APP vs. ARKF
APP (AppLovin Corporation) is a stock, while ARKF (ARK Fintech Innovation ETF) is Blockchain fund actively managed by ARK. Over the past 5 years, APP returned 43.23%/yr vs -5.06%/yr for ARKF. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
APP vs. ARKF - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -26.28% return, which is significantly lower than ARKF's -18.31% return.
APP
- 1D
- 3.80%
- 1M
- 9.53%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 30.53%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
ARKF
- 1D
- 0.00%
- 1M
- -5.76%
- YTD
- -18.31%
- 6M
- -21.31%
- 1Y
- -11.87%
- 3Y*
- 23.97%
- 5Y*
- -5.06%
- 10Y*
- —
APP vs. ARKF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
ARKF ARK Fintech Innovation ETF | -18.31% | 28.67% | 34.34% | 93.27% | -65.07% | -23.94% |
Correlation
The correlation between APP and ARKF is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.63 |
The correlation between APP and ARKF has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
APP vs. ARKF — Risk / Return Rank
APP
ARKF
APP vs. ARKF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and ARK Fintech Innovation ETF (ARKF). 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.
| APP | ARKF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | -0.31 | +0.92 |
| Martin ratioReturn relative to average drawdown | 1.22 | -0.57 | +1.79 |
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Drawdowns
APP vs. ARKF - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, which is greater than ARKF's maximum drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for APP and ARKF.
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Drawdown Indicators
| APP | ARKF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -78.63% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -38.50% | -11.49% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -38.50% | -18.50% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -75.30% | -16.60% |
Current DrawdownCurrent decline from peak | -32.28% | -38.77% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -34.95% | -7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | 21.00% | +4.10% |
Volatility
APP vs. ARKF - Volatility Comparison
AppLovin Corporation (APP) has a higher volatility of 20.54% compared to ARK Fintech Innovation ETF (ARKF) at 10.36%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than ARKF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | ARKF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.54% | 10.36% | +10.18% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 25.14% | +33.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.03% | 33.69% | +37.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.84% | 42.87% | +34.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.53% | 39.77% | +37.76% |
Dividends
APP vs. ARKF - Dividend Comparison
APP has not paid dividends to shareholders, while ARKF's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKF ARK Fintech Innovation ETF | 0.11% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 1.25% |
Frequently Asked Questions
APP and ARKF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.54%) compared to ARKF (10.36%). In terms of maximum drawdown, APP dropped -91.90% vs ARKF's -78.63%.
APP currently has the higher Sharpe Ratio (0.43 vs -0.35), 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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