APLD vs. PWR
APLD (Applied Digital Corporation) and PWR (Quanta Services, Inc.) are both stocks. APLD operates in Information Technology Services (Technology), while PWR operates in Engineering & Construction (Industrials). Over the past 10 years, APLD returned 120.60%/yr vs 40.58%/yr for PWR. At a 0.11 correlation, their price movements are largely independent.
Performance
APLD vs. PWR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with APLD having a 66.99% return and PWR slightly lower at 64.46%. Over the past 10 years, APLD has outperformed PWR with an annualized return of 120.60%, while PWR has yielded a comparatively lower 40.58% 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%
PWR
- 1D
- -0.19%
- 1M
- -6.87%
- YTD
- 64.46%
- 6M
- 49.89%
- 1Y
- 92.19%
- 3Y*
- 56.18%
- 5Y*
- 49.77%
- 10Y*
- 40.58%
APLD vs. PWR - 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% |
PWR Quanta Services, Inc. | 64.46% | 33.70% | 46.60% | 51.70% | 24.63% | 59.50% | 77.74% | 35.84% | -22.93% | 12.22% |
Correlation
The correlation between APLD and PWR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2008 | 0.11 |
Over the past year, APLD and PWR have become more correlated (0.43) than their long-term average of 0.11, meaning their price movements have been converging.
Fundamentals
APLD:
$11.12B
PWR:
$105.52B
APLD:
-$0.72
PWR:
$7.29
APLD:
27.75
PWR:
3.51
APLD:
7.06
PWR:
11.67
APLD:
$390.57M
PWR:
$29.99B
APLD:
$124.93M
PWR:
$4.08B
APLD:
-$154.66M
PWR:
$2.40B
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Return for Risk
APLD vs. PWR — Risk / Return Rank
APLD
PWR
APLD vs. PWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Quanta Services, Inc. (PWR). 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 | PWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 7.45 | -3.54 |
| Martin ratioReturn relative to average drawdown | 9.14 | 17.97 | -8.82 |
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 | PWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.55 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.41 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 1.21 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.35 | -0.27 |
Drawdowns
APLD vs. PWR - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.70%, roughly equal to the maximum PWR drawdown of -97.07%. Use the drawdown chart below to compare losses from any high point for APLD and PWR.
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Drawdown Indicators
| APLD | PWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.70% | -97.07% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -12.45% | -37.86% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -33.89% | -42.77% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -33.89% | -48.72% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -45.53% | -44.27% |
Current DrawdownCurrent decline from peak | -17.53% | -11.64% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -74.49% | -46.86% | -27.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.15% | 5.15% | +17.00% |
Volatility
APLD vs. PWR - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 32.64% compared to Quanta Services, Inc. (PWR) at 11.16%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than PWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | PWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.64% | 11.16% | +21.48% |
Volatility (6M)Calculated over the trailing 6-month period | 80.09% | 29.60% | +50.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.26% | 36.37% | +70.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.20% | 35.62% | +129.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.59% | 33.70% | +267.89% |
Dividends
APLD vs. PWR - Dividend Comparison
APLD has not paid dividends to shareholders, while PWR's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWR Quanta Services, Inc. | 0.06% | 0.09% | 0.09% | 0.15% | 0.25% | 0.16% | 0.29% | 0.42% | 0.13% |
Financials
APLD vs. PWR - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Quanta Services, 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. PWR - 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%.
PWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported a gross profit of 1.11B and revenue of 7.87B. Therefore, the gross margin over that period was 14.1%.
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%.
PWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported an operating income of 338.78M and revenue of 7.87B, resulting in an operating margin of 4.3%.
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%.
PWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported a net income of 220.63M and revenue of 7.87B, resulting in a net margin of 2.8%.
Frequently Asked Questions
APLD and PWR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (32.64%) compared to PWR (11.16%). In terms of maximum drawdown, APLD dropped -99.70% vs PWR's -97.07%.
PWR currently has the higher Sharpe Ratio (2.55 vs 1.84), 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.
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