SMCI vs. AAOI
SMCI (Super Micro Computer, Inc.) and AAOI (Applied Optoelectronics, Inc.) are both stocks. Both are in the Technology sector — SMCI in Computer Hardware, AAOI in Semiconductors. Over the past 10 years, SMCI returned 27.77%/yr vs 32.75%/yr for AAOI. At a 0.31 correlation, their price movements are largely independent.
Performance
SMCI vs. AAOI - Performance Comparison
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Returns By Period
In the year-to-date period, SMCI achieves a 4.07% return, which is significantly lower than AAOI's 384.94% return. Over the past 10 years, SMCI has underperformed AAOI with an annualized return of 27.77%, while AAOI has yielded a comparatively higher 32.75% annualized return.
SMCI
- 1D
- -4.72%
- 1M
- -7.78%
- YTD
- 4.07%
- 6M
- -5.78%
- 1Y
- -26.71%
- 3Y*
- 7.64%
- 5Y*
- 52.73%
- 10Y*
- 27.77%
AAOI
- 1D
- -2.16%
- 1M
- -16.96%
- YTD
- 384.94%
- 6M
- 427.29%
- 1Y
- 992.76%
- 3Y*
- 259.45%
- 5Y*
- 80.64%
- 10Y*
- 32.75%
SMCI vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCI Super Micro Computer, Inc. | 4.07% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
AAOI Applied Optoelectronics, Inc. | 384.94% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -28.37% | -23.01% | -59.20% | 61.35% |
Correlation
The correlation between SMCI and AAOI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.31 |
Fundamentals
SMCI:
$20.52B
AAOI:
$12.84B
SMCI:
$2.70
AAOI:
-$0.65
SMCI:
0.60
AAOI:
22.21
SMCI:
2.71
AAOI:
11.61
SMCI:
$33.70B
AAOI:
$507.00M
SMCI:
$2.83B
AAOI:
$150.29M
SMCI:
$1.47B
AAOI:
-$26.44M
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Return for Risk
SMCI vs. AAOI — Risk / Return Rank
SMCI
AAOI
SMCI vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) and Applied Optoelectronics, Inc. (AAOI). 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.
| SMCI | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.50 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 19.07 | -19.52 |
| Martin ratioReturn relative to average drawdown | -0.76 | 52.70 | -53.46 |
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Drawdowns
SMCI vs. AAOI - Drawdown Comparison
The maximum SMCI drawdown since its inception was -84.84%, smaller than the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for SMCI and AAOI.
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Drawdown Indicators
| SMCI | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.84% | -98.49% | +13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -66.18% | -47.64% | -18.54% |
Max Drawdown (3Y)Largest decline over 3 years | -84.84% | -77.17% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -84.84% | -83.07% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -98.49% | +13.65% |
Current DrawdownCurrent decline from peak | -74.36% | -24.23% | -50.13% |
Average DrawdownAverage peak-to-trough decline | -31.98% | -65.67% | +33.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 17.21% | +22.13% |
Volatility
SMCI vs. AAOI - Volatility Comparison
Super Micro Computer, Inc. (SMCI) has a higher volatility of 44.32% compared to Applied Optoelectronics, Inc. (AAOI) at 40.42%. This indicates that SMCI's price experiences larger fluctuations and is considered to be riskier than AAOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCI | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.32% | 40.42% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 76.32% | 109.93% | -33.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.20% | 139.42% | -54.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.53% | 119.31% | -32.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.19% | 98.26% | -27.07% |
Dividends
SMCI vs. AAOI - Dividend Comparison
Neither SMCI nor AAOI has paid dividends to shareholders.
Financials
SMCI vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between Super Micro Computer, Inc. and Applied Optoelectronics, 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
SMCI vs. AAOI - Profitability Comparison
SMCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a gross profit of 1.02B and revenue of 10.24B. Therefore, the gross margin over that period was 10.0%.
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a gross profit of 43.92M and revenue of 151.14M. Therefore, the gross margin over that period was 29.1%.
SMCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported an operating income of 625.87M and revenue of 10.24B, resulting in an operating margin of 6.1%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
SMCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a net income of 1.02B and revenue of 10.24B, resulting in a net margin of 9.9%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a net income of -14.28M and revenue of 151.14M, resulting in a net margin of -9.5%.
Frequently Asked Questions
SMCI and AAOI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (44.32%) compared to AAOI (40.42%). In terms of maximum drawdown, SMCI dropped -84.84% vs AAOI's -98.49%.
AAOI currently has the higher Sharpe Ratio (6.52 vs -0.35), 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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