PSIX vs. APP
PSIX (Power Solutions International, Inc.) and APP (AppLovin Corporation) are both stocks. PSIX operates in Specialty Industrial Machinery (Industrials), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, PSIX returned 50.88%/yr vs 40.77%/yr for APP. At a 0.10 correlation, their price movements are largely independent.
Performance
PSIX vs. APP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PSIX having a -31.59% return and APP slightly higher at -30.69%.
PSIX
- 1D
- -0.05%
- 1M
- 0.57%
- YTD
- -31.59%
- 6M
- -41.69%
- 1Y
- -35.77%
- 3Y*
- 150.06%
- 5Y*
- 50.88%
- 10Y*
- 8.29%
APP
- 1D
- -0.50%
- 1M
- -3.04%
- YTD
- -30.69%
- 6M
- -35.89%
- 1Y
- 39.24%
- 3Y*
- 171.29%
- 5Y*
- 40.77%
- 10Y*
- —
PSIX vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSIX Power Solutions International, Inc. | -31.59% | 92.07% | 1,351.22% | -31.67% | 0.00% | -57.14% |
APP AppLovin Corporation | -30.69% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between PSIX and APP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.10 |
Fundamentals
PSIX:
$901.53M
APP:
$158.19B
PSIX:
$4.43
APP:
$11.64
PSIX:
8.82
APP:
40.12
PSIX:
0.09
APP:
0.12
PSIX:
1.54
APP:
25.79
PSIX:
4.85
APP:
66.93
PSIX:
$586.96M
APP:
$6.16B
PSIX:
$172.81M
APP:
$5.45B
PSIX:
$102.78M
APP:
$4.87B
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Return for Risk
PSIX vs. APP — Risk / Return Rank
PSIX
APP
PSIX vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Solutions International, Inc. (PSIX) 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.
| PSIX | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.15 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.79 | -1.31 |
| Martin ratioReturn relative to average drawdown | -0.93 | 1.54 | -2.48 |
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Drawdowns
PSIX vs. APP - Drawdown Comparison
The maximum PSIX drawdown since its inception was -98.55%, which is greater than APP's maximum drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for PSIX and APP.
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Drawdown Indicators
| PSIX | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.55% | -91.90% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -68.60% | -49.99% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -68.60% | -57.00% | -11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -84.38% | -91.90% | +7.52% |
Max Drawdown (10Y)Largest decline over 10 years | -93.77% | — | — |
Current DrawdownCurrent decline from peak | -66.24% | -36.34% | -29.90% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -42.48% | -25.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.32% | 25.48% | +12.84% |
Volatility
PSIX vs. APP - Volatility Comparison
The current volatility for Power Solutions International, Inc. (PSIX) is 17.85%, while AppLovin Corporation (APP) has a volatility of 20.85%. This indicates that PSIX 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
| PSIX | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.85% | 20.85% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 89.13% | 58.78% | +30.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.18% | 70.97% | +31.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.11% | 77.90% | +35.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.98% | 77.45% | +28.53% |
Dividends
PSIX vs. APP - Dividend Comparison
Neither PSIX nor APP has paid dividends to shareholders.
Financials
PSIX vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Power Solutions International, 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
Frequently Asked Questions
PSIX and APP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.85%) compared to PSIX (17.85%). In terms of maximum drawdown, PSIX dropped -98.55% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.56 vs -0.35), 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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