AMD vs MU: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and Micron Technology (MU) 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 MU?
Across a 3-year window, the weekly returns of AMD and MU correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 1957.1 %².
Within AMD's tracked universe of 33 assets, MU comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MU outperformed by 510.5 percentage points (+185.2% for AMD against +695.7% for MU). The rolling one-year correlation moved between 0.31 and 0.70 over the past three years, a moderate range.
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 MU: side by side
| AMD (Advanced Micro Devices) | MU (Micron Technology) | |
|---|---|---|
| 1-year return | +185.2% | +695.7% |
| 5-year return | +328.2% | +1211.2% |
| Volatility (ann.) | 55.7% | 63.3% |
| Beta vs S&P 500 | 2.04 | 2.47 |
| Max drawdown (3Y) | -63.0% | -57.6% |
| Market cap | $778.2B | – |
| P/E (trailing) | 121.9 | 21.2 |
| Dividend yield | 0.00% | 0.06% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMD | MU |
|---|---|---|
| 2022 | -55.0% | -45.9% |
| 2023 | +127.6% | +71.9% |
| 2024 | -18.1% | -1.0% |
| 2025 | +77.3% | +240.2% |
| 2026 | +122.6% | +227.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and MU good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMD and MU?
As of 2026-08-27, the correlation of weekly returns between AMD and MU is 0.55 over 3 years, 0.53 over 1 year and 0.54 over 5 years.
Is MU a good diversifier for AMD?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amd-vs-mu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amd-vs-mu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMD correlations · MU correlations
