SEI vs. APLD

Last updated Jun 9, 2026

SEI (Solaris Energy Infrastructure, Inc) and APLD (Applied Digital Corporation) are both stocks. SEI operates in Oil & Gas Equipment & Services (Energy), while APLD operates in Information Technology Services (Technology). Over the past 5 years, SEI returned 52.77%/yr vs 111.39%/yr for APLD. At a 0.13 correlation, their price movements are largely independent.

Performance

SEI vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solaris Energy Infrastructure, Inc (SEI) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEI achieves a 57.74% return, which is significantly lower than APLD's 66.99% return.

SEI

• 1D: 4.06%
• 1M: -0.85%
• YTD: 57.74%
• 6M: 35.54%
• 1Y: 143.14%
• 3Y*: 111.29%
• 5Y*: 52.77%
• 10Y*: —

APLD

• 1D: 3.34%
• 1M: -0.74%
• YTD: 66.99%
• 6M: 27.51%
• 1Y: 195.42%
• 3Y*: 72.37%
• 5Y*: 111.39%
• 10Y*: 120.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEI vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEI Solaris Energy Infrastructure, Inc	57.74%	62.29%	277.66%	-15.75%	57.46%	-15.55%	-38.09%	19.10%	-43.06%	85.37%
APLD Applied Digital Corporation	66.99%	220.94%	13.35%	266.30%	-56.09%	11,789.90%	389.44%	-34.55%	64.99%	-39.39%

Correlation

The correlation between SEI and APLD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 15, 2017	0.13

Over the past year, SEI and APLD have become more correlated (0.43) than their long-term average of 0.13, meaning their price movements have been converging.

Fundamentals

Market Cap SEI : $3.57B APLD : $11.12B
EPS SEI : $1.03 APLD : -$0.72
PS Ratio SEI : 4.71 APLD : 27.75
PB Ratio SEI : 4.58 APLD : 7.06
Total Revenue (TTM) SEI : $692.11M APLD : $390.57M
Gross Profit (TTM) SEI : $235.28M APLD : $124.93M
EBITDA (TTM) SEI : $249.65M APLD : -$154.66M

Return for Risk

SEI vs. APLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEI

SEI Risk / Return Rank: 88
SEI Sharpe Ratio Rank: 89
SEI Sortino Ratio Rank: 83
SEI Omega Ratio Rank: 81
SEI Calmar Ratio Rank: 93
SEI Martin Ratio Rank: 92

APLD

APLD Risk / Return Rank: 86
APLD Sharpe Ratio Rank: 87
APLD Sortino Ratio Rank: 86
APLD Omega Ratio Rank: 81
APLD Calmar Ratio Rank: 88
APLD Martin Ratio Rank: 86

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.

SEI vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solaris Energy Infrastructure, Inc (SEI) 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.

	SEI	APLD	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.84	+0.12
Sortino ratio: Return per unit of downside risk	2.45	2.68	-0.23
Omega ratio: Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	5.45	3.91	+1.54
Martin ratio: Return relative to average drawdown	13.72	9.14	+4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEI vs. APLD - Sharpe Ratio Comparison

The current SEI Sharpe Ratio is 1.96, which is comparable to the APLD Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SEI and APLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEI	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.84	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.68	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.08	+0.35

Drawdowns

SEI vs. APLD - Drawdown Comparison

The maximum SEI drawdown since its inception was -79.49%, smaller than the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for SEI and APLD.

Drawdown Indicators

	SEI	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.49%	-99.70%	+20.21%
Max Drawdown (1Y) Largest decline over 1 year	-26.43%	-50.31%	+23.88%
Max Drawdown (3Y) Largest decline over 3 years	-55.37%	-76.66%	+21.29%
Max Drawdown (5Y) Largest decline over 5 years	-55.37%	-82.61%	+27.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-89.80%	—
Current Drawdown Current decline from peak	-7.95%	-17.53%	+9.58%
Average Drawdown Average peak-to-trough decline	-38.65%	-74.49%	+35.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	22.15%	-11.60%

Volatility

SEI vs. APLD - Volatility Comparison

The current volatility for Solaris Energy Infrastructure, Inc (SEI) is 17.54%, while Applied Digital Corporation (APLD) has a volatility of 32.64%. This indicates that SEI 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.

Volatility by Period

	SEI	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.54%	32.64%	-15.10%
Volatility (6M) Calculated over the trailing 6-month period	51.78%	80.09%	-28.31%
Volatility (1Y) Calculated over the trailing 1-year period	73.80%	107.26%	-33.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.56%	165.20%	-98.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.17%	301.59%	-239.42%

Dividends

SEI vs. APLD - Dividend Comparison

SEI's dividend yield for the trailing twelve months is around 0.66%, while APLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
APLD Applied Digital Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEI Solaris Energy Infrastructure, Inc	0.66%	1.04%	1.67%	5.65%	4.23%	6.41%	5.16%	2.89%	0.83%

Financials

SEI vs. APLD - Profitability Comparison

The chart below illustrates the profitability comparison between Solaris Energy Infrastructure, Inc and Applied Digital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SEI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Solaris Energy Infrastructure, Inc reported a gross profit of 72.72M and revenue of 196.24M. Therefore, the gross margin over that period was 37.1%.

APLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.

SEI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Solaris Energy Infrastructure, Inc reported an operating income of 50.56M and revenue of 196.24M, resulting in an operating margin of 25.8%.

APLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.

SEI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Solaris Energy Infrastructure, Inc reported a net income of 21.44M and revenue of 196.24M, resulting in a net margin of 10.9%.

APLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.

Frequently Asked Questions

Can I hold both SEI and APLD in my portfolio?

SEI and APLD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEI or APLD?

APLD has higher volatility (32.64%) compared to SEI (17.54%). In terms of maximum drawdown, SEI dropped -79.49% vs APLD's -99.70%.

Which has better risk-adjusted returns?

SEI currently has the higher Sharpe Ratio (1.96 vs 1.84), 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.