APP vs. OLMA

Last updated Apr 1, 2026

Compare and contrast key facts about AppLovin Corporation (APP) and Olema Pharmaceuticals, Inc. (OLMA).

Performance

APP vs. OLMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AppLovin Corporation (APP) and Olema Pharmaceuticals, Inc. (OLMA). The values are adjusted to include any dividend payments, if applicable.

APP vs. OLMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
APP AppLovin Corporation	-40.93%	108.08%	712.62%	278.44%	-88.83%	44.57%
OLMA Olema Pharmaceuticals, Inc.	-40.36%	328.82%	-58.45%	472.65%	-73.82%	-73.54%

Fundamentals

EPS APP : $9.78 OLMA : -$1.75
Total Revenue (TTM) APP : $5.48B OLMA : $0.00
Gross Profit (TTM) APP : $4.82B OLMA : $0.00
EBITDA (TTM) APP : $4.12B OLMA : -$161.30M

Returns By Period

The year-to-date returns for both investments are quite close, with APP having a -40.93% return and OLMA slightly higher at -40.36%.

APP

• 1D: 6.97%
• 1M: -8.46%
• YTD: -40.93%
• 6M: -44.61%
• 1Y: 50.21%
• 3Y*: 193.45%
• 5Y*: —
• 10Y*: —

OLMA

• 1D: 11.10%
• 1M: -38.39%
• YTD: -40.36%
• 6M: 52.30%
• 1Y: 296.54%
• 3Y*: 62.57%
• 5Y*: -15.39%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

APP vs. OLMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APP

APP Risk / Return Rank: 64
APP Sharpe Ratio Rank: 66
APP Sortino Ratio Rank: 64
APP Omega Ratio Rank: 64
APP Calmar Ratio Rank: 63
APP Martin Ratio Rank: 64

OLMA

OLMA Risk / Return Rank: 93
OLMA Sharpe Ratio Rank: 89
OLMA Sortino Ratio Rank: 97
OLMA Omega Ratio Rank: 96
OLMA Calmar Ratio Rank: 91
OLMA Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	APP	OLMA	Difference
Sharpe ratio Return per unit of total volatility	0.67	1.84	-1.17
Sortino ratio Return per unit of downside risk	1.29	4.00	-2.71
Omega ratio Gain probability vs. loss probability	1.17	1.53	-0.35
Calmar ratio Return relative to maximum drawdown	0.92	4.20	-3.28
Martin ratio Return relative to average drawdown	2.24	11.00	-8.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APP vs. OLMA - Sharpe Ratio Comparison

The current APP Sharpe Ratio is 0.67, which is lower than the OLMA Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of APP and OLMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APP	OLMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.84	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	-0.19	+0.75

Correlation

The correlation between APP and OLMA is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

APP vs. OLMA - Dividend Comparison

Neither APP nor OLMA has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	APP	OLMA	Difference
Max Drawdown Largest peak-to-trough decline	-91.90%	-96.26%	+4.36%
Max Drawdown (1Y) Largest decline over 1 year	-49.99%	-62.55%	+12.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.36%	—
Current Drawdown Current decline from peak	-45.75%	-72.64%	+26.89%
Average Drawdown Average peak-to-trough decline	-42.76%	-75.04%	+32.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.59%	23.88%	-3.29%

Volatility

APP vs. OLMA - Volatility Comparison

The current volatility for AppLovin Corporation (APP) is 21.74%, while Olema Pharmaceuticals, Inc. (OLMA) has a volatility of 37.35%. 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.

Volatility by Period

	APP	OLMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.74%	37.35%	-15.61%
Volatility (6M) Calculated over the trailing 6-month period	58.38%	106.07%	-47.69%
Volatility (1Y) Calculated over the trailing 1-year period	75.93%	162.85%	-86.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.95%	108.49%	-30.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.95%	107.61%	-29.66%

Financials