PLTU vs. APP
PLTU (Direxion Daily PLTR Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while APP (AppLovin Corporation) is a stock. Over the past year, PLTU returned -52.46% vs 39.24% for APP. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
PLTU vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, PLTU achieves a -65.11% return, which is significantly lower than APP's -30.69% return.
PLTU
- 1D
- -5.56%
- 1M
- -30.96%
- YTD
- -65.11%
- 6M
- -70.86%
- 1Y
- -52.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APP
- 1D
- -0.50%
- 1M
- -3.04%
- YTD
- -30.69%
- 6M
- -35.89%
- 1Y
- 39.24%
- 3Y*
- 171.29%
- 5Y*
- 40.77%
- 10Y*
- —
PLTU vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTU Direxion Daily PLTR Bull 2X Shares | -65.11% | 223.17% | 14.77% |
APP AppLovin Corporation | -30.69% | 108.08% | 0.86% |
Correlation
The correlation between PLTU and APP is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.55 |
The correlation between PLTU and APP has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
PLTU vs. APP — Risk / Return Rank
PLTU
APP
PLTU vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) 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.
| PLTU | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.15 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 0.79 | -1.48 |
| Martin ratioReturn relative to average drawdown | -1.24 | 1.54 | -2.78 |
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Drawdowns
PLTU vs. APP - Drawdown Comparison
The maximum PLTU drawdown since its inception was -75.74%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for PLTU and APP.
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Drawdown Indicators
| PLTU | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.74% | -91.90% | +16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -75.74% | -49.99% | -25.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.90% | — |
Current DrawdownCurrent decline from peak | -75.74% | -36.34% | -39.40% |
Average DrawdownAverage peak-to-trough decline | -33.07% | -42.48% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.43% | 25.48% | +16.95% |
Volatility
PLTU vs. APP - Volatility Comparison
Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 38.01% compared to AppLovin Corporation (APP) at 20.85%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier 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
| PLTU | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.01% | 20.85% | +17.16% |
Volatility (6M)Calculated over the trailing 6-month period | 77.85% | 58.78% | +19.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.74% | 70.97% | +31.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 126.48% | 77.90% | +48.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.48% | 77.45% | +49.03% |
Dividends
PLTU vs. APP - Dividend Comparison
PLTU's dividend yield for the trailing twelve months is around 68.15%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% |
PLTU Direxion Daily PLTR Bull 2X Shares | 68.15% | 23.29% | 0.12% |
Frequently Asked Questions
PLTU and APP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTU has higher volatility (38.01%) compared to APP (20.85%). In terms of maximum drawdown, PLTU dropped -75.74% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.56 vs -0.51), 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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