APP vs TTD: Correlation
AppLovin (APP) and Trade Desk (The) (TTD) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and TTD?
Over the past 3 years, APP and TTD moved with a correlation of 0.25, which is weak. The link has tightened recently: the 1-year correlation (0.36) runs above the 3-year figure (0.25). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1283.9 %².
By 3-year correlation, TTD places #33 of the 44 assets tracked against APP. Correlation aside, the last 12 months split them widely, with APP ahead by 42.0 points (-32.5% versus -74.5%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.10 to 0.56.
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 TTD: side by side
| APP (AppLovin) | TTD (Trade Desk (The)) | |
|---|---|---|
| 1-year return | -32.5% | -74.5% |
| 5-year return | +326.5% | -83.4% |
| Volatility (ann.) | 84.3% | 60.7% |
| Beta vs S&P 500 | 3.10 | 1.23 |
| Max drawdown (3Y) | -59.3% | -90.7% |
| Market cap | $105.0B | $6.3B |
| P/E (trailing) | 23.7 | 15.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | APP | TTD |
|---|---|---|
| 2022 | -88.8% | -51.1% |
| 2023 | +278.4% | +60.5% |
| 2024 | +712.6% | +63.3% |
| 2025 | +108.1% | -67.7% |
| 2026 | -53.6% | -64.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and TTD good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APP and TTD?
As of 2026-08-27, the correlation of weekly returns between APP and TTD is 0.25 over 3 years, 0.36 over 1 year and 0.33 over 5 years.
Is TTD a good diversifier for APP?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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-ttd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/app-vs-ttd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APP correlations · TTD correlations
