APP vs. IAI
APP (AppLovin Corporation) is a stock, while IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) is Financials Equities fund tracking the DJ US Select / Investment Services. Over the past 5 years, APP returned 43.23%/yr vs 14.44%/yr for IAI. At a 0.42 correlation, their price movements are largely independent.
Performance
APP vs. IAI - 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 IAI's 3.17% return.
APP
- 1D
- 3.80%
- 1M
- 9.53%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 30.53%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
IAI
- 1D
- 1.83%
- 1M
- 3.22%
- YTD
- 3.17%
- 6M
- 2.78%
- 1Y
- 19.26%
- 3Y*
- 28.06%
- 5Y*
- 14.44%
- 10Y*
- 19.37%
APP vs. IAI - 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% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 3.17% | 25.80% | 34.37% | 15.27% | -10.87% | 16.27% |
Correlation
The correlation between APP and IAI 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 | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.42 |
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Return for Risk
APP vs. IAI — Risk / Return Rank
APP
IAI
APP vs. IAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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 | IAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.17 | -0.56 |
| Martin ratioReturn relative to average drawdown | 1.22 | 3.33 | -2.10 |
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Drawdowns
APP vs. IAI - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, which is greater than IAI's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for APP and IAI.
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Drawdown Indicators
| APP | IAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -75.46% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -16.52% | -33.47% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -23.14% | -33.86% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -28.84% | -63.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.38% | — |
Current DrawdownCurrent decline from peak | -32.28% | -2.81% | -29.47% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -22.63% | -19.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | 5.80% | +19.30% |
Volatility
APP vs. IAI - Volatility Comparison
AppLovin Corporation (APP) has a higher volatility of 20.54% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | IAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.54% | 5.98% | +14.56% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 15.34% | +43.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.03% | 19.44% | +51.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.84% | 21.48% | +56.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.53% | 22.85% | +54.68% |
Dividends
APP vs. IAI - Dividend Comparison
APP has not paid dividends to shareholders, while IAI's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
Frequently Asked Questions
APP and IAI 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.
APP has higher volatility (20.54%) compared to IAI (5.98%). In terms of maximum drawdown, APP dropped -91.90% vs IAI's -75.46%.
IAI currently has the higher Sharpe Ratio (1.00 vs 0.43), 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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