SMCI vs. APLD
SMCI (Super Micro Computer, Inc.) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — SMCI in Computer Hardware, APLD in Information Technology Services. Over the past 10 years, SMCI returned 30.26%/yr vs 127.82%/yr for APLD. At a 0.13 correlation, their price movements are largely independent.
Performance
SMCI vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, SMCI achieves a 21.15% return, which is significantly lower than APLD's 84.34% return. Over the past 10 years, SMCI has underperformed APLD with an annualized return of 30.26%, while APLD has yielded a comparatively higher 127.82% annualized return.
SMCI
- 1D
- 15.66%
- 1M
- -0.34%
- YTD
- 21.15%
- 6M
- 14.13%
- 1Y
- -21.76%
- 3Y*
- 17.96%
- 5Y*
- 59.51%
- 10Y*
- 30.26%
APLD
- 1D
- -2.98%
- 1M
- -1.46%
- YTD
- 84.34%
- 6M
- 62.71%
- 1Y
- 337.56%
- 3Y*
- 77.44%
- 5Y*
- 105.95%
- 10Y*
- 127.82%
SMCI vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCI Super Micro Computer, Inc. | 21.15% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
APLD Applied Digital Corporation | 84.34% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
Correlation
The correlation between SMCI and APLD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.13 |
Over the past year, SMCI and APLD have become more correlated (0.41) than their long-term average of 0.13, meaning their price movements have been converging.
Fundamentals
SMCI:
$23.89B
APLD:
$12.28B
SMCI:
$2.70
APLD:
-$0.72
SMCI:
0.69
APLD:
30.64
SMCI:
3.15
APLD:
7.80
SMCI:
$33.70B
APLD:
$390.57M
SMCI:
$2.83B
APLD:
$124.93M
SMCI:
$1.47B
APLD:
-$154.66M
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Return for Risk
SMCI vs. APLD — Risk / Return Rank
SMCI
APLD
SMCI vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) 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.
| SMCI | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.39 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 6.76 | -7.09 |
| Martin ratioReturn relative to average drawdown | -0.55 | 16.62 | -17.16 |
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Drawdowns
SMCI vs. APLD - Drawdown Comparison
The maximum SMCI drawdown since its inception was -84.84%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for SMCI and APLD.
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Drawdown Indicators
| SMCI | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.84% | -99.73% | +14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -66.18% | -50.31% | -15.87% |
Max Drawdown (3Y)Largest decline over 3 years | -84.84% | -76.66% | -8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -84.84% | -82.61% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -89.80% | +4.96% |
Current DrawdownCurrent decline from peak | -70.15% | -8.96% | -61.19% |
Average DrawdownAverage peak-to-trough decline | -32.03% | -74.78% | +42.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.95% | 20.43% | +19.52% |
Volatility
SMCI vs. APLD - Volatility Comparison
Super Micro Computer, Inc. (SMCI) has a higher volatility of 47.00% compared to Applied Digital Corporation (APLD) at 30.09%. This indicates that SMCI'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
| SMCI | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.00% | 30.09% | +16.91% |
Volatility (6M)Calculated over the trailing 6-month period | 78.19% | 77.05% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.39% | 106.79% | -19.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.03% | 165.10% | -78.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.48% | 301.63% | -230.15% |
Dividends
SMCI vs. APLD - Dividend Comparison
Neither SMCI nor APLD has paid dividends to shareholders.
Financials
SMCI vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Super Micro Computer, 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
SMCI vs. APLD - 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%.
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%.
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%.
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%.
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%.
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
SMCI and APLD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (47.00%) compared to APLD (30.09%). In terms of maximum drawdown, SMCI dropped -84.84% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (3.19 vs -0.25), 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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