NET vs. AAPL
NET (Cloudflare, Inc.) and AAPL (Apple Inc) are both stocks. Both are in the Technology sector — NET in Software - Infrastructure, AAPL in Consumer Electronics. Over the past 5 years, NET returned 19.44%/yr vs 18.59%/yr for AAPL. At a 0.38 correlation, their price movements are largely independent.
Performance
NET vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, NET achieves a 15.89% return, which is significantly higher than AAPL's 7.29% return.
NET
- 1D
- 0.46%
- 1M
- 15.65%
- YTD
- 15.89%
- 6M
- 12.86%
- 1Y
- 32.86%
- 3Y*
- 48.96%
- 5Y*
- 19.44%
- 10Y*
- —
AAPL
- 1D
- -1.52%
- 1M
- -3.03%
- YTD
- 7.29%
- 6M
- 4.81%
- 1Y
- 48.78%
- 3Y*
- 17.21%
- 5Y*
- 18.59%
- 10Y*
- 29.36%
NET vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NET Cloudflare, Inc. | 15.89% | 83.09% | 29.33% | 84.16% | -65.62% | 73.05% | 345.43% | -5.22% |
AAPL Apple Inc | 7.29% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 32.02% |
Correlation
The correlation between NET and AAPL is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.38 |
Over the past year, the correlation between NET and AAPL has dropped to 0.14 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
NET:
$80.57B
AAPL:
$4.30T
NET:
-$0.25
AAPL:
$8.24
NET:
34.18
AAPL:
9.60
NET:
52.77
AAPL:
40.37
NET:
$2.33B
AAPL:
$451.44B
NET:
$1.71B
AAPL:
$216.07B
NET:
$168.53M
AAPL:
$153.63B
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Return for Risk
NET vs. AAPL — Risk / Return Rank
NET
AAPL
NET vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cloudflare, Inc. (NET) and Apple Inc (AAPL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NET | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.40 | -2.48 |
| Martin ratioReturn relative to average drawdown | 1.98 | 8.47 | -6.49 |
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Drawdowns
NET vs. AAPL - Drawdown Comparison
The maximum NET drawdown since its inception was -82.58%, roughly equal to the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for NET and AAPL.
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Drawdown Indicators
| NET | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.58% | -81.80% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.76% | -13.80% | -22.96% |
Max Drawdown (3Y)Largest decline over 3 years | -45.00% | -33.36% | -11.64% |
Max Drawdown (5Y)Largest decline over 5 years | -82.58% | -33.36% | -49.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -16.20% | -7.64% | -8.56% |
Average DrawdownAverage peak-to-trough decline | -37.52% | -29.59% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.09% | 5.53% | +11.56% |
Volatility
NET vs. AAPL - Volatility Comparison
Cloudflare, Inc. (NET) has a higher volatility of 20.99% compared to Apple Inc (AAPL) at 6.73%. This indicates that NET's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NET | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.99% | 6.73% | +14.26% |
Volatility (6M)Calculated over the trailing 6-month period | 53.96% | 16.53% | +37.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.18% | 22.64% | +37.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.52% | 27.52% | +41.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.78% | 28.92% | +38.86% |
Dividends
NET vs. AAPL - Dividend Comparison
NET has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
NET Cloudflare, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NET vs. AAPL - Financials Comparison
This section allows you to compare key financial metrics between Cloudflare, Inc. and Apple Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NET vs. AAPL - Profitability Comparison
NET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cloudflare, Inc. reported a gross profit of 455.60M and revenue of 639.76M. Therefore, the gross margin over that period was 71.2%.
AAPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a gross profit of 54.78B and revenue of 111.18B. Therefore, the gross margin over that period was 49.3%.
NET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cloudflare, Inc. reported an operating income of -61.99M and revenue of 639.76M, resulting in an operating margin of -9.7%.
AAPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported an operating income of 35.89B and revenue of 111.18B, resulting in an operating margin of 32.3%.
NET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cloudflare, Inc. reported a net income of -22.93M and revenue of 639.76M, resulting in a net margin of -3.6%.
AAPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a net income of 29.58B and revenue of 111.18B, resulting in a net margin of 26.6%.
Frequently Asked Questions
NET and AAPL have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NET has higher volatility (20.99%) compared to AAPL (6.73%). In terms of maximum drawdown, NET dropped -82.58% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.07 vs 0.57), 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.
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