APLD vs. CORZ

Last updated Apr 1, 2026

Compare and contrast key facts about Applied Digital Corporation (APLD) and Core Scientific, Inc (CORZ).

Performance

APLD vs. CORZ - Performance Comparison

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

APLD vs. CORZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APLD Applied Digital Corporation	-3.18%	220.94%	59.83%
CORZ Core Scientific, Inc	2.75%	3.63%	308.43%

Fundamentals

Market Cap APLD : $6.33B CORZ : $6.95B
EPS APLD : -$0.51 CORZ : -$0.79
PS Ratio APLD : 20.33 CORZ : 17.21
Total Revenue (TTM) APLD : $281.74M CORZ : $319.02M
Gross Profit (TTM) APLD : $46.19M CORZ : $37.90M
EBITDA (TTM) APLD : -$49.02M CORZ : -$162.48M

Returns By Period

In the year-to-date period, APLD achieves a -3.18% return, which is significantly lower than CORZ's 2.75% return.

APLD

• 1D: 15.55%
• 1M: -12.94%
• YTD: -3.18%
• 6M: 3.49%
• 1Y: 322.42%
• 3Y*: 119.66%
• 5Y*: 76.65%
• 10Y*: 75.92%

CORZ

• 1D: 7.55%
• 1M: -11.84%
• YTD: 2.75%
• 6M: -16.61%
• 1Y: 106.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

APLD vs. CORZ — Risk / Return Rank

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

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 95
APLD Sortino Ratio Rank: 93
APLD Omega Ratio Rank: 90
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

CORZ

CORZ Risk / Return Rank: 81
CORZ Sharpe Ratio Rank: 83
CORZ Sortino Ratio Rank: 81
CORZ Omega Ratio Rank: 79
CORZ Calmar Ratio Rank: 82
CORZ Martin Ratio Rank: 77

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. CORZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Core Scientific, Inc (CORZ). 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	CORZ	Difference
Sharpe ratio Return per unit of total volatility	2.57	1.40	+1.17
Sortino ratio Return per unit of downside risk	3.14	2.15	+1.00
Omega ratio Gain probability vs. loss probability	1.39	1.27	+0.12
Calmar ratio Return relative to maximum drawdown	6.26	2.45	+3.81
Martin ratio Return relative to average drawdown	14.46	4.83	+9.63
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. CORZ - Sharpe Ratio Comparison

The current APLD Sharpe Ratio is 2.57, which is higher than the CORZ Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of APLD and CORZ, 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	CORZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	1.40	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.11	-1.07

Correlation

The correlation between APLD and CORZ is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

APLD vs. CORZ - Dividend Comparison

Neither APLD nor CORZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

APLD vs. CORZ - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.70%, which is greater than CORZ's maximum drawdown of -64.95%. Use the drawdown chart below to compare losses from any high point for APLD and CORZ.

Drawdown Indicators

	APLD	CORZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.70%	-64.95%	-34.75%
Max Drawdown (1Y) Largest decline over 1 year	-50.31%	-40.74%	-9.57%
Max Drawdown (5Y) Largest decline over 5 years	-97.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.10%	—	—
Current Drawdown Current decline from peak	-42.59%	-34.67%	-7.92%
Average Drawdown Average peak-to-trough decline	-84.03%	-20.94%	-63.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.79%	20.71%	+1.08%

Volatility

APLD vs. CORZ - Volatility Comparison

Applied Digital Corporation (APLD) has a higher volatility of 32.29% compared to Core Scientific, Inc (CORZ) at 21.49%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than CORZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APLD	CORZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.29%	21.49%	+10.80%
Volatility (6M) Calculated over the trailing 6-month period	77.82%	48.39%	+29.43%
Volatility (1Y) Calculated over the trailing 1-year period	126.27%	76.50%	+49.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.90%	87.19%	+100.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.81%	87.19%	+208.62%

Financials