CLSK vs. APLD
CLSK (CleanSpark, Inc.) and APLD (Applied Digital Corporation) are both stocks. CLSK operates in Capital Markets (Financial Services), while APLD operates in Information Technology Services (Technology). Over the past 10 years, CLSK returned -5.38%/yr vs 128.36%/yr for APLD. At a 0.28 correlation, their price movements are largely independent.
Performance
CLSK vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, CLSK achieves a 70.55% return, which is significantly lower than APLD's 88.70% return. Over the past 10 years, CLSK has underperformed APLD with an annualized return of -5.38%, while APLD has yielded a comparatively higher 128.36% annualized return.
CLSK
- 1D
- 0.70%
- 1M
- 31.66%
- YTD
- 70.55%
- 6M
- 45.53%
- 1Y
- 79.42%
- 3Y*
- 64.46%
- 5Y*
- -2.76%
- 10Y*
- -5.38%
APLD
- 1D
- -0.43%
- 1M
- 8.72%
- YTD
- 88.70%
- 6M
- 90.88%
- 1Y
- 300.61%
- 3Y*
- 72.91%
- 5Y*
- 107.95%
- 10Y*
- 128.36%
CLSK vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLSK CleanSpark, Inc. | 70.55% | 9.88% | -16.50% | 440.69% | -78.57% | -67.23% | 442.99% | -73.90% | -15.98% | -30.29% |
APLD Applied Digital Corporation | 88.70% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between CLSK and APLD is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2016 | 0.28 |
Over the past year, CLSK and APLD have become more correlated (0.58) than their long-term average of 0.28, meaning their price movements have been converging.
Fundamentals
CLSK:
-$2.24
APLD:
-$0.72
CLSK:
5.22
APLD:
31.36
CLSK:
$739.88M
APLD:
$390.57M
CLSK:
$306.93M
APLD:
$124.93M
CLSK:
-$103.41M
APLD:
-$154.66M
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Return for Risk
CLSK vs. APLD — Risk / Return Rank
CLSK
APLD
CLSK vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CleanSpark, Inc. (CLSK) 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.
| CLSK | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 6.02 | -4.79 |
| Martin ratioReturn relative to average drawdown | 2.04 | 14.73 | -12.69 |
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Drawdowns
CLSK vs. APLD - Drawdown Comparison
The maximum CLSK drawdown since its inception was -98.56%, roughly equal to the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for CLSK and APLD.
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Drawdown Indicators
| CLSK | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -99.73% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -64.74% | -50.31% | -14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -71.28% | -76.66% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -92.00% | -82.61% | -9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -98.56% | -89.80% | -8.76% |
Current DrawdownCurrent decline from peak | -76.36% | -6.81% | -69.55% |
Average DrawdownAverage peak-to-trough decline | -69.76% | -74.83% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.02% | 20.71% | +18.31% |
Volatility
CLSK vs. APLD - Volatility Comparison
The current volatility for CleanSpark, Inc. (CLSK) is 22.12%, while Applied Digital Corporation (APLD) has a volatility of 32.78%. This indicates that CLSK experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSK | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.12% | 32.78% | -10.66% |
Volatility (6M)Calculated over the trailing 6-month period | 62.59% | 80.24% | -17.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.76% | 106.79% | -18.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.80% | 165.05% | -64.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.30% | 301.55% | -118.25% |
Dividends
CLSK vs. APLD - Dividend Comparison
Neither CLSK nor APLD has paid dividends to shareholders.
Financials
CLSK vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between CleanSpark, 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
Frequently Asked Questions
CLSK and APLD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (32.78%) compared to CLSK (22.12%). In terms of maximum drawdown, CLSK dropped -98.56% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (2.84 vs 0.90), 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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