META vs. APP
META (Meta Platforms, Inc.) and APP (AppLovin Corporation) are both stocks. Both are in the Communication Services sector — META in Internet Content & Information, APP in Advertising Agencies. Over the past 5 years, META returned 9.53%/yr vs 45.14%/yr for APP. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
META vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, META achieves a -15.51% return, which is significantly higher than APP's -41.25% return.
META
- 1D
- 3.28%
- 1M
- -9.17%
- 6M
- -22.16%
- YTD
- -15.51%
- 1Y
- -27.79%
- 3Y*
- 20.28%
- 5Y*
- 9.53%
- 10Y*
- 16.39%
- ALL TIME*
- 20.02%
APP
- 1D
- -1.97%
- 1M
- -29.88%
- 6M
- -16.32%
- YTD
- -41.25%
- 1Y
- 1.33%
- 3Y*
- 132.67%
- 5Y*
- 45.14%
- 10Y*
- —
- ALL TIME*
- 38.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.74B | $2.73B | $2.75B | |
| $9.87B | $11.79B | $10.93B |
META vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
META Meta Platforms, Inc. | -15.51% | 13.09% | 66.05% | 194.13% | -64.22% | 11.07% |
APP AppLovin Corporation | -41.25% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between META and APP is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.48 |
The correlation between META and APP shifts across timeframes, from 0.34 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
META:
$1.42T
APP:
$133.00B
META:
$26.51
APP:
$11.66
META:
21.00
APP:
33.95
META:
0.86
APP:
0.10
META:
6.27
APP:
21.83
META:
5.47
APP:
56.74
META:
$228.25B
APP:
$6.16B
META:
$186.59B
APP:
$5.45B
META:
$107.07B
APP:
$4.87B
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Return for Risk
META vs. APP — Risk / Return Rank
META
APP
META vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meta Platforms, Inc. (META) 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.
| META | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.07 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.03 | -0.86 |
| Martin ratioReturn relative to average drawdown | -1.52 | 0.05 | -1.57 |
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Drawdowns
META vs. APP - Drawdown Comparison
The maximum META drawdown since its inception was -76.74%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for META and APP.
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Drawdown Indicators
| META | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -91.90% | +15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -33.30% | -49.99% | +16.69% |
Max Drawdown (3Y)Largest decline over 3 years | -34.15% | -57.00% | +22.85% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -91.90% | +15.16% |
Max Drawdown (10Y)Largest decline over 10 years | -76.74% | — | — |
Current DrawdownCurrent decline from peak | -29.30% | -46.03% | +16.73% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -42.38% | +26.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.25% | 28.35% | -10.10% |
Volatility
META vs. APP - Volatility Comparison
The current volatility for Meta Platforms, Inc. (META) is 15.37%, while AppLovin Corporation (APP) has a volatility of 17.94%. This indicates that META 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
| META | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 17.94% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 30.29% | 60.50% | -30.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.78% | 73.25% | -33.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.68% | 78.11% | -33.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.10% | 77.32% | -38.22% |
Dividends
META vs. APP - Dividend Comparison
META's dividend yield for the trailing twelve months is around 0.38%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.38% | 0.32% | 0.34% |
Financials
META vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Meta Platforms, 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
META vs. APP - Profitability Comparison
META - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Meta Platforms, Inc. reported a gross profit of 49.47B and revenue of 60.80B. Therefore, the gross margin over that period was 81.4%.
APP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
META - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Meta Platforms, Inc. reported an operating income of 18.78B and revenue of 60.80B, resulting in an operating margin of 30.9%.
APP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AppLovin Corporation reported an operating income of 1.44B and revenue of 1.84B, resulting in an operating margin of 78.2%.
META - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Meta Platforms, Inc. reported a net income of 15.85B and revenue of 60.80B, resulting in a net margin of 26.1%.
APP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
META and APP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (17.94%) compared to META (15.37%). In terms of maximum drawdown, META dropped -76.74% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.02 vs -0.73), 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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