APP correlations (AppLovin)
APP measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Communication Services · Advertising
Volatility (ann.)
84.3%
3y weekly
Beta vs S&P 500
3.10
3y weekly
1-year return
-32.5%
price, adjusted
5-year return
+326.5%
price, adjusted
Market cap
$105.0B
latest
P/E ratio
23.7
trailing
Max drawdown
-59.3%
3y, daily closes
APP over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with APP
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| AXON | Axon Enterprise | 0.61 | |
| TRMB | Trimble Inc. | 0.58 | |
| VUG | Vanguard Growth ETF | 0.57 | |
| HOOD | Robinhood Markets | 0.57 | |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.56 | |
| FNGO | MicroSectors FANG Index 2X Leveraged ETNs due January 8 | 0.55 | |
| ARKK | ARK Innovation ETF | 0.55 | |
| QQQM | Invesco Nasdaq 100 ETF | 0.55 | |
| QQQ | Invesco QQQ Trust | 0.54 | |
| PLTR | Palantir Technologies | 0.54 | |
| VTI | Vanguard Total Stock Market ETF | 0.54 | |
| IONQ | IonQ, Inc. | 0.54 | |
| VOO | Vanguard S&P 500 ETF | 0.53 | |
| IVV | iShares Core S&P 500 ETF | 0.53 | |
| SPY | SPDR S&P 500 ETF Trust | 0.53 |
Best diversifiers for APP
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from APP.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.55 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.46 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.45 | |
| ED | Consolidated Edison | -0.31 | |
| BGS | B&G Foods, Inc. | -0.23 | |
| BCE | BCE, Inc. | -0.22 | |
| JNJ | Johnson & Johnson | -0.20 | |
| MDLZ | Mondelez International | -0.20 | |
| PEP | PepsiCo | -0.20 | |
| LNTH | Lantheus Holdings, Inc. | -0.19 |
APP vs benchmarks
APP vs its peers
Get APP data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/app.jsonCorrelations, diversifiers, beta and volatility for APP, plus one endpoint per pair. API documentation.
APP inside major ETFs
| ETF | APP weight | |
|---|---|---|
| XLC | Communication Services Select Sector SPDR Fund | 1.3% |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.57% |
| QQQ | Invesco QQQ Trust | 0.42% |
| QQQM | Invesco Nasdaq 100 ETF | 0.42% |
| VUG | Vanguard Growth ETF | 0.32% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.26% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.23% |
| VOO | Vanguard S&P 500 ETF | 0.17% |
| VTI | Vanguard Total Stock Market ETF | 0.15% |
| IVV | iShares Core S&P 500 ETF | 0.13% |
