BBAI vs. APP
BBAI (BigBear.ai Holdings, Inc.) and APP (AppLovin Corporation) are both stocks. BBAI operates in Information Technology Services (Technology), while APP operates in Advertising Agencies (Communication Services). Over the past 3 years, BBAI returned 20.46%/yr vs 180.45%/yr for APP. At a 0.27 correlation, their price movements are largely independent.
Performance
BBAI vs. APP - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BBAI having a -25.56% return and APP slightly lower at -26.28%.
BBAI
- 1D
- -2.90%
- 1M
- -4.51%
- YTD
- -25.56%
- 6M
- -36.99%
- 1Y
- 4.96%
- 3Y*
- 20.46%
- 5Y*
- —
- 10Y*
- —
APP
- 1D
- 3.80%
- 1M
- 9.53%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 30.53%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
BBAI vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | -25.56% | 21.35% | 107.94% | 217.65% | -88.10% | -27.90% |
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 12.55% |
Correlation
The correlation between BBAI 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 | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.27 |
The correlation between BBAI and APP shifts across timeframes, from 0.27 (all time) to 0.38 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BBAI:
$19.02B
APP:
$168.27B
BBAI:
-$0.13
APP:
$11.64
BBAI:
71.71
APP:
27.44
BBAI:
24.06
APP:
71.20
BBAI:
$127.35M
APP:
$6.16B
BBAI:
$32.81M
APP:
$5.45B
BBAI:
-$230.18M
APP:
$4.87B
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Return for Risk
BBAI vs. APP — Risk / Return Rank
BBAI
APP
BBAI vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) 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.
| BBAI | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.61 | -0.54 |
| Martin ratioReturn relative to average drawdown | 0.13 | 1.22 | -1.10 |
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Drawdowns
BBAI vs. APP - Drawdown Comparison
The maximum BBAI drawdown since its inception was -95.01%, roughly equal to the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for BBAI and APP.
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Drawdown Indicators
| BBAI | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.01% | -91.90% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -65.88% | -49.99% | -15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -75.56% | -57.00% | -18.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.90% | — |
Current DrawdownCurrent decline from peak | -68.32% | -32.28% | -36.04% |
Average DrawdownAverage peak-to-trough decline | -70.80% | -42.52% | -28.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.29% | 25.10% | +14.19% |
Volatility
BBAI vs. APP - Volatility Comparison
BigBear.ai Holdings, Inc. (BBAI) has a higher volatility of 25.86% compared to AppLovin Corporation (APP) at 20.54%. This indicates that BBAI'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
| BBAI | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.86% | 20.54% | +5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 56.70% | 58.87% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.19% | 71.03% | +26.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 174.65% | 77.84% | +96.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.65% | 77.53% | +97.12% |
Dividends
BBAI vs. APP - Dividend Comparison
Neither BBAI nor APP has paid dividends to shareholders.
Financials
BBAI vs. APP - Financials Comparison
This section allows you to compare key financial metrics between BigBear.ai Holdings, 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
Frequently Asked Questions
BBAI 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.
BBAI has higher volatility (25.86%) compared to APP (20.54%). In terms of maximum drawdown, BBAI dropped -95.01% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.43 vs 0.05), 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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