APLD vs. NBIS

Last updated Aug 1, 2026

APLD (Applied Digital Corporation) and NBIS (Nebius Group N.V.) are both stocks. APLD operates in Information Technology Services (Technology), while NBIS operates in Internet Content & Information (Communication Services). Over the past year, APLD returned 118.77% vs 266.17% for NBIS. Their 0.55 correlation means they have sometimes moved together and sometimes differently.

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.

Returns By Period

In the year-to-date period, APLD achieves a 11.70% return, which is significantly lower than NBIS's 127.48% return.

APLD

• 1D: -2.07%
• 1M: -17.15%
• 6M: -19.16%
• YTD: 11.70%
• 1Y: 118.77%
• 3Y*: 43.55%
• 5Y*: 84.53%
• 10Y*: 111.35%
• ALL TIME*: 26.17%

NBIS

• 1D: 1.05%
• 1M: -11.69%
• 6M: 123.51%
• YTD: 127.48%
• 1Y: 266.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 265.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APLD Applied Digital Corporation	$653.03M	$590.08M	$826.73M
NBIS Nebius Group N.V.	$4.73B	$4.16B	$4.21B

APLD vs. NBIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APLD Applied Digital Corporation	11.70%	220.94%	-3.90%
NBIS Nebius Group N.V.	127.48%	202.18%	46.25%

Correlation

The correlation between APLD and NBIS is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Oct 18, 2024	0.55

The correlation between APLD and NBIS has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

Fundamentals

Market Cap APLD : $7.83B NBIS : $45.70B
EPS APLD : -$0.91 NBIS : $3.08
PS Ratio APLD : 12.10 NBIS : 58.84
PB Ratio APLD : 4.57 NBIS : 8.12
Total Revenue (TTM) APLD : $611.31M NBIS : $877.90M
Gross Profit (TTM) APLD : $214.45M NBIS : $420.60M
EBITDA (TTM) APLD : -$158.14M NBIS : -$52.78M

Return for Risk

APLD vs. NBIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

APLD

APLD Risk / Return Rank: 78
APLD Sharpe Ratio Rank: 76
APLD Sortino Ratio Rank: 80
APLD Omega Ratio Rank: 75
APLD Calmar Ratio Rank: 79
APLD Martin Ratio Rank: 78

NBIS

NBIS Risk / Return Rank: 92
NBIS Sharpe Ratio Rank: 94
NBIS Sortino Ratio Rank: 92
NBIS Omega Ratio Rank: 88
NBIS Calmar Ratio Rank: 95
NBIS Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	NBIS	Difference
Sharpe ratio: Return per unit of total volatility	1.03	2.22	-1.18
Sortino ratio: Return per unit of downside risk	2.02	2.96	-0.94
Omega ratio: Gain probability vs. loss probability	1.23	1.34	-0.11
Calmar ratio: Return relative to maximum drawdown	2.05	5.21	-3.16
Martin ratio: Return relative to average drawdown	4.56	11.53	-6.96

APLD vs. NBIS - Sharpe Ratio Comparison

The current APLD Sharpe Ratio is 1.03, which is lower than the NBIS Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of APLD and NBIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APLD vs. NBIS - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.73%, 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	-99.73%	-58.27%	-41.46%
Max Drawdown (1Y) Largest decline over 1 year	-53.23%	-48.30%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	-71.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-82.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.80%	—	—
Current Drawdown Current decline from peak	-44.83%	-33.58%	-11.25%
Average Drawdown Average peak-to-trough decline	-74.51%	-19.18%	-55.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.87%	21.79%	+2.08%

Volatility

APLD vs. NBIS - Volatility Comparison

The current volatility for Applied Digital Corporation (APLD) is 32.97%, while Nebius Group N.V. (NBIS) has a volatility of 45.48%. 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	32.97%	45.48%	-12.51%
Volatility (6M) Calculated over the trailing 6-month period	76.00%	83.51%	-7.51%
Volatility (1Y) Calculated over the trailing 1-year period	109.72%	113.57%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.94%	113.26%	+51.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	301.14%	113.26%	+187.88%

Dividends

APLD vs. NBIS - Dividend Comparison

Neither APLD nor NBIS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both APLD and NBIS in my portfolio?

APLD and NBIS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APLD or NBIS?

NBIS has higher volatility (45.48%) compared to APLD (32.97%). In terms of maximum drawdown, APLD dropped -99.73% vs NBIS's -58.27%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (2.22 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.