IQE.L vs. AAOI
IQE.L (IQE plc) and AAOI (Applied Optoelectronics, Inc.) are both stocks. Both are in the Technology sector — IQE.L in Semiconductor Equipment & Materials, AAOI in Semiconductors. Over the past 10 years, IQE.L returned 10.16%/yr vs 34.43%/yr for AAOI. At a 0.10 correlation, their price movements are largely independent.
Performance
IQE.L vs. AAOI - Performance Comparison
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Different Trading Currencies
IQE.L is traded in GBp, while AAOI is traded in USD. To make them comparable, the AAOI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQE.L achieves a 887.00% return, which is significantly higher than AAOI's 484.37% return. Over the past 10 years, IQE.L has underperformed AAOI with an annualized return of 10.16%, while AAOI has yielded a comparatively higher 34.43% annualized return.
IQE.L
- 1D
- -4.55%
- 1M
- -1.30%
- YTD
- 887.00%
- 6M
- 871.46%
- 1Y
- 388.61%
- 3Y*
- 31.61%
- 5Y*
- -1.97%
- 10Y*
- 10.16%
AAOI
- 1D
- 0.00%
- 1M
- 15.11%
- YTD
- 484.37%
- 6M
- 658.01%
- 1Y
- 1,162.06%
- 3Y*
- 310.24%
- 5Y*
- 90.92%
- 10Y*
- 34.43%
IQE.L vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQE.L IQE plc | 887.00% | -54.95% | -54.69% | -50.65% | 43.70% | -52.96% | 49.90% | -24.62% | -52.55% | 260.53% |
AAOI Applied Optoelectronics, Inc. | 484.37% | -12.16% | 94.12% | 871.13% | -58.86% | -39.03% | -30.47% | -25.94% | -56.78% | 47.40% |
Correlation
The correlation between IQE.L and AAOI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.10 |
Fundamentals
IQE.L:
£482.54M
AAOI:
$13.45B
IQE.L:
-£0.08
AAOI:
-$0.65
IQE.L:
2.23
AAOI:
23.25
IQE.L:
5.38
AAOI:
12.16
IQE.L:
£215.33M
AAOI:
$507.00M
IQE.L:
£1.21M
AAOI:
$150.29M
IQE.L:
-£9.08M
AAOI:
-$26.44M
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Return for Risk
IQE.L vs. AAOI — Risk / Return Rank
IQE.L
AAOI
IQE.L vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQE plc (IQE.L) and Applied Optoelectronics, Inc. (AAOI). 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.
| IQE.L | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.56 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.86 | 25.23 | -18.37 |
| Martin ratioReturn relative to average drawdown | 12.36 | 70.59 | -58.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQE.L | AAOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 8.63 | -5.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.77 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.35 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.31 | -0.42 |
Drawdowns
IQE.L vs. AAOI - Drawdown Comparison
The maximum IQE.L drawdown since its inception was -99.71%, roughly equal to the maximum AAOI drawdown of -98.33%. Use the drawdown chart below to compare losses from any high point for IQE.L and AAOI.
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Drawdown Indicators
| IQE.L | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.71% | -98.33% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -56.19% | -46.57% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -86.50% | -78.33% | -8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -91.85% | -80.29% | -11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -97.27% | -98.33% | +1.06% |
Current DrawdownCurrent decline from peak | -93.56% | -8.36% | -85.20% |
Average DrawdownAverage peak-to-trough decline | -93.32% | -64.47% | -28.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.26% | 16.61% | +14.65% |
Volatility
IQE.L vs. AAOI - Volatility Comparison
IQE plc (IQE.L) has a higher volatility of 51.08% compared to Applied Optoelectronics, Inc. (AAOI) at 43.76%. This indicates that IQE.L's price experiences larger fluctuations and is considered to be riskier than AAOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQE.L | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.08% | 43.76% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 114.85% | 106.71% | +8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 128.68% | 136.36% | -7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.18% | 118.13% | -37.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.23% | 97.59% | -22.36% |
Dividends
IQE.L vs. AAOI - Dividend Comparison
Neither IQE.L nor AAOI has paid dividends to shareholders.
Financials
IQE.L vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between IQE plc and Applied Optoelectronics, Inc.. 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
IQE.L vs. AAOI - Profitability Comparison
IQE.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IQE plc reported a gross profit of -1.28M and revenue of 52.05M. Therefore, the gross margin over that period was -2.5%.
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a gross profit of 43.92M and revenue of 151.14M. Therefore, the gross margin over that period was 29.1%.
IQE.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IQE plc reported an operating income of -10.38M and revenue of 52.05M, resulting in an operating margin of -19.9%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
IQE.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IQE plc reported a net income of -10.66M and revenue of 52.05M, resulting in a net margin of -20.5%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a net income of -14.28M and revenue of 151.14M, resulting in a net margin of -9.5%.
Frequently Asked Questions
IQE.L and AAOI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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