APO vs. RACE.MI

Last updated Jun 13, 2026

APO (Apollo Global Management, Inc.) and RACE.MI (Ferrari NV) are both stocks. APO operates in Asset Management (Financial Services), while RACE.MI operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, APO returned 29.16%/yr vs 25.04%/yr for RACE.MI. At a 0.30 correlation, their price movements are largely independent.

Performance

APO vs. RACE.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apollo Global Management, Inc. (APO) and Ferrari NV (RACE.MI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

APO is traded in USD, while RACE.MI is traded in EUR. To make them comparable, the RACE.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, APO achieves a -6.75% return, which is significantly lower than RACE.MI's -4.12% return. Over the past 10 years, APO has outperformed RACE.MI with an annualized return of 29.16%, while RACE.MI has yielded a comparatively lower 25.04% annualized return.

APO

• 1D: -0.02%
• 1M: -0.69%
• YTD: -6.75%
• 6M: -8.82%
• 1Y: 2.96%
• 3Y*: 22.69%
• 5Y*: 20.72%
• 10Y*: 29.16%

RACE.MI

• 1D: -1.22%
• 1M: 5.97%
• YTD: -4.12%
• 6M: -2.38%
• 1Y: -22.60%
• 3Y*: 6.47%
• 5Y*: 11.87%
• 10Y*: 25.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

APO vs. RACE.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APO Apollo Global Management, Inc.	-6.75%	-11.12%	79.87%	49.44%	-9.59%	53.25%	8.00%	106.46%	-22.03%	85.29%
RACE.MI Ferrari NV	-4.12%	-12.08%	28.21%	58.40%	-16.30%	11.63%	41.09%	68.24%	-4.76%	82.24%

Correlation

The correlation between APO and RACE.MI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.30

The correlation between APO and RACE.MI shifts across timeframes, from 0.14 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

APO vs. RACE.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APO

APO Risk / Return Rank: 39
APO Sharpe Ratio Rank: 41
APO Sortino Ratio Rank: 36
APO Omega Ratio Rank: 36
APO Calmar Ratio Rank: 42
APO Martin Ratio Rank: 42

RACE.MI

RACE.MI Risk / Return Rank: 17
RACE.MI Sharpe Ratio Rank: 13
RACE.MI Sortino Ratio Rank: 16
RACE.MI Omega Ratio Rank: 15
RACE.MI Calmar Ratio Rank: 19
RACE.MI Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APO vs. RACE.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apollo Global Management, Inc. (APO) and Ferrari NV (RACE.MI). 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.

	APO	RACE.MI	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	-0.68	+0.64
Sortino ratio: Return per unit of downside risk	0.19	-0.76	+0.94
Omega ratio: Gain probability vs. loss probability	1.02	0.90	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.04	-0.64	+0.60
Martin ratio: Return relative to average drawdown	-0.09	-1.00	+0.91

APO vs. RACE.MI - Sharpe Ratio Comparison

The current APO Sharpe Ratio is -0.04, which is higher than the RACE.MI Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of APO and RACE.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APO vs. RACE.MI - Drawdown Comparison

The maximum APO drawdown since its inception was -56.99%, which is greater than RACE.MI's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for APO and RACE.MI.

Drawdown Indicators

	APO	RACE.MI	Difference
Max Drawdown Largest peak-to-trough decline	-56.99%	-38.80%	-18.19%
Max Drawdown (1Y) Largest decline over 1 year	-34.97%	-38.80%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-42.82%	-38.80%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-42.82%	-38.80%	-4.02%
Max Drawdown (10Y) Largest decline over 10 years	-53.48%	-38.80%	-14.68%
Current Drawdown Current decline from peak	-23.36%	-30.66%	+7.30%
Average Drawdown Average peak-to-trough decline	-16.39%	-10.09%	-6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.70%	25.01%	-8.31%

Volatility

APO vs. RACE.MI - Volatility Comparison

The current volatility for Apollo Global Management, Inc. (APO) is 8.49%, while Ferrari NV (RACE.MI) has a volatility of 12.94%. This indicates that APO experiences smaller price fluctuations and is considered to be less risky than RACE.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APO	RACE.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	12.94%	-4.45%
Volatility (6M) Calculated over the trailing 6-month period	26.89%	25.68%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	35.44%	36.77%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.11%	29.90%	+7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.83%	29.00%	+8.83%

Dividends

APO vs. RACE.MI - Dividend Comparison

APO's dividend yield for the trailing twelve months is around 1.56%, more than RACE.MI's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APO Apollo Global Management, Inc.	1.56%	1.38%	1.10%	1.81%	2.51%	2.90%	4.72%	4.23%	7.86%	5.53%	6.46%	12.91%
RACE.MI Ferrari NV	1.18%	0.94%	0.59%	0.59%	0.68%	0.38%	0.60%	0.70%	0.82%	0.73%	0.83%	0.00%

Financials

Frequently Asked Questions

Can I hold both APO and RACE.MI in my portfolio?

APO and RACE.MI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.