APP vs. APPS
APP (AppLovin Corporation) and APPS (Digital Turbine, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, APP returned 50.33%/yr vs -33.72%/yr for APPS. At a 0.47 correlation, their price movements are largely independent.
Performance
APP vs. APPS - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -15.28% return, which is significantly lower than APPS's 73.40% return.
APP
- 1D
- -5.75%
- 1M
- 20.17%
- YTD
- -15.28%
- 6M
- -13.80%
- 1Y
- 43.24%
- 3Y*
- 184.42%
- 5Y*
- 50.33%
- 10Y*
- —
APPS
- 1D
- 1.40%
- 1M
- 119.49%
- YTD
- 73.40%
- 6M
- 76.58%
- 1Y
- 89.30%
- 3Y*
- -2.66%
- 5Y*
- -33.72%
- 10Y*
- 23.39%
APP vs. APPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -15.28% | 108.08% | 712.62% | 278.44% | -88.83% | 44.57% |
APPS Digital Turbine, Inc. | 73.40% | 195.86% | -75.36% | -54.99% | -75.01% | -22.13% |
Correlation
The correlation between APP and APPS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.47 |
The correlation between APP and APPS shifts across timeframes, from 0.35 (3 years) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
APP:
$193.36B
APPS:
$1.04B
APP:
$11.64
APPS:
-$0.27
APP:
31.53
APPS:
1.77
APP:
81.81
APPS:
5.42
APP:
$6.16B
APPS:
$555.80M
APP:
$5.45B
APPS:
$392.99M
APP:
$4.87B
APPS:
$80.59M
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Return for Risk
APP vs. APPS — Risk / Return Rank
APP
APPS
APP vs. APPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and Digital Turbine, Inc. (APPS). 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.
| APP | APPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.43 | -0.57 |
| Martin ratioReturn relative to average drawdown | 1.72 | 2.39 | -0.67 |
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
| APP | APPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.84 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | -0.31 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.07 | +0.62 |
Drawdowns
APP vs. APPS - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, smaller than the maximum APPS drawdown of -98.72%. Use the drawdown chart below to compare losses from any high point for APP and APPS.
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Drawdown Indicators
| APP | APPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -98.72% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -62.60% | +12.61% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -89.18% | +32.18% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -98.68% | +6.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.72% | — |
Current DrawdownCurrent decline from peak | -22.19% | -90.85% | +68.66% |
Average DrawdownAverage peak-to-trough decline | -42.51% | -77.73% | +35.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.17% | 37.43% | -12.26% |
Volatility
APP vs. APPS - Volatility Comparison
The current volatility for AppLovin Corporation (APP) is 21.08%, while Digital Turbine, Inc. (APPS) has a volatility of 41.51%. This indicates that APP experiences smaller price fluctuations and is considered to be less risky than APPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | APPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.08% | 41.51% | -20.43% |
Volatility (6M)Calculated over the trailing 6-month period | 58.50% | 59.31% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.82% | 106.64% | -35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.78% | 109.54% | -31.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 93.37% | -15.82% |
Dividends
APP vs. APPS - Dividend Comparison
Neither APP nor APPS has paid dividends to shareholders.
Financials
APP vs. APPS - Financials Comparison
This section allows you to compare key financial metrics between AppLovin Corporation and Digital Turbine, 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
APP vs. APPS - Profitability Comparison
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%.
APPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Digital Turbine, Inc. reported a gross profit of 129.83M and revenue of 142.55M. Therefore, the gross margin over that period was 91.1%.
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%.
APPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Digital Turbine, Inc. reported an operating income of 10.52M and revenue of 142.55M, resulting in an operating margin of 7.4%.
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%.
APPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Digital Turbine, Inc. reported a net income of -7.34M and revenue of 142.55M, resulting in a net margin of -5.2%.
Frequently Asked Questions
APP and APPS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APPS has higher volatility (41.51%) compared to APP (21.08%). In terms of maximum drawdown, APP dropped -91.90% vs APPS's -98.72%.
APPS currently has the higher Sharpe Ratio (0.84 vs 0.61), 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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