NEGG vs. APLD

Last updated Apr 1, 2026

Compare and contrast key facts about Newegg Commerce, Inc. (NEGG) and Applied Digital Corporation (APLD).

Performance

NEGG vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newegg Commerce, Inc. (NEGG) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

NEGG vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEGG Newegg Commerce, Inc.	-18.62%	540.26%	-68.54%	-3.82%	-87.37%	149.88%	52.57%	-70.00%	-35.23%	16.67%
APLD Applied Digital Corporation	-3.18%	220.94%	13.35%	266.30%	-92.68%	11,789.90%	389.44%	-34.55%	64.99%	-33.33%

Fundamentals

Market Cap NEGG : $805.50M APLD : $6.33B
EPS NEGG : -$1.16 APLD : -$0.51
PS Ratio NEGG : 0.61 APLD : 20.33
PB Ratio NEGG : 7.06 APLD : 4.37
Total Revenue (TTM) NEGG : $1.31B APLD : $281.74M
Gross Profit (TTM) NEGG : $148.16M APLD : $46.19M
EBITDA (TTM) NEGG : -$19.73M APLD : -$49.02M

Returns By Period

In the year-to-date period, NEGG achieves a -18.62% return, which is significantly lower than APLD's -3.18% return. Over the past 10 years, NEGG has underperformed APLD with an annualized return of -17.51%, while APLD has yielded a comparatively higher 75.92% annualized return.

NEGG

• 1D: 9.40%
• 1M: -7.09%
• YTD: -18.62%
• 6M: -1.53%
• 1Y: 702.14%
• 3Y*: 15.52%
• 5Y*: -24.82%
• 10Y*: -17.51%

APLD

• 1D: 15.55%
• 1M: -12.94%
• YTD: -3.18%
• 6M: 3.49%
• 1Y: 322.42%
• 3Y*: 119.66%
• 5Y*: 76.65%
• 10Y*: 75.92%

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

Return for Risk

NEGG vs. APLD — Risk / Return Rank

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

NEGG

NEGG Risk / Return Rank: 96
NEGG Sharpe Ratio Rank: 98
NEGG Sortino Ratio Rank: 97
NEGG Omega Ratio Rank: 94
NEGG Calmar Ratio Rank: 98
NEGG Martin Ratio Rank: 93

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 95
APLD Sortino Ratio Rank: 93
APLD Omega Ratio Rank: 90
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

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.

NEGG vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Newegg Commerce, Inc. (NEGG) 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.

	NEGG	APLD	Difference
Sharpe ratio Return per unit of total volatility	3.41	2.57	+0.84
Sortino ratio Return per unit of downside risk	3.93	3.14	+0.79
Omega ratio Gain probability vs. loss probability	1.46	1.39	+0.07
Calmar ratio Return relative to maximum drawdown	8.47	6.26	+2.21
Martin ratio Return relative to average drawdown	13.44	14.46	-1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEGG vs. APLD - Sharpe Ratio Comparison

The current NEGG Sharpe Ratio is 3.41, which is higher than the APLD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of NEGG and APLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NEGG	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	2.57	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.41	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.12	0.33	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.04	-0.20

Correlation

The correlation between NEGG and APLD is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NEGG vs. APLD - Dividend Comparison

Neither NEGG nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NEGG vs. APLD - Drawdown Comparison

The maximum NEGG drawdown since its inception was -99.83%, roughly equal to the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for NEGG and APLD.

Drawdown Indicators

	NEGG	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-99.70%	-0.13%
Max Drawdown (1Y) Largest decline over 1 year	-75.82%	-50.31%	-25.51%
Max Drawdown (5Y) Largest decline over 5 years	-99.74%	-97.10%	-2.64%
Max Drawdown (10Y) Largest decline over 10 years	-99.74%	-97.10%	-2.64%
Current Drawdown Current decline from peak	-97.95%	-42.59%	-55.36%
Average Drawdown Average peak-to-trough decline	-85.39%	-84.03%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.79%	21.79%	+26.00%

Volatility

NEGG vs. APLD - Volatility Comparison

The current volatility for Newegg Commerce, Inc. (NEGG) is 29.92%, while Applied Digital Corporation (APLD) has a volatility of 32.29%. This indicates that NEGG 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.

Volatility by Period

	NEGG	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.92%	32.29%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	80.11%	77.82%	+2.29%
Volatility (1Y) Calculated over the trailing 1-year period	208.08%	126.27%	+81.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	155.02%	187.90%	-32.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.59%	295.81%	-150.22%

Financials

NEGG vs. APLD - Profitability Comparison

The chart below illustrates the profitability comparison between Newegg Commerce, Inc. and Applied Digital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NEGG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Newegg Commerce, Inc. reported a gross profit of 39.90M and revenue of 347.84M. Therefore, the gross margin over that period was 11.5%.

APLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a gross profit of 26.04M and revenue of 126.59M. Therefore, the gross margin over that period was 20.6%.

NEGG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Newegg Commerce, Inc. reported an operating income of -3.77M and revenue of 347.84M, resulting in an operating margin of -1.1%.

APLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported an operating income of -30.96M and revenue of 126.59M, resulting in an operating margin of -24.5%.

NEGG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Newegg Commerce, Inc. reported a net income of -2.09M and revenue of 347.84M, resulting in a net margin of -0.6%.

APLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Applied Digital Corporation reported a net income of -17.51M and revenue of 126.59M, resulting in a net margin of -13.8%.