APP vs. IXC
APP (AppLovin Corporation) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global Energy Sector Index. Over the past 5 years, APP returned 50.33%/yr vs 19.64%/yr for IXC. At a 0.12 correlation, their price movements are largely independent.
Performance
APP vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -15.28% return, which is significantly lower than IXC's 32.22% return.
APP
- 1D
- -5.75%
- 1M
- 20.17%
- YTD
- -15.28%
- 6M
- -13.80%
- 1Y
- 43.24%
- 3Y*
- 184.42%
- 5Y*
- 50.33%
- 10Y*
- —
IXC
- 1D
- 0.87%
- 1M
- -1.75%
- YTD
- 32.22%
- 6M
- 30.00%
- 1Y
- 48.10%
- 3Y*
- 18.84%
- 5Y*
- 19.64%
- 10Y*
- 10.29%
APP vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -15.28% | 108.08% | 712.62% | 278.44% | -88.83% | 44.57% |
IXC iShares Global Energy ETF | 32.22% | 13.98% | 1.95% | 3.92% | 48.51% | 15.56% |
Correlation
The correlation between APP and IXC is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.12 |
The correlation between APP and IXC shifts across timeframes, from -0.10 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
APP vs. IXC — Risk / Return Rank
APP
IXC
APP vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.42 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 5.00 | -4.13 |
| Martin ratioReturn relative to average drawdown | 1.72 | 15.10 | -13.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APP | IXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.58 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.84 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.32 | +0.36 |
Drawdowns
APP vs. IXC - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for APP and IXC.
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Drawdown Indicators
| APP | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -67.88% | -24.02% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -9.66% | -40.33% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -19.06% | -37.94% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -24.93% | -66.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -22.19% | -4.84% | -17.35% |
Average DrawdownAverage peak-to-trough decline | -42.51% | -17.48% | -25.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.17% | 3.20% | +21.97% |
Volatility
APP vs. IXC - Volatility Comparison
AppLovin Corporation (APP) has a higher volatility of 21.08% compared to iShares Global Energy ETF (IXC) at 7.50%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.08% | 7.50% | +13.58% |
Volatility (6M)Calculated over the trailing 6-month period | 58.50% | 15.42% | +43.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.82% | 18.75% | +52.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.78% | 23.50% | +54.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 26.85% | +50.70% |
Dividends
APP vs. IXC - Dividend Comparison
APP has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 2.79%.
| 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% |
IXC iShares Global Energy ETF | 2.79% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
APP and IXC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (21.08%) compared to IXC (7.50%). In terms of maximum drawdown, APP dropped -91.90% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (2.58 vs 0.61), 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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