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.
Key characteristics
| APLD | SPY | |
|---|---|---|
| YTD Return | -12.61% | 18.37% |
| 1Y Return | 11.98% | 26.96% |
| 3Y Return (Ann) | -24.60% | 9.40% |
| 5Y Return (Ann) | 189.97% | 15.01% |
| 10Y Return (Ann) | 146.53% | 12.90% |
| Sharpe Ratio | 0.07 | 2.14 |
| Daily Std Dev | 131.21% | 12.67% |
| Max Drawdown | -99.99% | -55.19% |
| Current Drawdown | -94.51% | -1.02% |
Correlation
The correlation between APLD and SPY is 0.06, 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
In the year-to-date period, APLD achieves a -12.61% return, which is significantly lower than SPY's 18.37% return. Over the past 10 years, APLD has outperformed SPY with an annualized return of 146.53%, while SPY has yielded a comparatively lower 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 1.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 72.08% compared to SPDR S&P 500 ETF (SPY) at 3.91%. 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.