APLD vs. MU
APLD (Applied Digital Corporation) and MU (Micron Technology, Inc.) are both stocks. Both are in the Technology sector — APLD in Information Technology Services, MU in Semiconductors. Over the past 10 years, APLD returned 124.58%/yr vs 56.72%/yr for MU. At a 0.10 correlation, their price movements are largely independent.
Performance
APLD vs. MU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APLD achieves a 59.71% return, which is significantly lower than MU's 296.90% return. Over the past 10 years, APLD has outperformed MU with an annualized return of 124.58%, while MU has yielded a comparatively lower 56.72% annualized return.
APLD
- 1D
- -4.37%
- 1M
- -17.17%
- YTD
- 59.71%
- 6M
- 62.83%
- 1Y
- 277.26%
- 3Y*
- 74.46%
- 5Y*
- 87.94%
- 10Y*
- 124.58%
MU
- 1D
- -6.69%
- 1M
- 16.61%
- YTD
- 296.90%
- 6M
- 297.93%
- 1Y
- 809.78%
- 3Y*
- 158.00%
- 5Y*
- 69.89%
- 10Y*
- 56.72%
APLD vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 59.71% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
MU Micron Technology, Inc. | 296.90% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
Correlation
The correlation between APLD and MU is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.10 |
Over the past year, APLD and MU have become more correlated (0.37) than their long-term average of 0.10, meaning their price movements have been converging.
Fundamentals
APLD:
$10.64B
MU:
$1.29T
APLD:
-$0.72
MU:
$44.42
APLD:
26.54
MU:
14.25
APLD:
6.76
MU:
12.84
APLD:
$390.57M
MU:
$90.27B
APLD:
$124.93M
MU:
$65.51B
APLD:
-$154.66M
MU:
$44.96B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APLD vs. MU — Risk / Return Rank
APLD
MU
APLD vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.76 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.42 | 26.71 | -21.29 |
| Martin ratioReturn relative to average drawdown | 13.26 | 103.68 | -90.41 |
Loading charts...
Drawdowns
APLD vs. MU - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for APLD and MU.
Loading charts...
Drawdown Indicators
| APLD | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -98.25% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -30.28% | -20.03% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -57.63% | -19.03% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -57.63% | -24.98% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -57.63% | -32.17% |
Current DrawdownCurrent decline from peak | -21.13% | -6.69% | -14.44% |
Average DrawdownAverage peak-to-trough decline | -74.72% | -58.11% | -16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.53% | 7.89% | +12.64% |
Volatility
APLD vs. MU - Volatility Comparison
The current volatility for Applied Digital Corporation (APLD) is 21.98%, while Micron Technology, Inc. (MU) has a volatility of 36.77%. This indicates that APLD experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APLD | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.98% | 36.77% | -14.79% |
Volatility (6M)Calculated over the trailing 6-month period | 75.52% | 61.80% | +13.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.71% | 74.47% | +32.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.74% | 54.50% | +110.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.51% | 50.65% | +250.86% |
Dividends
APLD vs. MU - Dividend Comparison
APLD has not paid dividends to shareholders, while MU's dividend yield for the trailing twelve months is around 0.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.04% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Financials
APLD vs. MU - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Micron Technology, 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. MU - 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%.
MU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported a gross profit of 35.06B and revenue of 41.46B. Therefore, the gross margin over that period was 84.6%.
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%.
MU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported an operating income of 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.
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%.
MU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported a net income of 28.24B and revenue of 41.46B, resulting in a net margin of 68.1%.
Frequently Asked Questions
APLD and MU have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (36.77%) compared to APLD (21.98%). In terms of maximum drawdown, APLD dropped -99.73% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (10.86 vs 2.56), 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.
Find the right allocation for APLD and MU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer