AMZN vs. APP
AMZN (Amazon.com, Inc) and APP (AppLovin Corporation) are both stocks. AMZN operates in Internet Retail (Consumer Cyclical), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, AMZN returned 10.30%/yr vs 45.14%/yr for APP. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
AMZN vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, AMZN achieves a 17.66% return, which is significantly higher than APP's -41.25% return.
AMZN
- 1D
- 15.32%
- 1M
- 12.36%
- 6M
- 13.49%
- YTD
- 17.66%
- 1Y
- 16.01%
- 3Y*
- 27.29%
- 5Y*
- 10.30%
- 10Y*
- 21.72%
- ALL TIME*
- 30.20%
APP
- 1D
- -1.97%
- 1M
- -29.88%
- 6M
- -16.32%
- YTD
- -41.25%
- 1Y
- 1.33%
- 3Y*
- 132.67%
- 5Y*
- 45.14%
- 10Y*
- —
- ALL TIME*
- 38.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMZN Amazon.com, Inc | $13.00B | $11.21B | $12.30B |
| $2.74B | $2.73B | $2.75B |
AMZN vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 17.66% | 5.21% | 44.39% | 80.88% | -49.62% | 0.04% |
APP AppLovin Corporation | -41.25% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between AMZN and APP is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.47 |
Over the past year, the correlation between AMZN and APP has dropped to 0.27 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Fundamentals
AMZN:
$2.92T
APP:
$133.00B
AMZN:
$12.44
APP:
$11.66
AMZN:
21.82
APP:
33.95
AMZN:
0.53
APP:
0.10
AMZN:
3.81
APP:
21.83
AMZN:
5.37
APP:
56.74
AMZN:
$775.68B
APP:
$6.16B
AMZN:
$393.81B
APP:
$5.45B
AMZN:
$254.00B
APP:
$4.87B
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Return for Risk
AMZN vs. APP — Risk / Return Rank
AMZN
APP
AMZN vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amazon.com, Inc (AMZN) 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.
| AMZN | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.07 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.03 | +0.71 |
| Martin ratioReturn relative to average drawdown | 1.58 | 0.05 | +1.53 |
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Drawdowns
AMZN vs. APP - Drawdown Comparison
The maximum AMZN drawdown since its inception was -94.40%, roughly equal to the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for AMZN and APP.
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Drawdown Indicators
| AMZN | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.40% | -91.90% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -21.74% | -49.99% | +28.25% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -57.00% | +26.12% |
Max Drawdown (5Y)Largest decline over 5 years | -55.73% | -91.90% | +36.17% |
Max Drawdown (10Y)Largest decline over 10 years | -56.15% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -46.03% | +44.79% |
Average DrawdownAverage peak-to-trough decline | -28.11% | -42.38% | +14.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.26% | 28.35% | -18.09% |
Volatility
AMZN vs. APP - Volatility Comparison
The current volatility for Amazon.com, Inc (AMZN) is 16.52%, while AppLovin Corporation (APP) has a volatility of 17.94%. This indicates that AMZN experiences smaller price fluctuations and is considered to be less risky than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZN | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 17.94% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 26.50% | 60.50% | -34.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.20% | 73.25% | -38.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.27% | 78.11% | -41.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.00% | 77.32% | -44.32% |
Dividends
AMZN vs. APP - Dividend Comparison
Neither AMZN nor APP has paid dividends to shareholders.
Financials
AMZN vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Amazon.com, 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
AMZN vs. APP - Profitability Comparison
AMZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Amazon.com, Inc reported a gross profit of 104.83B and revenue of 200.61B. Therefore, the gross margin over that period was 52.3%.
APP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
AMZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Amazon.com, Inc reported an operating income of 27.46B and revenue of 200.61B, resulting in an operating margin of 13.7%.
APP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AppLovin Corporation reported an operating income of 1.44B and revenue of 1.84B, resulting in an operating margin of 78.2%.
AMZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Amazon.com, Inc reported a net income of 62.65B and revenue of 200.61B, resulting in a net margin of 31.2%.
APP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
AMZN and APP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (17.94%) compared to AMZN (16.52%). In terms of maximum drawdown, AMZN dropped -94.40% vs APP's -91.90%.
AMZN currently has the higher Sharpe Ratio (0.46 vs 0.02), 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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