CSL vs. APP
CSL (Carlisle Companies Incorporated) and APP (AppLovin Corporation) are both stocks. CSL operates in Building Products & Equipment (Industrials), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, CSL returned 14.79%/yr vs 43.43%/yr for APP. At a 0.22 correlation, their price movements are largely independent.
Performance
CSL vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, CSL achieves a 11.20% return, which is significantly higher than APP's -22.70% return.
CSL
- 1D
- 2.84%
- 1M
- 7.23%
- YTD
- 11.20%
- 6M
- 7.19%
- 1Y
- 0.29%
- 3Y*
- 15.11%
- 5Y*
- 14.79%
- 10Y*
- 14.74%
APP
- 1D
- 4.85%
- 1M
- 3.96%
- YTD
- -22.70%
- 6M
- -22.85%
- 1Y
- 42.90%
- 3Y*
- 179.05%
- 5Y*
- 43.43%
- 10Y*
- —
CSL vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSL Carlisle Companies Incorporated | 11.20% | -12.26% | 19.14% | 34.26% | -4.08% | 44.86% |
APP AppLovin Corporation | -22.70% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between CSL and APP is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.22 |
The correlation between CSL and APP shifts across timeframes, from -0.00 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CSL:
$14.53B
APP:
$176.43B
CSL:
$17.08
APP:
$11.64
CSL:
20.70
APP:
44.75
CSL:
0.54
APP:
0.13
CSL:
3.02
APP:
28.77
CSL:
8.79
APP:
74.65
CSL:
$4.98B
APP:
$6.16B
CSL:
$1.41B
APP:
$5.45B
CSL:
$1.17B
APP:
$4.87B
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Return for Risk
CSL vs. APP — Risk / Return Rank
CSL
APP
CSL vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlisle Companies Incorporated (CSL) 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.
| CSL | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 0.86 | -0.85 |
| Martin ratioReturn relative to average drawdown | 0.02 | 1.71 | -1.70 |
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Drawdowns
CSL vs. APP - Drawdown Comparison
The maximum CSL drawdown since its inception was -64.56%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for CSL and APP.
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Drawdown Indicators
| CSL | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.56% | -91.90% | +27.34% |
Max Drawdown (1Y)Largest decline over 1 year | -31.67% | -49.99% | +18.32% |
Max Drawdown (3Y)Largest decline over 3 years | -37.72% | -57.00% | +19.28% |
Max Drawdown (5Y)Largest decline over 5 years | -37.72% | -91.90% | +54.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | — | — |
Current DrawdownCurrent decline from peak | -25.01% | -29.00% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -12.32% | -42.51% | +30.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.93% | 25.09% | -6.16% |
Volatility
CSL vs. APP - Volatility Comparison
The current volatility for Carlisle Companies Incorporated (CSL) is 11.22%, while AppLovin Corporation (APP) has a volatility of 19.98%. This indicates that CSL 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
| CSL | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 19.98% | -8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 59.05% | -34.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.29% | 71.18% | -34.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.85% | 77.90% | -47.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.70% | 77.53% | -47.83% |
Dividends
CSL vs. APP - Dividend Comparison
CSL's dividend yield for the trailing twelve months is around 1.24%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSL Carlisle Companies Incorporated | 1.24% | 1.31% | 1.00% | 1.02% | 1.09% | 0.86% | 1.31% | 1.11% | 1.53% | 1.27% | 1.18% | 1.24% |
Financials
CSL vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Carlisle Companies Incorporated 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
CSL vs. APP - Profitability Comparison
CSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carlisle Companies Incorporated reported a gross profit of 0.00 and revenue of 1.05B. Therefore, the gross margin over that period was 0.0%.
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%.
CSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carlisle Companies Incorporated reported an operating income of 180.30M and revenue of 1.05B, resulting in an operating margin of 17.1%.
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%.
CSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carlisle Companies Incorporated reported a net income of 127.70M and revenue of 1.05B, resulting in a net margin of 12.1%.
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
CSL and APP have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (19.98%) compared to CSL (11.22%). In terms of maximum drawdown, CSL dropped -64.56% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.61 vs 0.01), 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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