APPF vs. APP
APPF (AppFolio, Inc.) and APP (AppLovin Corporation) are both stocks. APPF operates in Software - Application (Technology), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, APPF returned -0.42%/yr vs 41.93%/yr for APP. At a 0.39 correlation, their price movements are largely independent.
Performance
APPF vs. APP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APPF achieves a -37.94% return, which is significantly lower than APP's -30.34% return.
APPF
- 1D
- -4.70%
- 1M
- -12.45%
- YTD
- -37.94%
- 6M
- -38.88%
- 1Y
- -35.34%
- 3Y*
- -4.55%
- 5Y*
- -0.42%
- 10Y*
- 26.30%
APP
- 1D
- -0.07%
- 1M
- -2.55%
- YTD
- -30.34%
- 6M
- -36.02%
- 1Y
- 44.56%
- 3Y*
- 171.75%
- 5Y*
- 41.93%
- 10Y*
- —
APPF vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APPF AppFolio, Inc. | -37.94% | -5.70% | 42.42% | 64.40% | -12.95% | -16.40% |
APP AppLovin Corporation | -30.34% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between APPF and APP is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.39 |
Fundamentals
APPF:
$5.17B
APP:
$159.00B
APPF:
$4.21
APP:
$11.64
APPF:
34.32
APP:
40.32
APPF:
0.02
APP:
0.12
APPF:
5.24
APP:
25.92
APPF:
11.00
APP:
67.27
APPF:
$995.33M
APP:
$6.16B
APPF:
$629.41M
APP:
$5.45B
APPF:
$197.89M
APP:
$4.87B
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
APPF vs. APP — Risk / Return Rank
APPF
APP
APPF vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AppFolio, Inc. (APPF) and AppLovin Corporation (APP). 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.
| APPF | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.16 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 0.90 | -1.54 |
| Martin ratioReturn relative to average drawdown | -1.03 | 1.76 | -2.79 |
Loading charts...
Drawdowns
APPF vs. APP - Drawdown Comparison
The maximum APPF drawdown since its inception was -55.38%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for APPF and APP.
Loading charts...
Drawdown Indicators
| APPF | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -91.90% | +36.52% |
Max Drawdown (1Y)Largest decline over 1 year | -55.38% | -49.99% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -55.38% | -57.00% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -55.38% | -91.90% | +36.52% |
Max Drawdown (10Y)Largest decline over 10 years | -55.38% | — | — |
Current DrawdownCurrent decline from peak | -55.06% | -36.02% | -19.04% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -42.48% | +24.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.38% | 25.37% | +9.01% |
Volatility
APPF vs. APP - Volatility Comparison
The current volatility for AppFolio, Inc. (APPF) is 16.50%, while AppLovin Corporation (APP) has a volatility of 20.86%. This indicates that APPF experiences smaller price fluctuations and is considered to be less risky than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APPF | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | 20.86% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 32.11% | 59.06% | -26.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.93% | 71.11% | -27.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.24% | 77.91% | -34.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.30% | 77.48% | -33.18% |
Dividends
APPF vs. APP - Dividend Comparison
Neither APPF nor APP has paid dividends to shareholders.
Financials
APPF vs. APP - Financials Comparison
This section allows you to compare key financial metrics between AppFolio, Inc. and AppLovin 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
APPF vs. APP - Profitability Comparison
APPF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AppFolio, Inc. reported a gross profit of 167.24M and revenue of 262.21M. Therefore, the gross margin over that period was 63.8%.
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%.
APPF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AppFolio, Inc. reported an operating income of 50.75M and revenue of 262.21M, resulting in an operating margin of 19.4%.
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%.
APPF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AppFolio, Inc. reported a net income of 42.42M and revenue of 262.21M, resulting in a net margin of 16.2%.
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%.
Frequently Asked Questions
APPF and APP have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.86%) compared to APPF (16.50%). In terms of maximum drawdown, APPF dropped -55.38% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.63 vs -0.81), 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 APPF and APP
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