APLD vs. LRCX
APLD (Applied Digital Corporation) and LRCX (Lam Research Corporation) are both stocks. Both are in the Technology sector — APLD in Information Technology Services, LRCX in Semiconductor Equipment & Materials. Over the past 10 years, APLD returned 111.35%/yr vs 43.64%/yr for LRCX. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
APLD vs. LRCX - Performance Comparison
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Returns By Period
In the year-to-date period, APLD achieves a 11.70% return, which is significantly lower than LRCX's 71.50% return. Over the past 10 years, APLD has outperformed LRCX with an annualized return of 111.35%, while LRCX has yielded a comparatively lower 43.64% annualized return.
APLD
- 1D
- -2.07%
- 1M
- -22.89%
- 6M
- -19.16%
- YTD
- 11.70%
- 1Y
- 108.45%
- 3Y*
- 43.55%
- 5Y*
- 84.53%
- 10Y*
- 111.35%
- ALL TIME*
- 26.17%
LRCX
- 1D
- -1.58%
- 1M
- -25.11%
- 6M
- 25.75%
- YTD
- 71.50%
- 1Y
- 210.67%
- 3Y*
- 61.40%
- 5Y*
- 37.09%
- 10Y*
- 43.64%
- ALL TIME*
- 23.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $653.03M | $590.08M | $826.73M | |
| $3.65B | $3.82B | $3.92B |
APLD vs. LRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 11.70% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
LRCX Lam Research Corporation | 71.50% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
Correlation
The correlation between APLD and LRCX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.12 |
Over the past year, APLD and LRCX have become more correlated (0.46) than their long-term average of 0.12, meaning their price movements have been converging.
Fundamentals
APLD:
$7.83B
LRCX:
$366.44B
APLD:
-$0.91
LRCX:
$5.75
APLD:
12.10
LRCX:
15.93
APLD:
4.57
LRCX:
29.63
APLD:
$611.31M
LRCX:
$23.23B
APLD:
$214.45M
LRCX:
$11.73B
APLD:
-$158.14M
LRCX:
$8.70B
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Return for Risk
APLD vs. LRCX — Risk / Return Rank
APLD
LRCX
APLD vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Lam Research Corporation (LRCX). 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 | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 5.08 | -3.03 |
| Martin ratioReturn relative to average drawdown | 4.56 | 21.44 | -16.88 |
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Drawdowns
APLD vs. LRCX - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, which is greater than LRCX's maximum drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for APLD and LRCX.
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Drawdown Indicators
| APLD | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -87.90% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -53.23% | -41.76% | -11.47% |
Max Drawdown (3Y)Largest decline over 3 years | -71.95% | -47.10% | -24.85% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -56.39% | -26.22% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -56.39% | -33.41% |
Current DrawdownCurrent decline from peak | -44.83% | -32.38% | -12.45% |
Average DrawdownAverage peak-to-trough decline | -74.51% | -28.13% | -46.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.87% | 9.87% | +14.00% |
Volatility
APLD vs. LRCX - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 32.97% compared to Lam Research Corporation (LRCX) at 27.34%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.97% | 27.34% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 76.00% | 52.39% | +23.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.72% | 63.10% | +46.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.94% | 48.97% | +115.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.14% | 46.20% | +254.94% |
Dividends
APLD vs. LRCX - Dividend Comparison
APLD has not paid dividends to shareholders, while LRCX's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LRCX Lam Research Corporation | 0.35% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
Financials
APLD vs. LRCX - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Lam Research Corporation. 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. LRCX - Profitability Comparison
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lam Research Corporation reported a gross profit of 3.48B and revenue of 6.72B. Therefore, the gross margin over that period was 51.8%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Applied Digital Corporation reported an operating income of -114.82M and revenue of 293.87M, resulting in an operating margin of -39.1%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lam Research Corporation reported an operating income of 2.51B and revenue of 6.72B, resulting in an operating margin of 37.4%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Applied Digital Corporation reported a net income of -111.58M and revenue of 293.87M, resulting in a net margin of -38.0%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lam Research Corporation reported a net income of 2.28B and revenue of 6.72B, resulting in a net margin of 33.9%.
Frequently Asked Questions
APLD and LRCX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (32.97%) compared to LRCX (27.34%). In terms of maximum drawdown, APLD dropped -99.73% vs LRCX's -87.90%.
LRCX currently has the higher Sharpe Ratio (3.37 vs 1.03), 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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