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 32.89%/yr vs 26.36%/yr for AAOI. At a 0.32 correlation, their price movements are largely independent.
Performance
AXTI vs. AAOI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AXTI having a 249.91% return and AAOI slightly lower at 244.00%. Over the past 10 years, AXTI has outperformed AAOI with an annualized return of 32.89%, while AAOI has yielded a comparatively lower 26.36% annualized return.
AXTI
- 1D
- -8.54%
- 1M
- -41.13%
- 6M
- 148.85%
- YTD
- 249.91%
- 1Y
- 2,500.45%
- 3Y*
- 172.09%
- 5Y*
- 40.63%
- 10Y*
- 32.89%
AAOI
- 1D
- -1.87%
- 1M
- -29.06%
- 6M
- 252.29%
- YTD
- 244.00%
- 1Y
- 322.25%
- 3Y*
- 130.83%
- 5Y*
- 71.77%
- 10Y*
- 26.36%
AXTI vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXTI AXT, Inc. | 249.91% | 653.46% | -9.58% | -45.21% | -50.28% | -7.94% | 120.00% | -0.00% | -50.00% | 81.25% |
AAOI Applied Optoelectronics, Inc. | 244.00% | -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 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.32 |
The correlation between AXTI and AAOI shifts across timeframes, from 0.32 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AXTI:
$2.65B
AAOI:
$9.62B
AXTI:
-$0.30
AAOI:
-$0.62
AXTI:
28.19
AAOI:
16.53
AXTI:
11.24
AAOI:
8.24
AXTI:
$95.89M
AAOI:
$507.00M
AXTI:
$20.46M
AAOI:
$150.29M
AXTI:
-$7.63M
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 | +15.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.35 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 41.21 | 6.71 | +34.50 |
| Martin ratioReturn relative to average drawdown | 131.50 | 16.47 | +115.03 |
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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 | -59.80% | -48.72% | -11.08% |
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 | -59.38% | -46.25% | -13.13% |
Average DrawdownAverage peak-to-trough decline | -82.18% | -65.50% | -16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.70% | 19.81% | -1.11% |
Volatility
AXTI vs. AAOI - Volatility Comparison
AXT, Inc. (AXTI) has a higher volatility of 43.25% compared to Applied Optoelectronics, Inc. (AAOI) at 33.32%. 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 | 43.25% | 33.32% | +9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 115.92% | 108.67% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.47% | 139.13% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.58% | 120.12% | -22.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.53% | 98.65% | -15.12% |
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 Jul 2026, AXT, Inc. reported a gross profit of 7.98M and revenue of 26.92M. Therefore, the gross margin over that period was 29.6%.
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 Jul 2026, AXT, Inc. reported an operating income of -1.59M and revenue of 26.92M, resulting in an operating margin of -5.9%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 Jul 2026, AXT, Inc. reported a net income of -1.62M and revenue of 26.92M, resulting in a net margin of -6.0%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (43.25%) compared to AAOI (33.32%). In terms of maximum drawdown, AXTI dropped -98.57% vs AAOI's -98.49%.
AXTI currently has the higher Sharpe Ratio (17.49 vs 2.35), 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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