NKTR vs. APLD
NKTR (Nektar Therapeutics) and APLD (Applied Digital Corporation) are both stocks. NKTR operates in Biotechnology (Healthcare), while APLD operates in Information Technology Services (Technology). Over the past 10 years, NKTR returned -11.08%/yr vs 127.86%/yr for APLD. At a 0.08 correlation, their price movements are largely independent.
Performance
NKTR vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, NKTR achieves a 57.73% return, which is significantly lower than APLD's 84.62% return. Over the past 10 years, NKTR has underperformed APLD with an annualized return of -11.08%, while APLD has yielded a comparatively higher 127.86% annualized return.
NKTR
- 1D
- 1.51%
- 1M
- 0.12%
- YTD
- 57.73%
- 6M
- 50.00%
- 1Y
- 599.06%
- 3Y*
- 97.10%
- 5Y*
- -23.55%
- 10Y*
- -11.08%
APLD
- 1D
- 0.15%
- 1M
- -1.31%
- YTD
- 84.62%
- 6M
- 73.58%
- 1Y
- 358.66%
- 3Y*
- 77.54%
- 5Y*
- 100.71%
- 10Y*
- 127.86%
NKTR vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NKTR Nektar Therapeutics | 57.73% | 203.08% | 64.60% | -75.00% | -83.27% | -20.53% | -21.26% | -34.32% | -44.96% | 386.72% |
APLD Applied Digital Corporation | 84.62% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between NKTR and APLD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.08 |
The correlation between NKTR and APLD shifts across timeframes, from 0.08 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NKTR:
$1.65B
APLD:
$12.30B
NKTR:
-$8.64
APLD:
-$0.72
NKTR:
21.94
APLD:
30.68
NKTR:
2.86
APLD:
7.81
NKTR:
$55.63M
APLD:
$390.57M
NKTR:
$44.58M
APLD:
$124.93M
NKTR:
-$121.05M
APLD:
-$154.66M
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Return for Risk
NKTR vs. APLD — Risk / Return Rank
NKTR
APLD
NKTR vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nektar Therapeutics (NKTR) 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.
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.
| NKTR | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.40 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 12.99 | 7.18 | +5.81 |
| Martin ratioReturn relative to average drawdown | 27.75 | 17.65 | +10.10 |
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Drawdowns
NKTR vs. APLD - Drawdown Comparison
The maximum NKTR drawdown since its inception was -99.61%, roughly equal to the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for NKTR and APLD.
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Drawdown Indicators
| NKTR | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.61% | -99.73% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -46.54% | -50.31% | +3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -73.20% | -76.66% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -97.76% | -82.61% | -15.15% |
Max Drawdown (10Y)Largest decline over 10 years | -99.61% | -89.80% | -9.81% |
Current DrawdownCurrent decline from peak | -95.90% | -8.82% | -87.08% |
Average DrawdownAverage peak-to-trough decline | -68.35% | -74.76% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.74% | 20.44% | +1.30% |
Volatility
NKTR vs. APLD - Volatility Comparison
The current volatility for Nektar Therapeutics (NKTR) is 14.19%, while Applied Digital Corporation (APLD) has a volatility of 22.67%. This indicates that NKTR 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.
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Volatility by Period
| NKTR | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.19% | 22.67% | -8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 60.56% | 76.66% | -16.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 181.62% | 106.58% | +75.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.88% | 165.08% | -43.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.17% | 301.63% | -204.46% |
Dividends
NKTR vs. APLD - Dividend Comparison
Neither NKTR nor APLD has paid dividends to shareholders.
Financials
NKTR vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Nektar Therapeutics and Applied Digital Corporation. 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
Frequently Asked Questions
NKTR and APLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (22.67%) compared to NKTR (14.19%). In terms of maximum drawdown, NKTR dropped -99.61% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (3.40 vs 3.33), 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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