AMAT vs ASML: Correlation
How closely do Applied Materials (AMAT) and ASML Holding N.V. - New York Registry Shares (ASML) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMAT and ASML?
On 3 years of weekly data the AMAT/ASML correlation comes out at 0.75, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 1257.6 %².
By 3-year correlation, ASML places #7 of the 34 assets tracked against AMAT. Correlation aside, the last 12 months split them widely, with AMAT ahead by 68.2 points (+195.0% versus +126.8%).
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.
AMAT vs ASML: side by side
| AMAT (Applied Materials) | ASML (ASML Holding N.V. - New York Registry Shares) | |
|---|---|---|
| 1-year return | +195.0% | +126.8% |
| 5-year return | +269.5% | +116.6% |
| Volatility (ann.) | 43.5% | 38.6% |
| Beta vs S&P 500 | 1.69 | 1.52 |
| Max drawdown (3Y) | -49.9% | -45.5% |
| Market cap | $382.8B | $666.4B |
| P/E (trailing) | 41.3 | 58.5 |
| Dividend yield | 0.41% | 0.25% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMAT | ASML |
|---|---|---|
| 2022 | -37.5% | -30.5% |
| 2023 | +68.0% | +39.9% |
| 2024 | +1.1% | -7.7% |
| 2025 | +59.6% | +55.8% |
| 2026 | +88.4% | +63.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAT and ASML good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMAT and ASML?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.75 over the last year and 0.78 over 5 years.
Is ASML a good diversifier for AMAT?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/amat-vs-asml.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amat-vs-asml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMAT correlations · ASML correlations
