NEGG vs. APLD

Last updated Jun 3, 2026

NEGG (Newegg Commerce, Inc.) and APLD (Applied Digital Corporation) are both stocks. NEGG operates in Internet Retail (Consumer Cyclical), while APLD operates in Capital Markets (Financial Services). Over the past 10 years, NEGG returned -22.41%/yr vs 91.54%/yr for APLD. At a 0.11 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, NEGG achieves a -60.62% return, which is significantly lower than APLD's 95.19% return. Over the past 10 years, NEGG has underperformed APLD with an annualized return of -22.41%, while APLD has yielded a comparatively higher 91.54% annualized return.

NEGG

• 1D: 5.66%
• 1M: -41.40%
• YTD: -60.62%
• 6M: -71.55%
• 1Y: 273.99%
• 3Y*: -3.14%
• 5Y*: -36.63%
• 10Y*: -22.41%

APLD

• 1D: -0.17%
• 1M: 42.65%
• YTD: 95.19%
• 6M: 70.62%
• 1Y: 371.99%
• 3Y*: 73.02%
• 5Y*: 58.80%
• 10Y*: 91.54%

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

NEGG vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEGG Newegg Commerce, Inc.	-60.62%	540.26%	-68.54%	-3.82%	-87.37%	149.88%	52.57%	-70.00%	-35.23%	16.67%
APLD Applied Digital Corporation	95.19%	220.94%	13.35%	266.30%	-92.68%	11,789.90%	389.44%	-34.55%	64.99%	-33.33%

Correlation

The correlation between NEGG and APLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Apr 23, 2010	0.11

The correlation between NEGG and APLD shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS NEGG : -$1.16 APLD : -$0.72
PS Ratio NEGG : 0.30 APLD : 32.44
Total Revenue (TTM) NEGG : $1.31B APLD : $390.57M
Gross Profit (TTM) NEGG : $148.16M APLD : $124.93M
EBITDA (TTM) NEGG : -$19.73M APLD : -$154.66M

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: 83
NEGG Sharpe Ratio Rank: 79
NEGG Sortino Ratio Rank: 89
NEGG Omega Ratio Rank: 84
NEGG Calmar Ratio Rank: 86
NEGG Martin Ratio Rank: 77

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 96
APLD Sortino Ratio Rank: 92
APLD Omega Ratio Rank: 88
APLD Calmar Ratio Rank: 98
APLD Martin Ratio Rank: 97

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	1.40	3.40	-2.00
Sortino ratio Return per unit of downside risk	3.13	3.56	-0.43
Omega ratio Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio Return relative to maximum drawdown	3.66	11.94	-8.28
Martin ratio Return relative to average drawdown	5.58	27.23	-21.65
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 1.40, which is lower than the APLD Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of NEGG 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

	NEGG	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	3.40	-2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.41	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.15	0.41	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.05	-0.24

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	-85.50%	-50.31%	-35.19%
Max Drawdown (3Y) Largest decline over 3 years	-90.28%	-76.66%	-13.62%
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	-99.01%	-3.61%	-95.40%
Average Drawdown Average peak-to-trough decline	-85.53%	-83.30%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.14%	22.06%	+34.08%

Volatility

NEGG vs. APLD - Volatility Comparison

The current volatility for Newegg Commerce, Inc. (NEGG) is 23.16%, while Applied Digital Corporation (APLD) has a volatility of 33.83%. 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	23.16%	33.83%	-10.67%
Volatility (6M) Calculated over the trailing 6-month period	63.71%	79.30%	-15.59%
Volatility (1Y) Calculated over the trailing 1-year period	197.29%	120.15%	+77.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.35%	145.10%	+7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.21%	295.34%	-150.13%

Dividends

NEGG vs. APLD - Dividend Comparison

Neither NEGG nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NEGG and APLD in my portfolio?

NEGG and APLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEGG or APLD?

APLD has higher volatility (33.83%) compared to NEGG (23.16%). In terms of maximum drawdown, NEGG dropped -99.83% vs APLD's -99.70%.

Which has better risk-adjusted returns?

APLD currently has the higher Sharpe Ratio (3.40 vs 1.40), 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.