AMD vs NVDA: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and Nvidia (NVDA) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and NVDA?
Across a 3-year window, the weekly returns of AMD and NVDA correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.52 over 3 years. Stretching to 5 years gives 0.62, with an annualized covariance of 1293.3 %².
Among the 33 assets we track against AMD, NVDA ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMD outperformed by 159.5 percentage points (+185.2% for AMD against +25.7% for NVDA). Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.76.
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 NVDA: side by side
| AMD (Advanced Micro Devices) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +185.2% | +25.7% |
| 5-year return | +328.2% | +908.3% |
| Volatility (ann.) | 55.7% | 44.5% |
| Beta vs S&P 500 | 2.04 | 2.18 |
| Max drawdown (3Y) | -63.0% | -36.9% |
| Market cap | $778.2B | $5,505.0B |
| P/E (trailing) | 121.9 | 32.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMD | NVDA |
|---|---|---|
| 2022 | -55.0% | -50.3% |
| 2023 | +127.6% | +239.0% |
| 2024 | -18.1% | +171.2% |
| 2025 | +77.3% | +38.9% |
| 2026 | +122.6% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and NVDA good diversifiers for each other?
To a limited degree. At 0.52 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 NVDA?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.38 over the last year and 0.62 over 5 years.
Is NVDA a good diversifier for AMD?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amd-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMD correlations · NVDA correlations
