AXGN vs. AAOI
AXGN (AxoGen, Inc.) and AAOI (Applied Optoelectronics, Inc.) are both stocks. AXGN operates in Medical Devices (Healthcare), while AAOI operates in Semiconductors (Technology). Over the past 10 years, AXGN returned 22.76%/yr vs 32.75%/yr for AAOI. At a 0.18 correlation, their price movements are largely independent.
Performance
AXGN vs. AAOI - Performance Comparison
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Returns By Period
In the year-to-date period, AXGN achieves a 31.38% return, which is significantly lower than AAOI's 384.94% return. Over the past 10 years, AXGN has underperformed AAOI with an annualized return of 22.76%, while AAOI has yielded a comparatively higher 32.75% annualized return.
AXGN
- 1D
- 1.51%
- 1M
- 5.01%
- YTD
- 31.38%
- 6M
- 41.49%
- 1Y
- 341.03%
- 3Y*
- 66.42%
- 5Y*
- 15.90%
- 10Y*
- 22.76%
AAOI
- 1D
- -2.16%
- 1M
- -16.96%
- YTD
- 384.94%
- 6M
- 427.29%
- 1Y
- 992.76%
- 3Y*
- 259.45%
- 5Y*
- 80.64%
- 10Y*
- 32.75%
AXGN vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXGN AxoGen, Inc. | 31.38% | 98.60% | 141.29% | -31.56% | 6.51% | -47.65% | 0.06% | -12.43% | -27.81% | 214.44% |
AAOI Applied Optoelectronics, Inc. | 384.94% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -28.37% | -23.01% | -59.20% | 61.35% |
Correlation
The correlation between AXGN and AAOI is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.18 |
The correlation between AXGN and AAOI shifts across timeframes, from -0.04 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AXGN:
$2.22B
AAOI:
$12.84B
AXGN:
-$0.66
AAOI:
-$0.65
AXGN:
8.58
AAOI:
22.21
AXGN:
9.06
AAOI:
11.61
AXGN:
$238.11M
AAOI:
$507.00M
AXGN:
$178.61M
AAOI:
$150.29M
AXGN:
$5.69M
AAOI:
-$26.44M
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Return for Risk
AXGN vs. AAOI — Risk / Return Rank
AXGN
AAOI
AXGN vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AxoGen, Inc. (AXGN) and Applied Optoelectronics, Inc. (AAOI). 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.
| AXGN | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.50 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 17.13 | 19.07 | -1.93 |
| Martin ratioReturn relative to average drawdown | 59.46 | 52.70 | +6.76 |
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Drawdowns
AXGN vs. AAOI - Drawdown Comparison
The maximum AXGN drawdown since its inception was -98.49%, roughly equal to the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for AXGN and AAOI.
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Drawdown Indicators
| AXGN | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -98.49% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -19.30% | -47.64% | +28.34% |
Max Drawdown (3Y)Largest decline over 3 years | -62.36% | -77.17% | +14.81% |
Max Drawdown (5Y)Largest decline over 5 years | -83.69% | -83.07% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -93.54% | -98.49% | +4.95% |
Current DrawdownCurrent decline from peak | -23.08% | -24.23% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -64.86% | -65.67% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 17.21% | -11.63% |
Volatility
AXGN vs. AAOI - Volatility Comparison
The current volatility for AxoGen, Inc. (AXGN) is 11.35%, while Applied Optoelectronics, Inc. (AAOI) has a volatility of 40.42%. This indicates that AXGN experiences smaller price fluctuations and is considered to be less risky than AAOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXGN | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 40.42% | -29.07% |
Volatility (6M)Calculated over the trailing 6-month period | 33.99% | 109.93% | -75.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.01% | 139.42% | -85.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.11% | 119.31% | -55.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.08% | 98.26% | -36.18% |
Dividends
AXGN vs. AAOI - Dividend Comparison
Neither AXGN nor AAOI has paid dividends to shareholders.
Financials
AXGN vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between AxoGen, Inc. and Applied Optoelectronics, 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
AXGN vs. AAOI - Profitability Comparison
AXGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AxoGen, Inc. reported a gross profit of 46.19M and revenue of 61.46M. Therefore, the gross margin over that period was 75.2%.
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a gross profit of 43.92M and revenue of 151.14M. Therefore, the gross margin over that period was 29.1%.
AXGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AxoGen, Inc. reported an operating income of -2.83M and revenue of 61.46M, resulting in an operating margin of -4.6%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
AXGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AxoGen, Inc. reported a net income of -19.58M and revenue of 61.46M, resulting in a net margin of -31.9%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a net income of -14.28M and revenue of 151.14M, resulting in a net margin of -9.5%.
Frequently Asked Questions
AXGN and AAOI have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (40.42%) compared to AXGN (11.35%). In terms of maximum drawdown, AXGN dropped -98.49% vs AAOI's -98.49%.
AAOI currently has the higher Sharpe Ratio (6.52 vs 6.13), 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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