AMD vs SMCI: Correlation
How closely do Advanced Micro Devices (AMD) and Supermicro (SMCI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and SMCI?
Over the past 3 years, AMD and SMCI moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 2643.9 %².
By 3-year correlation, SMCI places #22 of the 33 assets tracked against AMD. Their recent paths diverged sharply: over the last 12 months AMD outperformed by 199.3 percentage points (+185.2% for AMD against -14.1% for SMCI). The rolling one-year correlation moved between 0.35 and 0.67 over the past three years, a moderate range. One caveat on sizing: SMCI is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SMCI: side by side
| AMD (Advanced Micro Devices) | SMCI (Supermicro) | |
|---|---|---|
| 1-year return | +185.2% | -14.1% |
| 5-year return | +328.2% | +983.4% |
| Volatility (ann.) | 55.7% | 107.1% |
| Beta vs S&P 500 | 2.04 | 3.08 |
| Max drawdown (3Y) | -63.0% | -84.8% |
| Market cap | $778.2B | $24.9B |
| P/E (trailing) | 121.9 | 11.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AMD | SMCI |
|---|---|---|
| 2022 | -55.0% | +86.8% |
| 2023 | +127.6% | +246.2% |
| 2024 | -18.1% | +7.2% |
| 2025 | +77.3% | -4.0% |
| 2026 | +122.6% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and SMCI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMD and SMCI?
The AMD/SMCI correlation stands at 0.44 on a 3-year window (1 year: 0.39, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is SMCI a good diversifier for AMD?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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-smci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amd-vs-smci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMD correlations · SMCI correlations
