TYGO vs. APLD

Last updated Jun 3, 2026

TYGO (Tigo Energy Inc.) and APLD (Applied Digital Corporation) are both stocks. TYGO operates in Solar (Technology), while APLD operates in Capital Markets (Financial Services). Over the past 3 years, TYGO returned -39.25%/yr vs 73.02%/yr for APLD. At a 0.12 correlation, their price movements are largely independent.

Performance

TYGO vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tigo Energy Inc. (TYGO) 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, TYGO achieves a 172.46% return, which is significantly higher than APLD's 95.19% return.

TYGO

• 1D: -1.57%
• 1M: -21.83%
• YTD: 172.46%
• 6M: 122.49%
• 1Y: 265.05%
• 3Y*: -39.25%
• 5Y*: —
• 10Y*: —

APLD

• 1D: -0.17%
• 1M: 42.65%
• YTD: 95.19%
• 6M: 70.62%
• 1Y: 371.99%
• 3Y*: 73.02%
• 5Y*: 58.80%
• 10Y*: 91.54%

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

TYGO vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TYGO Tigo Energy Inc.	172.46%	40.12%	-52.88%	-79.51%	3.03%	0.62%
APLD Applied Digital Corporation	95.19%	220.94%	13.35%	266.30%	-92.68%	98.58%

Correlation

The correlation between TYGO and APLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 7, 2021	0.12

The correlation between TYGO and APLD shifts across timeframes, from 0.12 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TYGO : $272.90M APLD : $13.00B
EPS TYGO : $0.05 APLD : -$0.72
PS Ratio TYGO : 2.30 APLD : 32.44
PB Ratio TYGO : 6.68 APLD : 8.26
Total Revenue (TTM) TYGO : $109.89M APLD : $390.57M
Gross Profit (TTM) TYGO : $47.97M APLD : $124.93M
EBITDA (TTM) TYGO : $12.07M APLD : -$154.66M

Return for Risk

TYGO vs. APLD — Risk / Return Rank

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

TYGO

TYGO Risk / Return Rank: 90
TYGO Sharpe Ratio Rank: 92
TYGO Sortino Ratio Rank: 88
TYGO Omega Ratio Rank: 86
TYGO Calmar Ratio Rank: 93
TYGO Martin Ratio Rank: 92

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 96
APLD Sortino Ratio Rank: 92
APLD Omega Ratio Rank: 88
APLD Calmar Ratio Rank: 98
APLD Martin Ratio Rank: 97

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.

TYGO vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tigo Energy Inc. (TYGO) 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.

	TYGO	APLD	Difference
Sharpe ratio Return per unit of total volatility	2.66	3.40	-0.74
Sortino ratio Return per unit of downside risk	3.06	3.56	-0.51
Omega ratio Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio Return relative to maximum drawdown	5.88	11.94	-6.06
Martin ratio Return relative to average drawdown	14.37	27.23	-12.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYGO vs. APLD - Sharpe Ratio Comparison

The current TYGO Sharpe Ratio is 2.66, which is comparable to the APLD Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of TYGO 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

	TYGO	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	3.40	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	0.05	-0.25

Drawdowns

TYGO vs. APLD - Drawdown Comparison

The maximum TYGO drawdown since its inception was -97.45%, roughly equal to the maximum APLD drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for TYGO and APLD.

Drawdown Indicators

	TYGO	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-97.45%	-99.70%	+2.25%
Max Drawdown (1Y) Largest decline over 1 year	-49.64%	-50.31%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-97.45%	-76.66%	-20.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-97.10%	—
Current Drawdown Current decline from peak	-85.68%	-3.61%	-82.07%
Average Drawdown Average peak-to-trough decline	-55.31%	-83.30%	+27.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.30%	22.06%	-1.76%

Volatility

TYGO vs. APLD - Volatility Comparison

The current volatility for Tigo Energy Inc. (TYGO) is 22.79%, while Applied Digital Corporation (APLD) has a volatility of 33.83%. This indicates that TYGO 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

	TYGO	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.79%	33.83%	-11.04%
Volatility (6M) Calculated over the trailing 6-month period	77.81%	79.30%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	100.60%	120.15%	-19.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.14%	145.10%	-52.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.14%	295.34%	-203.20%

Dividends

TYGO vs. APLD - Dividend Comparison

Neither TYGO nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TYGO vs. APLD - Profitability Comparison

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

TYGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tigo Energy Inc. reported a gross profit of 10.79M and revenue of 25.20M. Therefore, the gross margin over that period was 42.8%.

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%.

TYGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tigo Energy Inc. reported an operating income of -2.41M and revenue of 25.20M, resulting in an operating margin of -9.6%.

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%.

TYGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tigo Energy Inc. reported a net income of -1.75M and revenue of 25.20M, resulting in a net margin of -7.0%.

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 TYGO and APLD in my portfolio?

TYGO and APLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYGO or APLD?

APLD has higher volatility (33.83%) compared to TYGO (22.79%). In terms of maximum drawdown, TYGO dropped -97.45% vs APLD's -99.70%.

Which has better risk-adjusted returns?

APLD currently has the higher Sharpe Ratio (3.40 vs 2.66), 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.