REFR vs. AAPL
REFR (Research Frontiers Incorporated) and AAPL (Apple Inc) are both stocks. Both are in the Technology sector — REFR in Electronic Components, AAPL in Consumer Electronics. Over the past 10 years, REFR returned -15.38%/yr vs 29.85%/yr for AAPL. At a 0.13 correlation, their price movements are largely independent.
Performance
REFR vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, REFR achieves a -43.66% return, which is significantly lower than AAPL's 13.26% return. Over the past 10 years, REFR has underperformed AAPL with an annualized return of -15.38%, while AAPL has yielded a comparatively higher 29.85% annualized return.
REFR
- 1D
- -1.60%
- 1M
- -15.75%
- YTD
- -43.66%
- 6M
- -54.44%
- 1Y
- -63.47%
- 3Y*
- -24.13%
- 5Y*
- -21.96%
- 10Y*
- -15.38%
AAPL
- 1D
- -1.25%
- 1M
- 7.00%
- YTD
- 13.26%
- 6M
- 10.45%
- 1Y
- 53.80%
- 3Y*
- 20.25%
- 5Y*
- 20.16%
- 10Y*
- 29.85%
REFR vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REFR Research Frontiers Incorporated | -43.66% | -23.39% | 69.31% | -47.12% | 11.05% | -38.79% | -6.64% | 92.95% | 50.00% | -42.86% |
AAPL Apple Inc | 13.26% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between REFR and AAPL is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 1993 | 0.13 |
Fundamentals
REFR:
$25.21M
AAPL:
$4.54T
REFR:
-$0.07
AAPL:
$8.24
REFR:
44.40
AAPL:
10.13
REFR:
14.14
AAPL:
42.62
REFR:
$561.47K
AAPL:
$451.44B
REFR:
$561.47K
AAPL:
$216.07B
REFR:
-$1.75M
AAPL:
$153.63B
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Return for Risk
REFR vs. AAPL — Risk / Return Rank
REFR
AAPL
REFR vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Frontiers Incorporated (REFR) 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.
| REFR | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.28 | ||
| Sortino ratioReturn per unit of downside risk | -4.83 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.43 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 3.92 | -4.84 |
| Martin ratioReturn relative to average drawdown | -1.49 | 9.86 | -11.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REFR | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | 2.42 | -3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.74 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 1.04 | -1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.44 | -0.55 |
Drawdowns
REFR vs. AAPL - Drawdown Comparison
The maximum REFR drawdown since its inception was -98.46%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for REFR and AAPL.
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Drawdown Indicators
| REFR | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.46% | -81.80% | -16.66% |
Max Drawdown (1Y)Largest decline over 1 year | -68.73% | -13.80% | -54.93% |
Max Drawdown (3Y)Largest decline over 3 years | -68.73% | -33.36% | -35.37% |
Max Drawdown (5Y)Largest decline over 5 years | -74.37% | -33.36% | -41.01% |
Max Drawdown (10Y)Largest decline over 10 years | -86.43% | -38.52% | -47.91% |
Current DrawdownCurrent decline from peak | -98.09% | -2.49% | -95.60% |
Average DrawdownAverage peak-to-trough decline | -76.45% | -29.61% | -46.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.66% | 5.47% | +37.19% |
Volatility
REFR vs. AAPL - Volatility Comparison
Research Frontiers Incorporated (REFR) has a higher volatility of 12.87% compared to Apple Inc (AAPL) at 5.23%. This indicates that REFR'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
| REFR | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 5.23% | +7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 44.67% | 15.92% | +28.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.38% | 22.35% | +52.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.65% | 27.45% | +41.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.48% | 28.89% | +44.59% |
Dividends
REFR vs. AAPL - Dividend Comparison
REFR has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
REFR Research Frontiers Incorporated | 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
REFR vs. AAPL - Financials Comparison
This section allows you to compare key financial metrics between Research Frontiers Incorporated 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
Frequently Asked Questions
REFR and AAPL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REFR has higher volatility (12.87%) compared to AAPL (5.23%). In terms of maximum drawdown, REFR dropped -98.46% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.42 vs -0.86), 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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