COHR vs. APLD
COHR (Coherent Corp.) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — COHR in Scientific & Technical Instruments, APLD in Information Technology Services. Over the past 10 years, COHR returned 33.27%/yr vs 121.10%/yr for APLD. At a 0.12 correlation, their price movements are largely independent.
Performance
COHR vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 81.88% return, which is significantly higher than APLD's 36.62% return. Over the past 10 years, COHR has underperformed APLD with an annualized return of 33.27%, while APLD has yielded a comparatively higher 121.10% annualized return.
COHR
- 1D
- 0.70%
- 1M
- -10.95%
- 6M
- 80.14%
- YTD
- 81.88%
- 1Y
- 269.31%
- 3Y*
- 86.85%
- 5Y*
- 36.00%
- 10Y*
- 33.27%
APLD
- 1D
- 1.33%
- 1M
- -15.45%
- 6M
- 10.93%
- YTD
- 36.62%
- 1Y
- 220.57%
- 3Y*
- 58.77%
- 5Y*
- 79.45%
- 10Y*
- 121.10%
COHR vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent Corp. | 81.88% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
APLD Applied Digital Corporation | 36.62% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between COHR and APLD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.12 |
Over the past year, COHR and APLD have become more correlated (0.38) than their long-term average of 0.12, meaning their price movements have been converging.
Fundamentals
COHR:
$53.23B
APLD:
$9.57B
COHR:
$1.85K
APLD:
-$0.72
COHR:
0.02
APLD:
22.71
COHR:
$1.81T
APLD:
$390.57M
COHR:
$1.76B
APLD:
$124.93M
COHR:
$960.76M
APLD:
-$154.66M
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Return for Risk
COHR vs. APLD — Risk / Return Rank
COHR
APLD
COHR vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent Corp. (COHR) 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.
| COHR | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 10.23 | 4.41 | +5.82 |
| Martin ratioReturn relative to average drawdown | 27.00 | 10.63 | +16.37 |
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Drawdowns
COHR vs. APLD - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for COHR and APLD.
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Drawdown Indicators
| COHR | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -99.73% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -50.31% | +23.79% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -76.66% | +21.81% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -82.61% | +19.74% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | -89.80% | +17.58% |
Current DrawdownCurrent decline from peak | -21.36% | -32.53% | +11.17% |
Average DrawdownAverage peak-to-trough decline | -34.98% | -74.66% | +39.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 20.91% | -10.88% |
Volatility
COHR vs. APLD - Volatility Comparison
Coherent Corp. (COHR) has a higher volatility of 30.34% compared to Applied Digital Corporation (APLD) at 22.03%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier 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
| COHR | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.34% | 22.03% | +8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 60.62% | 75.71% | -15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.60% | 106.79% | -30.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.43% | 164.81% | -102.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.98% | 301.68% | -244.70% |
Dividends
COHR vs. APLD - Dividend Comparison
Neither COHR nor APLD has paid dividends to shareholders.
Financials
COHR vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Coherent Corp. 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
COHR vs. APLD - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Coherent Corp. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
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%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Coherent Corp. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
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%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Coherent Corp. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
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
COHR and APLD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (30.34%) compared to APLD (22.03%). In terms of maximum drawdown, COHR dropped -80.89% vs APLD's -99.73%.
COHR currently has the higher Sharpe Ratio (3.55 vs 2.08), 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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