OWL vs. APO
OWL (Blue Owl Capital Inc.) and APO (Apollo Global Management, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, OWL returned -2.16%/yr vs 18.75%/yr for APO. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
OWL vs. APO - Performance Comparison
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Returns By Period
In the year-to-date period, OWL achieves a -28.04% return, which is significantly lower than APO's -12.52% return.
OWL
- 1D
- 1.38%
- 1M
- 13.94%
- 6M
- -21.18%
- YTD
- -28.04%
- 1Y
- -41.43%
- 3Y*
- -0.97%
- 5Y*
- -2.16%
- 10Y*
- —
- ALL TIME*
- 3.12%
APO
- 1D
- 4.44%
- 1M
- 5.88%
- 6M
- -5.88%
- YTD
- -12.52%
- 1Y
- -7.73%
- 3Y*
- 17.12%
- 5Y*
- 18.75%
- 10Y*
- 27.17%
- ALL TIME*
- 20.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $435.36M | $496.01M | $510.65M | |
| $179.46M | $164.25M | $219.48M |
OWL vs. APO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OWL Blue Owl Capital Inc. | -28.04% | -32.83% | 61.76% | 47.40% | -26.29% | 32.18% | 5.86% |
APO Apollo Global Management, Inc. | -12.52% | -11.12% | 79.87% | 49.44% | -9.59% | 53.25% | 2.25% |
Correlation
The correlation between OWL and APO is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.61 |
The correlation between OWL and APO has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
Fundamentals
OWL:
$16.10B
APO:
$72.40B
OWL:
$0.19
APO:
$3.56
OWL:
53.57
APO:
35.26
OWL:
0.19
APO:
0.09
OWL:
2.33
APO:
2.55
OWL:
3.55
APO:
4.03
OWL:
$2.99B
APO:
$29.68B
OWL:
$1.83B
APO:
$26.52B
OWL:
$861.39M
APO:
$9.28B
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Return for Risk
OWL vs. APO — Risk / Return Rank
OWL
APO
OWL vs. APO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Inc. (OWL) 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.
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.
| OWL | APO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.97 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.36 | -0.39 |
| Martin ratioReturn relative to average drawdown | -1.16 | -0.76 | -0.40 |
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Drawdowns
OWL vs. APO - Drawdown Comparison
The maximum OWL drawdown since its inception was -67.10%, which is greater than APO's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for OWL and APO.
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Drawdown Indicators
| OWL | APO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.10% | -56.99% | -10.11% |
Max Drawdown (1Y)Largest decline over 1 year | -57.61% | -34.05% | -23.56% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -42.82% | -24.28% |
Max Drawdown (5Y)Largest decline over 5 years | -67.10% | -42.82% | -24.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.48% | — |
Current DrawdownCurrent decline from peak | -57.86% | -28.10% | -29.76% |
Average DrawdownAverage peak-to-trough decline | -25.02% | -16.50% | -8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.12% | 16.05% | +21.07% |
Volatility
OWL vs. APO - Volatility Comparison
Blue Owl Capital Inc. (OWL) has a higher volatility of 11.24% compared to Apollo Global Management, Inc. (APO) at 9.03%. This indicates that OWL'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.
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Volatility by Period
| OWL | APO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 9.03% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 35.60% | 28.28% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.91% | 36.03% | +8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.11% | 37.31% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.72% | 37.93% | +4.79% |
Dividends
OWL vs. APO - Dividend Comparison
OWL's dividend yield for the trailing twelve months is around 8.79%, more than APO's 1.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APO Apollo Global Management, Inc. | 1.67% | 1.38% | 1.10% | 1.81% | 2.51% | 2.90% | 4.72% | 4.23% | 7.86% | 5.53% | 6.46% | 12.91% |
OWL Blue Owl Capital Inc. | 8.79% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OWL vs. APO - Financials Comparison
This section allows you to compare key financial metrics between Blue Owl Capital Inc. and Apollo Global Management, Inc.. 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
OWL vs. APO - Profitability Comparison
OWL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Blue Owl Capital Inc. reported a gross profit of 308.17M and revenue of 753.05M. Therefore, the gross margin over that period was 40.9%.
APO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Apollo Global Management, Inc. reported a gross profit of 4.93B and revenue of 4.93B. Therefore, the gross margin over that period was 100.0%.
OWL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Blue Owl Capital Inc. reported an operating income of 116.41M and revenue of 753.05M, resulting in an operating margin of 15.5%.
APO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Apollo Global Management, Inc. reported an operating income of 330.00M and revenue of 4.93B, resulting in an operating margin of 6.7%.
OWL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Blue Owl Capital Inc. reported a net income of 60.66M and revenue of 753.05M, resulting in a net margin of 8.1%.
APO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Apollo Global Management, Inc. reported a net income of -1.91B and revenue of 4.93B, resulting in a net margin of -38.7%.
Frequently Asked Questions
OWL and APO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OWL has higher volatility (11.24%) compared to APO (9.03%). In terms of maximum drawdown, OWL dropped -67.10% vs APO's -56.99%.
APO currently has the higher Sharpe Ratio (-0.34 vs -0.96), 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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