AMAT vs. APP
AMAT (Applied Materials, Inc.) and APP (AppLovin Corporation) are both stocks. AMAT operates in Semiconductor Equipment & Materials (Technology), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, AMAT returned 34.02%/yr vs 43.23%/yr for APP. At a 0.39 correlation, their price movements are largely independent.
Performance
AMAT vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, AMAT achieves a 121.28% return, which is significantly higher than APP's -26.28% return.
AMAT
- 1D
- 2.64%
- 1M
- 30.08%
- YTD
- 121.28%
- 6M
- 119.38%
- 1Y
- 226.52%
- 3Y*
- 60.05%
- 5Y*
- 34.02%
- 10Y*
- 38.86%
APP
- 1D
- 3.80%
- 1M
- 9.53%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 30.53%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
AMAT vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 121.28% | 59.60% | 1.13% | 67.97% | -37.54% | 17.92% |
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between AMAT and APP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.39 |
Over the past year, the correlation between AMAT and APP has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Fundamentals
AMAT:
$453.23B
APP:
$168.27B
AMAT:
$10.61
APP:
$11.64
AMAT:
53.45
APP:
42.68
AMAT:
6.80
APP:
0.13
AMAT:
15.67
APP:
27.44
AMAT:
18.96
APP:
71.20
AMAT:
$29.02B
APP:
$6.16B
AMAT:
$14.21B
APP:
$5.45B
AMAT:
$9.92B
APP:
$4.87B
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Return for Risk
AMAT vs. APP — Risk / Return Rank
AMAT
APP
AMAT vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) and AppLovin Corporation (APP). 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.
| AMAT | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.13 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | 0.61 | +10.06 |
| Martin ratioReturn relative to average drawdown | 30.41 | 1.22 | +29.19 |
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Drawdowns
AMAT vs. APP - Drawdown Comparison
The maximum AMAT drawdown since its inception was -85.22%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for AMAT and APP.
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Drawdown Indicators
| AMAT | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.22% | -91.90% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -49.99% | +28.62% |
Max Drawdown (3Y)Largest decline over 3 years | -49.88% | -57.00% | +7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -91.90% | +36.76% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -32.28% | +32.28% |
Average DrawdownAverage peak-to-trough decline | -38.78% | -42.52% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 25.10% | -17.61% |
Volatility
AMAT vs. APP - Volatility Comparison
Applied Materials, Inc. (AMAT) and AppLovin Corporation (APP) have volatilities of 20.52% and 20.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMAT | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.52% | 20.54% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 38.83% | 58.87% | -20.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.03% | 71.03% | -22.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.20% | 77.84% | -33.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.94% | 77.53% | -34.59% |
Dividends
AMAT vs. APP - Dividend Comparison
AMAT's dividend yield for the trailing twelve months is around 0.34%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.34% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AMAT vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Applied Materials, Inc. and AppLovin Corporation. 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
AMAT vs. APP - Profitability Comparison
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
APP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AppLovin Corporation reported a gross profit of 1.64B and revenue of 1.84B. Therefore, the gross margin over that period was 89.0%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
APP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AppLovin Corporation reported an operating income of 1.44B and revenue of 1.84B, resulting in an operating margin of 78.2%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
APP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AppLovin Corporation reported a net income of 1.21B and revenue of 1.84B, resulting in a net margin of 65.4%.
Frequently Asked Questions
AMAT and APP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.54%) compared to AMAT (20.52%). In terms of maximum drawdown, AMAT dropped -85.22% vs APP's -91.90%.
AMAT currently has the higher Sharpe Ratio (4.65 vs 0.43), 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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