AXTI vs. AAOI
AXTI (AXT, Inc.) and AAOI (Applied Optoelectronics, Inc.) are both stocks. Both are in the Technology sector — AXTI in Semiconductor Equipment & Materials, AAOI in Communication Equipment. Over the past 10 years, AXTI returned 32.40%/yr vs 23.27%/yr for AAOI. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
AXTI vs. AAOI - Performance Comparison
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Returns By Period
In the year-to-date period, AXTI achieves a 269.60% return, which is significantly higher than AAOI's 170.57% return. Over the past 10 years, AXTI has outperformed AAOI with an annualized return of 32.40%, while AAOI has yielded a comparatively lower 23.27% annualized return.
AXTI
- 1D
- 28.74%
- 1M
- 6.73%
- 6M
- 225.94%
- YTD
- 269.60%
- 1Y
- 3,047.40%
- 3Y*
- 169.71%
- 5Y*
- 42.74%
- 10Y*
- 32.40%
- ALL TIME*
- 6.40%
AAOI
- 1D
- 4.67%
- 1M
- -22.02%
- 6M
- 116.28%
- YTD
- 170.57%
- 1Y
- 338.09%
- 3Y*
- 137.62%
- 5Y*
- 64.92%
- 10Y*
- 23.27%
- ALL TIME*
- 19.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $850.42M | $964.89M | $1.83B | |
AXTI AXT, Inc. | $521.22M | $514.43M | $822.68M |
AXTI vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXTI AXT, Inc. | 269.60% | 653.46% | -9.58% | -45.21% | -50.28% | -7.94% | 120.00% | -0.00% | -50.00% | 81.25% |
AAOI Applied Optoelectronics, Inc. | 170.57% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -28.37% | -23.01% | -59.20% | 61.35% |
Correlation
The correlation between AXTI and AAOI is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.32 |
Over the past year, AXTI and AAOI have become more correlated (0.54) than their long-term average of 0.32, meaning their price movements have been converging.
Fundamentals
AXTI:
$3.07B
AAOI:
$7.57B
AXTI:
$0.08
AAOI:
-$0.62
AXTI:
24.26
AAOI:
13.00
AXTI:
4.08
AAOI:
6.48
AXTI:
$125.51M
AAOI:
$507.00M
AXTI:
$40.39M
AAOI:
$150.29M
AXTI:
$17.91M
AAOI:
-$26.44M
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Return for Risk
AXTI vs. AAOI — Risk / Return Rank
AXTI
AAOI
AXTI vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXT, Inc. (AXTI) 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.
| AXTI | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.33 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 38.57 | 4.79 | +33.78 |
| Martin ratioReturn relative to average drawdown | 117.62 | 13.86 | +103.76 |
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Drawdowns
AXTI vs. AAOI - Drawdown Comparison
The maximum AXTI drawdown since its inception was -98.57%, roughly equal to the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for AXTI and AAOI.
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Drawdown Indicators
| AXTI | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.57% | -98.49% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -73.75% | -65.70% | -8.05% |
Max Drawdown (3Y)Largest decline over 3 years | -78.52% | -77.17% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -88.79% | -82.64% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -92.45% | -98.49% | +6.04% |
Current DrawdownCurrent decline from peak | -57.09% | -57.72% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -82.15% | -65.45% | -16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.14% | 22.67% | +1.47% |
Volatility
AXTI vs. AAOI - Volatility Comparison
AXT, Inc. (AXTI) has a higher volatility of 57.24% compared to Applied Optoelectronics, Inc. (AAOI) at 42.02%. This indicates that AXTI's price experiences larger fluctuations and is considered to be riskier 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
| AXTI | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.24% | 42.02% | +15.22% |
Volatility (6M)Calculated over the trailing 6-month period | 122.91% | 111.21% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 149.65% | 143.64% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.30% | 121.27% | -20.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.23% | 99.35% | -14.12% |
Dividends
AXTI vs. AAOI - Dividend Comparison
Neither AXTI nor AAOI has paid dividends to shareholders.
Financials
AXTI vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between AXT, 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
AXTI vs. AAOI - Profitability Comparison
AXTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AXT, Inc. reported a gross profit of 21.37M and revenue of 47.59M. Therefore, the gross margin over that period was 44.9%.
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
AXTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AXT, Inc. reported an operating income of 10.42M and revenue of 47.59M, resulting in an operating margin of 21.9%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
AXTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AXT, Inc. reported a net income of 11.13M and revenue of 47.59M, resulting in a net margin of 23.4%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
AXTI and AAOI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (57.24%) compared to AAOI (42.02%). In terms of maximum drawdown, AXTI dropped -98.57% vs AAOI's -98.49%.
AXTI currently has the higher Sharpe Ratio (19.01 vs 2.19), 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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