AMD vs SOXX: Correlation
How closely do Advanced Micro Devices (AMD) and iShares Semiconductor ETF (SOXX) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and SOXX?
On 3 years of weekly data the AMD/SOXX correlation comes out at 0.72, strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.72). The 5-year figure is 0.76, and annualized covariance runs at 1401.5 %².
Few assets follow AMD as closely as SOXX, which ranks #1 of 33 tracked partners. The last year tells two different stories: AMD led by 75.2 percentage points, +185.2% for AMD against +110.0% for SOXX. On a rolling one-year basis the correlation drifted between 0.45 and 0.88, a moderate band. One caveat on sizing: AMD is 1.6 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 SOXX: side by side
| AMD (Advanced Micro Devices) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +185.2% | +110.0% |
| 5-year return | +328.2% | +247.5% |
| Volatility (ann.) | 55.7% | 35.2% |
| Beta vs S&P 500 | 2.04 | 1.93 |
| Max drawdown (3Y) | -63.0% | -41.4% |
| Market cap | $778.2B | – |
| P/E (trailing) | 121.9 | – |
| Dividend yield | 0.00% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | AMD | SOXX |
|---|---|---|
| 2022 | -55.0% | -35.1% |
| 2023 | +127.6% | +67.1% |
| 2024 | -18.1% | +12.9% |
| 2025 | +77.3% | +40.7% |
| 2026 | +122.6% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
AMD represents 8.33% of SOXX's portfolio, so part of any move in SOXX is AMD itself, and the correlation between them is partly mechanical.
Are AMD and SOXX good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMD and SOXX?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.61 over the last year and 0.76 over 5 years.
Is SOXX a good diversifier for AMD?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amd-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMD correlations · SOXX correlations
