APP vs. ARQQ
APP (AppLovin Corporation) and ARQQ (Arqit Quantum Inc.) are both stocks. APP operates in Advertising Agencies (Communication Services), while ARQQ operates in Software - Infrastructure (Technology). Over the past 3 years, APP returned 180.45%/yr vs -28.53%/yr for ARQQ. At a 0.23 correlation, their price movements are largely independent.
Performance
APP vs. ARQQ - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -26.28% return, which is significantly higher than ARQQ's -37.84% return.
APP
- 1D
- 3.80%
- 1M
- 9.53%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 30.53%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
ARQQ
- 1D
- -0.66%
- 1M
- -1.66%
- YTD
- -37.84%
- 6M
- -52.03%
- 1Y
- -49.10%
- 3Y*
- -28.53%
- 5Y*
- —
- 10Y*
- —
APP vs. ARQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 20.88% |
ARQQ Arqit Quantum Inc. | -37.84% | -43.67% | 227.76% | -86.87% | -84.93% | 158.92% |
Correlation
The correlation between APP and ARQQ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2021 | 0.23 |
Fundamentals
APP:
$168.27B
ARQQ:
$225.50M
APP:
$11.64
ARQQ:
-$4.72
APP:
27.44
ARQQ:
151.77
APP:
71.20
ARQQ:
7.91
APP:
$6.16B
ARQQ:
$1.43M
APP:
$5.45B
ARQQ:
-$307.00K
APP:
$4.87B
ARQQ:
-$68.30M
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Return for Risk
APP vs. ARQQ — Risk / Return Rank
APP
ARQQ
APP vs. ARQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and Arqit Quantum Inc. (ARQQ). 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 | ARQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.98 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | -0.62 | +1.23 |
| Martin ratioReturn relative to average drawdown | 1.22 | -0.91 | +2.14 |
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Drawdowns
APP vs. ARQQ - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, smaller than the maximum ARQQ drawdown of -99.60%. Use the drawdown chart below to compare losses from any high point for APP and ARQQ.
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Drawdown Indicators
| APP | ARQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -99.60% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -79.78% | +29.79% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -89.76% | +32.76% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | — | — |
Current DrawdownCurrent decline from peak | -32.28% | -98.57% | +66.29% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -88.78% | +46.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | 53.78% | -28.68% |
Volatility
APP vs. ARQQ - Volatility Comparison
The current volatility for AppLovin Corporation (APP) is 20.54%, while Arqit Quantum Inc. (ARQQ) has a volatility of 35.65%. This indicates that APP experiences smaller price fluctuations and is considered to be less risky than ARQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | ARQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.54% | 35.65% | -15.11% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 64.49% | -5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.03% | 104.65% | -33.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.84% | 134.12% | -56.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.53% | 134.12% | -56.59% |
Dividends
APP vs. ARQQ - Dividend Comparison
Neither APP nor ARQQ has paid dividends to shareholders.
Financials
APP vs. ARQQ - Financials Comparison
This section allows you to compare key financial metrics between AppLovin Corporation and Arqit Quantum 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
Frequently Asked Questions
APP and ARQQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARQQ has higher volatility (35.65%) compared to APP (20.54%). In terms of maximum drawdown, APP dropped -91.90% vs ARQQ's -99.60%.
APP currently has the higher Sharpe Ratio (0.43 vs -0.47), 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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