APP vs SPY
Comparison between Applovin Corp - Class A (APP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceAPP has outperformed SPY, delivering a return of +52.2% compared to +13.3%
APP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
APP
$158B
Winner
SPY
$652B
Expense Ratio
APP
N/A
SPY
0.09%
Max Drawdown
APP
91.90%
Winner
SPY
56.47%
Sharpe Ratio
APP
0.93
Winner
SPY
2.07
5Y Beta
APP
2.27
Winner
SPY
1.00
Industry
APP
Advertising Agencies
SPY
N/A
P/E Ratio
APP
39.97
Winner
SPY
28.24
Forward P/E
APP
30.67
Winner
SPY
21.85
PEG Ratio
APP
0.38
SPY
N/A
5Y Dividends CAGR
APP
N/A
SPY
5.43%
5Y EPS CAGR
APP
N/A
SPY
25.79%
Debt to Equity
APP
148.68%
Winner
SPY
22.35%
Free Cash Flow Yield
APP
2.81%
SPY
N/A
P/S Ratio
APP
28.76
Winner
SPY
3.55
P/B Ratio
APP
74.82
Winner
SPY
5.29
APP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
APP
+19.77%
SPY
+9.11%
3M
APP
+1.77%
Winner
SPY
+6.59%
6M
APP
-24.42%
Winner
SPY
+10.56%
1Y
Winner
APP
+38.01%
SPY
+32.04%
5Y(CAGR)
Winner
APP
+52.23%
SPY
+13.35%
10Y(CAGR)
APP
N/A
SPY
+15.49%
Max(CAGR)
Winner
APP
+47.64%
SPY
+8.50%
APP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | APP | SPY |
|---|---|---|
| 2026 | -24.22% | +8.27% |
| 2025 | +97.15% | +18.00% |
| 2024 | +735.04% | +25.59% |
| 2023 | +271.39% | +26.72% |
| 2022 | -88.84% | -18.64% |
| 2021 | +44.57% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
APP vs SPY Drawdown Comparison
The maximum drawdown for APP was -91.90%, occurring on Dec 27, 2022. Recovery took 713 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current APP drawdown is -36.13%.
| Rank | APP | SPY |
|---|---|---|
| #1 | -91.90% Nov 11, 2021 - Sep 16, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -57.00% Feb 14, 2025 - Sep 8, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -49.99% Dec 22, 2025 - Feb 12, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -36.66% Jun 17, 2021 - Oct 14, 2021 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.59% Sep 30, 2025 - Dec 9, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -23.51% Apr 15, 2021 - May 20, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.02% Dec 6, 2024 - Feb 13, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.31% Dec 9, 2025 - Dec 22, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.62% Oct 29, 2024 - Nov 7, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.57% Nov 9, 2021 - Nov 11, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.33% May 28, 2021 - Jun 4, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.12% Nov 22, 2024 - Nov 29, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.85% Oct 21, 2021 - Oct 28, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.72% Oct 11, 2024 - Oct 21, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.44% Oct 19, 2021 - Oct 21, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between APP and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
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