RIOT vs. APLD
RIOT (Riot Platforms, Inc.) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — RIOT in Software - Application, APLD in Information Technology Services. Over the past 10 years, RIOT returned 22.01%/yr vs 110.56%/yr for APLD. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
RIOT vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, RIOT achieves a 73.40% return, which is significantly higher than APLD's 7.57% return. Over the past 10 years, RIOT has underperformed APLD with an annualized return of 22.01%, while APLD has yielded a comparatively higher 110.56% annualized return.
RIOT
- 1D
- -2.49%
- 1M
- -23.10%
- 6M
- 35.37%
- YTD
- 73.40%
- 1Y
- 51.10%
- 3Y*
- 6.13%
- 5Y*
- -7.79%
- 10Y*
- 22.01%
- ALL TIME*
- -12.77%
APLD
- 1D
- -3.00%
- 1M
- -32.65%
- 6M
- -27.10%
- YTD
- 7.57%
- 1Y
- 145.35%
- 3Y*
- 41.02%
- 5Y*
- 84.31%
- 10Y*
- 110.56%
- ALL TIME*
- 25.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $550.39M | $564.06M | $818.39M | |
| $380.85M | $380.03M | $413.09M |
RIOT vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIOT Riot Platforms, Inc. | 73.40% | 24.09% | -34.00% | 356.34% | -84.82% | 31.43% | 1,416.96% | -25.83% | -94.68% | 729.34% |
APLD Applied Digital Corporation | 7.57% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between RIOT and APLD is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.18 |
Over the past year, RIOT and APLD have become more correlated (0.61) than their long-term average of 0.18, meaning their price movements have been converging.
Fundamentals
RIOT:
$8.31B
APLD:
$7.54B
RIOT:
-$2.38
APLD:
-$0.91
RIOT:
12.24
APLD:
11.65
RIOT:
3.19
APLD:
4.40
RIOT:
$653.27M
APLD:
$611.31M
RIOT:
$179.76M
APLD:
$214.45M
RIOT:
-$482.33M
APLD:
-$158.14M
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Return for Risk
RIOT vs. APLD — Risk / Return Rank
RIOT
APLD
RIOT vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Riot Platforms, Inc. (RIOT) 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.
| RIOT | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 2.91 | -1.85 |
| Martin ratioReturn relative to average drawdown | 2.02 | 6.31 | -4.29 |
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Drawdowns
RIOT vs. APLD - Drawdown Comparison
The maximum RIOT drawdown since its inception was -99.98%, roughly equal to the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for RIOT and APLD.
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Drawdown Indicators
| RIOT | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -99.73% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -48.57% | -50.31% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -66.22% | -75.05% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -92.55% | -82.61% | -9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -98.32% | -89.80% | -8.52% |
Current DrawdownCurrent decline from peak | -99.31% | -46.88% | -52.43% |
Average DrawdownAverage peak-to-trough decline | -87.89% | -74.54% | -13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.42% | 23.12% | +2.30% |
Volatility
RIOT vs. APLD - Volatility Comparison
Riot Platforms, Inc. (RIOT) has a higher volatility of 25.74% compared to Applied Digital Corporation (APLD) at 22.81%. This indicates that RIOT's price experiences larger fluctuations and is considered to be riskier 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
| RIOT | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.74% | 22.81% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 61.43% | 73.94% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.81% | 107.39% | -21.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.34% | 164.65% | -71.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.35% | 301.72% | -189.37% |
Dividends
RIOT vs. APLD - Dividend Comparison
Neither RIOT nor APLD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RIOT Riot Platforms, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.52% |
Financials
RIOT vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Riot Platforms, Inc. 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
RIOT and APLD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIOT has higher volatility (25.74%) compared to APLD (22.81%). In terms of maximum drawdown, RIOT dropped -99.98% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (1.36 vs 0.60), 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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