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 +81.4% compared to +13.3%
AAOI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
AAOI
$13B
Winner
SPY
$652B
Expense Ratio
AAOI
N/A
SPY
0.09%
Max Drawdown
AAOI
98.49%
Winner
SPY
56.47%
Sharpe Ratio
Winner
AAOI
2.37
SPY
2.07
5Y Beta
AAOI
3.75
Winner
SPY
1.00
Industry
AAOI
Communication Equipment
SPY
N/A
P/E Ratio
Winner
AAOI
-292.76
SPY
28.24
Forward P/E
AAOI
84.03
Winner
SPY
21.85
PEG Ratio
AAOI
0.78
SPY
N/A
5Y Dividends CAGR
AAOI
N/A
SPY
5.43%
5Y EPS CAGR
AAOI
-25.36%
Winner
SPY
25.79%
Debt to Equity
Winner
AAOI
4.63%
SPY
22.35%
Free Cash Flow Yield
AAOI
-2.64%
SPY
N/A
P/S Ratio
AAOI
31.36
Winner
SPY
3.55
P/B Ratio
AAOI
18.87
Winner
SPY
5.29
AAOI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AAOI
+12.24%
SPY
+9.11%
3M
Winner
AAOI
+210.87%
SPY
+6.59%
6M
Winner
AAOI
+421.32%
SPY
+10.56%
1Y
Winner
AAOI
+909.08%
SPY
+32.04%
5Y(CAGR)
Winner
AAOI
+81.37%
SPY
+13.35%
10Y(CAGR)
Winner
AAOI
+30.69%
SPY
+15.49%
Max(CAGR)
Winner
AAOI
+23.92%
SPY
+8.50%
AAOI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | AAOI | SPY |
|---|---|---|
| 2026 | +276.11% | +8.27% |
| 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% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/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 -18.84%.
| Rank | AAOI | SPY |
|---|---|---|
| #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 | -33.40% Mar 11, 2026 - Apr 8, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.83% Mar 27, 2017 - May 9, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.75% Jun 2, 2017 - Jul 13, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.81% Dec 11, 2013 - Feb 20, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.84% May 1, 2026 - May 8, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.03% Apr 20, 2026 - Apr 30, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.09% Mar 7, 2017 - Mar 24, 2017 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.60% Oct 22, 2013 - Nov 29, 2013 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.11% Feb 21, 2014 - Feb 28, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.99% Mar 2, 2026 - Mar 9, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.95% Apr 13, 2026 - Apr 16, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.67% Nov 29, 2013 - Dec 6, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.22% May 12, 2017 - May 22, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between AAOI and SPY is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
0.20
-101
Select Stocks to Compare
Popular: AAOI vs SPY
More Comparisons
Compare with similar stocks