APP vs GOOGL: Correlation
How closely do AppLovin (APP) and Alphabet Inc. (Class A) (GOOGL) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and GOOGL?
Across a 3-year window, the weekly returns of APP and GOOGL correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 778.8 %².
Within APP's tracked universe of 44 assets, GOOGL comes in at #32 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOGL outperformed by 97.2 percentage points (-32.5% for APP against +64.7% for GOOGL). On a rolling one-year basis the correlation drifted between 0.14 and 0.56, a moderate band. Risk is not evenly split, since APP carries 2.7 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APP vs GOOGL: side by side
| APP (AppLovin) | GOOGL (Alphabet Inc. (Class A)) | |
|---|---|---|
| 1-year return | -32.5% | +64.7% |
| 5-year return | +326.5% | +137.7% |
| Volatility (ann.) | 84.3% | 31.4% |
| Beta vs S&P 500 | 3.10 | 1.22 |
| Max drawdown (3Y) | -59.3% | -29.8% |
| Market cap | $105.0B | $4,166.1B |
| P/E (trailing) | 23.7 | 17.2 |
| Dividend yield | 0.00% | 0.25% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | APP | GOOGL |
|---|---|---|
| 2022 | -88.8% | -39.1% |
| 2023 | +278.4% | +58.3% |
| 2024 | +712.6% | +36.0% |
| 2025 | +108.1% | +66.0% |
| 2026 | -53.6% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and GOOGL good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APP and GOOGL?
The APP/GOOGL correlation stands at 0.29 on a 3-year window (1 year: 0.37, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is GOOGL a good diversifier for APP?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-googl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/app-vs-googl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APP correlations · GOOGL correlations
