APP vs TTWO: Correlation
How closely do AppLovin (APP) and Take-Two Interactive (TTWO) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and TTWO?
Across a 3-year window, the weekly returns of APP and TTWO correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 895.9 %².
Within APP's tracked universe of 44 assets, TTWO comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TTWO ahead by 32.9 points (-32.5% versus +0.4%). Across three years, the rolling one-year figure varied moderately, from 0.21 to 0.49. Note the risk asymmetry: APP runs 3.1 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 TTWO: side by side
| APP (AppLovin) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | -32.5% | +0.4% |
| 5-year return | +326.5% | +47.3% |
| Volatility (ann.) | 84.3% | 27.3% |
| Beta vs S&P 500 | 3.10 | 0.85 |
| Max drawdown (3Y) | -59.3% | -27.7% |
| Market cap | $105.0B | $43.6B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | APP | TTWO |
|---|---|---|
| 2022 | -88.8% | -41.4% |
| 2023 | +278.4% | +54.6% |
| 2024 | +712.6% | +14.4% |
| 2025 | +108.1% | +39.1% |
| 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 TTWO good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APP and TTWO?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.46 over the last year and 0.39 over 5 years.
Is TTWO a good diversifier for APP?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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-ttwo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/app-vs-ttwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APP correlations · TTWO correlations
