CLS vs. APP
CLS (Celestica Inc.) and APP (AppLovin Corporation) are both stocks. CLS operates in Electronic Components (Technology), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, CLS returned 115.66%/yr vs 46.89%/yr for APP. At a 0.39 correlation, their price movements are largely independent.
Performance
CLS vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, CLS achieves a 14.88% return, which is significantly higher than APP's -36.38% return.
CLS
- 1D
- 10.49%
- 1M
- -8.85%
- 6M
- 9.28%
- YTD
- 14.88%
- 1Y
- 108.31%
- 3Y*
- 176.53%
- 5Y*
- 115.66%
- 10Y*
- 41.11%
- ALL TIME*
- 13.69%
APP
- 1D
- 0.96%
- 1M
- -8.73%
- 6M
- -24.20%
- YTD
- -36.38%
- 1Y
- 17.07%
- 3Y*
- 148.02%
- 5Y*
- 46.89%
- 10Y*
- —
- ALL TIME*
- 41.09%
CLS vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLS Celestica Inc. | 14.88% | 220.27% | 215.23% | 159.80% | 1.26% | 32.50% |
APP AppLovin Corporation | -36.38% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between CLS and APP is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.39 |
Fundamentals
CLS:
$39.04B
APP:
$144.01B
CLS:
$8.29
APP:
$11.66
CLS:
40.99
APP:
36.76
CLS:
0.55
APP:
0.11
CLS:
2.85
APP:
23.64
CLS:
18.73
APP:
61.44
CLS:
$13.81B
APP:
$6.16B
CLS:
$1.60B
APP:
$5.45B
CLS:
$1.32B
APP:
$4.87B
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Return for Risk
CLS vs. APP — Risk / Return Rank
CLS
APP
CLS vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS) 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.
| CLS | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.34 | +2.66 |
| Martin ratioReturn relative to average drawdown | 7.48 | 0.63 | +6.85 |
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Drawdowns
CLS vs. APP - Drawdown Comparison
The maximum CLS drawdown since its inception was -96.93%, which is greater than APP's maximum drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for CLS and APP.
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Drawdown Indicators
| CLS | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.93% | -91.90% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -49.99% | +13.78% |
Max Drawdown (3Y)Largest decline over 3 years | -53.96% | -57.00% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -53.96% | -91.90% | +37.94% |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | — | — |
Current DrawdownCurrent decline from peak | -28.11% | -41.56% | +13.45% |
Average DrawdownAverage peak-to-trough decline | -73.15% | -42.36% | -30.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.53% | 27.19% | -12.66% |
Volatility
CLS vs. APP - Volatility Comparison
Celestica Inc. (CLS) and AppLovin Corporation (APP) have volatilities of 22.09% and 21.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLS | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.09% | 21.89% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 55.67% | 60.42% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.08% | 72.97% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.42% | 78.12% | -19.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.36% | 77.45% | -27.09% |
Dividends
CLS vs. APP - Dividend Comparison
Neither CLS nor APP has paid dividends to shareholders.
Financials
CLS vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Celestica 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
CLS vs. APP - Profitability Comparison
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
APP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
APP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, AppLovin Corporation reported an operating income of 1.44B and revenue of 1.84B, resulting in an operating margin of 78.2%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
APP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
CLS and APP have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (22.09%) compared to APP (21.89%). In terms of maximum drawdown, CLS dropped -96.93% vs APP's -91.90%.
CLS currently has the higher Sharpe Ratio (1.45 vs 0.23), 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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