APP vs RDDT: Correlation
How closely do AppLovin (APP) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and RDDT?
Across a 3-year window, the weekly returns of APP and RDDT correlate at 0.43, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 2864.8 %².
Within APP's tracked universe of 44 assets, RDDT comes in at #24 by 3-year correlation. On 12-month performance RDDT holds a 5.4-point edge, -32.5% against -27.1%. On a rolling one-year basis the correlation drifted between 0.33 and 0.60, a moderate band.
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 RDDT: side by side
| APP (AppLovin) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | -32.5% | -27.1% |
| 5-year return | +326.5% | n/a |
| Volatility (ann.) | 84.3% | 75.2% |
| Beta vs S&P 500 | 3.10 | 2.59 |
| Max drawdown (3Y) | -59.3% | -61.4% |
| Market cap | $105.0B | $29.6B |
| P/E (trailing) | 23.7 | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | APP | RDDT |
|---|---|---|
| 2022 | -88.8% | – |
| 2023 | +278.4% | – |
| 2024 | +712.6% | – |
| 2025 | +108.1% | +40.6% |
| 2026 | -53.6% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and RDDT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APP and RDDT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.54 over the last year and n/a over 5 years.
Is RDDT a good diversifier for APP?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/app-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APP correlations · RDDT correlations
