PLTU vs. APP
PLTU (Direxion Daily PLTR Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while APP (AppLovin Corporation) is a stock. Over the past year, PLTU returned -45.63% vs 10.55% for APP. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
PLTU vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, PLTU achieves a -41.29% return, which is significantly lower than APP's -38.00% return.
PLTU
- 1D
- -5.09%
- 1M
- 31.95%
- 6M
- 0.05%
- YTD
- -41.29%
- 1Y
- -45.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 60.34%
APP
- 1D
- -0.45%
- 1M
- -23.17%
- 6M
- 7.86%
- YTD
- -38.00%
- 1Y
- 10.55%
- 3Y*
- 137.06%
- 5Y*
- 48.09%
- 10Y*
- —
- ALL TIME*
- 40.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.93B | $2.75B | $2.73B | |
| $128.32M | $105.18M | $113.60M |
PLTU vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTU Direxion Daily PLTR Bull 2X ETF | -41.29% | 223.17% | 14.77% |
APP AppLovin Corporation | -38.00% | 108.08% | 0.86% |
Correlation
The correlation between PLTU and APP is 0.52, 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. | 0.52 |
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 0.52 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 ETF (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 | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.09 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.21 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.93 | 0.37 | -1.30 |
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Drawdowns
PLTU vs. APP - Drawdown Comparison
The maximum PLTU drawdown since its inception was -79.43%, 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 | -79.43% | -91.90% | +12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -79.43% | -49.99% | -29.44% |
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 | -59.18% | -43.05% | -16.13% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -42.38% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.98% | 28.74% | +20.24% |
Volatility
PLTU vs. APP - Volatility Comparison
Direxion Daily PLTR Bull 2X ETF (PLTU) has a higher volatility of 53.82% compared to AppLovin Corporation (APP) at 17.51%. 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 | 53.82% | 17.51% | +36.31% |
Volatility (6M)Calculated over the trailing 6-month period | 92.81% | 57.60% | +35.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.30% | 72.81% | +46.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 132.75% | 78.15% | +54.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 132.75% | 77.25% | +55.50% |
Dividends
PLTU vs. APP - Dividend Comparison
PLTU's dividend yield for the trailing twelve months is around 40.61%, 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 ETF | 40.61% | 23.29% | 0.12% |
Frequently Asked Questions
PLTU and APP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTU has higher volatility (53.82%) compared to APP (17.51%). In terms of maximum drawdown, PLTU dropped -79.43% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.15 vs -0.39), 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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