APPF vs. SMCI
APPF (AppFolio, Inc.) and SMCI (Super Micro Computer, Inc.) are both stocks. Both are in the Technology sector — APPF in Software - Application, SMCI in Computer Hardware. Over the past 10 years, APPF returned 28.20%/yr vs 27.31%/yr for SMCI. At a 0.22 correlation, their price movements are largely independent.
Performance
APPF vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, APPF achieves a -24.65% return, which is significantly lower than SMCI's -3.52% return. Both investments have delivered pretty close results over the past 10 years, with APPF having a 28.20% annualized return and SMCI not far behind at 27.31%.
APPF
- 1D
- -0.66%
- 1M
- 3.56%
- 6M
- -22.49%
- YTD
- -24.65%
- 1Y
- -28.85%
- 3Y*
- 0.07%
- 5Y*
- 5.34%
- 10Y*
- 28.20%
SMCI
- 1D
- 0.25%
- 1M
- -30.51%
- 6M
- -5.55%
- YTD
- -3.52%
- 1Y
- -43.54%
- 3Y*
- 1.52%
- 5Y*
- 52.22%
- 10Y*
- 27.31%
APPF vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APPF AppFolio, Inc. | -24.65% | -5.70% | 42.42% | 64.40% | -12.95% | -32.76% | 63.75% | 85.66% | 42.70% | 74.00% |
SMCI Super Micro Computer, Inc. | -3.52% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
Correlation
The correlation between APPF and SMCI is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2015 | 0.22 |
The correlation between APPF and SMCI shifts across timeframes, from 0.06 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
APPF:
$6.29B
SMCI:
$18.27B
APPF:
$4.21
SMCI:
$2.66
APPF:
41.64
SMCI:
10.63
APPF:
0.02
SMCI:
0.23
APPF:
6.36
SMCI:
0.56
APPF:
13.35
SMCI:
2.51
APPF:
$995.33M
SMCI:
$33.70B
APPF:
$629.41M
SMCI:
$2.83B
APPF:
$197.89M
SMCI:
$1.47B
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Return for Risk
APPF vs. SMCI — Risk / Return Rank
APPF
SMCI
APPF vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppFolio, Inc. (APPF) and Super Micro Computer, Inc. (SMCI). 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.
| APPF | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.96 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.66 | +0.14 |
| Martin ratioReturn relative to average drawdown | -0.80 | -1.05 | +0.25 |
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Drawdowns
APPF vs. SMCI - Drawdown Comparison
The maximum APPF drawdown since its inception was -55.38%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for APPF and SMCI.
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Drawdown Indicators
| APPF | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -84.84% | +29.46% |
Max Drawdown (1Y)Largest decline over 1 year | -55.38% | -66.18% | +10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -55.38% | -84.84% | +29.46% |
Max Drawdown (5Y)Largest decline over 5 years | -55.38% | -84.84% | +29.46% |
Max Drawdown (10Y)Largest decline over 10 years | -55.38% | -84.84% | +29.46% |
Current DrawdownCurrent decline from peak | -45.43% | -76.23% | +30.80% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -32.13% | +13.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.03% | 41.52% | -5.49% |
Volatility
APPF vs. SMCI - Volatility Comparison
The current volatility for AppFolio, Inc. (APPF) is 14.79%, while Super Micro Computer, Inc. (SMCI) has a volatility of 43.03%. This indicates that APPF experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APPF | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.79% | 43.03% | -28.24% |
Volatility (6M)Calculated over the trailing 6-month period | 33.80% | 79.25% | -45.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 86.89% | -41.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.44% | 87.29% | -43.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.32% | 71.56% | -27.24% |
Dividends
APPF vs. SMCI - Dividend Comparison
Neither APPF nor SMCI has paid dividends to shareholders.
Financials
APPF vs. SMCI - Financials Comparison
This section allows you to compare key financial metrics between AppFolio, Inc. and Super Micro Computer, Inc.. 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
APPF vs. SMCI - Profitability Comparison
APPF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, AppFolio, Inc. reported a gross profit of 167.24M and revenue of 262.21M. Therefore, the gross margin over that period was 63.8%.
SMCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Super Micro Computer, Inc. reported a gross profit of 1.02B and revenue of 10.24B. Therefore, the gross margin over that period was 10.0%.
APPF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, AppFolio, Inc. reported an operating income of 50.75M and revenue of 262.21M, resulting in an operating margin of 19.4%.
SMCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Super Micro Computer, Inc. reported an operating income of 625.87M and revenue of 10.24B, resulting in an operating margin of 6.1%.
APPF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, AppFolio, Inc. reported a net income of 42.42M and revenue of 262.21M, resulting in a net margin of 16.2%.
SMCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Super Micro Computer, Inc. reported a net income of 1.02B and revenue of 10.24B, resulting in a net margin of 9.9%.
Frequently Asked Questions
APPF and SMCI have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (43.03%) compared to APPF (14.79%). In terms of maximum drawdown, APPF dropped -55.38% vs SMCI's -84.84%.
SMCI currently has the higher Sharpe Ratio (-0.50 vs -0.65), 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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