APP vs. NOC
APP (AppLovin Corporation) and NOC (Northrop Grumman Corporation) are both stocks. APP operates in Advertising Agencies (Communication Services), while NOC operates in Aerospace & Defense (Industrials). Over the past 5 years, APP returned 44.79%/yr vs 9.82%/yr for NOC. At a correlation of -0.05, they often move in opposite directions.
Performance
APP vs. NOC - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -22.70% return, which is significantly lower than NOC's -3.04% return.
APP
- 1D
- -7.60%
- 1M
- 11.16%
- YTD
- -22.70%
- 6M
- -28.12%
- 1Y
- 35.78%
- 3Y*
- 184.32%
- 5Y*
- 44.79%
- 10Y*
- —
NOC
- 1D
- 1.45%
- 1M
- 0.28%
- YTD
- -3.04%
- 6M
- 0.40%
- 1Y
- 13.41%
- 3Y*
- 8.28%
- 5Y*
- 9.82%
- 10Y*
- 11.47%
APP vs. NOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -22.70% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
NOC Northrop Grumman Corporation | -3.04% | 23.61% | 1.93% | -12.79% | 43.02% | 14.71% |
Correlation
The correlation between APP and NOC is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.05 |
Fundamentals
APP:
$176.42B
NOC:
$78.19B
APP:
$11.64
NOC:
$31.95
APP:
44.74
NOC:
17.17
APP:
0.13
NOC:
2.53
APP:
28.77
NOC:
1.85
APP:
74.65
NOC:
4.57
APP:
$6.16B
NOC:
$42.37B
APP:
$5.45B
NOC:
$8.69B
APP:
$4.87B
NOC:
$7.50B
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Return for Risk
APP vs. NOC — Risk / Return Rank
APP
NOC
APP vs. NOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and Northrop Grumman Corporation (NOC). 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 | NOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.43 | +0.29 |
| Martin ratioReturn relative to average drawdown | 1.44 | 1.13 | +0.31 |
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 | NOC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.51 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.39 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.46 | +0.16 |
Drawdowns
APP vs. NOC - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, which is greater than NOC's maximum drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for APP and NOC.
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Drawdown Indicators
| APP | NOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -71.12% | -20.78% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -31.20% | -18.79% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -31.20% | -25.80% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -31.20% | -60.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.38% | — |
Current DrawdownCurrent decline from peak | -29.00% | -28.25% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -42.54% | -18.40% | -24.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.87% | 11.85% | +13.02% |
Volatility
APP vs. NOC - Volatility Comparison
AppLovin Corporation (APP) has a higher volatility of 21.00% compared to Northrop Grumman Corporation (NOC) at 7.36%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than NOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | NOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.00% | 7.36% | +13.64% |
Volatility (6M)Calculated over the trailing 6-month period | 58.73% | 21.17% | +37.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.15% | 26.46% | +44.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.81% | 25.27% | +52.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 25.42% | +52.13% |
Dividends
APP vs. NOC - Dividend Comparison
APP has not paid dividends to shareholders, while NOC's dividend yield for the trailing twelve months is around 1.71%.
| 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% |
NOC Northrop Grumman Corporation | 1.71% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
Financials
APP vs. NOC - Financials Comparison
This section allows you to compare key financial metrics between AppLovin Corporation and Northrop Grumman Corporation. 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. NOC - 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%.
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a gross profit of 1.96B and revenue of 9.88B. Therefore, the gross margin over that period was 19.8%.
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%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported an operating income of 989.00M and revenue of 9.88B, resulting in an operating margin of 10.0%.
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%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a net income of 875.00M and revenue of 9.88B, resulting in a net margin of 8.9%.
Frequently Asked Questions
APP and NOC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (21.00%) compared to NOC (7.36%). In terms of maximum drawdown, APP dropped -91.90% vs NOC's -71.12%.
NOC currently has the higher Sharpe Ratio (0.51 vs 0.51), 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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