AMAT vs MU: Correlation
Measured on weekly returns over the past three years, Applied Materials (AMAT) and Micron Technology (MU) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMAT and MU?
On 3 years of weekly data the AMAT/MU correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 1717.4 %².
By 3-year correlation, MU places #19 of the 34 assets tracked against AMAT. Correlation aside, the last 12 months split them widely, with MU ahead by 500.7 points (+195.0% versus +695.7%). Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.77.
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 MU: side by side
| AMAT (Applied Materials) | MU (Micron Technology) | |
|---|---|---|
| 1-year return | +195.0% | +695.7% |
| 5-year return | +269.5% | +1211.2% |
| Volatility (ann.) | 43.5% | 63.3% |
| Beta vs S&P 500 | 1.69 | 2.47 |
| Max drawdown (3Y) | -49.9% | -57.6% |
| Market cap | $382.8B | – |
| P/E (trailing) | 41.3 | 21.2 |
| Dividend yield | 0.41% | 0.06% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMAT | MU |
|---|---|---|
| 2022 | -37.5% | -45.9% |
| 2023 | +68.0% | +71.9% |
| 2024 | +1.1% | -1.0% |
| 2025 | +59.6% | +240.2% |
| 2026 | +88.4% | +227.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAT and MU good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMAT and MU?
The AMAT/MU correlation stands at 0.62 on a 3-year window (1 year: 0.54, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is MU a good diversifier for AMAT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amat-vs-mu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amat-vs-mu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMAT correlations · MU correlations
