T vs. APP
T (AT&T Inc.) and APP (AppLovin Corporation) are both stocks. Both are in the Communication Services sector — T in Telecom Services, APP in Advertising Agencies. Over the past 5 years, T returned 7.38%/yr vs 43.23%/yr for APP. At a 0.07 correlation, their price movements are largely independent.
Performance
T vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, T achieves a -2.96% return, which is significantly higher than APP's -26.28% return.
T
- 1D
- 2.52%
- 1M
- -1.87%
- YTD
- -2.96%
- 6M
- -1.93%
- 1Y
- -12.71%
- 3Y*
- 20.58%
- 5Y*
- 7.38%
- 10Y*
- 3.33%
APP
- 1D
- 3.80%
- 1M
- -0.84%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 36.29%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
T vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
T AT&T Inc. | -2.96% | 13.97% | 44.08% | -2.74% | 5.76% | -14.11% |
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between T and APP is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.07 |
The correlation between T and APP shifts across timeframes, from -0.12 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
T:
$3.04
APP:
$11.64
T:
7.74
APP:
42.68
T:
0.32
APP:
0.13
T:
1.35
APP:
27.44
T:
$125.65B
APP:
$6.16B
T:
$105.41B
APP:
$5.45B
T:
$54.70B
APP:
$4.87B
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Return for Risk
T vs. APP — Risk / Return Rank
T
APP
T vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) 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.
| T | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.13 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.61 | -1.21 |
| Martin ratioReturn relative to average drawdown | -1.22 | 1.22 | -2.44 |
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Drawdowns
T vs. APP - Drawdown Comparison
The maximum T drawdown since its inception was -64.15%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for T and APP.
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Drawdown Indicators
| T | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.15% | -91.90% | +27.75% |
Max Drawdown (1Y)Largest decline over 1 year | -21.87% | -49.99% | +28.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.87% | -57.00% | +35.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -91.90% | +59.89% |
Max Drawdown (10Y)Largest decline over 10 years | -42.35% | — | — |
Current DrawdownCurrent decline from peak | -18.12% | -32.28% | +14.16% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -42.52% | +26.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 25.10% | -14.46% |
Volatility
T vs. APP - Volatility Comparison
The current volatility for AT&T Inc. (T) is 8.21%, while AppLovin Corporation (APP) has a volatility of 20.54%. This indicates that T 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
| T | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 20.54% | -12.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 58.87% | -41.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 71.03% | -48.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 77.84% | -53.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 77.53% | -53.80% |
Dividends
T vs. APP - Dividend Comparison
T's dividend yield for the trailing twelve months is around 4.71%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T AT&T Inc. | 4.71% | 4.47% | 4.87% | 6.62% | 6.66% | 8.46% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% |
Financials
T vs. APP - Financials Comparison
This section allows you to compare key financial metrics between AT&T 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
T and APP have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.54%) compared to T (8.21%). In terms of maximum drawdown, T dropped -64.15% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.43 vs -0.59), 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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