TARS vs. AAOI
TARS (Tarsus Pharmaceuticals, Inc.) and AAOI (Applied Optoelectronics, Inc.) are both stocks. TARS operates in Biotechnology (Healthcare), while AAOI operates in Communication Equipment (Technology). Over the past 5 years, TARS returned 15.96%/yr vs 82.93%/yr for AAOI. At a 0.19 correlation, their price movements are largely independent.
Performance
TARS vs. AAOI - Performance Comparison
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Returns By Period
In the year-to-date period, TARS achieves a -22.37% return, which is significantly lower than AAOI's 391.19% return.
TARS
- 1D
- 0.63%
- 1M
- 2.09%
- YTD
- -22.37%
- 6M
- -22.47%
- 1Y
- 56.36%
- 3Y*
- 51.58%
- 5Y*
- 15.96%
- 10Y*
- —
AAOI
- 1D
- 5.80%
- 1M
- -5.65%
- YTD
- 391.19%
- 6M
- 337.98%
- 1Y
- 630.19%
- 3Y*
- 240.43%
- 5Y*
- 82.93%
- 10Y*
- 33.09%
TARS vs. AAOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TARS Tarsus Pharmaceuticals, Inc. | -22.37% | 47.88% | 173.43% | 38.13% | -34.84% | -45.56% | 155.12% |
AAOI Applied Optoelectronics, Inc. | 391.19% | -5.43% | 90.79% | 922.22% | -63.23% | -39.60% | -24.15% |
Correlation
The correlation between TARS and AAOI is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.19 |
The correlation between TARS and AAOI shifts across timeframes, from 0.07 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TARS:
$2.73B
AAOI:
$13.01B
TARS:
-$1.13
AAOI:
-$0.65
TARS:
5.07
AAOI:
22.49
TARS:
7.82
AAOI:
11.76
TARS:
$535.08M
AAOI:
$507.00M
TARS:
$483.93M
AAOI:
$150.29M
TARS:
-$39.55M
AAOI:
-$26.44M
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Return for Risk
TARS vs. AAOI — Risk / Return Rank
TARS
AAOI
TARS vs. AAOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tarsus Pharmaceuticals, Inc. (TARS) 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.
| TARS | AAOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 13.35 | -11.49 |
| Martin ratioReturn relative to average drawdown | 4.02 | 36.26 | -32.24 |
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Drawdowns
TARS vs. AAOI - Drawdown Comparison
The maximum TARS drawdown since its inception was -77.67%, smaller than the maximum AAOI drawdown of -98.49%. Use the drawdown chart below to compare losses from any high point for TARS and AAOI.
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Drawdown Indicators
| TARS | AAOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.67% | -98.49% | +20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -30.42% | -47.64% | +17.22% |
Max Drawdown (3Y)Largest decline over 3 years | -47.28% | -77.17% | +29.89% |
Max Drawdown (5Y)Largest decline over 5 years | -63.09% | -83.07% | +19.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.49% | — |
Current DrawdownCurrent decline from peak | -22.97% | -23.25% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -40.46% | -65.60% | +25.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.06% | 17.51% | -3.45% |
Volatility
TARS vs. AAOI - Volatility Comparison
The current volatility for Tarsus Pharmaceuticals, Inc. (TARS) is 8.37%, while Applied Optoelectronics, Inc. (AAOI) has a volatility of 42.19%. This indicates that TARS experiences smaller price fluctuations and is considered to be less risky 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
| TARS | AAOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 42.19% | -33.82% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 109.89% | -81.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.79% | 138.13% | -94.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 119.66% | -61.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.70% | 98.48% | -33.78% |
Dividends
TARS vs. AAOI - Dividend Comparison
Neither TARS nor AAOI has paid dividends to shareholders.
Financials
TARS vs. AAOI - Financials Comparison
This section allows you to compare key financial metrics between Tarsus Pharmaceuticals, 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
TARS vs. AAOI - Profitability Comparison
TARS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tarsus Pharmaceuticals, Inc. reported a gross profit of 152.66M and revenue of 162.05M. Therefore, the gross margin over that period was 94.2%.
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%.
TARS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tarsus Pharmaceuticals, Inc. reported an operating income of -6.12M and revenue of 162.05M, resulting in an operating margin of -3.8%.
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%.
TARS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tarsus Pharmaceuticals, Inc. reported a net income of -6.97M and revenue of 162.05M, resulting in a net margin of -4.3%.
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
TARS and AAOI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (42.19%) compared to TARS (8.37%). In terms of maximum drawdown, TARS dropped -77.67% vs AAOI's -98.49%.
AAOI currently has the higher Sharpe Ratio (4.61 vs 1.30), 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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