NEHC vs. APLD

Last updated Jun 3, 2026

NEHC (New Era Helium Inc) and APLD (Applied Digital Corporation) are both stocks. NEHC operates in Oil & Gas E&P (Energy), while APLD operates in Capital Markets (Financial Services). Over the past year, NEHC returned 1048.08% vs 336.20% for APLD. At a 0.27 correlation, their price movements are largely independent.

Performance

NEHC vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Era Helium Inc (NEHC) 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, NEHC achieves a 103.75% return, which is significantly higher than APLD's 82.34% return.

NEHC

• 1D: 6.42%
• 1M: 47.77%
• YTD: 103.75%
• 6M: 36.46%
• 1Y: 1,048.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLD

• 1D: -6.58%
• 1M: 25.48%
• YTD: 82.34%
• 6M: 52.28%
• 1Y: 336.20%
• 3Y*: 69.14%
• 5Y*: 54.74%
• 10Y*: 90.24%

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

NEHC vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NEHC New Era Helium Inc	103.75%	-51.17%	-29.41%
APLD Applied Digital Corporation	82.34%	220.94%	-19.75%

Correlation

The correlation between NEHC and APLD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024	0.27

Fundamentals

Market Cap NEHC : $331.83M APLD : $12.15B
EPS NEHC : -$1.08 APLD : -$0.72
PS Ratio NEHC : 143.00 APLD : 30.30
PB Ratio NEHC : 32.86 APLD : 7.71
Total Revenue (TTM) NEHC : $1.36M APLD : $390.57M
Gross Profit (TTM) NEHC : -$326.46K APLD : $124.93M
EBITDA (TTM) NEHC : -$28.93M APLD : -$154.66M

Return for Risk

NEHC vs. APLD — Risk / Return Rank

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

NEHC

NEHC Risk / Return Rank: 97
NEHC Sharpe Ratio Rank: 99
NEHC Sortino Ratio Rank: 96
NEHC Omega Ratio Rank: 93
NEHC Calmar Ratio Rank: 99
NEHC Martin Ratio Rank: 98

APLD

APLD Risk / Return Rank: 92
APLD Sharpe Ratio Rank: 94
APLD Sortino Ratio Rank: 91
APLD Omega Ratio Rank: 86
APLD Calmar Ratio Rank: 94
APLD Martin Ratio Rank: 93

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.

NEHC vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Era Helium Inc (NEHC) 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.

	NEHC	APLD	Difference
Sharpe ratio Return per unit of total volatility	5.24	3.06	+2.18
Sortino ratio Return per unit of downside risk	4.37	3.41	+0.95
Omega ratio Gain probability vs. loss probability	1.52	1.38	+0.14
Calmar ratio Return relative to maximum drawdown	17.24	6.73	+10.50
Martin ratio Return relative to average drawdown	32.44	15.32	+17.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEHC vs. APLD - Sharpe Ratio Comparison

The current NEHC Sharpe Ratio is 5.24, which is higher than the APLD Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of NEHC 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

	NEHC	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.24	3.06	+2.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.05	-0.16

Drawdowns

NEHC vs. APLD - Drawdown Comparison

The maximum NEHC drawdown since its inception was -96.13%, roughly equal to the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for NEHC and APLD.

Drawdown Indicators

	NEHC	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-96.13%	-99.70%	+3.57%
Max Drawdown (1Y) Largest decline over 1 year	-62.50%	-50.31%	-12.19%
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	-29.76%	-9.95%	-19.81%
Average Drawdown Average peak-to-trough decline	-66.47%	-83.28%	+16.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.21%	22.07%	+11.14%

Volatility

NEHC vs. APLD - Volatility Comparison

New Era Helium Inc (NEHC) and Applied Digital Corporation (APLD) have volatilities of 33.32% and 34.53%, 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

	NEHC	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.32%	34.53%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	106.27%	79.55%	+26.72%
Volatility (1Y) Calculated over the trailing 1-year period	202.11%	110.57%	+91.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	196.38%	145.02%	+51.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	196.38%	295.29%	-98.91%

Dividends

NEHC vs. APLD - Dividend Comparison

Neither NEHC nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NEHC and APLD in my portfolio?

NEHC and APLD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEHC or APLD?

APLD has higher volatility (34.53%) compared to NEHC (33.32%). In terms of maximum drawdown, NEHC dropped -96.13% vs APLD's -99.70%.

Which has better risk-adjusted returns?

NEHC currently has the higher Sharpe Ratio (5.24 vs 3.06), 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.