APLD vs. STRD

Last updated Jun 16, 2026

APLD (Applied Digital Corporation) and STRD (MicroStrategy Incorporated) are both stocks. Both are in the Technology sector — APLD in Information Technology Services, STRD in Software - Application. At a 0.32 correlation, their price movements are largely independent.

Performance

APLD vs. STRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Digital Corporation (APLD) and MicroStrategy Incorporated (STRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APLD

• 1D: 8.83%
• 1M: 9.19%
• YTD: 89.52%
• 6M: 102.22%
• 1Y: 315.65%
• 3Y*: 73.16%
• 5Y*: 110.66%
• 10Y*: 128.45%

STRD

• 1D: -4.57%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLD vs. STRD - Yearly Performance Comparison

	2026 (YTD)
APLD Applied Digital Corporation	-5.12%
STRD MicroStrategy Incorporated	-6.53%

Correlation

The correlation between APLD and STRD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.32

Fundamentals

Market Cap APLD : $12.62B STRD : $22.78B
EPS APLD : -$0.72 STRD : -$38.95
PS Ratio APLD : 31.50 STRD : 43.47
PB Ratio APLD : 8.02 STRD : 0.62
Total Revenue (TTM) APLD : $390.57M STRD : $490.47M
Gross Profit (TTM) APLD : $124.93M STRD : $334.08M
EBITDA (TTM) APLD : -$154.66M STRD : $520.73M

Return for Risk

APLD vs. STRD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APLD

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

STRD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APLD vs. STRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and MicroStrategy Incorporated (STRD). 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	STRD	Difference
Sharpe ratio: Return per unit of total volatility	2.98	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	6.32	—	—
Martin ratio: Return relative to average drawdown	15.33	—	—

Drawdowns

APLD vs. STRD - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.73%, which is greater than STRD's maximum drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for APLD and STRD.

Drawdown Indicators

	APLD	STRD	Difference
Max Drawdown Largest peak-to-trough decline	-99.73%	-7.26%	-92.47%
Max Drawdown (1Y) Largest decline over 1 year	-50.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-76.66%	—	—
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	-6.40%	-6.53%	+0.13%
Average Drawdown Average peak-to-trough decline	-74.85%	-4.51%	-70.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.70%	—	—

Volatility

Volatility by Period

	APLD	STRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	80.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	107.00%	37.84%	+69.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	165.28%	37.84%	+127.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	301.55%	37.84%	+263.71%

Dividends

APLD vs. STRD - Dividend Comparison

Neither APLD nor STRD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both APLD and STRD in my portfolio?

APLD and STRD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.