NEHC vs. APLD

Last updated Apr 1, 2026

Compare and contrast key facts about New Era Helium Inc (NEHC) and Applied Digital Corporation (APLD).

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.

NEHC vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NEHC New Era Helium Inc	38.57%	-51.17%	-29.41%
APLD Applied Digital Corporation	-3.18%	220.94%	-19.75%

Fundamentals

Market Cap NEHC : $115.45M APLD : $6.33B
EPS NEHC : -$1.19 APLD : -$0.51
PS Ratio NEHC : 114.40 APLD : 20.33
Total Revenue (TTM) NEHC : $885.40K APLD : $281.74M
Gross Profit (TTM) NEHC : $0.00 APLD : $46.19M
EBITDA (TTM) NEHC : -$23.59M APLD : -$49.02M

Returns By Period

In the year-to-date period, NEHC achieves a 38.57% return, which is significantly higher than APLD's -3.18% return.

NEHC

• 1D: 9.14%
• 1M: -11.35%
• YTD: 38.57%
• 6M: 120.65%
• 1Y: 256.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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: 83
NEHC Sharpe Ratio Rank: 79
NEHC Sortino Ratio Rank: 91
NEHC Omega Ratio Rank: 86
NEHC Calmar Ratio Rank: 83
NEHC Martin Ratio Rank: 75

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.

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	1.26	2.57	-1.32
Sortino ratio Return per unit of downside risk	3.03	3.14	-0.11
Omega ratio Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio Return relative to maximum drawdown	2.73	6.26	-3.53
Martin ratio Return relative to average drawdown	4.57	14.46	-9.89
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 1.26, which is lower than the APLD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of NEHC 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

	NEHC	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	2.57	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.04	-0.25

Correlation

The correlation between NEHC and APLD is 0.27, 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

NEHC vs. APLD - Dividend Comparison

Neither NEHC nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

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	-69.53%	-50.31%	-19.22%
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	-52.24%	-42.59%	-9.65%
Average Drawdown Average peak-to-trough decline	-69.02%	-84.03%	+15.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.49%	21.79%	+20.70%

Volatility

NEHC vs. APLD - Volatility Comparison

New Era Helium Inc (NEHC) and Applied Digital Corporation (APLD) have volatilities of 33.14% and 32.29%, 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	33.14%	32.29%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	148.62%	77.82%	+70.80%
Volatility (1Y) Calculated over the trailing 1-year period	206.14%	126.27%	+79.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	205.36%	187.90%	+17.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	205.36%	295.81%	-90.45%

Financials