APLD vs. USFR

Last updated Jun 25, 2026

APLD (Applied Digital Corporation) is a stock, while USFR (WisdomTree Floating Rate Treasury Fund) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 10 years, APLD returned 126.14%/yr vs 2.43%/yr for USFR. At a correlation of -0.04, they often move in opposite directions.

Performance

APLD vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Digital Corporation (APLD) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APLD achieves a 71.21% return, which is significantly higher than USFR's 1.82% return. Over the past 10 years, APLD has outperformed USFR with an annualized return of 126.14%, while USFR has yielded a comparatively lower 2.43% annualized return.

APLD

• 1D: -7.27%
• 1M: -8.48%
• YTD: 71.21%
• 6M: 63.22%
• 1Y: 306.78%
• 3Y*: 73.13%
• 5Y*: 90.57%
• 10Y*: 126.14%

USFR

• 1D: 0.00%
• 1M: 0.33%
• YTD: 1.82%
• 6M: 1.92%
• 1Y: 3.99%
• 3Y*: 4.74%
• 5Y*: 3.72%
• 10Y*: 2.43%

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

APLD vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APLD Applied Digital Corporation	71.21%	220.94%	13.35%	266.30%	-56.09%	11,789.90%	389.44%	-34.55%	64.99%	-33.33%
USFR WisdomTree Floating Rate Treasury Fund	1.82%	4.23%	5.47%	5.18%	1.98%	-0.03%	0.56%	2.02%	2.01%	1.03%

Correlation

The correlation between APLD and USFR is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014	-0.04

Return for Risk

APLD vs. USFR — 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: 94

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

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. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and WisdomTree Floating Rate Treasury Fund (USFR). 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	USFR	Difference
Sharpe ratio: Return per unit of total volatility	2.90	14.67	-11.77
Sortino ratio: Return per unit of downside risk	3.25	50.13	-46.88
Omega ratio: Gain probability vs. loss probability	1.37	13.31	-11.94
Calmar ratio: Return relative to maximum drawdown	6.14	201.33	-195.19
Martin ratio: Return relative to average drawdown	15.08	779.76	-764.69

APLD vs. USFR - Sharpe Ratio Comparison

The current APLD Sharpe Ratio is 2.90, which is lower than the USFR Sharpe Ratio of 14.67. The chart below compares the historical Sharpe Ratios of APLD and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APLD vs. USFR - Drawdown Comparison

The maximum APLD drawdown since its inception was -99.73%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for APLD and USFR.

Drawdown Indicators

	APLD	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-99.73%	-1.36%	-98.37%
Max Drawdown (1Y) Largest decline over 1 year	-50.31%	-0.02%	-50.29%
Max Drawdown (3Y) Largest decline over 3 years	-76.66%	-0.06%	-76.60%
Max Drawdown (5Y) Largest decline over 5 years	-82.61%	-0.18%	-82.43%
Max Drawdown (10Y) Largest decline over 10 years	-89.80%	-0.80%	-89.00%
Current Drawdown Current decline from peak	-15.45%	0.00%	-15.45%
Average Drawdown Average peak-to-trough decline	-74.75%	-0.15%	-74.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.46%	0.01%	+20.45%

Volatility

APLD vs. USFR - Volatility Comparison

Applied Digital Corporation (APLD) has a higher volatility of 23.44% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APLD	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.44%	0.09%	+23.35%
Volatility (6M) Calculated over the trailing 6-month period	75.61%	0.19%	+75.42%
Volatility (1Y) Calculated over the trailing 1-year period	106.75%	0.27%	+106.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	165.01%	0.40%	+164.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	301.57%	0.78%	+300.79%

Dividends

APLD vs. USFR - Dividend Comparison

APLD has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
USFR WisdomTree Floating Rate Treasury Fund	3.90%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both APLD and USFR in my portfolio?

APLD and USFR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APLD or USFR?

APLD has higher volatility (23.44%) compared to USFR (0.09%). In terms of maximum drawdown, APLD dropped -99.73% vs USFR's -1.36%.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.67 vs 2.90), 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.