DV vs. APPN
DV (DoubleVerify Holdings, Inc.) and APPN (Appian Corporation) are both stocks. Both are in the Technology sector — DV in Software - Application, APPN in Software - Infrastructure. Over the past 5 years, DV returned -24.29%/yr vs -31.47%/yr for APPN. At a 0.48 correlation, their price movements are largely independent.
Performance
DV vs. APPN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DV achieves a -8.74% return, which is significantly higher than APPN's -42.09% return.
DV
- 1D
- 2.65%
- 1M
- 6.21%
- YTD
- -8.74%
- 6M
- -7.20%
- 1Y
- -28.25%
- 3Y*
- -34.59%
- 5Y*
- -24.29%
- 10Y*
- —
APPN
- 1D
- 3.22%
- 1M
- -4.02%
- YTD
- -42.09%
- 6M
- -43.87%
- 1Y
- -26.98%
- 3Y*
- -24.31%
- 5Y*
- -31.47%
- 10Y*
- —
DV vs. APPN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DV DoubleVerify Holdings, Inc. | -8.74% | -40.45% | -47.77% | 67.49% | -34.01% | -4.91% |
APPN Appian Corporation | -42.09% | 7.40% | -12.43% | 15.66% | -50.07% | -45.80% |
Correlation
The correlation between DV and APPN is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | 0.48 |
Fundamentals
DV:
$1.71B
APPN:
$1.51B
DV:
$0.33
APPN:
$0.01
DV:
31.68
APPN:
1.72K
DV:
2.27
APPN:
1.99
DV:
$764.06M
APPN:
$762.69M
DV:
$628.36M
APPN:
$563.17M
DV:
$148.67M
APPN:
$32.83M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DV vs. APPN — Risk / Return Rank
DV
APPN
DV vs. APPN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleVerify Holdings, Inc. (DV) and Appian Corporation (APPN). 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.
| DV | APPN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.96 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.46 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.83 | -0.09 |
Loading charts...
Drawdowns
DV vs. APPN - Drawdown Comparison
The maximum DV drawdown since its inception was -81.70%, smaller than the maximum APPN drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for DV and APPN.
Loading charts...
Drawdown Indicators
| DV | APPN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -92.04% | +10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -47.08% | -58.98% | +11.90% |
Max Drawdown (3Y)Largest decline over 3 years | -79.74% | -64.03% | -15.71% |
Max Drawdown (5Y)Largest decline over 5 years | -81.70% | -87.45% | +5.75% |
Current DrawdownCurrent decline from peak | -77.82% | -91.28% | +13.46% |
Average DrawdownAverage peak-to-trough decline | -48.15% | -54.52% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.80% | 32.57% | -1.77% |
Volatility
DV vs. APPN - Volatility Comparison
The current volatility for DoubleVerify Holdings, Inc. (DV) is 12.30%, while Appian Corporation (APPN) has a volatility of 24.41%. This indicates that DV experiences smaller price fluctuations and is considered to be less risky than APPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DV | APPN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.30% | 24.41% | -12.11% |
Volatility (6M)Calculated over the trailing 6-month period | 32.34% | 41.87% | -9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.65% | 60.42% | -16.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.26% | 61.28% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.04% | 65.99% | -12.95% |
Dividends
DV vs. APPN - Dividend Comparison
Neither DV nor APPN has paid dividends to shareholders.
Financials
DV vs. APPN - Financials Comparison
This section allows you to compare key financial metrics between DoubleVerify Holdings, Inc. and Appian 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
DV vs. APPN - Profitability Comparison
DV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DoubleVerify Holdings, Inc. reported a gross profit of 147.67M and revenue of 180.83M. Therefore, the gross margin over that period was 81.7%.
APPN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Appian Corporation reported a gross profit of 147.77M and revenue of 202.18M. Therefore, the gross margin over that period was 73.1%.
DV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DoubleVerify Holdings, Inc. reported an operating income of 15.64M and revenue of 180.83M, resulting in an operating margin of 8.7%.
APPN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Appian Corporation reported an operating income of 3.16M and revenue of 202.18M, resulting in an operating margin of 1.6%.
DV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DoubleVerify Holdings, Inc. reported a net income of 6.41M and revenue of 180.83M, resulting in a net margin of 3.5%.
APPN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Appian Corporation reported a net income of -1.53M and revenue of 202.18M, resulting in a net margin of -0.8%.
Frequently Asked Questions
DV and APPN have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APPN has higher volatility (24.41%) compared to DV (12.30%). In terms of maximum drawdown, DV dropped -81.70% vs APPN's -92.04%.
APPN currently has the higher Sharpe Ratio (-0.45 vs -0.65), 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.
Find the right allocation for DV and APPN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer