AMD vs INTC: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and Intel (INTC) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and INTC?
On 3 years of weekly data the AMD/INTC correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 1561.7 %².
Within AMD's tracked universe of 33 assets, INTC comes in at #21 by 3-year correlation. The last year tells two different stories: INTC led by 85.4 percentage points, +185.2% for AMD against +270.6% for INTC. Across three years, the rolling one-year figure varied moderately, from 0.13 to 0.50.
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 INTC: side by side
| AMD (Advanced Micro Devices) | INTC (Intel) | |
|---|---|---|
| 1-year return | +185.2% | +270.6% |
| 5-year return | +328.2% | +85.4% |
| Volatility (ann.) | 55.7% | 63.0% |
| Beta vs S&P 500 | 2.04 | 2.01 |
| Max drawdown (3Y) | -63.0% | -63.8% |
| Market cap | $778.2B | $486.8B |
| P/E (trailing) | 121.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMD | INTC |
|---|---|---|
| 2022 | -55.0% | -46.6% |
| 2023 | +127.6% | +94.6% |
| 2024 | -18.1% | -59.6% |
| 2025 | +77.3% | +84.0% |
| 2026 | +122.6% | +149.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and INTC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMD and INTC?
As of 2026-08-27, the correlation of weekly returns between AMD and INTC is 0.45 over 3 years, 0.42 over 1 year and 0.44 over 5 years.
Is INTC a good diversifier for AMD?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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-intc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amd-vs-intc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMD correlations · INTC correlations
