AMG vs. APO
AMG (Affiliated Managers Group, Inc.) and APO (Apollo Global Management, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, AMG returned 6.50%/yr vs 27.60%/yr for APO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
AMG vs. APO - Performance Comparison
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Returns By Period
In the year-to-date period, AMG achieves a 8.10% return, which is significantly higher than APO's -13.38% return. Over the past 10 years, AMG has underperformed APO with an annualized return of 6.50%, while APO has yielded a comparatively higher 27.60% annualized return.
AMG
- 1D
- 0.35%
- 1M
- 4.74%
- YTD
- 8.10%
- 6M
- 14.76%
- 1Y
- 72.82%
- 3Y*
- 28.70%
- 5Y*
- 13.60%
- 10Y*
- 6.50%
APO
- 1D
- -3.42%
- 1M
- -3.34%
- YTD
- -13.38%
- 6M
- -6.78%
- 1Y
- -3.63%
- 3Y*
- 23.22%
- 5Y*
- 19.10%
- 10Y*
- 27.60%
AMG vs. APO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 8.10% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
APO Apollo Global Management, Inc. | -13.38% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 8.00% | 106.46% | -22.03% | 85.29% |
Correlation
The correlation between AMG and APO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.50 |
The correlation between AMG and APO shifts across timeframes, from 0.45 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AMG:
$8.57B
APO:
$73.99B
AMG:
$24.29
APO:
$3.58
AMG:
12.83
APO:
34.72
AMG:
0.42
APO:
0.09
AMG:
4.09
APO:
2.51
AMG:
2.77
APO:
3.99
AMG:
$2.37B
APO:
$29.68B
AMG:
$1.61B
APO:
$26.52B
AMG:
$1.53B
APO:
$9.28B
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Return for Risk
AMG vs. APO — Risk / Return Rank
AMG
APO
AMG vs. APO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affiliated Managers Group, Inc. (AMG) and Apollo Global Management, Inc. (APO). 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.
| AMG | APO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.01 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | -0.10 | +3.82 |
| Martin ratioReturn relative to average drawdown | 10.59 | -0.22 | +10.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMG | APO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | -0.10 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.52 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.73 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.58 | -0.32 |
Drawdowns
AMG vs. APO - Drawdown Comparison
The maximum AMG drawdown since its inception was -85.92%, which is greater than APO's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for AMG and APO.
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Drawdown Indicators
| AMG | APO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -56.99% | -28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -34.97% | +15.25% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -42.82% | +15.85% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -42.82% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -78.52% | -53.48% | -25.04% |
Current DrawdownCurrent decline from peak | -5.78% | -28.81% | +23.03% |
Average DrawdownAverage peak-to-trough decline | -24.73% | -16.36% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 16.52% | -9.62% |
Volatility
AMG vs. APO - Volatility Comparison
The current volatility for Affiliated Managers Group, Inc. (AMG) is 6.76%, while Apollo Global Management, Inc. (APO) has a volatility of 8.08%. This indicates that AMG experiences smaller price fluctuations and is considered to be less risky than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMG | APO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 8.08% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.63% | 27.08% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.12% | 35.14% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 37.05% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.66% | 37.81% | -3.15% |
Dividends
AMG vs. APO - Dividend Comparison
AMG's dividend yield for the trailing twelve months is around 0.01%, less than APO's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 0.00% | 0.00% |
APO Apollo Global Management, Inc. | 1.68% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
Financials
AMG vs. APO - Financials Comparison
This section allows you to compare key financial metrics between Affiliated Managers Group, Inc. and Apollo Global Management, Inc.. 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
AMG vs. APO - Profitability Comparison
AMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a gross profit of 441.50M and revenue of 544.90M. Therefore, the gross margin over that period was 81.0%.
APO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a gross profit of 4.93B and revenue of 4.93B. Therefore, the gross margin over that period was 100.0%.
AMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported an operating income of 77.40M and revenue of 544.90M, resulting in an operating margin of 14.2%.
APO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported an operating income of 330.00M and revenue of 4.93B, resulting in an operating margin of 6.7%.
AMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a net income of 110.40M and revenue of 544.90M, resulting in a net margin of 20.3%.
APO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a net income of -1.91B and revenue of 4.93B, resulting in a net margin of -38.7%.
Frequently Asked Questions
AMG and APO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APO has higher volatility (8.08%) compared to AMG (6.76%). In terms of maximum drawdown, AMG dropped -85.92% vs APO's -56.99%.
AMG currently has the higher Sharpe Ratio (2.43 vs -0.10), 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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