APPF vs TYL: Correlation
How closely do AppFolio, Inc. (APPF) and Tyler Technologies (TYL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPF and TYL?
On 3 years of weekly data the APPF/TYL correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.49). The 5-year figure is 0.45, and annualized covariance runs at 599.6 %².
TYL is one of the assets that tracks APPF most closely: it ranks #1 out of the 13 assets we track against APPF. The last year tells two different stories: APPF led by 18.0 percentage points, -16.0% for APPF against -34.0% for TYL.
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 TYL: side by side
| APPF (AppFolio, Inc.) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -16.0% | -34.0% |
| 5-year return | +93.0% | -22.5% |
| Volatility (ann.) | 41.6% | 29.6% |
| Beta vs S&P 500 | 0.64 | 0.61 |
| Max drawdown (3Y) | -55.4% | -57.4% |
| Market cap | $8.2B | $15.1B |
| P/E (trailing) | 50.8 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | APPF | TYL |
|---|---|---|
| 2022 | -13.0% | -40.1% |
| 2023 | +64.4% | +29.7% |
| 2024 | +42.4% | +37.9% |
| 2025 | -5.7% | -21.3% |
| 2026 | -0.3% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPF and TYL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APPF and TYL?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.64 over the last year and 0.45 over 5 years.
Is TYL a good diversifier for APPF?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/appf-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APPF correlations · TYL correlations
