LBRDA vs. APO

Last updated Jun 4, 2026

LBRDA (Liberty Broadband Corporation) and APO (Apollo Global Management, Inc.) are both stocks. LBRDA operates in Telecom Services (Communication Services), while APO operates in Asset Management (Financial Services). Over the past 10 years, LBRDA returned -5.39%/yr vs 27.60%/yr for APO. At a 0.32 correlation, their price movements are largely independent.

Performance

LBRDA vs. APO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty Broadband Corporation (LBRDA) and Apollo Global Management, Inc. (APO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LBRDA achieves a -37.68% return, which is significantly lower than APO's -13.38% return. Over the past 10 years, LBRDA has underperformed APO with an annualized return of -5.39%, while APO has yielded a comparatively higher 27.60% annualized return.

LBRDA

• 1D: -8.26%
• 1M: -21.99%
• YTD: -37.68%
• 6M: -34.77%
• 1Y: -62.91%
• 3Y*: -22.78%
• 5Y*: -26.37%
• 10Y*: -5.39%

APO

• 1D: -3.42%
• 1M: -3.34%
• YTD: -13.38%
• 6M: -6.78%
• 1Y: -3.63%
• 3Y*: 23.22%
• 5Y*: 19.10%
• 10Y*: 27.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LBRDA vs. APO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBRDA Liberty Broadband Corporation	-37.68%	-26.05%	-7.79%	6.32%	-52.86%	2.11%	26.51%	73.46%	-15.57%	17.38%
APO Apollo Global Management, Inc.	-13.38%	-11.12%	79.87%	49.44%	-9.59%	53.25%	8.00%	106.46%	-22.03%	85.29%

Correlation

The correlation between LBRDA and APO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Nov 5, 2014	0.32

Fundamentals

EPS LBRDA : -$25.45 APO : $3.58
PS Ratio LBRDA : 12.38 APO : 2.51
Total Revenue (TTM) LBRDA : $261.00M APO : $29.68B
Gross Profit (TTM) LBRDA : $203.00M APO : $26.52B
EBITDA (TTM) LBRDA : -$3.70B APO : $9.28B

Return for Risk

LBRDA vs. APO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LBRDA

LBRDA Risk / Return Rank: 3
LBRDA Sharpe Ratio Rank: 1
LBRDA Sortino Ratio Rank: 2
LBRDA Omega Ratio Rank: 2
LBRDA Calmar Ratio Rank: 4
LBRDA Martin Ratio Rank: 5

APO

APO Risk / Return Rank: 35
APO Sharpe Ratio Rank: 37
APO Sortino Ratio Rank: 32
APO Omega Ratio Rank: 32
APO Calmar Ratio Rank: 37
APO Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LBRDA vs. APO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty Broadband Corporation (LBRDA) and Apollo Global Management, Inc. (APO). 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.

	LBRDA	APO	Difference
Sharpe ratio: Return per unit of total volatility	-1.29	-0.10	-1.19
Sortino ratio: Return per unit of downside risk	-2.02	0.10	-2.11
Omega ratio: Gain probability vs. loss probability	0.70	1.01	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.10	-0.84
Martin ratio: Return relative to average drawdown	-1.54	-0.22	-1.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LBRDA vs. APO - Sharpe Ratio Comparison

The current LBRDA Sharpe Ratio is -1.29, which is lower than the APO Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of LBRDA and APO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LBRDA	APO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.29	-0.10	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.65	0.52	-1.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	0.73	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.58	-0.66

Drawdowns

LBRDA vs. APO - Drawdown Comparison

The maximum LBRDA drawdown since its inception was -81.68%, which is greater than APO's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for LBRDA and APO.

Drawdown Indicators

	LBRDA	APO	Difference
Max Drawdown Largest peak-to-trough decline	-81.68%	-56.99%	-24.69%
Max Drawdown (1Y) Largest decline over 1 year	-66.69%	-34.97%	-31.72%
Max Drawdown (3Y) Largest decline over 3 years	-66.69%	-42.82%	-23.87%
Max Drawdown (5Y) Largest decline over 5 years	-81.68%	-42.82%	-38.86%
Max Drawdown (10Y) Largest decline over 10 years	-81.68%	-53.48%	-28.20%
Current Drawdown Current decline from peak	-81.68%	-28.81%	-52.87%
Average Drawdown Average peak-to-trough decline	-26.64%	-16.36%	-10.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.86%	16.52%	+24.34%

Volatility

LBRDA vs. APO - Volatility Comparison

Liberty Broadband Corporation (LBRDA) has a higher volatility of 14.09% compared to Apollo Global Management, Inc. (APO) at 8.08%. This indicates that LBRDA's price experiences larger fluctuations and is considered to be riskier than APO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBRDA	APO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.09%	8.08%	+6.01%
Volatility (6M) Calculated over the trailing 6-month period	42.26%	27.08%	+15.18%
Volatility (1Y) Calculated over the trailing 1-year period	48.88%	35.14%	+13.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.79%	37.05%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.87%	37.81%	-2.94%

Dividends

LBRDA vs. APO - Dividend Comparison

LBRDA's dividend yield for the trailing twelve months is around 20.28%, more than APO's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APO Apollo Global Management, Inc.	1.68%	1.38%	1.10%	1.81%	2.51%	2.90%	4.72%	4.23%	7.86%	5.53%	6.46%	12.91%
LBRDA Liberty Broadband Corporation	20.28%	12.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both LBRDA and APO in my portfolio?

LBRDA and APO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBRDA or APO?

LBRDA has higher volatility (14.09%) compared to APO (8.08%). In terms of maximum drawdown, LBRDA dropped -81.68% vs APO's -56.99%.

Which has better risk-adjusted returns?

APO currently has the higher Sharpe Ratio (-0.10 vs -1.29), 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.