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AAOI vs SPY

Comparison between Applied Optoelectronics Inc (AAOI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceAAOI has outperformed SPY, delivering a return of +80.1% compared to +13.3%

AAOI vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
AAOI
$10B
Winner
SPY
$781B
Expense Ratio
AAOI
N/A
SPY
0.09%
Max Drawdown
AAOI
98.49%
Winner
SPY
56.47%
Sharpe Ratio
Winner
AAOI
1.88
SPY
1.42
5Y Beta
AAOI
3.80
Winner
SPY
1.00
Industry
AAOI
Communication Equipment
SPY
N/A
P/E Ratio
Winner
AAOI
-207.92
SPY
26.48
Forward P/E
AAOI
84.03
Winner
SPY
20.90
PEG Ratio
AAOI
0.78
Winner
SPY
0.30
5Y Dividends CAGR
AAOI
N/A
SPY
6.00%
5Y EPS CAGR
AAOI
-23.67%
Winner
SPY
26.40%
Debt to Equity
Winner
AAOI
3.73%
SPY
48.17%
Free Cash Flow Yield
AAOI
-4.12%
SPY
N/A
P/S Ratio
AAOI
20.35
Winner
SPY
3.72
P/B Ratio
AAOI
6.84
Winner
SPY
5.55

AAOI vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
AAOI
+18.55%
SPY
+3.42%
3M
AAOI
-13.91%
Winner
SPY
+5.97%
6M
Winner
AAOI
+206.16%
SPY
+12.56%
1Y
Winner
AAOI
+507.39%
SPY
+23.65%
5Y(CAGR)
Winner
AAOI
+80.10%
SPY
+13.33%
10Y(CAGR)
Winner
AAOI
+25.25%
SPY
+15.34%
Max(CAGR)
Winner
AAOI
+22.51%
SPY
+8.61%

AAOI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearAAOISPY
2026+242.50%+13.79%
2025-2.08%+18.00%
2024+97.22%+25.59%
2023+927.66%+26.72%
2022-64.14%-18.64%
2021-41.32%+30.52%
2020-31.92%+17.28%
2019-25.19%+31.09%
2018-59.30%-5.24%
2017+63.72%+20.78%
2016+43.89%+13.59%
2015+59.04%+1.31%
2014-23.31%+14.56%
2013+50.70%+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

AAOI vs SPY Drawdown Comparison

The maximum drawdown for AAOI was -98.49%, occurring on Jul 11, 2022. Recovery took 2156 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current AAOI drawdown is -39.21%.

RankAAOISPY
#1-98.49%
Aug 1, 2017 - Mar 2, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-69.44%
Mar 10, 2014 - Jan 12, 2017		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-65.70%
May 13, 2026 - Jul 29, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-33.40%
Mar 11, 2026 - Apr 8, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-31.83%
Mar 27, 2017 - May 9, 2017		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-21.75%
Jun 2, 2017 - Jul 13, 2017		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-20.81%
Dec 11, 2013 - Feb 20, 2014		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-18.84%
May 1, 2026 - May 11, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-16.03%
Apr 20, 2026 - Apr 30, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-13.09%
Mar 7, 2017 - Mar 24, 2017		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-9.60%
Oct 22, 2013 - Nov 29, 2013		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-7.11%
Feb 21, 2014 - Feb 28, 2014		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.99%
Mar 2, 2026 - Mar 9, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.95%
Apr 13, 2026 - Apr 16, 2026		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-6.67%
Nov 29, 2013 - Dec 6, 2013		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between AAOI and SPY is 0.35 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.35
-101

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