FFOG vs. APLD
FFOG (Franklin Focused Growth ETF) is Large Cap Growth Equities fund actively managed by Franklin Templeton, while APLD (Applied Digital Corporation) is a stock. Over the past year, FFOG returned 17.51% vs 358.66% for APLD. At a 0.42 correlation, their price movements are largely independent.
Performance
FFOG vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, FFOG achieves a 5.41% return, which is significantly lower than APLD's 84.62% return.
FFOG
- 1D
- -3.52%
- 1M
- -1.89%
- YTD
- 5.41%
- 6M
- 3.83%
- 1Y
- 17.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLD
- 1D
- 0.15%
- 1M
- -1.31%
- YTD
- 84.62%
- 6M
- 73.58%
- 1Y
- 358.66%
- 3Y*
- 77.54%
- 5Y*
- 100.71%
- 10Y*
- 127.86%
FFOG vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FFOG Franklin Focused Growth ETF | 5.41% | 17.09% | 38.20% | 12.25% |
APLD Applied Digital Corporation | 84.62% | 220.94% | 13.35% | 23.44% |
Correlation
The correlation between FFOG and APLD is 0.53, 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 | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.42 |
The correlation between FFOG and APLD shifts across timeframes, from 0.42 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FFOG vs. APLD — Risk / Return Rank
FFOG
APLD
FFOG vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Focused Growth ETF (FFOG) 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.
| FFOG | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 7.18 | -6.38 |
| Martin ratioReturn relative to average drawdown | 2.35 | 17.65 | -15.30 |
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Drawdowns
FFOG vs. APLD - Drawdown Comparison
The maximum FFOG drawdown since its inception was -25.38%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for FFOG and APLD.
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Drawdown Indicators
| FFOG | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.38% | -99.73% | +74.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -50.31% | +28.41% |
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 | -5.68% | -8.82% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -74.76% | +70.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.46% | 20.44% | -12.98% |
Volatility
FFOG vs. APLD - Volatility Comparison
The current volatility for Franklin Focused Growth ETF (FFOG) is 9.49%, while Applied Digital Corporation (APLD) has a volatility of 22.67%. This indicates that FFOG 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
| FFOG | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.49% | 22.67% | -13.18% |
Volatility (6M)Calculated over the trailing 6-month period | 17.45% | 76.66% | -59.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 106.58% | -84.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.19% | 165.08% | -140.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.19% | 301.63% | -277.44% |
Dividends
FFOG vs. APLD - Dividend Comparison
Neither FFOG nor APLD has paid dividends to shareholders.
Frequently Asked Questions
FFOG and APLD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (22.67%) compared to FFOG (9.49%). In terms of maximum drawdown, FFOG dropped -25.38% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (3.40 vs 0.81), 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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