CORZ vs. APLD

Last updated Jun 4, 2026

CORZ (Core Scientific, Inc) and APLD (Applied Digital Corporation) are both stocks. CORZ operates in Software - Infrastructure (Technology), while APLD operates in Capital Markets (Financial Services). Over the past year, CORZ returned 145.17% vs 336.20% for APLD. A 0.53 correlation means they provide meaningful diversification when combined.

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 98.70% return, which is significantly higher than APLD's 82.34% return.

CORZ

• 1D: -0.41%
• 1M: 37.11%
• YTD: 98.70%
• 6M: 74.80%
• 1Y: 145.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLD

• 1D: -6.58%
• 1M: 25.48%
• YTD: 82.34%
• 6M: 52.28%
• 1Y: 336.20%
• 3Y*: 69.14%
• 5Y*: 54.74%
• 10Y*: 90.24%

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

CORZ vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORZ Core Scientific, Inc	98.70%	3.63%	308.43%
APLD Applied Digital Corporation	82.34%	220.94%	59.83%

Correlation

The correlation between CORZ and APLD is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.53

The correlation between CORZ and APLD has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.

Fundamentals

Market Cap CORZ : $9.34B APLD : $12.15B
EPS CORZ : -$3.81 APLD : -$0.72
PS Ratio CORZ : 26.05 APLD : 30.30
Total Revenue (TTM) CORZ : $354.74M APLD : $390.57M
Gross Profit (TTM) CORZ : $59.79M APLD : $124.93M
EBITDA (TTM) CORZ : $78.17M APLD : -$154.66M

Return for Risk

CORZ vs. APLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CORZ

CORZ Risk / Return Rank: 84
CORZ Sharpe Ratio Rank: 88
CORZ Sortino Ratio Rank: 83
CORZ Omega Ratio Rank: 82
CORZ Calmar Ratio Rank: 85
CORZ Martin Ratio Rank: 81

APLD

APLD Risk / Return Rank: 92
APLD Sharpe Ratio Rank: 94
APLD Sortino Ratio Rank: 91
APLD Omega Ratio Rank: 86
APLD Calmar Ratio Rank: 94
APLD Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	CORZ	APLD	Difference
Sharpe ratio Return per unit of total volatility	2.03	3.06	-1.03
Sortino ratio Return per unit of downside risk	2.62	3.41	-0.80
Omega ratio Gain probability vs. loss probability	1.34	1.38	-0.05
Calmar ratio Return relative to maximum drawdown	3.58	6.73	-3.15
Martin ratio Return relative to average drawdown	6.94	15.32	-8.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORZ vs. APLD - Sharpe Ratio Comparison

The current CORZ Sharpe Ratio is 2.03, which is lower than the APLD Sharpe Ratio of 3.06. 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.

Sharpe Ratios by Period

	CORZ	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	3.06	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.05	+1.69

Drawdowns

CORZ vs. APLD - Drawdown Comparison

The maximum CORZ drawdown since its inception was -64.95%, smaller than the maximum APLD drawdown of -99.70%. 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%	-99.70%	+34.75%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-50.31%	+9.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-76.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-97.10%	—
Current Drawdown Current decline from peak	-0.41%	-9.95%	+9.54%
Average Drawdown Average peak-to-trough decline	-20.13%	-83.28%	+63.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.99%	22.07%	-1.08%

Volatility

CORZ vs. APLD - Volatility Comparison

The current volatility for Core Scientific, Inc (CORZ) is 20.14%, while Applied Digital Corporation (APLD) has a volatility of 34.53%. This indicates that CORZ 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.

Volatility by Period

	CORZ	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.14%	34.53%	-14.39%
Volatility (6M) Calculated over the trailing 6-month period	47.15%	79.55%	-32.40%
Volatility (1Y) Calculated over the trailing 1-year period	72.26%	110.57%	-38.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.33%	145.02%	-59.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.33%	295.29%	-209.96%

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 0.62, 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?

APLD has higher volatility (34.53%) compared to CORZ (20.14%). In terms of maximum drawdown, CORZ dropped -64.95% vs APLD's -99.70%.

Which has better risk-adjusted returns?

APLD currently has the higher Sharpe Ratio (3.06 vs 2.03), 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.