META vs. APLD
META (Meta Platforms, Inc.) and APLD (Applied Digital Corporation) are both stocks. META operates in Internet Content & Information (Communication Services), while APLD operates in Information Technology Services (Technology). Over the past 10 years, META returned 18.14%/yr vs 128.45%/yr for APLD. At a 0.13 correlation, their price movements are largely independent.
Performance
META vs. APLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, META achieves a -9.93% return, which is significantly lower than APLD's 89.52% return. Over the past 10 years, META has underperformed APLD with an annualized return of 18.14%, while APLD has yielded a comparatively higher 128.45% annualized return.
META
- 1D
- 4.77%
- 1M
- -3.29%
- YTD
- -9.93%
- 6M
- -8.18%
- 1Y
- -12.74%
- 3Y*
- 28.68%
- 5Y*
- 12.58%
- 10Y*
- 18.14%
APLD
- 1D
- 8.83%
- 1M
- 9.19%
- YTD
- 89.52%
- 6M
- 102.22%
- 1Y
- 315.65%
- 3Y*
- 73.16%
- 5Y*
- 110.66%
- 10Y*
- 128.45%
META vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
META Meta Platforms, Inc. | -9.93% | 13.09% | 66.05% | 194.13% | -64.22% | 23.13% | 33.09% | 56.57% | -25.71% | 53.38% |
APLD Applied Digital Corporation | 89.52% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between META and APLD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.13 |
The correlation between META and APLD shifts across timeframes, from 0.13 (all time) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
META:
$1.52T
APLD:
$12.62B
META:
$27.47
APLD:
-$0.72
META:
7.10
APLD:
31.50
META:
6.24
APLD:
8.02
META:
$214.96B
APLD:
$390.57M
META:
$176.14B
APLD:
$124.93M
META:
$106.31B
APLD:
-$154.66M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
META vs. APLD — Risk / Return Rank
META
APLD
META vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meta Platforms, Inc. (META) 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.
| META | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 6.32 | -6.70 |
| Martin ratioReturn relative to average drawdown | -0.79 | 15.33 | -16.12 |
Loading charts...
Drawdowns
META vs. APLD - Drawdown Comparison
The maximum META drawdown since its inception was -76.74%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for META and APLD.
Loading charts...
Drawdown Indicators
| META | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -99.73% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -33.30% | -50.31% | +17.01% |
Max Drawdown (3Y)Largest decline over 3 years | -34.15% | -76.66% | +42.51% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -82.61% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -76.74% | -89.80% | +13.06% |
Current DrawdownCurrent decline from peak | -24.63% | -6.40% | -18.23% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -74.85% | +59.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 20.70% | -4.57% |
Volatility
META vs. APLD - Volatility Comparison
The current volatility for Meta Platforms, Inc. (META) is 11.35%, while Applied Digital Corporation (APLD) has a volatility of 34.19%. This indicates that META 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.
Loading charts...
Volatility by Period
| META | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 34.19% | -22.84% |
Volatility (6M)Calculated over the trailing 6-month period | 27.33% | 80.90% | -53.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.89% | 107.00% | -71.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.10% | 165.28% | -121.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.72% | 301.55% | -262.83% |
Dividends
META vs. APLD - Dividend Comparison
META's dividend yield for the trailing twelve months is around 0.44%, while APLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.44% | 0.32% | 0.34% |
Financials
META vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Meta Platforms, Inc. 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
META vs. APLD - Profitability Comparison
META - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported a gross profit of 46.09B and revenue of 56.31B. Therefore, the gross margin over that period was 81.9%.
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
META - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported an operating income of 22.87B and revenue of 56.31B, resulting in an operating margin of 40.6%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
META - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Meta Platforms, Inc. reported a net income of 26.77B and revenue of 56.31B, resulting in a net margin of 47.5%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
META and APLD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (34.19%) compared to META (11.35%). In terms of maximum drawdown, META dropped -76.74% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (2.98 vs -0.36), 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.
Find the right allocation for META and APLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer