APP vs META: Correlation
How closely do AppLovin (APP) and Meta Platforms (META) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and META?
Over the past 3 years, APP and META moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1241.2 %².
Among the 44 assets we track against APP, META ranks #25 by 3-year correlation. The trailing year gives META the advantage: -32.5% versus -23.3%, a 9.2-point spread. On a rolling one-year basis the correlation drifted between 0.21 and 0.55, a moderate band. Note the risk asymmetry: APP runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 META: side by side
| APP (AppLovin) | META (Meta Platforms) | |
|---|---|---|
| 1-year return | -32.5% | -23.3% |
| 5-year return | +326.5% | +51.3% |
| Volatility (ann.) | 84.3% | 36.9% |
| Beta vs S&P 500 | 3.10 | 1.45 |
| Max drawdown (3Y) | -59.3% | -34.2% |
| Market cap | $105.0B | $1,454.9B |
| P/E (trailing) | 23.7 | 21.7 |
| Dividend yield | 0.00% | 0.36% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | APP | META |
|---|---|---|
| 2022 | -88.8% | -64.2% |
| 2023 | +278.4% | +194.1% |
| 2024 | +712.6% | +66.0% |
| 2025 | +108.1% | +13.1% |
| 2026 | -53.6% | -13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and META good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APP and META?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.36 over the last year and 0.38 over 5 years.
Is META a good diversifier for APP?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-meta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/app-vs-meta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APP correlations · META correlations
