AMD vs BSTZ: Correlation
How closely do Advanced Micro Devices (AMD) and BlackRock Science and Technology Term Trust (BSTZ) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and BSTZ?
Across a 3-year window, the weekly returns of AMD and BSTZ correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 731.1 %².
Among the 33 assets we track against AMD, BSTZ ranks #10 by 3-year correlation. The last year tells two different stories: AMD led by 127.8 percentage points, +185.2% for AMD against +57.4% for BSTZ. Risk is not evenly split, since AMD carries 2.4 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.
AMD vs BSTZ: side by side
| AMD (Advanced Micro Devices) | BSTZ (BlackRock Science and Technology Term Trust) | |
|---|---|---|
| 1-year return | +185.2% | +57.4% |
| 5-year return | +328.2% | +31.6% |
| Volatility (ann.) | 55.7% | 23.7% |
| Beta vs S&P 500 | 2.04 | 1.19 |
| Max drawdown (3Y) | -63.0% | -25.3% |
| Market cap | $778.2B | $2.1B |
| P/E (trailing) | 121.9 | 6.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMD | BSTZ |
|---|---|---|
| 2022 | -55.0% | -55.3% |
| 2023 | +127.6% | +18.7% |
| 2024 | -18.1% | +37.5% |
| 2025 | +77.3% | +25.1% |
| 2026 | +122.6% | +44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and BSTZ good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMD and BSTZ?
As of 2026-08-27, the correlation of weekly returns between AMD and BSTZ is 0.55 over 3 years, 0.48 over 1 year and 0.56 over 5 years.
Is BSTZ a good diversifier for AMD?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amd-vs-bstz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amd-vs-bstz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMD correlations · BSTZ correlations
