APPF vs MSFT: Correlation
AppFolio, Inc. (APPF) and Microsoft (MSFT) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPF and MSFT?
On 3 years of weekly data the APPF/MSFT correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.41 over 3. The 5-year figure is 0.39, and annualized covariance runs at 474.5 %².
Within APPF's tracked universe of 13 assets, MSFT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MSFT ahead by 16.5 points (-16.0% versus +0.5%). Note the risk asymmetry: APPF runs 1.5 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.
APPF vs MSFT: side by side
| APPF (AppFolio, Inc.) | MSFT (Microsoft) | |
|---|---|---|
| 1-year return | -16.0% | +0.5% |
| 5-year return | +93.0% | +73.3% |
| Volatility (ann.) | 41.6% | 27.5% |
| Beta vs S&P 500 | 0.64 | 1.12 |
| Max drawdown (3Y) | -55.4% | -34.5% |
| Market cap | $8.2B | $3,750.3B |
| P/E (trailing) | 50.8 | 28.1 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | APPF | MSFT |
|---|---|---|
| 2022 | -13.0% | -28.0% |
| 2023 | +64.4% | +58.2% |
| 2024 | +42.4% | +12.9% |
| 2025 | -5.7% | +15.6% |
| 2026 | -0.3% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPF and MSFT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APPF and MSFT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.50 over the last year and 0.39 over 5 years.
Is MSFT a good diversifier for APPF?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/appf-vs-msft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/appf-vs-msft/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APPF correlations · MSFT correlations
