APLD vs. LUG.TO
APLD (Applied Digital Corporation) and LUG.TO (Lundin Gold Inc.) are both stocks. APLD operates in Information Technology Services (Technology), while LUG.TO operates in Gold (Basic Materials). Over the past 10 years, APLD returned 120.60%/yr vs 31.76%/yr for LUG.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
APLD vs. LUG.TO - Performance Comparison
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Different Trading Currencies
APLD is traded in USD, while LUG.TO is traded in CAD. To make them comparable, the LUG.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, APLD achieves a 66.99% return, which is significantly higher than LUG.TO's -27.87% return. Over the past 10 years, APLD has outperformed LUG.TO with an annualized return of 120.60%, while LUG.TO has yielded a comparatively lower 31.76% annualized return.
APLD
- 1D
- 3.34%
- 1M
- -0.74%
- YTD
- 66.99%
- 6M
- 27.51%
- 1Y
- 195.42%
- 3Y*
- 72.37%
- 5Y*
- 111.39%
- 10Y*
- 120.60%
LUG.TO
- 1D
- 0.15%
- 1M
- -15.65%
- YTD
- -27.87%
- 6M
- -24.20%
- 1Y
- 17.78%
- 3Y*
- 76.39%
- 5Y*
- 49.60%
- 10Y*
- 31.76%
APLD vs. LUG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 66.99% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
LUG.TO Lundin Gold Inc. | -27.87% | 309.94% | 76.65% | 32.70% | 22.82% | -4.62% | 34.40% | 74.11% | 1.61% | -7.62% |
Correlation
The correlation between APLD and LUG.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.07 |
The correlation between APLD and LUG.TO shifts across timeframes, from 0.07 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
APLD:
$11.12B
LUG.TO:
CA$19.02B
APLD:
-$0.72
LUG.TO:
CA$3.77
APLD:
27.75
LUG.TO:
9.50
APLD:
7.06
LUG.TO:
13.96
APLD:
$390.57M
LUG.TO:
CA$2.00B
APLD:
$124.93M
LUG.TO:
CA$1.41B
APLD:
-$154.66M
LUG.TO:
CA$1.43B
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Return for Risk
APLD vs. LUG.TO — Risk / Return Rank
APLD
LUG.TO
APLD vs. LUG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Lundin Gold Inc. (LUG.TO). 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 | LUG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.10 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 0.49 | +3.42 |
| Martin ratioReturn relative to average drawdown | 9.14 | 1.31 | +7.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APLD | LUG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 0.32 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.07 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.73 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.10 | -0.02 |
Drawdowns
APLD vs. LUG.TO - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.70%, roughly equal to the maximum LUG.TO drawdown of -95.13%. Use the drawdown chart below to compare losses from any high point for APLD and LUG.TO.
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Drawdown Indicators
| APLD | LUG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.70% | -95.13% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -36.21% | -14.10% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -36.21% | -40.45% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -43.37% | -39.24% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -46.50% | -43.30% |
Current DrawdownCurrent decline from peak | -17.53% | -36.12% | +18.59% |
Average DrawdownAverage peak-to-trough decline | -74.49% | -71.96% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.15% | 13.66% | +8.49% |
Volatility
APLD vs. LUG.TO - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 32.64% compared to Lundin Gold Inc. (LUG.TO) at 17.81%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than LUG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | LUG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.64% | 17.81% | +14.83% |
Volatility (6M)Calculated over the trailing 6-month period | 80.09% | 41.78% | +38.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.26% | 56.18% | +51.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.20% | 46.83% | +118.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.59% | 43.76% | +257.83% |
Dividends
APLD vs. LUG.TO - Dividend Comparison
APLD has not paid dividends to shareholders, while LUG.TO's dividend yield for the trailing twelve months is around 5.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LUG.TO Lundin Gold Inc. | 5.30% | 3.35% | 2.69% | 3.26% | 1.97% |
Financials
APLD vs. LUG.TO - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Lundin Gold Inc.. 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. LUG.TO - Profitability Comparison
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.
LUG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a gross profit of 420.70M and revenue of 567.38M. Therefore, the gross margin over that period was 74.2%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
LUG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported an operating income of 391.03M and revenue of 567.38M, resulting in an operating margin of 68.9%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
LUG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a net income of 273.33M and revenue of 567.38M, resulting in a net margin of 48.2%.
Frequently Asked Questions
APLD and LUG.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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