SMID vs. APO
SMID (Smith-Midland Corporation) and APO (Apollo Global Management, Inc.) are both stocks. SMID operates in Building Materials (Basic Materials), while APO operates in Asset Management (Financial Services). Over the past 10 years, SMID returned 28.58%/yr vs 29.24%/yr for APO. At a 0.15 correlation, their price movements are largely independent.
Performance
SMID vs. APO - Performance Comparison
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Returns By Period
In the year-to-date period, SMID achieves a -16.95% return, which is significantly lower than APO's -9.02% return. Both investments have delivered pretty close results over the past 10 years, with SMID having a 28.58% annualized return and APO not far ahead at 29.24%.
SMID
- 1D
- 3.89%
- 1M
- 2.48%
- YTD
- -16.95%
- 6M
- -12.75%
- 1Y
- -2.49%
- 3Y*
- 13.59%
- 5Y*
- 6.53%
- 10Y*
- 28.58%
APO
- 1D
- -3.40%
- 1M
- 1.63%
- YTD
- -9.02%
- 6M
- -11.24%
- 1Y
- -0.99%
- 3Y*
- 23.33%
- 5Y*
- 19.57%
- 10Y*
- 29.24%
SMID vs. APO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMID Smith-Midland Corporation | -16.95% | -18.26% | 12.56% | 92.68% | -56.38% | 397.35% | 57.50% | -18.98% | 9.99% | 29.02% |
APO Apollo Global Management, Inc. | -9.02% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 8.00% | 106.46% | -22.03% | 85.29% |
Correlation
The correlation between SMID and APO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.15 |
The correlation between SMID and APO shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SMID:
$3.54
APO:
$3.58
SMID:
8.53
APO:
36.46
SMID:
0.04
APO:
0.09
SMID:
1.14
APO:
2.64
SMID:
$93.45M
APO:
$29.68B
SMID:
$26.04M
APO:
$26.52B
SMID:
$19.01M
APO:
$9.28B
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Return for Risk
SMID vs. APO — Risk / Return Rank
SMID
APO
SMID vs. APO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Smith-Midland Corporation (SMID) and Apollo Global Management, Inc. (APO). 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.
| SMID | APO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.03 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.13 | -0.06 | -0.07 |
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Drawdowns
SMID vs. APO - Drawdown Comparison
The maximum SMID drawdown since its inception was -72.37%, which is greater than APO's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for SMID and APO.
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Drawdown Indicators
| SMID | APO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.37% | -56.99% | -15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -39.29% | -34.97% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -42.82% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -72.37% | -42.82% | -29.55% |
Max Drawdown (10Y)Largest decline over 10 years | -72.37% | -53.48% | -18.89% |
Current DrawdownCurrent decline from peak | -39.68% | -25.23% | -14.45% |
Average DrawdownAverage peak-to-trough decline | -27.56% | -16.40% | -11.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.43% | 16.79% | +2.64% |
Volatility
SMID vs. APO - Volatility Comparison
Smith-Midland Corporation (SMID) has a higher volatility of 22.53% compared to Apollo Global Management, Inc. (APO) at 8.94%. This indicates that SMID's price experiences larger fluctuations and is considered to be riskier than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMID | APO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.53% | 8.94% | +13.59% |
Volatility (6M)Calculated over the trailing 6-month period | 42.59% | 27.21% | +15.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 35.39% | +20.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.15% | 37.18% | +27.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.52% | 37.84% | +16.68% |
Dividends
SMID vs. APO - Dividend Comparison
SMID has not paid dividends to shareholders, while APO's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.60% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
SMID Smith-Midland Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 0.74% | 0.73% | 0.19% | 0.00% |
Financials
SMID vs. APO - Financials Comparison
This section allows you to compare key financial metrics between Smith-Midland Corporation and Apollo Global Management, 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
SMID vs. APO - Profitability Comparison
SMID - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a gross profit of 5.52M and revenue of 23.11M. Therefore, the gross margin over that period was 23.9%.
APO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a gross profit of 4.93B and revenue of 4.93B. Therefore, the gross margin over that period was 100.0%.
SMID - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported an operating income of 3.24M and revenue of 23.11M, resulting in an operating margin of 14.0%.
APO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported an operating income of 330.00M and revenue of 4.93B, resulting in an operating margin of 6.7%.
SMID - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a net income of 2.13M and revenue of 23.11M, resulting in a net margin of 9.2%.
APO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a net income of -1.91B and revenue of 4.93B, resulting in a net margin of -38.7%.
Frequently Asked Questions
SMID and APO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMID has higher volatility (22.53%) compared to APO (8.94%). In terms of maximum drawdown, SMID dropped -72.37% vs APO's -56.99%.
APO currently has the higher Sharpe Ratio (-0.03 vs -0.04), 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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