APP vs. PLTR
APP (AppLovin Corporation) and PLTR (Palantir Technologies Inc.) are both stocks. APP operates in Advertising Agencies (Communication Services), while PLTR operates in Software - Infrastructure (Technology). Over the past 5 years, APP returned 43.23%/yr vs 39.00%/yr for PLTR. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
APP vs. PLTR - Performance Comparison
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Returns By Period
In the year-to-date period, APP achieves a -26.28% return, which is significantly higher than PLTR's -27.99% return.
APP
- 1D
- 3.80%
- 1M
- -0.84%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 36.29%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
PLTR
- 1D
- -2.36%
- 1M
- -4.48%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -6.85%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
APP vs. PLTR - 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% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -23.16% |
Correlation
The correlation between APP and PLTR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.58 |
The correlation between APP and PLTR has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
Fundamentals
APP:
$168.27B
PLTR:
$329.05B
APP:
$11.64
PLTR:
$0.89
APP:
42.68
PLTR:
144.03
APP:
0.13
PLTR:
0.84
APP:
27.44
PLTR:
62.90
APP:
71.20
PLTR:
38.94
APP:
$6.16B
PLTR:
$5.22B
APP:
$5.45B
PLTR:
$4.39B
APP:
$4.87B
PLTR:
$2.01B
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Return for Risk
APP vs. PLTR — Risk / Return Rank
APP
PLTR
APP vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | -0.14 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.22 | -0.25 | +1.47 |
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Drawdowns
APP vs. PLTR - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, which is greater than PLTR's maximum drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for APP and PLTR.
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Drawdown Indicators
| APP | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -84.62% | -7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -38.22% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -40.61% | -16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -79.14% | -12.76% |
Current DrawdownCurrent decline from peak | -32.28% | -38.22% | +5.94% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -40.27% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.10% | 21.23% | +3.87% |
Volatility
APP vs. PLTR - Volatility Comparison
AppLovin Corporation (APP) has a higher volatility of 20.54% compared to Palantir Technologies Inc. (PLTR) at 17.16%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APP | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.54% | 17.16% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 38.32% | +20.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.03% | 50.83% | +20.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.84% | 65.44% | +12.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.53% | 69.75% | +7.78% |
Dividends
APP vs. PLTR - Dividend Comparison
Neither APP nor PLTR has paid dividends to shareholders.
Financials
APP vs. PLTR - Financials Comparison
This section allows you to compare key financial metrics between AppLovin Corporation and Palantir Technologies 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
APP vs. PLTR - 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%.
PLTR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a gross profit of 1.42B and revenue of 1.63B. Therefore, the gross margin over that period was 86.8%.
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%.
PLTR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported an operating income of 754.00M and revenue of 1.63B, resulting in an operating margin of 46.2%.
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%.
PLTR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a net income of 870.53M and revenue of 1.63B, resulting in a net margin of 53.3%.
Frequently Asked Questions
APP and PLTR have a correlation of 0.52, 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 PLTR (17.16%). In terms of maximum drawdown, APP dropped -91.90% vs PLTR's -84.62%.
APP currently has the higher Sharpe Ratio (0.43 vs -0.11), 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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