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 -21.46% vs 43.24% 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 -46.71% return, which is significantly lower than APP's -15.28% return.
PLTU
- 1D
- -13.03%
- 1M
- -9.11%
- YTD
- -46.71%
- 6M
- -46.12%
- 1Y
- -21.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APP
- 1D
- -5.75%
- 1M
- 20.17%
- YTD
- -15.28%
- 6M
- -13.80%
- 1Y
- 43.24%
- 3Y*
- 184.42%
- 5Y*
- 50.33%
- 10Y*
- —
PLTU vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTU Direxion Daily PLTR Bull 2X Shares | -46.71% | 223.17% | 6.41% |
APP AppLovin Corporation | -15.28% | 108.08% | -4.25% |
Correlation
The correlation between PLTU and APP is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.55 |
The correlation between PLTU and APP has been stable across timeframes, ranging from 0.50 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.
| PLTU | APP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.21 | 0.61 | -0.82 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.20 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.87 | -1.19 |
Martin ratioReturn relative to average drawdown | -0.54 | 1.72 | -2.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTU | APP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 0.61 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.68 | -0.28 |
Drawdowns
PLTU vs. APP - Drawdown Comparison
The maximum PLTU drawdown since its inception was -69.14%, 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 | -69.14% | -91.90% | +22.76% |
Max Drawdown (1Y)Largest decline over 1 year | -68.10% | -49.99% | -18.11% |
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 | -62.95% | -22.19% | -40.76% |
Average DrawdownAverage peak-to-trough decline | -31.90% | -42.51% | +10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.45% | 25.17% | +14.28% |
Volatility
PLTU vs. APP - Volatility Comparison
Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 36.67% compared to AppLovin Corporation (APP) at 21.08%. 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 | 36.67% | 21.08% | +15.59% |
Volatility (6M)Calculated over the trailing 6-month period | 77.36% | 58.50% | +18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.08% | 70.82% | +32.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.24% | 77.78% | +49.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.24% | 77.55% | +49.69% |
Dividends
PLTU vs. APP - Dividend Comparison
PLTU's dividend yield for the trailing twelve months is around 44.62%, 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 | 44.62% | 23.29% | 0.12% |
Frequently Asked Questions
PLTU and APP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTU has higher volatility (36.67%) compared to APP (21.08%). In terms of maximum drawdown, PLTU dropped -69.14% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.61 vs -0.21), 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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