APPS vs. APP
APPS (Digital Turbine, Inc.) and APP (AppLovin Corporation) are both stocks. APPS operates in Software - Application (Technology), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, APPS returned -33.71%/yr vs 45.14%/yr for APP. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
APPS vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, APPS achieves a 61.20% return, which is significantly higher than APP's -41.25% return.
APPS
- 1D
- -1.59%
- 1M
- -36.59%
- 6M
- 54.41%
- YTD
- 61.20%
- 1Y
- 57.42%
- 3Y*
- -8.93%
- 5Y*
- -33.71%
- 10Y*
- 22.49%
- ALL TIME*
- 7.75%
APP
- 1D
- -1.97%
- 1M
- -24.89%
- 6M
- -16.32%
- YTD
- -41.25%
- 1Y
- 4.41%
- 3Y*
- 132.67%
- 5Y*
- 45.14%
- 10Y*
- —
- ALL TIME*
- 38.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.74B | $2.73B | $2.75B | |
| $20.15M | $28.92M | $49.71M |
APPS vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APPS Digital Turbine, Inc. | 61.20% | 195.86% | -75.36% | -54.99% | -75.01% | -27.48% |
APP AppLovin Corporation | -41.25% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between APPS and APP is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.47 |
The correlation between APPS and APP shifts across timeframes, from 0.34 (3 years) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
APPS:
$974.74M
APP:
$133.00B
APPS:
-$0.26
APP:
$11.66
APPS:
1.68
APP:
21.83
APPS:
5.04
APP:
56.74
APPS:
$555.80M
APP:
$6.16B
APPS:
$392.99M
APP:
$5.45B
APPS:
$80.59M
APP:
$4.87B
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Return for Risk
APPS vs. APP — Risk / Return Rank
APPS
APP
APPS vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Digital Turbine, Inc. (APPS) 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.
| APPS | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.07 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.03 | +0.76 |
| Martin ratioReturn relative to average drawdown | 1.44 | 0.05 | +1.39 |
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Drawdowns
APPS vs. APP - Drawdown Comparison
The maximum APPS drawdown since its inception was -98.72%, which is greater than APP's maximum drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for APPS and APP.
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Drawdown Indicators
| APPS | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.72% | -91.90% | -6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -61.32% | -49.99% | -11.33% |
Max Drawdown (3Y)Largest decline over 3 years | -88.43% | -57.00% | -31.43% |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | -91.90% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -98.72% | — | — |
Current DrawdownCurrent decline from peak | -91.49% | -46.03% | -45.46% |
Average DrawdownAverage peak-to-trough decline | -77.80% | -42.38% | -35.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.45% | 28.35% | +5.10% |
Volatility
APPS vs. APP - Volatility Comparison
Digital Turbine, Inc. (APPS) has a higher volatility of 25.71% compared to AppLovin Corporation (APP) at 17.94%. This indicates that APPS's price experiences larger fluctuations and is considered to be riskier than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APPS | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.71% | 17.94% | +7.77% |
Volatility (6M)Calculated over the trailing 6-month period | 67.29% | 60.50% | +6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.13% | 73.25% | +17.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.35% | 78.11% | +32.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.78% | 77.32% | +16.46% |
Dividends
APPS vs. APP - Dividend Comparison
Neither APPS nor APP has paid dividends to shareholders.
Financials
APPS vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Digital Turbine, 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
APPS vs. APP - Profitability Comparison
APPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Digital Turbine, Inc. reported a gross profit of 129.83M and revenue of 142.55M. Therefore, the gross margin over that period was 91.1%.
APP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
APPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Digital Turbine, Inc. reported an operating income of 10.52M and revenue of 142.55M, resulting in an operating margin of 7.4%.
APP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AppLovin Corporation reported an operating income of 1.44B and revenue of 1.84B, resulting in an operating margin of 78.2%.
APPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Digital Turbine, Inc. reported a net income of -7.34M and revenue of 142.55M, resulting in a net margin of -5.2%.
APP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
APPS and APP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APPS has higher volatility (25.71%) compared to APP (17.94%). In terms of maximum drawdown, APPS dropped -98.72% vs APP's -91.90%.
APPS currently has the higher Sharpe Ratio (0.53 vs 0.02), 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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