VIAV vs AAOI

Comparison between Viavi Solutions Inc (VIAV, Company) and Applied Optoelectronics Inc (AAOI, Company).

Both VIAV and AAOI are from the Technology sector.

5-Year PerformanceAAOI has outperformed VIAV, delivering a return of +73.5% compared to +23.5%

VIAV vs AAOI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VIAV(COMPANY)	AAOI(COMPANY)
Market Cap	$12B	$12B
Max Drawdown	62.88%	98.49%
Sharpe Ratio	2.80	1.98
5Y Beta	1.20	3.78
Industry	Communication Equipment	Communication Equipment
P/E Ratio	-205.05	-237.69
Forward P/E	40.00	84.03
5Y EPS CAGR	N/A	-23.67%
Debt to Equity	127.68%	3.73%
Free Cash Flow Yield	0.39%	-3.60%

Market Cap

VIAV

$12B

Winner

AAOI

$12B

Max Drawdown

Winner

VIAV

62.88%

AAOI

98.49%

Sharpe Ratio

Winner

VIAV

2.80

AAOI

1.98

5Y Beta

Winner

VIAV

1.20

AAOI

3.78

Industry

VIAV

Communication Equipment

AAOI

Communication Equipment

P/E Ratio

VIAV

-205.05

Winner

AAOI

-237.69

Forward P/E

Winner

VIAV

40.00

AAOI

84.03

5Y EPS CAGR

VIAV

N/A

AAOI

-23.67%

Debt to Equity

VIAV

127.68%

Winner

AAOI

3.73%

Free Cash Flow Yield

Winner

VIAV

0.39%

AAOI

-3.60%

VIAV vs AAOI - Historical Returns

Returns include dividend reinvestment.

Period	VIAV	AAOI
1 month	-6.23%	-22.00%
3 months	+35.34%	+21.09%
6 months	+176.23%	+237.90%
1 year	+412.08%	+428.17%
5 years(CAGR)	+23.46%	+73.48%
10 years(CAGR)	+22.35%	+30.30%
Max(CAGR)	+21.15%	+22.94%

Winner

VIAV

-6.23%

AAOI

-22.00%

Winner

VIAV

+35.34%

AAOI

+21.09%

VIAV

+176.23%

Winner

AAOI

+237.90%

VIAV

+412.08%

Winner

AAOI

+428.17%

5Y(CAGR)

VIAV

+23.46%

Winner

AAOI

+73.48%

10Y(CAGR)

VIAV

+22.35%

Winner

AAOI

+30.30%

Max(CAGR)

VIAV

+21.15%

Winner

AAOI

+22.94%

VIAV vs AAOI - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	VIAV	AAOI
2026	+177.91%	+249.85%
2025	+76.44%	-2.08%
2024	+0.90%	+97.22%
2023	-5.53%	+927.66%
2022	-41.05%	-64.14%
2021	+19.54%	-41.32%
2020	-2.16%	-31.92%
2019	+51.06%	-25.19%
2018	+12.17%	-59.30%
2017	+4.55%	+63.72%
2016	+34.32%	+43.89%
2015	-2.40%	+59.04%
2014	N/A	-23.31%
2013	N/A	+50.70%

VIAV vs AAOI Drawdown Comparison

The maximum drawdown for VIAV was -62.88%, occurring on Jun 26, 2024. Recovery took 1098 trading sessions.

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

The current VIAV drawdown is -8.84%. The current AAOI drawdown is -37.90%.

Rank	VIAV	AAOI
#1	-62.88% Jun 28, 2021 - Nov 10, 2025	-98.49% Aug 1, 2017 - Mar 2, 2026
#2	-44.13% Nov 1, 2019 - Jan 20, 2021	-69.44% Mar 10, 2014 - Jan 12, 2017
#3	-27.79% May 12, 2017 - Oct 1, 2018	-37.90% May 13, 2026 - Jun 25, 2026
#4	-27.57% Nov 6, 2015 - Feb 26, 2016	-33.40% Mar 11, 2026 - Apr 8, 2026
#5	-26.49% Oct 3, 2018 - Feb 15, 2019	-31.83% Mar 27, 2017 - May 9, 2017
#6	-21.13% Mar 2, 2026 - Mar 24, 2026	-21.75% Jun 2, 2017 - Jul 13, 2017
#7	-17.65% Aug 5, 2015 - Nov 3, 2015	-20.81% Dec 11, 2013 - Feb 20, 2014
#8	-16.09% May 1, 2026 - Jun 9, 2026	-18.84% May 1, 2026 - May 11, 2026
#9	-14.65% Mar 25, 2026 - Apr 7, 2026	-16.03% Apr 20, 2026 - Apr 30, 2026
#10	-13.16% May 6, 2019 - Jul 1, 2019	-13.09% Mar 7, 2017 - Mar 24, 2017
#11	-13.04% Mar 27, 2017 - May 5, 2017	-9.60% Oct 22, 2013 - Nov 29, 2013
#12	-12.57% Dec 11, 2025 - Jan 26, 2026	-7.11% Feb 21, 2014 - Feb 28, 2014
#13	-12.33% Nov 10, 2025 - Dec 5, 2025	-6.99% Mar 2, 2026 - Mar 9, 2026
#14	-11.24% Apr 1, 2016 - Jun 10, 2016	-6.95% Apr 13, 2026 - Apr 16, 2026
#15	-10.41% Feb 15, 2017 - Mar 20, 2017	-6.67% Nov 29, 2013 - Dec 6, 2013