APP vs. HMY
APP (AppLovin Corporation) and HMY (Harmony Gold Mining Company Limited) are both stocks. APP operates in Advertising Agencies (Communication Services), while HMY operates in Gold (Basic Materials). Over the past 5 years, APP returned 43.23%/yr vs 29.67%/yr for HMY. At a 0.13 correlation, their price movements are largely independent.
Performance
APP vs. HMY - 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 HMY's -18.77% return.
APP
- 1D
- 3.80%
- 1M
- 2.39%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 36.29%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
HMY
- 1D
- 4.27%
- 1M
- -8.69%
- YTD
- -18.77%
- 6M
- -20.76%
- 1Y
- 8.23%
- 3Y*
- 55.21%
- 5Y*
- 29.67%
- 10Y*
- 17.69%
APP vs. HMY - 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% |
HMY Harmony Gold Mining Company Limited | -18.77% | 145.47% | 35.39% | 82.51% | -16.42% | -3.44% |
Correlation
The correlation between APP and HMY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.13 |
Fundamentals
APP:
$168.27B
HMY:
$9.49B
APP:
$11.64
HMY:
ZAR 41.64
APP:
42.68
HMY:
0.36
APP:
0.13
HMY:
0.00
APP:
27.44
HMY:
0.06
APP:
71.20
HMY:
0.18
APP:
$6.16B
HMY:
ZAR 150.28B
APP:
$5.45B
HMY:
ZAR 57.55B
APP:
$4.87B
HMY:
ZAR 55.56B
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Return for Risk
APP vs. HMY — Risk / Return Rank
APP
HMY
APP vs. HMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and Harmony Gold Mining Company Limited (HMY). 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 | HMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.18 | +0.43 |
| Martin ratioReturn relative to average drawdown | 1.22 | 0.40 | +0.82 |
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Drawdowns
APP vs. HMY - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, smaller than the maximum HMY drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for APP and HMY.
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Drawdown Indicators
| APP | HMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -97.04% | +5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -48.85% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -48.85% | -8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -62.48% | -29.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.05% | — |
Current DrawdownCurrent decline from peak | -32.28% | -37.92% | +5.64% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -52.74% | +10.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | 21.98% | +3.12% |
Volatility
APP vs. HMY - Volatility Comparison
AppLovin Corporation (APP) and Harmony Gold Mining Company Limited (HMY) have volatilities of 20.54% and 21.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | HMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.54% | 21.33% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 48.63% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.03% | 64.67% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.84% | 58.53% | +19.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.53% | 61.20% | +16.33% |
Dividends
APP vs. HMY - Dividend Comparison
APP has not paid dividends to shareholders, while HMY's dividend yield for the trailing twelve months is around 2.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMY Harmony Gold Mining Company Limited | 2.53% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
Financials
APP vs. HMY - Financials Comparison
This section allows you to compare key financial metrics between AppLovin Corporation and Harmony Gold Mining Company Limited. 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. HMY - 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%.
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.
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%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.
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%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.
Frequently Asked Questions
APP and HMY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMY has higher volatility (21.33%) compared to APP (20.54%). In terms of maximum drawdown, APP dropped -91.90% vs HMY's -97.04%.
APP currently has the higher Sharpe Ratio (0.43 vs 0.14), 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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