NBIS vs. APLD

Last updated Jun 6, 2026

NBIS (Nebius Group N.V.) and APLD (Applied Digital Corporation) are both stocks. NBIS operates in Internet Content & Information (Communication Services), while APLD operates in Information Technology Services (Technology). Over the past year, NBIS returned 392.03% vs 210.26% for APLD. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

NBIS vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nebius Group N.V. (NBIS) 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, NBIS achieves a 172.16% return, which is significantly higher than APLD's 61.58% return.

NBIS

• 1D: -12.27%
• 1M: 16.77%
• YTD: 172.16%
• 6M: 132.36%
• 1Y: 392.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLD

• 1D: -10.26%
• 1M: -10.44%
• YTD: 61.58%
• 6M: 26.91%
• 1Y: 210.26%
• 3Y*: 59.91%
• 5Y*: 51.04%
• 10Y*: 87.96%

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

NBIS vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBIS Nebius Group N.V.	172.16%	202.18%	46.25%
APLD Applied Digital Corporation	61.58%	220.94%	-6.60%

Correlation

The correlation between NBIS and APLD is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.53

The correlation between NBIS and APLD has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

Fundamentals

Market Cap NBIS : $70.39B APLD : $10.76B
EPS NBIS : $3.17 APLD : -$0.72
PS Ratio NBIS : 68.36 APLD : 26.85
PB Ratio NBIS : 9.72 APLD : 6.83
Total Revenue (TTM) NBIS : $877.90M APLD : $390.57M
Gross Profit (TTM) NBIS : $420.60M APLD : $124.93M
EBITDA (TTM) NBIS : -$52.78M APLD : -$154.66M

Return for Risk

NBIS vs. APLD — Risk / Return Rank

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

NBIS

NBIS Risk / Return Rank: 95
NBIS Sharpe Ratio Rank: 97
NBIS Sortino Ratio Rank: 94
NBIS Omega Ratio Rank: 90
NBIS Calmar Ratio Rank: 96
NBIS Martin Ratio Rank: 95

APLD

APLD Risk / Return Rank: 86
APLD Sharpe Ratio Rank: 88
APLD Sortino Ratio Rank: 86
APLD Omega Ratio Rank: 80
APLD Calmar Ratio Rank: 89
APLD Martin Ratio Rank: 87

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.

NBIS vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nebius Group N.V. (NBIS) 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.

	NBIS	APLD	Difference
Sharpe ratio: Return per unit of total volatility	3.78	1.97	+1.81
Sortino ratio: Return per unit of downside risk	3.88	2.76	+1.11
Omega ratio: Gain probability vs. loss probability	1.43	1.31	+0.12
Calmar ratio: Return relative to maximum drawdown	8.69	4.21	+4.48
Martin ratio: Return relative to average drawdown	19.96	9.55	+10.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBIS vs. APLD - Sharpe Ratio Comparison

The current NBIS Sharpe Ratio is 3.78, which is higher than the APLD Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of NBIS 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

	NBIS	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.78	1.97	+1.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.31	0.05	+3.26

Drawdowns

NBIS vs. APLD - Drawdown Comparison

The maximum NBIS drawdown since its inception was -58.27%, smaller than the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for NBIS and APLD.

Drawdown Indicators

	NBIS	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-58.27%	-99.70%	+41.43%
Max Drawdown (1Y) Largest decline over 1 year	-45.47%	-50.31%	+4.84%
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	-13.87%	-20.20%	+6.33%
Average Drawdown Average peak-to-trough decline	-19.02%	-83.25%	+64.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.76%	22.12%	-2.36%

Volatility

NBIS vs. APLD - Volatility Comparison

Nebius Group N.V. (NBIS) and Applied Digital Corporation (APLD) have volatilities of 33.78% and 33.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBIS	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.78%	33.02%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	71.42%	80.23%	-8.81%
Volatility (1Y) Calculated over the trailing 1-year period	105.83%	107.39%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.79%	145.03%	-34.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.79%	295.25%	-184.46%

Dividends

NBIS vs. APLD - Dividend Comparison

Neither NBIS nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NBIS and APLD in my portfolio?

NBIS and APLD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBIS or APLD?

NBIS has higher volatility (33.78%) compared to APLD (33.02%). In terms of maximum drawdown, NBIS dropped -58.27% vs APLD's -99.70%.

Which has better risk-adjusted returns?

NBIS currently has the higher Sharpe Ratio (3.78 vs 1.97), 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.