AMD vs QCOM: Correlation
Advanced Micro Devices (AMD) and Qualcomm (QCOM) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and QCOM?
Over the past 3 years, AMD and QCOM moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1246.7 %².
By 3-year correlation, QCOM places #16 of the 33 assets tracked against AMD. Correlation aside, the last 12 months split them widely, with AMD ahead by 179.9 points (+185.2% versus +5.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.13 and 0.76 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 QCOM: side by side
| AMD (Advanced Micro Devices) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +185.2% | +5.3% |
| 5-year return | +328.2% | +25.8% |
| Volatility (ann.) | 55.7% | 42.4% |
| Beta vs S&P 500 | 2.04 | 1.77 |
| Max drawdown (3Y) | -63.0% | -44.2% |
| Market cap | $778.2B | $176.0B |
| P/E (trailing) | 121.9 | 18.9 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMD | QCOM |
|---|---|---|
| 2022 | -55.0% | -38.6% |
| 2023 | +127.6% | +35.1% |
| 2024 | -18.1% | +8.3% |
| 2025 | +77.3% | +13.8% |
| 2026 | +122.6% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and QCOM good diversifiers for each other?
Only partially. A correlation of 0.53 means AMD and QCOM 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 QCOM?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.45 over the last year and 0.56 over 5 years.
Is QCOM a good diversifier for AMD?
Only partially. A correlation of 0.53 means AMD and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amd-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMD correlations · QCOM correlations
