APLD vs. SPY
Compare and contrast key facts about Applied Digital Corporation (APLD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APLD or SPY.
Correlation
The correlation between APLD and SPY is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
APLD vs. SPY - Performance Comparison
Key characteristics
APLD:
0.43
SPY:
0.28
APLD:
1.69
SPY:
0.54
APLD:
1.20
SPY:
1.08
APLD:
0.64
SPY:
0.29
APLD:
2.46
SPY:
1.35
APLD:
25.32%
SPY:
4.09%
APLD:
144.02%
SPY:
19.64%
APLD:
-99.99%
SPY:
-55.19%
APLD:
-96.20%
SPY:
-13.98%
Returns By Period
In the year-to-date period, APLD achieves a -46.60% return, which is significantly lower than SPY's -10.04% return. Over the past 10 years, APLD has outperformed SPY with an annualized return of 86.43%, while SPY has yielded a comparatively lower 11.65% annualized return.
APLD
-46.60%
-44.41%
-49.32%
66.53%
118.19%
86.43%
SPY
-10.04%
-7.04%
-9.15%
5.72%
14.60%
11.65%
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Risk-Adjusted Performance
APLD vs. SPY — Risk-Adjusted Performance Rank
APLD
SPY
APLD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
APLD vs. SPY - Dividend Comparison
APLD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
APLD vs. SPY - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for APLD and SPY. For additional features, visit the drawdowns tool.
Volatility
APLD vs. SPY - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 57.71% compared to SPDR S&P 500 ETF (SPY) at 14.59%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.