CDNL vs. APLD
CDNL (Cardinal Infrastructure Group Inc.) and APLD (Applied Digital Corporation) are both stocks. CDNL operates in Engineering & Construction (Industrials), while APLD operates in Information Technology Services (Technology). At a 0.15 correlation, their price movements are largely independent.
Performance
CDNL vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, CDNL achieves a 181.80% return, which is significantly higher than APLD's 27.04% return.
CDNL
- 1D
- -3.50%
- 1M
- -0.86%
- 6M
- 191.70%
- YTD
- 181.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLD
- 1D
- -3.53%
- 1M
- -27.05%
- 6M
- -17.33%
- YTD
- 27.04%
- 1Y
- 239.32%
- 3Y*
- 54.54%
- 5Y*
- 78.07%
- 10Y*
- 119.50%
CDNL vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CDNL Cardinal Infrastructure Group Inc. | 181.80% | 5.13% |
APLD Applied Digital Corporation | 27.04% | -25.18% |
Correlation
The correlation between CDNL and APLD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.15 |
Fundamentals
CDNL:
$1.04B
APLD:
$8.90B
CDNL:
$1.17
APLD:
-$0.72
CDNL:
1.85
APLD:
21.11
CDNL:
3.93
APLD:
5.37
CDNL:
$520.57M
APLD:
$390.57M
CDNL:
$108.53M
APLD:
$124.93M
CDNL:
$66.22M
APLD:
-$154.66M
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Return for Risk
CDNL vs. APLD — Risk / Return Rank
CDNL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APLD
CDNL vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Infrastructure Group Inc. (CDNL) and Applied Digital Corporation (APLD). 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.
| CDNL | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.68 | — |
| Martin ratioReturn relative to average drawdown | — | 11.00 | — |
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Drawdowns
CDNL vs. APLD - Drawdown Comparison
The maximum CDNL drawdown since its inception was -27.75%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for CDNL and APLD.
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Drawdown Indicators
| CDNL | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -99.73% | +71.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.31% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.80% | — |
Current DrawdownCurrent decline from peak | -27.75% | -37.26% | +9.51% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -74.62% | +65.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.36% | — |
Volatility
CDNL vs. APLD - Volatility Comparison
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Volatility by Period
| CDNL | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 74.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 90.40% | 106.60% | -16.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.40% | 164.77% | -74.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.40% | 301.56% | -211.16% |
Dividends
CDNL vs. APLD - Dividend Comparison
Neither CDNL nor APLD has paid dividends to shareholders.
Financials
CDNL vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Cardinal Infrastructure Group Inc. and Applied Digital Corporation. 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
CDNL vs. APLD - Profitability Comparison
CDNL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Cardinal Infrastructure Group Inc. reported a gross profit of 34.19M and revenue of 167.51M. Therefore, the gross margin over that period was 20.4%.
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.
CDNL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Cardinal Infrastructure Group Inc. reported an operating income of 14.78M and revenue of 167.51M, resulting in an operating margin of 8.8%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
CDNL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Cardinal Infrastructure Group Inc. reported a net income of 13.59M and revenue of 167.51M, resulting in a net margin of 8.1%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
Frequently Asked Questions
CDNL and APLD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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