APLD vs. TSEM
APLD (Applied Digital Corporation) and TSEM (Tower Semiconductor Ltd) are both stocks. Both are in the Technology sector — APLD in Information Technology Services, TSEM in Semiconductors. Over the past 10 years, APLD returned 121.05%/yr vs 33.20%/yr for TSEM. At a 0.10 correlation, their price movements are largely independent.
Performance
APLD vs. TSEM - Performance Comparison
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Returns By Period
In the year-to-date period, APLD achieves a 13.58% return, which is significantly lower than TSEM's 93.50% return. Over the past 10 years, APLD has outperformed TSEM with an annualized return of 121.05%, while TSEM has yielded a comparatively lower 33.20% annualized return.
APLD
- 1D
- 7.99%
- 1M
- -40.22%
- 6M
- -25.53%
- YTD
- 13.58%
- 1Y
- 133.45%
- 3Y*
- 53.37%
- 5Y*
- 89.82%
- 10Y*
- 121.05%
- ALL TIME*
- 26.34%
TSEM
- 1D
- -2.94%
- 1M
- -20.76%
- 6M
- 75.01%
- YTD
- 93.50%
- 1Y
- 368.09%
- 3Y*
- 84.21%
- 5Y*
- 52.70%
- 10Y*
- 33.20%
- ALL TIME*
- 1.00%
APLD vs. TSEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 13.58% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
TSEM Tower Semiconductor Ltd | 93.50% | 127.96% | 68.77% | -29.35% | 8.87% | 53.68% | 7.32% | 63.23% | -56.75% | 79.09% |
Correlation
The correlation between APLD and TSEM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.10 |
Over the past year, APLD and TSEM have become more correlated (0.39) than their long-term average of 0.10, meaning their price movements have been converging.
Fundamentals
APLD:
$7.96B
TSEM:
$25.39B
APLD:
-$0.72
TSEM:
$2.15
APLD:
18.88
TSEM:
15.99
APLD:
4.80
TSEM:
8.74
APLD:
$390.57M
TSEM:
$1.62B
APLD:
$124.93M
TSEM:
$401.63M
APLD:
-$154.66M
TSEM:
$571.93M
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Return for Risk
APLD vs. TSEM — Risk / Return Rank
APLD
TSEM
APLD vs. TSEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Tower Semiconductor Ltd (TSEM). 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 | TSEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.55 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 11.20 | -8.54 |
| Martin ratioReturn relative to average drawdown | 5.99 | 37.51 | -31.52 |
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Drawdowns
APLD vs. TSEM - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, roughly equal to the maximum TSEM drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for APLD and TSEM.
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Drawdown Indicators
| APLD | TSEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -99.75% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -33.11% | -17.20% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -45.83% | -30.83% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -55.39% | -27.22% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -62.28% | -27.52% |
Current DrawdownCurrent decline from peak | -43.91% | -62.02% | +18.11% |
Average DrawdownAverage peak-to-trough decline | -74.58% | -85.30% | +10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.42% | 9.87% | +12.55% |
Volatility
APLD vs. TSEM - Volatility Comparison
The current volatility for Applied Digital Corporation (APLD) is 20.29%, while Tower Semiconductor Ltd (TSEM) has a volatility of 27.43%. This indicates that APLD experiences smaller price fluctuations and is considered to be less risky than TSEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | TSEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.29% | 27.43% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 73.81% | 61.75% | +12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.05% | 73.41% | +33.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.67% | 48.84% | +115.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.69% | 44.40% | +257.29% |
Dividends
APLD vs. TSEM - Dividend Comparison
Neither APLD nor TSEM has paid dividends to shareholders.
Financials
APLD vs. TSEM - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Tower Semiconductor Ltd. 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. TSEM - Profitability Comparison
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
TSEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Tower Semiconductor Ltd reported a gross profit of 110.95M and revenue of 413.63M. Therefore, the gross margin over that period was 26.8%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
TSEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Tower Semiconductor Ltd reported an operating income of 64.57M and revenue of 413.63M, resulting in an operating margin of 15.6%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
TSEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Tower Semiconductor Ltd reported a net income of 65.03M and revenue of 413.63M, resulting in a net margin of 15.7%.
Frequently Asked Questions
APLD and TSEM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSEM has higher volatility (27.43%) compared to APLD (20.29%). In terms of maximum drawdown, APLD dropped -99.73% vs TSEM's -99.75%.
TSEM currently has the higher Sharpe Ratio (5.06 vs 1.26), 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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