APLD vs. NVS
APLD (Applied Digital Corporation) and NVS (Novartis AG) are both stocks. APLD operates in Information Technology Services (Technology), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, APLD returned 125.13%/yr vs 11.14%/yr for NVS. At a 0.03 correlation, their price movements are largely independent.
Performance
APLD vs. NVS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APLD achieves a 74.14% return, which is significantly higher than NVS's 14.40% return. Over the past 10 years, APLD has outperformed NVS with an annualized return of 125.13%, while NVS has yielded a comparatively lower 11.14% annualized return.
APLD
- 1D
- 2.97%
- 1M
- -6.11%
- YTD
- 74.14%
- 6M
- 53.27%
- 1Y
- 241.33%
- 3Y*
- 69.23%
- 5Y*
- 112.30%
- 10Y*
- 125.13%
NVS
- 1D
- -0.55%
- 1M
- 2.22%
- YTD
- 14.40%
- 6M
- 18.98%
- 1Y
- 30.60%
- 3Y*
- 19.57%
- 5Y*
- 14.77%
- 10Y*
- 11.14%
APLD vs. NVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 74.14% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
NVS Novartis AG | 14.40% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
Correlation
The correlation between APLD and NVS is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.03 |
Fundamentals
APLD:
$11.60B
NVS:
$293.28B
APLD:
-$0.72
NVS:
$6.99
APLD:
28.94
NVS:
5.29
APLD:
7.37
NVS:
7.62
APLD:
$390.57M
NVS:
$56.05B
APLD:
$124.93M
NVS:
$42.19B
APLD:
-$154.66M
NVS:
$22.40B
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. NVS — Risk / Return Rank
APLD
NVS
APLD vs. NVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Novartis AG (NVS). 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 | NVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 2.43 | +2.40 |
| Martin ratioReturn relative to average drawdown | 11.72 | 5.88 | +5.83 |
Loading charts...
Drawdowns
APLD vs. NVS - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for APLD and NVS.
Loading charts...
Drawdown Indicators
| APLD | NVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -42.10% | -57.63% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -12.65% | -37.66% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -19.95% | -56.71% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -20.42% | -62.19% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -26.03% | -63.77% |
Current DrawdownCurrent decline from peak | -14.00% | -6.46% | -7.54% |
Average DrawdownAverage peak-to-trough decline | -74.86% | -10.92% | -63.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.22% | 5.23% | +15.99% |
Volatility
APLD vs. NVS - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 33.15% compared to Novartis AG (NVS) at 7.18%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than NVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APLD | NVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.15% | 7.18% | +25.97% |
Volatility (6M)Calculated over the trailing 6-month period | 80.49% | 14.96% | +65.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.13% | 21.02% | +86.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.20% | 18.89% | +146.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.46% | 19.64% | +281.82% |
Dividends
APLD vs. NVS - Dividend Comparison
APLD has not paid dividends to shareholders, while NVS's dividend yield for the trailing twelve months is around 3.12%.
| 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% |
NVS Novartis AG | 3.12% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
Financials
APLD vs. NVS - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Novartis AG. 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. NVS - 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%.
NVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a gross profit of 10.07B and revenue of 13.52B. Therefore, the gross margin over that period was 74.4%.
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%.
NVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.
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%.
NVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a net income of 3.16B and revenue of 13.52B, resulting in a net margin of 23.3%.
Frequently Asked Questions
APLD and NVS have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (33.15%) compared to NVS (7.18%). In terms of maximum drawdown, APLD dropped -99.73% vs NVS's -42.10%.
APLD currently has the higher Sharpe Ratio (2.27 vs 1.47), 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 NVS
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