81% | 30.39% | -7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 73.94% | 70.75% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.39% | 102.49% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.65% | 122.40% | +42.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.72% | 122.40% | +179.32% |
Dividends
APLD vs. BTDR - Dividend Comparison
Neither APLD nor BTDR has paid dividends to shareholders.
Financials
APLD vs. BTDR - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Bitdeer Technologies Group Class A Ordinary Shares. 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
APLD vs. BTDR - Profitability Comparison
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a gross profit of 126.00M and revenue of 293.87M. Therefore, the gross margin over that period was 42.9%.
BTDR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a gross profit of -39.04M and revenue of 188.93M. Therefore, the gross margin over that period was -20.7%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported an operating income of -114.82M and revenue of 293.87M, resulting in an operating margin of -39.1%.
BTDR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Bitdeer Technologies Group Class A Ordinary Shares reported an operating income of -86.73M and revenue of 188.93M, resulting in an operating margin of -45.9%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a net income of -111.58M and revenue of 293.87M, resulting in a net margin of -38.0%.
BTDR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Bitdeer Technologies Group Class A Ordinary Shares reported a net income of -159.53M and revenue of 188.93M, resulting in a net margin of -84.4%.
Frequently Asked Questions
APLD and BTDR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTDR has higher volatility (30.39%) compared to APLD (22.81%). In terms of maximum drawdown, APLD dropped -99.73% vs BTDR's -79.52%.
APLD currently has the higher Sharpe Ratio (1.36 vs -0.22), 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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