APP vs. APPS

Last updated Apr 1, 2026

Compare and contrast key facts about AppLovin Corporation (APP) and Digital Turbine, Inc. (APPS).

Performance

APP vs. APPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AppLovin Corporation (APP) and Digital Turbine, Inc. (APPS). The values are adjusted to include any dividend payments, if applicable.

APP vs. APPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
APP AppLovin Corporation	-40.93%	108.08%	712.62%	278.44%	-88.83%	44.57%
APPS Digital Turbine, Inc.	-42.40%	195.86%	-75.36%	-54.99%	-75.01%	-22.13%

Fundamentals

Market Cap APP : $135.28B APPS : $346.97M
EPS APP : $9.78 APPS : -$0.38
PS Ratio APP : 24.76 APPS : 0.60
PB Ratio APP : 63.37 APPS : 1.78
Total Revenue (TTM) APP : $5.48B APPS : $532.40M
Gross Profit (TTM) APP : $4.82B APPS : $319.76M
EBITDA (TTM) APP : $4.12B APPS : $65.81M

Returns By Period

The year-to-date returns for both stocks are quite close, with APP having a -40.93% return and APPS slightly lower at -42.40%.

APP

• 1D: 6.97%
• 1M: -8.46%
• YTD: -40.93%
• 6M: -44.61%
• 1Y: 50.21%
• 3Y*: 193.45%
• 5Y*: —
• 10Y*: —

APPS

• 1D: 0.35%
• 1M: -29.06%
• YTD: -42.40%
• 6M: -55.00%
• 1Y: 6.08%
• 3Y*: -38.46%
• 5Y*: -48.85%
• 10Y*: 9.61%

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

Return for Risk

APP vs. APPS — Risk / Return Rank

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

APP

APP Risk / Return Rank: 64
APP Sharpe Ratio Rank: 66
APP Sortino Ratio Rank: 64
APP Omega Ratio Rank: 64
APP Calmar Ratio Rank: 63
APP Martin Ratio Rank: 64

APPS

APPS Risk / Return Rank: 47
APPS Sharpe Ratio Rank: 44
APPS Sortino Ratio Rank: 55
APPS Omega Ratio Rank: 51
APPS Calmar Ratio Rank: 43
APPS Martin Ratio Rank: 42

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.

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 ratio Return per unit of total volatility	0.67	0.06	+0.61
Sortino ratio Return per unit of downside risk	1.29	0.97	+0.32
Omega ratio Gain probability vs. loss probability	1.17	1.11	+0.07
Calmar ratio Return relative to maximum drawdown	0.92	0.02	+0.90
Martin ratio Return relative to average drawdown	2.24	0.04	+2.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APP vs. APPS - Sharpe Ratio Comparison

The current APP Sharpe Ratio is 0.67, which is higher than the APPS Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of APP and APPS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APP	APPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.06	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.02	+0.55

Correlation

The correlation between APP and APPS is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

APP vs. APPS - Dividend Comparison

Neither APP nor APPS has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	APP	APPS	Difference
Max Drawdown Largest peak-to-trough decline	-91.90%	-98.72%	+6.82%
Max Drawdown (1Y) Largest decline over 1 year	-49.99%	-61.94%	+11.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-98.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.72%	—
Current Drawdown Current decline from peak	-45.75%	-96.96%	+51.21%
Average Drawdown Average peak-to-trough decline	-42.76%	-77.57%	+34.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.59%	31.84%	-11.25%

Volatility

APP vs. APPS - Volatility Comparison

AppLovin Corporation (APP) has a higher volatility of 21.74% compared to Digital Turbine, Inc. (APPS) at 11.34%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than APPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APP	APPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.74%	11.34%	+10.40%
Volatility (6M) Calculated over the trailing 6-month period	58.38%	50.97%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	75.93%	103.01%	-27.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.95%	107.28%	-29.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.95%	92.48%	-14.53%

Financials