CORZ vs. APLD

Last updated Aug 1, 2026

CORZ (Core Scientific, Inc) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — CORZ in Software - Infrastructure, APLD in Information Technology Services. Over the past year, CORZ returned 63.79% vs 118.77% for APLD. Their 0.55 correlation means they have sometimes moved together and sometimes differently.

Performance

CORZ vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Scientific, Inc (CORZ) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORZ achieves a 42.31% return, which is significantly higher than APLD's 11.70% return.

CORZ

• 1D: -5.00%
• 1M: -3.31%
• 6M: 15.18%
• YTD: 42.31%
• 1Y: 63.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 68.80%

APLD

• 1D: -2.07%
• 1M: -17.15%
• 6M: -19.16%
• YTD: 11.70%
• 1Y: 118.77%
• 3Y*: 43.55%
• 5Y*: 84.53%
• 10Y*: 111.35%
• ALL TIME*: 26.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APLD Applied Digital Corporation	$653.03M	$590.08M	$826.73M
CORZ Core Scientific, Inc	$323.10M	$271.30M	$336.93M

CORZ vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORZ Core Scientific, Inc	42.31%	3.63%	153.15%
APLD Applied Digital Corporation	11.70%	220.94%	58.18%

Correlation

The correlation between CORZ and APLD is 0.69, 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.	0.69
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.55

The correlation between CORZ and APLD shifts across timeframes, from 0.55 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CORZ : $6.66B APLD : $7.83B
EPS CORZ : -$4.47 APLD : -$0.91
PS Ratio CORZ : 15.12 APLD : 12.10
Total Revenue (TTM) CORZ : $440.31M APLD : $611.31M
Gross Profit (TTM) CORZ : $124.45M APLD : $214.45M
EBITDA (TTM) CORZ : -$1.14B APLD : -$158.14M

Return for Risk

CORZ vs. APLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CORZ

CORZ Risk / Return Rank: 69
CORZ Sharpe Ratio Rank: 70
CORZ Sortino Ratio Rank: 69
CORZ Omega Ratio Rank: 67
CORZ Calmar Ratio Rank: 71
CORZ Martin Ratio Rank: 69

APLD

APLD Risk / Return Rank: 78
APLD Sharpe Ratio Rank: 76
APLD Sortino Ratio Rank: 80
APLD Omega Ratio Rank: 75
APLD Calmar Ratio Rank: 79
APLD Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CORZ vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Core Scientific, Inc (CORZ) 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.

	CORZ	APLD	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.03	-0.27
Sortino ratio: Return per unit of downside risk	1.44	2.02	-0.58
Omega ratio: Gain probability vs. loss probability	1.17	1.23	-0.05
Calmar ratio: Return relative to maximum drawdown	1.31	2.05	-0.74
Martin ratio: Return relative to average drawdown	2.68	4.56	-1.88

CORZ vs. APLD - Sharpe Ratio Comparison

The current CORZ Sharpe Ratio is 0.77, which is comparable to the APLD Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CORZ and APLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CORZ vs. APLD - Drawdown Comparison

The maximum CORZ drawdown since its inception was -64.95%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for CORZ and APLD.

Drawdown Indicators

	CORZ	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-64.95%	-99.73%	+34.78%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-53.23%	+12.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-71.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.80%	—
Current Drawdown Current decline from peak	-28.94%	-44.83%	+15.89%
Average Drawdown Average peak-to-trough decline	-23.25%	-74.51%	+51.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.88%	23.87%	-3.99%

Volatility

CORZ vs. APLD - Volatility Comparison

Core Scientific, Inc (CORZ) and Applied Digital Corporation (APLD) have volatilities of 33.88% and 32.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORZ	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.88%	32.97%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	55.23%	76.00%	-20.77%
Volatility (1Y) Calculated over the trailing 1-year period	69.36%	109.72%	-40.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.30%	164.94%	-75.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.30%	301.14%	-211.84%

Dividends

CORZ vs. APLD - Dividend Comparison

Neither CORZ nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CORZ and APLD in my portfolio?

CORZ and APLD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORZ or APLD?

CORZ has higher volatility (33.88%) compared to APLD (32.97%). In terms of maximum drawdown, CORZ dropped -64.95% vs APLD's -99.73%.

Which has better risk-adjusted returns?

APLD currently has the higher Sharpe Ratio (1.03 vs 0.77), 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.