ACMR vs AMAT: Correlation
ACM Research, Inc. (ACMR) and Applied Materials (AMAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACMR and AMAT?
Over the past 3 years, ACMR and AMAT moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.71) runs above the 3-year figure (0.56). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1970.2 %².
AMAT is one of the assets that tracks ACMR most closely: it ranks #3 out of the 13 assets we track against ACMR. On 12-month performance AMAT holds a 13.4-point edge, +181.6% against +195.0%. Risk is not evenly split, since ACMR carries 1.9 times the volatility of the other side.
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.
ACMR vs AMAT: side by side
| ACMR (ACM Research, Inc.) | AMAT (Applied Materials) | |
|---|---|---|
| 1-year return | +181.6% | +195.0% |
| 5-year return | +173.8% | +269.5% |
| Volatility (ann.) | 80.8% | 43.5% |
| Beta vs S&P 500 | 2.07 | 1.69 |
| Max drawdown (3Y) | -58.4% | -49.9% |
| Market cap | $5.6B | $382.8B |
| P/E (trailing) | 37.3 | 41.3 |
| Dividend yield | 0.00% | 0.41% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ACMR | AMAT |
|---|---|---|
| 2022 | -72.9% | -37.5% |
| 2023 | +153.4% | +68.0% |
| 2024 | -22.7% | +1.1% |
| 2025 | +161.3% | +59.6% |
| 2026 | +104.0% | +88.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACMR and AMAT good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACMR and AMAT?
The ACMR/AMAT correlation stands at 0.56 on a 3-year window (1 year: 0.71, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is AMAT a good diversifier for ACMR?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: ACMR correlations · AMAT correlations
