APLD vs. NBIS

Last updated Apr 1, 2026

Compare and contrast key facts about Applied Digital Corporation (APLD) and Nebius Group N.V. (NBIS).

Performance

APLD vs. NBIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Digital Corporation (APLD) and Nebius Group N.V. (NBIS). The values are adjusted to include any dividend payments, if applicable.

APLD vs. NBIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APLD Applied Digital Corporation	-3.18%	220.94%	-6.60%
NBIS Nebius Group N.V.	23.96%	202.18%	46.25%

Fundamentals

Market Cap APLD : $6.33B NBIS : $26.25B
EPS APLD : -$0.51 NBIS : $0.41
PS Ratio APLD : 20.33 NBIS : 48.22
PB Ratio APLD : 4.37 NBIS : 5.69
Total Revenue (TTM) APLD : $281.74M NBIS : $534.20M
Gross Profit (TTM) APLD : $46.19M NBIS : $363.20M
EBITDA (TTM) APLD : -$49.02M NBIS : -$276.75M

Returns By Period

In the year-to-date period, APLD achieves a -3.18% return, which is significantly lower than NBIS's 23.96% 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%

NBIS

• 1D: 12.46%
• 1M: 13.78%
• YTD: 23.96%
• 6M: -7.58%
• 1Y: 391.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

APLD vs. NBIS — 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

NBIS

NBIS Risk / Return Rank: 96
NBIS Sharpe Ratio Rank: 99
NBIS Sortino Ratio Rank: 97
NBIS Omega Ratio Rank: 93
NBIS Calmar Ratio Rank: 98
NBIS Martin Ratio Rank: 96

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. NBIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Nebius Group N.V. (NBIS). 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	NBIS	Difference
Sharpe ratio Return per unit of total volatility	2.57	3.80	-1.23
Sortino ratio Return per unit of downside risk	3.14	3.87	-0.73
Omega ratio Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio Return relative to maximum drawdown	6.26	8.03	-1.77
Martin ratio Return relative to average drawdown	14.46	18.58	-4.12
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. NBIS - Sharpe Ratio Comparison

The current APLD Sharpe Ratio is 2.57, which is lower than the NBIS Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of APLD and NBIS, 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	NBIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	3.80	-1.23
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	2.04	-2.01

Correlation

The correlation between APLD and NBIS is 0.54, 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. NBIS - Dividend Comparison

Neither APLD nor NBIS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

APLD vs. NBIS - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.70%, which is greater than NBIS's maximum drawdown of -58.27%. Use the drawdown chart below to compare losses from any high point for APLD and NBIS.

Drawdown Indicators

	APLD	NBIS	Difference
Max Drawdown Largest peak-to-trough decline	-99.70%	-58.27%	-41.43%
Max Drawdown (1Y) Largest decline over 1 year	-50.31%	-45.47%	-4.84%
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%	-23.40%	-19.19%
Average Drawdown Average peak-to-trough decline	-84.03%	-20.63%	-63.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.79%	19.65%	+2.14%

Volatility

APLD vs. NBIS - Volatility Comparison

The current volatility for Applied Digital Corporation (APLD) is 32.29%, while Nebius Group N.V. (NBIS) has a volatility of 34.88%. This indicates that APLD experiences smaller price fluctuations and is considered to be less risky than NBIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APLD	NBIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.29%	34.88%	-2.59%
Volatility (6M) Calculated over the trailing 6-month period	77.82%	68.31%	+9.51%
Volatility (1Y) Calculated over the trailing 1-year period	126.27%	103.94%	+22.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.90%	111.65%	+76.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	295.81%	111.65%	+184.16%

Financials