AMD vs SPYG: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and SPDR Portfolio S&P 500 Growth ETF (SPYG) 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 SPYG?
On 3 years of weekly data the AMD/SPYG correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.55). The 5-year figure is 0.59, and annualized covariance runs at 584.8 %².
Among the 33 assets we track against AMD, SPYG ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMD outperformed by 162.8 percentage points (+185.2% for AMD against +22.4% for SPYG). On a rolling one-year basis the correlation drifted between 0.37 and 0.81, a moderate band. One caveat on sizing: AMD is 2.9 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 SPYG: side by side
| AMD (Advanced Micro Devices) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +185.2% | +22.4% |
| 5-year return | +328.2% | +85.9% |
| Volatility (ann.) | 55.7% | 18.9% |
| Beta vs S&P 500 | 2.04 | 1.25 |
| Max drawdown (3Y) | -63.0% | -22.1% |
| Market cap | $778.2B | – |
| P/E (trailing) | 121.9 | – |
| Dividend yield | 0.00% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Information Technology | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | AMD | SPYG |
|---|---|---|
| 2022 | -55.0% | -29.4% |
| 2023 | +127.6% | +30.0% |
| 2024 | -18.1% | +36.0% |
| 2025 | +77.3% | +22.1% |
| 2026 | +122.6% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPYG holds AMD at a 2.19% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AMD and SPYG 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 SPYG?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.39 over the last year and 0.59 over 5 years.
Is SPYG 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?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amd-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amd-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMD correlations · SPYG correlations
