CNM vs. APP
CNM (Core & Main, Inc.) and APP (AppLovin Corporation) are both stocks. CNM operates in Industrial Distribution (Industrials), while APP operates in Advertising Agencies (Communication Services). Over the past 3 years, CNM returned 18.71%/yr vs 180.45%/yr for APP. At a 0.33 correlation, their price movements are largely independent.
Performance
CNM vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, CNM achieves a -7.00% return, which is significantly higher than APP's -26.28% return.
CNM
- 1D
- -3.46%
- 1M
- 2.01%
- YTD
- -7.00%
- 6M
- -13.83%
- 1Y
- -14.79%
- 3Y*
- 18.71%
- 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*
- —
CNM vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNM Core & Main, Inc. | -7.00% | 2.08% | 25.98% | 109.27% | -36.35% | 51.70% |
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 57.55% |
Correlation
The correlation between CNM and APP is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2021 | 0.33 |
Over the past year, the correlation between CNM and APP has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
CNM:
$3.02
APP:
$11.64
CNM:
15.99
APP:
42.68
CNM:
0.26
APP:
0.13
CNM:
0.94
APP:
27.44
CNM:
$7.65B
APP:
$6.16B
CNM:
$2.07B
APP:
$5.45B
CNM:
$909.00M
APP:
$4.87B
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Return for Risk
CNM vs. APP — Risk / Return Rank
CNM
APP
CNM vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core & Main, Inc. (CNM) 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.
| CNM | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.13 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 0.61 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.72 | 1.22 | -1.95 |
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Drawdowns
CNM vs. APP - Drawdown Comparison
The maximum CNM drawdown since its inception was -40.00%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for CNM and APP.
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Drawdown Indicators
| CNM | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -91.90% | +51.90% |
Max Drawdown (1Y)Largest decline over 1 year | -33.88% | -49.99% | +16.11% |
Max Drawdown (3Y)Largest decline over 3 years | -38.74% | -57.00% | +18.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.90% | — |
Current DrawdownCurrent decline from peak | -27.84% | -32.28% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -17.17% | -42.52% | +25.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.45% | 25.10% | -4.65% |
Volatility
CNM vs. APP - Volatility Comparison
The current volatility for Core & Main, Inc. (CNM) is 11.38%, while AppLovin Corporation (APP) has a volatility of 20.54%. This indicates that CNM 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.
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Volatility by Period
| CNM | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.38% | 20.54% | -9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 23.48% | 58.87% | -35.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.77% | 71.03% | -31.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.72% | 77.84% | -37.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.72% | 77.53% | -36.81% |
Dividends
CNM vs. APP - Dividend Comparison
Neither CNM nor APP has paid dividends to shareholders.
Financials
CNM vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Core & Main, 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
CNM vs. APP - Profitability Comparison
CNM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported a gross profit of 520.00M and revenue of 1.91B. Therefore, the gross margin over that period was 27.2%.
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%.
CNM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported an operating income of 177.00M and revenue of 1.91B, resulting in an operating margin of 9.3%.
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%.
CNM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Core & Main, Inc. reported a net income of 108.00M and revenue of 1.91B, resulting in a net margin of 5.7%.
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
CNM and APP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.54%) compared to CNM (11.38%). In terms of maximum drawdown, CNM dropped -40.00% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.43 vs -0.37), 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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