APP vs. USFR
APP (AppLovin Corporation) is a stock, while USFR (WisdomTree Floating Rate Treasury Fund) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 5 years, APP returned 40.77%/yr vs 3.71%/yr for USFR. At a correlation of -0.00, they often move in opposite directions.
Performance
APP vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APP achieves a -30.69% return, which is significantly lower than USFR's 1.82% return.
APP
- 1D
- -0.50%
- 1M
- -3.04%
- YTD
- -30.69%
- 6M
- -35.89%
- 1Y
- 39.24%
- 3Y*
- 171.29%
- 5Y*
- 40.77%
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
APP vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APP AppLovin Corporation | -30.69% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.11% |
Correlation
The correlation between APP and USFR is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APP vs. USFR — Risk / Return Rank
APP
USFR
APP vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppLovin Corporation (APP) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.11 | ||
| Sortino ratioReturn per unit of downside risk | -48.98 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 13.31 | -12.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 201.33 | -200.54 |
| Martin ratioReturn relative to average drawdown | 1.54 | 779.76 | -778.22 |
Loading charts...
Drawdowns
APP vs. USFR - Drawdown Comparison
The maximum APP drawdown since its inception was -91.90%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for APP and USFR.
Loading charts...
Drawdown Indicators
| APP | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -1.36% | -90.54% |
Max Drawdown (1Y)Largest decline over 1 year | -49.99% | -0.02% | -49.97% |
Max Drawdown (3Y)Largest decline over 3 years | -57.00% | -0.06% | -56.94% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -0.18% | -91.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -36.34% | 0.00% | -36.34% |
Average DrawdownAverage peak-to-trough decline | -42.48% | -0.15% | -42.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.48% | 0.01% | +25.47% |
Volatility
APP vs. USFR - Volatility Comparison
AppLovin Corporation (APP) has a higher volatility of 20.85% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that APP's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APP | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.85% | 0.09% | +20.76% |
Volatility (6M)Calculated over the trailing 6-month period | 58.78% | 0.19% | +58.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.97% | 0.27% | +70.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.90% | 0.40% | +77.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.45% | 0.78% | +76.67% |
Dividends
APP vs. USFR - Dividend Comparison
APP has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
APP and USFR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.85%) compared to USFR (0.09%). In terms of maximum drawdown, APP dropped -91.90% vs USFR's -1.36%.
USFR currently has the higher Sharpe Ratio (14.67 vs 0.56), 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.
Find the right allocation for APP and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer