MXL vs. AAOI
MXL (MaxLinear, Inc.) and AAOI (Applied Optoelectronics, Inc.) are both stocks. Both are in the Technology sector — MXL in Semiconductors, AAOI in Communication Equipment. Over the past 10 years, MXL returned 18.22%/yr vs 33.09%/yr for AAOI. At a 0.37 correlation, their price movements are largely independent.
Performance
MXL vs. AAOI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXL achieves a 453.30% return, which is significantly higher than AAOI's 391.19% return. Over the past 10 years, MXL has underperformed AAOI with an annualized return of 18.22%, while AAOI has yielded a comparatively higher 33.09% annualized return.
MXL
- 1D
- 8.65%
- 1M
- -2.74%
- YTD
- 453.30%
- 6M
- 434.29%
- 1Y
- 632.27%
- 3Y*
- 49.37%
- 5Y*
- 19.25%
- 10Y*
- 18.22%
AAOI
- 1D
- 5.80%
- 1M
- -5.65%
- YTD
- 391.19%
- 6M
- 337.98%
- 1Y
- 630.19%
- 3Y*
- 240.43%
- 5Y*
- 82.93%
- 10Y*
- 33.09%
MXL vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXL MaxLinear, Inc. | 453.30% | -11.88% | -16.79% | -29.99% | -54.97% | 97.41% | 79.97% | 20.57% | -33.38% | 21.19% |
AAOI Applied Optoelectronics, Inc. | 391.19% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -28.37% | -23.01% | -59.20% | 61.35% |
Correlation
The correlation between MXL and AAOI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.37 |
Fundamentals
MXL:
$8.45B
AAOI:
$13.01B
MXL:
-$1.52
AAOI:
-$0.65
MXL:
16.52
AAOI:
22.49
MXL:
16.87
AAOI:
11.76
MXL:
$508.90M
AAOI:
$507.00M
MXL:
$289.93M
AAOI:
$150.29M
MXL:
-$70.54M
AAOI:
-$26.44M
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
MXL vs. AAOI — Risk / Return Rank
MXL
AAOI
MXL vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MaxLinear, Inc. (MXL) 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.
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.
| MXL | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.44 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 21.52 | 13.35 | +8.17 |
| Martin ratioReturn relative to average drawdown | 59.34 | 36.26 | +23.08 |
Loading charts...
Drawdowns
MXL vs. AAOI - Drawdown Comparison
The maximum MXL drawdown since its inception was -88.13%, smaller than the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for MXL and AAOI.
Loading charts...
Drawdown Indicators
| MXL | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.13% | -98.49% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -29.65% | -47.64% | +17.99% |
Max Drawdown (3Y)Largest decline over 3 years | -73.61% | -77.17% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -88.13% | -83.07% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | -98.49% | +10.36% |
Current DrawdownCurrent decline from peak | -5.70% | -23.25% | +17.55% |
Average DrawdownAverage peak-to-trough decline | -44.97% | -65.60% | +20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 17.51% | -6.78% |
Volatility
MXL vs. AAOI - Volatility Comparison
The current volatility for MaxLinear, Inc. (MXL) is 29.08%, while Applied Optoelectronics, Inc. (AAOI) has a volatility of 42.19%. This indicates that MXL experiences smaller price fluctuations and is considered to be less risky than AAOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXL | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.08% | 42.19% | -13.11% |
Volatility (6M)Calculated over the trailing 6-month period | 83.73% | 109.89% | -26.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.93% | 138.13% | -29.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.31% | 119.66% | -42.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.99% | 98.48% | -32.49% |
Dividends
MXL vs. AAOI - Dividend Comparison
Neither MXL nor AAOI has paid dividends to shareholders.
Financials
MXL vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between MaxLinear, Inc. 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
MXL vs. AAOI - Profitability Comparison
MXL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MaxLinear, Inc. reported a gross profit of 78.88M and revenue of 137.19M. Therefore, the gross margin over that period was 57.5%.
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%.
MXL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MaxLinear, Inc. reported an operating income of -17.21M and revenue of 137.19M, resulting in an operating margin of -12.5%.
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%.
MXL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MaxLinear, Inc. reported a net income of -45.14M and revenue of 137.19M, resulting in a net margin of -32.9%.
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
MXL and AAOI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (42.19%) compared to MXL (29.08%). In terms of maximum drawdown, MXL dropped -88.13% vs AAOI's -98.49%.
MXL currently has the higher Sharpe Ratio (5.87 vs 4.61), 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 MXL and AAOI
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