APP vs. OLMA
APP (AppLovin Corporation) and OLMA (Olema Pharmaceuticals, Inc.) are both stocks. APP operates in Advertising Agencies (Communication Services), while OLMA operates in Biotechnology (Healthcare). Over the past 5 years, APP returned 41.93%/yr vs -17.80%/yr for OLMA. At a 0.22 correlation, their price movements are largely independent.
Performance
APP vs. OLMA - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -30.34% return, which is significantly higher than OLMA's -60.00% return.
APP
- 1D
- -0.07%
- 1M
- -2.55%
- YTD
- -30.34%
- 6M
- -36.02%
- 1Y
- 44.56%
- 3Y*
- 171.75%
- 5Y*
- 41.93%
- 10Y*
- —
OLMA
- 1D
- 5.15%
- 1M
- -26.90%
- YTD
- -60.00%
- 6M
- -64.51%
- 1Y
- 142.13%
- 3Y*
- 8.31%
- 5Y*
- -17.80%
- 10Y*
- —
APP vs. OLMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -30.34% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
OLMA Olema Pharmaceuticals, Inc. | -60.00% | 328.82% | -58.45% | 472.65% | -73.82% | -73.90% |
Correlation
The correlation between APP and OLMA is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.22 |
The correlation between APP and OLMA shifts across timeframes, from 0.04 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
APP:
$159.00B
OLMA:
$1.03B
APP:
$11.64
OLMA:
-$2.03
APP:
67.27
OLMA:
2.14
APP:
$6.16B
OLMA:
$0.00
APP:
$5.45B
OLMA:
-$187.00K
APP:
$4.87B
OLMA:
-$197.79M
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Return for Risk
APP vs. OLMA — Risk / Return Rank
APP
OLMA
APP vs. OLMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and Olema Pharmaceuticals, Inc. (OLMA). 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 | OLMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.92 | -1.03 |
| Martin ratioReturn relative to average drawdown | 1.76 | 3.89 | -2.13 |
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Drawdowns
APP vs. OLMA - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, roughly equal to the maximum OLMA drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for APP and OLMA.
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Drawdown Indicators
| APP | OLMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -96.26% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -74.35% | +24.36% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -82.15% | +25.15% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -93.36% | +1.46% |
Current DrawdownCurrent decline from peak | -36.02% | -81.65% | +45.63% |
Average DrawdownAverage peak-to-trough decline | -42.48% | -74.99% | +32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.37% | 36.69% | -11.32% |
Volatility
APP vs. OLMA - Volatility Comparison
The current volatility for AppLovin Corporation (APP) is 20.86%, while Olema Pharmaceuticals, Inc. (OLMA) has a volatility of 22.54%. This indicates that APP experiences smaller price fluctuations and is considered to be less risky than OLMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | OLMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.86% | 22.54% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 59.06% | 53.62% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.11% | 160.85% | -89.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.91% | 107.89% | -29.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.48% | 106.13% | -28.65% |
Dividends
APP vs. OLMA - Dividend Comparison
Neither APP nor OLMA has paid dividends to shareholders.
Financials
APP vs. OLMA - Financials Comparison
This section allows you to compare key financial metrics between AppLovin Corporation and Olema Pharmaceuticals, 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 OLMA have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLMA has higher volatility (22.54%) compared to APP (20.86%). In terms of maximum drawdown, APP dropped -91.90% vs OLMA's -96.26%.
OLMA currently has the higher Sharpe Ratio (0.89 vs 0.63), 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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