AMD vs DELL: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and Dell Technologies (DELL) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and DELL?
On 3 years of weekly data the AMD/DELL correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 1890.1 %².
Among the 33 assets we track against AMD, DELL ranks #11 by 3-year correlation. The last year tells two different stories: DELL led by 75.8 percentage points, +185.2% for AMD against +261.0% for DELL. The relationship is regime-dependent: the rolling one-year correlation swung between 0.14 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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 DELL: side by side
| AMD (Advanced Micro Devices) | DELL (Dell Technologies) | |
|---|---|---|
| 1-year return | +185.2% | +261.0% |
| 5-year return | +328.2% | +945.0% |
| Volatility (ann.) | 55.7% | 61.3% |
| Beta vs S&P 500 | 2.04 | 2.02 |
| Max drawdown (3Y) | -63.0% | -59.6% |
| Market cap | $778.2B | $305.1B |
| P/E (trailing) | 121.9 | 36.9 |
| Dividend yield | 0.00% | 0.48% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMD | DELL |
|---|---|---|
| 2022 | -55.0% | -26.6% |
| 2023 | +127.6% | +95.9% |
| 2024 | -18.1% | +53.0% |
| 2025 | +77.3% | +11.2% |
| 2026 | +122.6% | +278.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and DELL good diversifiers for each other?
Only partially. A correlation of 0.55 means AMD and DELL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMD and DELL?
The AMD/DELL correlation stands at 0.55 on a 3-year window (1 year: 0.52, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is DELL a good diversifier for AMD?
Only partially. A correlation of 0.55 means AMD and DELL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
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Related comparisons
Hubs: AMD correlations · DELL correlations
