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Relative Intelligence · Semiconductors

How Advanced Micro Devices (AMD) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on AMD alone. It places AMD (Advanced Micro Devices, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where AMD stands in the market, and of the alternatives worth a closer look.

Period covered: AMD's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against AMD →Chart AMD vs. 21 alternatives →
On this page12 sections

Key findings

How much would $10,000 in AMD have grown?

This chart tracks a hypothetical $10,000 investment in AMD over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of AMD over the same span and AMD's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 156 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of AMD; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M$10M199720022007201220172022$1,000$10,000$100,000$1M$10M19972004201120182025
  • AMZN$11M+114,749% total · +27.5% a year
  • ASML$984,088+9,741% total · +17.1% a year
  • MU$629,766+6,198% total · +15.4% a year
  • MSFT$508,386+4,984% total · +14.5% a year
  • ADI$385,909+3,759% total · +13.4% a year
  • AMD$375,764+3,658% total · +13.3% a year
  • TXN$277,580+2,676% total · +12.1% a year
  • SWKS$176,981+1,670% total · +10.4% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • LSCC$77,161+672% total · +7.3% a year
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From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 86 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of AMD; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000202120222023202420252026$10,000$20,000$50,000$100,000202120222023202420252026
  • MU$153,675+1,437% total · +72.7% a year
  • DELL$112,363+1,024% total · +62.2% a year
  • NVDA$110,811+1,008% total · +61.8% a year
  • AVGO$79,117+691% total · +51.2% a year
  • ASX$70,798+608% total · +47.9% a year
  • AMD$59,452+495% total · +42.8% a year
  • MRVL$44,627+346% total · +34.9% a year
  • ADI$25,751+158% total · +20.8% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • MSFT$18,958+89.6% total · +13.6% a year
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AMD at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$873B
Industry
Semiconductors
Price history from
October 1986

Returns

Past 1 year
+122%total return
Past 3 years
+425%+73.8% a year
Past 5 years
+359%+35.7% a year
Past 10 years
+7,583%+54.4% a year
Best calendar year
+348%2009
Worst calendar year
−71.2%2008
Losing years
14 of 29full calendar years

Risk

Volatility
57.6%typical yearly swing, 5 years
Sharpe ratio
0.82return per unit of risk, 5 years
Worst decline ever
−96.6%Jun 2000 to Jul 2015
From its all-time high
−17.7%below the peak

AMD against the whole market

Where AMD ranks among every stock and fund, and what across the market has done better.

How does AMD rank among all stocks?

This section ranks AMD on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how AMD stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureAMDRankStanding
1-year return+122%117 of 3,287top 4%
3-year return+425%132 of 3,017top 4%
5-year return+359%123 of 2,893top 4%
10-year return+7,583%2 of 2,202top 1%
Volatility, 5 years57.6%2,205 of 2,893bottom 25%
Sharpe ratio, 5 years0.82264 of 2,893top 9%
Worst decline, past 10 years−65.5%1,117 of 2,187bottom 50%

What has beaten AMD on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). AMD sits where the dashed lines cross. Anything in the green box above and to the left earned more than AMD with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to AMD; faint dots are 54 more of the 66 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than AMDMCK: +38.7% a year, volatility 25.0%INSW: +56.5% a year, volatility 40.5%PWR: +39.3% a year, volatility 37.2%VST: +53.4% a year, volatility 48.6%ESLT: +39.8% a year, volatility 34.6%EME: +43.0% a year, volatility 35.3%COKE: +41.2% a year, volatility 38.0%MLI: +38.9% a year, volatility 33.4%FRO: +52.6% a year, volatility 49.7%TTMI: +48.0% a year, volatility 54.3%MPC: +51.2% a year, volatility 33.4%PBR-A: +51.8% a year, volatility 37.5%JXN: +41.7% a year, volatility 43.3%HWM: +47.3% a year, volatility 32.5%AGX: +53.5% a year, volatility 54.1%DHT: +38.7% a year, volatility 39.0%ATI: +61.8% a year, volatility 42.9%PLPC: +40.5% a year, volatility 48.3%CRS: +63.9% a year, volatility 46.5%CLMB: +37.8% a year, volatility 45.5%PBR: +50.3% a year, volatility 37.5%BBVA: +38.7% a year, volatility 33.3%VLO: +44.2% a year, volatility 36.9%TRGP: +41.8% a year, volatility 31.7%FTI: +54.1% a year, volatility 41.3%AU: +40.4% a year, volatility 49.9%YPF: +60.7% a year, volatility 54.1%SBS: +39.1% a year, volatility 37.1%LRCX: +37.4% a year, volatility 49.9%WDC: +53.7% a year, volatility 53.5%VIST: +59.1% a year, volatility 50.7%IDCC: +39.0% a year, volatility 36.9%LAUR: +37.5% a year, volatility 32.8%KNSA: +50.2% a year, volatility 53.7%TRMD: +54.3% a year, volatility 45.9%BWLP: +60.3% a year, volatility 50.9%MIRM: +40.0% a year, volatility 51.8%OGC: +37.2% a year, volatility 52.9%ENVA: +37.8% a year, volatility 41.9%TNK: +50.5% a year, volatility 45.1%TSEM: +42.5% a year, volatility 52.2%STNG: +37.9% a year, volatility 43.6%TDW: +44.6% a year, volatility 54.1%CECO: +52.5% a year, volatility 53.9%PARR: +38.9% a year, volatility 50.6%LPG: +54.6% a year, volatility 43.6%DXPE: +39.0% a year, volatility 46.1%NRP: +37.4% a year, volatility 33.9%TEN: +46.9% a year, volatility 46.3%TK: +47.1% a year, volatility 41.7%PBT: +37.8% a year, volatility 47.2%NAT: +37.5% a year, volatility 50.5%ASC: +41.7% a year, volatility 44.8%GHM: +39.6% a year, volatility 50.9%AMD: +35.7% a year, volatility 57.6%SPY (S&P 500): +12.7% a year, volatility 17.1%DELL: +55.2% a year, volatility 54.4%MU: +68.1% a year, volatility 57.1%AVGO: +48.3% a year, volatility 44.5%NVDA: +58.0% a year, volatility 51.9%ASX: +48.8% a year, volatility 43.0%ANET: +49.0% a year, volatility 49.0%STX: +57.4% a year, volatility 48.7%KLAC: +38.7% a year, volatility 46.7%CIEN: +45.2% a year, volatility 52.6%LITE: +57.3% a year, volatility 64.5%CAH: +42.1% a year, volatility 24.7%FIX: +77.0% a year, volatility 46.7%LLY: +40.7% a year, volatility 32.8%RVMD: +48.8% a year, volatility 62.1%IBKR: +35.4% a year, volatility 35.4%STRL: +78.4% a year, volatility 60.0%BELFB: +78.0% a year, volatility 52.1%AMDSPY (S&P 500)DELLMUAVGONVDAASXANETSTXKLACCIENLITECAHFIXLLYRVMDIBKRSTRLBELFB0.0%20.0%40.0%60.0%80.0%0.0%20.0%40.0%60.0%80.0%100%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than AMDMCK: +38.7% a year, volatility 25.0%INSW: +56.5% a year, volatility 40.5%PWR: +39.3% a year, volatility 37.2%VST: +53.4% a year, volatility 48.6%ESLT: +39.8% a year, volatility 34.6%EME: +43.0% a year, volatility 35.3%COKE: +41.2% a year, volatility 38.0%MLI: +38.9% a year, volatility 33.4%FRO: +52.6% a year, volatility 49.7%TTMI: +48.0% a year, volatility 54.3%MPC: +51.2% a year, volatility 33.4%PBR-A: +51.8% a year, volatility 37.5%JXN: +41.7% a year, volatility 43.3%HWM: +47.3% a year, volatility 32.5%AGX: +53.5% a year, volatility 54.1%DHT: +38.7% a year, volatility 39.0%ATI: +61.8% a year, volatility 42.9%PLPC: +40.5% a year, volatility 48.3%CRS: +63.9% a year, volatility 46.5%CLMB: +37.8% a year, volatility 45.5%PBR: +50.3% a year, volatility 37.5%BBVA: +38.7% a year, volatility 33.3%VLO: +44.2% a year, volatility 36.9%TRGP: +41.8% a year, volatility 31.7%FTI: +54.1% a year, volatility 41.3%AU: +40.4% a year, volatility 49.9%YPF: +60.7% a year, volatility 54.1%SBS: +39.1% a year, volatility 37.1%LRCX: +37.4% a year, volatility 49.9%WDC: +53.7% a year, volatility 53.5%VIST: +59.1% a year, volatility 50.7%IDCC: +39.0% a year, volatility 36.9%LAUR: +37.5% a year, volatility 32.8%KNSA: +50.2% a year, volatility 53.7%TRMD: +54.3% a year, volatility 45.9%BWLP: +60.3% a year, volatility 50.9%MIRM: +40.0% a year, volatility 51.8%OGC: +37.2% a year, volatility 52.9%ENVA: +37.8% a year, volatility 41.9%TNK: +50.5% a year, volatility 45.1%TSEM: +42.5% a year, volatility 52.2%STNG: +37.9% a year, volatility 43.6%TDW: +44.6% a year, volatility 54.1%CECO: +52.5% a year, volatility 53.9%PARR: +38.9% a year, volatility 50.6%LPG: +54.6% a year, volatility 43.6%DXPE: +39.0% a year, volatility 46.1%NRP: +37.4% a year, volatility 33.9%TEN: +46.9% a year, volatility 46.3%TK: +47.1% a year, volatility 41.7%PBT: +37.8% a year, volatility 47.2%NAT: +37.5% a year, volatility 50.5%ASC: +41.7% a year, volatility 44.8%GHM: +39.6% a year, volatility 50.9%AMD: +35.7% a year, volatility 57.6%SPY (S&P 500): +12.7% a year, volatility 17.1%DELL: +55.2% a year, volatility 54.4%MU: +68.1% a year, volatility 57.1%AVGO: +48.3% a year, volatility 44.5%NVDA: +58.0% a year, volatility 51.9%ASX: +48.8% a year, volatility 43.0%ANET: +49.0% a year, volatility 49.0%STX: +57.4% a year, volatility 48.7%KLAC: +38.7% a year, volatility 46.7%CIEN: +45.2% a year, volatility 52.6%LITE: +57.3% a year, volatility 64.5%CAH: +42.1% a year, volatility 24.7%FIX: +77.0% a year, volatility 46.7%LLY: +40.7% a year, volatility 32.8%RVMD: +48.8% a year, volatility 62.1%IBKR: +35.4% a year, volatility 35.4%STRL: +78.4% a year, volatility 60.0%BELFB: +78.0% a year, volatility 52.1%AMDSPY (S&P 500)DELLMUAVGONVDAASXKLACCIENLITECAHFIXLLYRVMDIBKRSTRL
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than AMD?

Investments that beat AMD over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat AMD over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks AMD's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than AMD follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than AMD's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× AMD's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than AMD's.

Screen the whole market against AMD for any period in BetterThanSPYOpen these 17 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with AMD?lower diversifies moreExpenseper year
AMDAdvanced Micro Devices, Inc. · this page
+35.7%57.6%0.82−65.5%+7,583%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.550.09%
Popular alternativesbest 4 shownThe investments people most often weigh against AMD. 4 of 19 passed at least one test.
DELLDell Technologies Inc. · Computer Hardware
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+55.2%54.4%1.08−59.6%+3,701%0.47—
MUMicron Technology, Inc. · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+68.1%57.1%1.20−57.6%+5,243%0.65—
AVGOBroadcom Inc. · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst decline+48.3%44.5%1.11−48.3%+2,380%0.46—
NVDANVIDIA Corporation · Semiconductors
Higher return, lower volatility+58.0%51.9%1.14−66.3%+13,019%0.59—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Semiconductors and the categories next to it (Semiconductor Equipment, Computer Hardware, Communications Equipment, Software), plus AMD's specific themes. 9 of 130 passed at least one test.
ASXASE Technology Holding Co., Ltd. · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+48.8%43.0%1.15−52.5%+967%0.73—
ANETArista Networks, Inc. · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst decline+49.0%49.0%1.06−52.2%+3,439%0.53—
STXSeagate Technology Holdings plc · Computer Hardware
Higher return, lower volatilityHigher Sharpe, smaller worst decline+57.4%48.7%1.18−57.0%+2,698%0.64—
KLACKLA Corporation · Semiconductor Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst decline+38.7%46.7%0.94−46.3%+2,534%0.55—
CIENCiena Corporation · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst decline+45.2%52.6%0.97−49.5%+1,600%0.31—
LITELumentum Holdings Inc. · Communications Equipment
Higher return in most periods+57.3%64.5%1.03−66.9%+1,904%0.17—
The whole marketbest 6 shownEvery other stock and fund worth at least $500 million. 84 of 3,484 passed at least one test.
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+42.1%24.7%1.55−46.1%+349%0.06—
FIXComfort Systems USA, Inc. · Engineering & Construction
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+77.0%46.7%1.46−49.7%+5,305%0.43—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst decline+40.7%32.8%1.21−34.5%+1,807%0.09—
RVMDRevolution Medicines, Inc. · Biotechnology
Higher return, similar volatilityHigher return in most periods+48.8%62.1%0.95−73.3%—0.28—
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Similar return, lower volatilityHigher Sharpe, smaller worst decline+35.4%35.4%1.04−55.1%+935%0.30—
STRLSterling Infrastructure, Inc. · Engineering & Construction
Higher return, similar volatilityHigher Sharpe, smaller worst decline+78.4%60.0%1.26−59.6%+5,213%0.49—
What these numbers mean for AMD
Annual return
AMD returned 35.7% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $45,900. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
AMD's volatility over the past 5 years was 57.6%, 3.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AMD's return lands within 57.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
AMD's Sharpe ratio over the past 5 years was 0.82, against 0.79 for the S&P 500, so AMD earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
AMD's worst fall from a peak to a low over the past 10 years was 65.5%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 65.5% fall takes a 189% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, AMD's monthly returns had a correlation of 0.55 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against AMD instead: the lower it is, the more that option would diversify a AMD holding. Guide: Correlation and diversification →
Show all 66 stocks and funds worth at least $500 million that earned more than AMD with less volatility

Out of 3,633 tested over 5 years. Best first; funds that hold the same thing are listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with AMDExpense
1
ASXASE Technology Holding Co., Ltd. · Semiconductors
Same or nearby category+48.8%43.0%1.15−52.5%+967%0.73—
2
DELLDell Technologies Inc. · Computer Hardware
Popular alternative+55.2%54.4%1.08−59.6%+3,701%0.47—
3
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.06—
4
FIXComfort Systems USA, Inc. · Engineering & Construction
Whole market+77.0%46.7%1.46−49.7%+5,305%0.43—
5
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+1,807%0.09—
6
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%-0.23—
7
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+56.5%40.5%1.31−57.4%—-0.01—
8
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+39.3%37.2%1.08−45.5%+2,045%0.43—
9
VSTVistra Corp. · Independent Power Producers
Whole market+53.4%48.6%1.13−53.3%+1,195%0.21—
10
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.8%34.6%1.15−35.4%+765%-0.07—
11
EMEEMCOR Group, Inc. · Engineering & Construction
Whole market+43.0%35.3%1.20−48.0%+1,202%0.32—
12
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Whole market+41.2%38.0%1.10−51.7%+1,569%0.12—
13
ANETArista Networks, Inc. · Communications Equipment
Same or nearby category+49.0%49.0%1.06−52.2%+3,439%0.53—
14
AVGOBroadcom Inc. · Semiconductors
Popular alternative+48.3%44.5%1.11−48.3%+2,380%0.46—
15
STXSeagate Technology Holdings plc · Computer Hardware
Same or nearby category+57.4%48.7%1.18−57.0%+2,698%0.64—
16
MLIMueller Industries, Inc. · Metal Fabrication
Whole market+38.9%33.4%1.16−53.0%+800%0.36—
17
FROFrontline Plc · Oil & Gas
Whole market+52.6%49.7%1.10−52.0%+1,194%0.06—
18
KLACKLA Corporation · Semiconductor Equipment
Same or nearby category+38.7%46.7%0.94−46.3%+2,534%0.55—
19
TTMITTM Technologies, Inc. · Electronic Components
Whole market+48.0%54.3%0.99−57.6%+707%0.52—
20
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+1,387%0.01—
21
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+51.8%37.5%1.31−71.7%+768%0.04—
22
JXNJackson Financial Inc. · Life Insurance
Whole market+41.7%43.3%1.03−48.4%—0.01—
23
CIENCiena Corporation · Communications Equipment
Same or nearby category+45.2%52.6%0.97−49.5%+1,600%0.31—
24
HWMHowmet Aerospace Inc. · Aerospace & Defense
Whole market+47.3%32.5%1.36−68.9%+1,028%0.12—
25
AGXArgan, Inc. · Engineering & Construction
Whole market+53.5%54.1%1.06−56.7%+700%0.17—
26
DHTDHT Holdings, Inc. · Marine Shipping
Whole market+38.7%39.0%1.04−39.7%+1,050%-0.04—
27
ATIATI Inc. · Metals & Mining
Whole market+61.8%42.9%1.34−82.4%+929%0.10—
28
PLPCPreformed Line Products Company · Electrical Equipment & Parts
Whole market+40.5%48.3%0.94−59.5%+827%0.38—
29
CRSCarpenter Technology Corporation · Metals & Mining
Whole market+63.9%46.5%1.30−74.7%+1,021%0.11—
30
CLMBClimb Global Solutions, Inc. · Technology Distributors
Whole market+37.8%45.5%0.94−53.4%+847%0.19—
31
PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+50.3%37.5%1.28−75.3%+674%0.01—
32
BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks
Whole market+38.7%33.3%1.16−69.6%+542%0.00—
33
VLOValero Energy Corporation · Oil & Gas
Whole market+44.2%36.9%1.18−71.9%+1,061%-0.02—
34
BELFBBel Fuse Inc. · Hardware, Equipment & Parts
Whole market+78.0%52.1%1.37−79.8%+872%0.38—
35
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+829%-0.11—
36
FTITechnipFMC plc · Oilfield Services
Whole market+54.1%41.3%1.26−85.8%+178%-0.05—
37
AUAngloGold Ashanti Plc · Gold Mining
Whole market+40.4%49.9%0.93−66.3%+681%0.01—
38
NVDANVIDIA Corporation · Semiconductors
Popular alternative+58.0%51.9%1.14−66.3%+13,019%0.59—
39
YPFYPF Sociedad Anónima · Integrated Oil & Gas
Whole market+60.7%54.1%1.14−90.1%+173%0.12—
40
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP · Water Utilities
Whole market+39.1%37.1%1.08−62.0%+293%0.06—
41
LRCXLam Research Corporation · Semiconductor Equipment
Same or nearby category+37.4%49.9%0.89−56.4%+2,989%0.65—
42
WDCWestern Digital Corporation · Computer Hardware
Same or nearby category+53.7%53.5%1.07−70.5%+911%0.61—
43
VISTVista Energy, S.A.B. de C.V. · Exploration & Production
Whole market+59.1%50.7%1.17−81.2%—0.10—
44
IDCCInterDigital, Inc. · Intellectual Property Licensing
Whole market+39.0%36.9%1.08−64.9%+395%0.16—
45
LAURLaureate Education, Inc. · Education Services
Whole market+37.5%32.8%1.14−64.5%—-0.23—
46
KNSAKiniksa Pharmaceuticals International, plc · Biotechnology
Whole market+50.2%53.7%1.02−83.1%—0.03—
47
TRMDTORM plc · Marine Shipping
Whole market+54.3%45.9%1.18−60.6%—0.04—
48
BWLPBW LPG Limited · Marine Shipping
Whole market+60.3%50.9%1.19−68.8%+2,672%0.10—
49
MIRMMirum Pharmaceuticals, Inc. · Biotechnology
Whole market+40.0%51.8%0.91−63.8%—0.00—
50
OGCOceanaGold Corporation · Gold Mining
Whole market+37.2%52.9%0.86−77.0%+176%-0.01—
51
ENVAEnova International, Inc. · Consumer Finance
Whole market+37.8%41.9%0.98−77.6%+1,819%0.21—
52
TNKTeekay Tankers Ltd. · Marine Shipping
Whole market+50.5%45.1%1.14−63.4%+490%0.04—
53
TSEMTower Semiconductor Ltd. · Semiconductors
Same or nearby category+42.5%52.2%0.93−62.3%+1,058%0.37—
54
STNGScorpio Tankers Inc. · Marine Shipping
Whole market+37.9%43.6%0.96−80.6%+126%0.01—
55
TDWTidewater Inc. · Oil & Gas Equipment & Services
Whole market+44.6%54.1%0.95−97.0%−20.0%-0.17—
56
CECOCECO Environmental Corp. · Industrial - Pollution & Treatment Controls
Whole market+52.5%53.9%1.05−74.1%+460%0.25—
57
PARRPar Pacific Holdings, Inc. · Oil & Gas
Whole market+38.9%50.6%0.91−76.4%+504%0.02—
58
LPGDorian LPG Ltd. · Oil & Gas Midstream
Whole market+54.6%43.6%1.22−62.9%+1,821%0.16—
59
DXPEDXP Enterprises, Inc. · Industrial - Distribution
Whole market+39.0%46.1%0.95−77.3%+610%0.12—
60
NRPNatural Resource Partners L.P. · Coal
Whole market+37.4%33.9%1.11−78.8%+632%-0.12—
61
TENTsakos Energy Navigation Limited · Oil & Gas Midstream
Whole market+46.9%46.3%1.07−68.7%+211%-0.04—
62
TKTeekay Corporation · Oil & Gas Midstream
Whole market+47.1%41.7%1.13−83.8%+244%0.12—
63
PBTPermian Basin Royalty Trust · Oil & Gas Midstream
Whole market+37.8%47.2%0.92−74.0%+717%0.10—
64
NATNordic American Tankers Limited · Marine Shipping
Whole market+37.5%50.5%0.89−80.9%+68.1%0.00—
65
ASCArdmore Shipping Corporation · Marine Shipping
Whole market+41.7%44.8%1.01−71.2%+259%0.00—
66
GHMGraham Corporation · Industrial - Machinery
Whole market+39.6%50.9%0.91−74.8%+314%0.20—

AMD against its popular alternatives

The investments people most often weigh against AMD, compared period by period and year by year.

How do AMD's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at AMD, which divides the map into what did better or worse on each measure.

Green points earned more than AMD with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAMD: 35.7% a year, volatility 57.6%SPY (S&P 500): 12.7% a year, volatility 17.1%DELL: 55.2% a year, volatility 54.4%MU: 68.2% a year, volatility 57.1%NVDA: 58.0% a year, volatility 51.9%AVGO: 48.3% a year, volatility 44.5%MRVL: 29.5% a year, volatility 65.2%MSFT: 12.5% a year, volatility 28.2%ADI: 19.5% a year, volatility 34.1%SWKS: −10.8% a year, volatility 42.9%MPWR: 20.9% a year, volatility 55.4%ASML: 17.3% a year, volatility 43.4%LSCC: 9.6% a year, volatility 56.3%TSM: 31.5% a year, volatility 38.5%AMZN: 9.0% a year, volatility 36.6%ON: 10.7% a year, volatility 55.9%TXN: 9.9% a year, volatility 33.7%QCOM: 8.2% a year, volatility 42.8%INTC: 12.4% a year, volatility 55.6%MCHP: 2.5% a year, volatility 45.9%NXPI: 5.7% a year, volatility 42.3%AMDSPY (S&P 500)DELLMUNVDAAVGOMRVLMSFTADISWKSMPWRASMLLSCCTSMAMZNONTXNQCOMMCHPNXPI10.0%20.0%30.0%40.0%50.0%60.0%70.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAMD: 35.7% a year, volatility 57.6%SPY (S&P 500): 12.7% a year, volatility 17.1%DELL: 55.2% a year, volatility 54.4%MU: 68.2% a year, volatility 57.1%NVDA: 58.0% a year, volatility 51.9%AVGO: 48.3% a year, volatility 44.5%MRVL: 29.5% a year, volatility 65.2%MSFT: 12.5% a year, volatility 28.2%ADI: 19.5% a year, volatility 34.1%SWKS: −10.8% a year, volatility 42.9%MPWR: 20.9% a year, volatility 55.4%ASML: 17.3% a year, volatility 43.4%LSCC: 9.6% a year, volatility 56.3%TSM: 31.5% a year, volatility 38.5%AMZN: 9.0% a year, volatility 36.6%ON: 10.7% a year, volatility 55.9%TXN: 9.9% a year, volatility 33.7%QCOM: 8.2% a year, volatility 42.8%INTC: 12.4% a year, volatility 55.6%MCHP: 2.5% a year, volatility 45.9%NXPI: 5.7% a year, volatility 42.3%AMDSPY (S&P 500)DELLMUNVDAAVGOMRVLADISWKSMPWRASMLLSCCTSMAMZNONQCOMMCHP
All figures
InvestmentAnnual returnVolatility
MU Micron Technology, Inc.+68.2%57.1%
NVDA NVIDIA Corporation+58.0%51.9%
DELL Dell Technologies Inc.+55.2%54.4%
AVGO Broadcom Inc.+48.3%44.5%
AMD This pageAdvanced Micro Devices, Inc.+35.7%57.6%
TSM Taiwan Semiconductor Manufacturing Company Limited+31.5%38.5%
MRVL Marvell Technology, Inc.+29.5%65.2%
MPWR Monolithic Power Systems, Inc.+20.9%55.4%
ADI Analog Devices, Inc.+19.5%34.1%
ASML ASML Holding N.V.+17.3%43.4%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
MSFT Microsoft Corporation+12.5%28.2%
INTC Intel Corp.+12.4%55.6%
ON ON Semiconductor Corporation+10.7%55.9%
TXN Texas Instruments Incorporated+9.9%33.7%
LSCC Lattice Semiconductor Corporation+9.6%56.3%
AMZN Amazon.com, Inc.+9.0%36.6%
QCOM QUALCOMM Incorporated+8.2%42.8%
NXPI NXP Semiconductors N.V.+5.7%42.3%
MCHP Microchip Technology Incorporated+2.5%45.9%
SWKS Skyworks Solutions, Inc.−10.8%42.9%
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Has AMD consistently beaten its popular alternatives?

This section compares AMD with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than AMD helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than AMD over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
AMD Advanced Micro Devices, Inc. (this page)—−13.1%+6.2%+94.5%+139%+122%+425%+359%+7,583%57.6%0.82−65.5%—$873B—
DELL QualifiedDell Technologies Inc.4/5 short2/3 long−19.6%+21.3%+127%+265%+217%+636%+800%+3,701%54.4%1.08−59.6%—$294B—
MU QualifiedMicron Technology, Inc.3/5 short2/3 long−14.2%+3.6%+99.9%+184%+334%+1,246%+1,244%+5,243%57.1%1.20−57.6%—$1.0T—
NVDA SemiconductorsNVIDIA Corporation1/5 short2/3 long−4.8%+6.6%+7.4%+14.9%+18.8%+425%+884%+13,019%51.9%1.14−66.3%—$5.2T—
AVGO SemiconductorsBroadcom Inc.1/5 short1/3 long−7.8%−11.4%−16.0%−3.3%−3.5%+305%+617%+2,380%44.5%1.11−48.3%—$1.6T—
MRVL SemiconductorsMarvell Technology, Inc.4/5 short0/3 long−6.6%+23.4%+62.7%+169%+181%+390%+264%+1,874%65.2%0.72−61.9%—$211B—
MSFT Software - InfrastructureMicrosoft Corporation2/5 short0/3 long+6.0%+32.5%+27.7%+13.2%+3.8%+66.6%+80.3%+946%28.2%0.56−37.1%—$3.9T—
ADI SemiconductorsAnalog Devices, Inc.2/5 short0/3 long+3.7%+6.9%+4.8%+46.3%+63.3%+150%+144%+652%34.1%0.69−33.6%—$192B—
SWKS SemiconductorsSkyworks Solutions, Inc.2/5 short0/3 long−8.4%+36.0%+37.9%+28.9%+10.2%−2.8%−43.5%+29.2%42.9%-0.05−72.9%—$12B—
MPWR SemiconductorsMonolithic Power Systems, Inc.1/5 short0/3 long−2.1%−5.9%−16.0%+34.0%+21.9%+204%+159%+1,659%55.4%0.62−51.6%—$61B—
ASML SemiconductorsASML Holding N.V.1/5 short0/3 long−4.7%−6.1%+10.8%+40.8%+57.5%+188%+123%+1,628%43.4%0.59−56.9%—$630B—
LSCC SemiconductorsLattice Semiconductor Corporation1/5 short0/3 long−8.4%−14.5%−9.6%+36.6%+52.8%+46.9%+58.3%+1,555%56.3%0.45−61.1%—$15B—
TSM SemiconductorsTaiwan Semiconductor Manufacturing Company Limited1/5 short0/3 long−4.5%+5.9%+16.6%+34.0%+44.3%+382%+293%+1,505%38.5%0.91−56.6%—$2.2T—
AMZN Specialty RetailAmazon.com, Inc.1/5 short0/3 long+1.6%+5.1%+5.8%+16.0%+21.3%+110%+53.8%+548%36.6%0.42−56.1%—$2.8T—
ON SemiconductorsON Semiconductor Corporation1/5 short0/3 long+5.4%−12.8%−11.6%+33.4%+37.8%−10.9%+66.0%+540%55.9%0.46−70.4%—$29B—
TXN SemiconductorsTexas Instruments Incorporated1/5 short0/3 long+2.6%−1.7%+20.1%+59.1%+58.7%+105%+60.5%+424%33.7%0.45−33.4%—$254B—
QCOM SemiconductorsQUALCOMM Incorporated1/5 short0/3 long−9.5%+3.7%+28.9%+3.2%+7.4%+72.4%+48.3%+239%42.8%0.40−44.3%—$188B—
INTC SemiconductorsIntel Corp.1/5 short0/3 long−24.7%−5.5%+39.6%+133%+141%+167%+79.8%+219%55.6%0.49−70.8%—$485B—
MCHP SemiconductorsMicrochip Technology Incorporated1/5 short0/3 long+1.4%−5.2%−4.6%+18.6%+16.0%+8.5%+13.0%+207%45.9%0.28−63.8%—$41B—
NXPI SemiconductorsNXP Semiconductors N.V.1/5 short0/3 long+2.2%−10.7%+8.2%+8.8%+10.0%+34.9%+31.9%+159%42.3%0.34−53.3%—$60B—
ALAB SemiconductorsAstera Labs, Inc. Common Stock0/5 short0/3 long−16.4%−7.9%+62.0%+58.6%+82.2%—————−63.7%—$49B—
ARM SemiconductorsArm Holdings plc American Depositary Shares0/5 short0/3 long−31.5%−18.0%+26.2%+92.7%+28.9%+362%————−54.0%—$236B—
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How did AMD do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where AMD ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with AMD and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of AMD; gray means the two finished within a fraction of a point. The rank row places AMD among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of AMD20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
AMD This pageAdvanced Micro Devices, Inc.—+77.3%−18.1%+128%−55.0%+56.9%+100.0%+148%+79.6%−9.3%+295%+7.5%−31.0%+61.3%−55.6%−34.0%−15.5%+348%−71.2%−63.1%−33.5%+39.0%+47.8%+131%−59.3%+14.8%−4.6%−0.2%+63.3%−31.1%
Rank among alternativesTop quarter in 11 of 293 of 2217 of 212 of 2019 of 206 of 204 of 202 of 201 of 2019 of 201 of 197 of 1919 of 195 of 1919 of 1918 of 1915 of 181 of 1716 of 1717 of 1717 of 174 of 173 of 164 of 1613 of 166 of 165 of 1413 of 137 of 1311 of 11
SPY S&P 500State Street SPDR S&P 500 ETF13 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
DELL Dell Technologies Inc.3 of 9+11.2%+53.0%+95.9%−26.6%+51.3%+42.6%+5.1%+8.6%+47.8%————————————————————
MU Micron Technology, Inc.14 of 29+240%−1.0%+71.9%−45.9%+24.2%+39.8%+69.5%−22.8%+87.6%+54.7%−59.5%+60.9%+243%+0.8%−21.6%−24.1%+301%−63.6%−48.0%+4.9%+7.8%−8.3%+38.2%−68.6%−12.7%−8.7%+53.8%+94.9%−10.9%
NVDA NVIDIA Corporation15 of 26+38.9%+171%+239%−50.2%+125%+122%+76.4%−30.8%+82.5%+228%+67.1%+27.4%+33.5%−11.0%−10.0%−17.6%+131%−76.3%+37.9%+102%+55.2%+1.6%+102%−82.8%+308%+39.6%———
AVGO Broadcom Inc.9 of 16+50.6%+110%+104%−13.3%+56.5%+45.0%+29.0%+2.2%+48.2%+23.6%+46.1%+93.4%+70.0%+12.0%+3.0%+55.4%—————————————
MRVL Marvell Technology, Inc.15 of 25−22.8%+83.8%+63.7%−57.5%+84.6%+80.3%+65.7%−23.6%+56.9%+60.5%−37.8%+2.5%+102%−46.7%−25.3%−10.6%+211%−52.3%−27.1%−31.6%+58.1%+87.1%+101%−47.2%+63.5%————
MSFT Microsoft Corporation16 of 29+15.6%+12.9%+58.2%−28.0%+52.5%+42.5%+57.6%+20.8%+40.8%+15.1%+22.7%+27.5%+44.3%+5.8%−4.5%−6.5%+60.5%−44.4%+20.8%+15.8%−1.0%+9.2%+6.2%−22.0%+52.8%−62.9%+68.4%+115%+56.5%
ADI Analog Devices, Inc.14 of 29+29.8%+8.8%+23.4%−4.9%+21.0%+26.9%+41.3%−1.6%+25.3%+35.0%+2.4%+12.2%+24.7%+21.2%−2.4%+22.7%+71.5%−38.0%−1.5%−6.7%−1.9%−18.7%+91.4%−46.2%−13.3%+10.1%+197%+13.3%+8.9%
SWKS Skyworks Solutions, Inc.12 of 29−25.5%−18.9%+26.5%−40.0%+2.7%+28.4%+84.1%−28.3%+28.7%−1.2%+6.7%+156%+40.6%+25.2%−43.4%+102%+156%−34.8%+20.2%+38.9%−45.9%+8.4%+0.9%−60.5%−41.1%+29.1%+139%+123%+104%
MPWR Monolithic Power Systems, Inc.12 of 21+54.4%−5.5%+79.8%−27.8%+35.5%+107%+54.8%+4.5%+38.2%+30.1%+30.0%+44.9%+55.6%+54.9%−8.8%−31.1%+90.1%−41.3%+93.3%−25.9%+61.2%————————
ASML ASML Holding N.V.15 of 29+55.8%−7.7%+39.9%−30.5%+64.1%+66.3%+93.2%−9.7%+56.5%+27.9%−17.1%+16.2%+46.9%+19.7%+10.4%+13.2%+90.9%−41.4%+22.3%+22.7%+26.1%−20.6%+140%−51.0%−24.4%−40.5%+273%−9.7%+171%
LSCC Lattice Semiconductor Corporation14 of 29+29.9%−17.9%+6.3%−15.8%+68.2%+139%+177%+19.7%−21.5%+13.8%−6.1%+25.5%+37.6%−32.8%−2.0%+124%+78.8%−53.5%−49.9%+50.0%−24.2%−41.1%+10.4%−57.4%+11.9%−22.0%+105%−3.0%+3.0%
TSM Taiwan Semiconductor Manufacturing Company Limited13 of 28+55.7%+92.0%+41.8%−37.0%+11.7%+91.6%+63.3%−4.3%+37.9%+31.2%+4.9%+31.1%+4.5%+37.7%+7.3%+14.9%+52.9%−16.1%−4.3%+18.9%+27.1%−4.2%+56.7%−54.8%+39.5%−51.0%+290%+13.4%—
AMZN Amazon.com, Inc.15 of 28+5.2%+44.4%+80.9%−49.6%+2.4%+76.3%+23.0%+28.4%+56.0%+10.9%+118%−22.2%+59.0%+45.0%−3.9%+33.7%+163%−44.7%+135%−16.5%+6.8%−16.0%+178%+74.6%−30.5%−79.6%+42.2%+968%—
ON ON Semiconductor Corporation12 of 25−14.1%−24.5%+33.9%−8.2%+108%+34.3%+47.7%−21.1%+64.1%+30.2%−3.3%+22.9%+16.9%−8.7%−21.9%+12.0%+159%−61.7%+17.3%+36.9%+21.8%−29.9%+373%−33.8%−60.6%————
TXN Texas Instruments Incorporated15 of 29−4.5%+13.1%+6.4%−9.9%+17.5%+31.7%+39.6%−7.2%+46.8%+36.7%+5.1%+25.1%+46.3%+7.9%−8.8%+27.0%+72.0%−52.8%+17.0%−9.8%+30.7%−15.9%+96.6%−46.2%−40.8%−1.8%+126%+90.7%+42.3%
QCOM QUALCOMM Incorporated14 of 29+13.8%+8.3%+35.1%−38.6%+22.3%+77.1%+60.8%−7.6%+1.1%+35.1%−30.6%+2.3%+22.4%+14.9%+12.3%+9.0%+31.1%−7.6%+5.5%−11.3%+2.5%+58.3%+49.1%−28.0%−38.5%−53.3%+2,621%+6.4%+27.2%
INTC Intel Corp.14 of 29+84.0%−59.6%+94.5%−46.6%+6.0%−14.7%+30.7%+4.2%+30.9%+8.7%−2.2%+44.3%+30.9%−12.0%+19.4%+6.3%+43.9%−43.5%+34.2%−17.2%+8.1%−26.6%+107%−50.3%+4.9%−26.9%+39.1%+69.0%+7.4%
MCHP Microchip Technology Incorporated13 of 29+14.6%−34.9%+30.9%−18.0%+27.5%+33.7%+48.1%−16.7%+39.5%+41.6%+6.3%+4.0%+42.4%−7.1%+10.3%+24.6%+57.8%−34.8%−0.7%+4.4%+22.6%−19.9%+36.8%−5.1%+76.5%−27.9%+85.0%+23.6%−11.6%
NXPI NXP Semiconductors N.V.8 of 15+6.4%−8.0%+48.4%−29.2%+44.8%+26.6%+75.7%−37.0%+19.5%+16.3%+10.3%+66.3%+74.5%+71.2%−26.6%——————————————
ALAB Astera Labs, Inc. Common Stock0 of 1+25.6%————————————————————————————
ARM Arm Holdings plc American Depositary Shares1 of 2−11.4%+64.1%———————————————————————————
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Risk and diversification

How AMD has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were AMD's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents AMD's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means AMD fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringAMD fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−96.6%+85.2%Jun 2000Jul 201515.1 yearsJan 20204.5 years
No named crash−84.8%—Oct 1987Oct 19903 yearsApr 19932.5 years
No named crash−73.0%+17.6%Jun 1995Jul 199613 monthsMar 19978 months
No named crash−72.6%+23.7%Mar 1997Aug 199817 monthsMar 200019 months
2022 bear market−65.5%−21.9%Nov 2021Oct 202211 monthsJan 202415 months

How did AMD do in stock market crashes?

This section measures how far AMD, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than AMD.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
AMD This pageAdvanced Micro Devices, Inc.—−3.9%−60.1%−34.3%−48.9%−9.9%−40.0%−41.5%0.0%−87.6%−93.3%
SPY S&P 500State Street SPDR S&P 500 ETF9 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
DELL Dell Technologies Inc.3 of 5−5.7%−43.6%−45.9%−28.6%−7.4%—————
MU Micron Technology, Inc.5 of 10−5.3%−49.6%−42.5%−36.6%−8.8%−49.4%−46.5%−2.0%−84.2%−87.8%
NVDA NVIDIA Corporation5 of 10−5.0%−60.7%−37.5%−55.9%−8.5%−25.3%−23.8%−1.7%−85.1%−89.7%
AVGO Broadcom Inc.6 of 8−2.8%−34.3%−46.8%−15.2%−4.5%−21.6%−26.7%0.0%——
MRVL Marvell Technology, Inc.7 of 9−12.0%−56.8%−31.6%−26.1%−7.5%−37.6%−23.1%0.0%−74.3%—
MSFT Microsoft Corporation9 of 10−2.0%−31.0%−27.7%−18.2%−7.4%−14.4%−14.1%−2.6%−57.9%−62.9%
ADI Analog Devices, Inc.9 of 10−2.6%−22.6%−33.6%−18.1%−7.2%−22.7%−18.6%−1.2%−55.0%−82.0%
SWKS Skyworks Solutions, Inc.7 of 10−3.0%−50.0%−43.0%−32.3%−5.3%−38.6%−37.2%−3.4%−66.0%−95.7%
MPWR Monolithic Power Systems, Inc.6 of 9−5.1%−39.7%−27.9%−21.4%−9.8%−18.1%−32.0%−5.4%−72.3%—
ASML ASML Holding N.V.8 of 10−2.9%−48.4%−37.9%−24.4%−7.5%−22.1%−17.7%−2.7%−64.1%−90.0%
LSCC Lattice Semiconductor Corporation7 of 10−5.1%−39.9%−30.5%−36.0%−10.2%−36.2%−27.4%−6.5%−75.4%−89.5%
TSM Taiwan Semiconductor Manufacturing Company Limited8 of 10−3.9%−54.3%−23.3%−21.4%−9.3%−13.2%−15.7%0.0%−48.0%−82.4%
AMZN Amazon.com, Inc.9 of 10−3.4%−39.6%−22.7%−33.2%−7.1%−30.6%−20.7%−2.9%−65.3%−91.8%
ON ON Semiconductor Corporation5 of 9−6.4%−34.0%−59.6%−23.7%−12.2%−39.2%−28.5%0.0%−80.0%—
TXN Texas Instruments Incorporated9 of 10−2.6%−21.7%−29.8%−19.5%−9.3%−18.4%−21.6%−1.3%−61.4%−85.4%
QCOM QUALCOMM Incorporated8 of 10−5.6%−41.5%−32.2%−26.8%−6.6%−30.7%−19.2%−0.5%−48.0%−84.9%
INTC Intel Corp.9 of 10−1.0%−54.1%−33.5%−13.0%−6.7%−19.7%−16.2%−0.9%−55.2%−82.3%
MCHP Microchip Technology Incorporated6 of 10−3.8%−35.3%−49.0%−25.9%−14.4%−18.6%−12.7%−0.4%−55.2%−58.7%
NXPI NXP Semiconductors N.V.5 of 7−4.2%−38.8%−52.0%−27.4%−4.0%−35.5%−39.8%———
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How closely does AMD move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares AMD with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than AMD's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
AMD This pageAdvanced Micro Devices, Inc.254%179%1.422.25
DELL Dell Technologies Inc.154%43%3.591.13
AVGO Broadcom Inc.158%86%1.851.19
TSM Taiwan Semiconductor Manufacturing Company Limited138%75%1.841.15
MU Micron Technology, Inc.204%114%1.791.75
NVDA NVIDIA Corporation248%140%1.771.83
LSCC Lattice Semiconductor Corporation156%102%1.521.45
MPWR Monolithic Power Systems, Inc.156%107%1.461.31
MRVL Marvell Technology, Inc.167%116%1.441.68
MSFT Microsoft Corporation127%91%1.390.96
ASML ASML Holding N.V.170%132%1.291.44
ADI Analog Devices, Inc.117%92%1.261.20
TXN Texas Instruments Incorporated113%108%1.041.18
INTC Intel Corp.98%100%0.981.43
AMZN Amazon.com, Inc.134%139%0.961.31
ON ON Semiconductor Corporation161%185%0.871.95
QCOM QUALCOMM Incorporated115%139%0.831.51
MCHP Microchip Technology Incorporated127%170%0.751.72
NXPI NXP Semiconductors N.V.115%157%0.731.63
SWKS Skyworks Solutions, Inc.88%149%0.591.31
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What diversifies AMD?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with AMD's. Because such investments tend not to fall at the same time, pairing AMD with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which AMD lost money. The last two columns show a portfolio that is 80% AMD and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2024202220172014201220112010200820072006200220001999199780/20 mix volatility80/20 mix annual return
AMD Advanced Micro Devices, Inc. (this page)1.00+359%0.82−18.1%−55.0%−9.3%−31.0%−55.6%−34.0%−15.5%−71.2%−63.1%−33.5%−59.3%−4.6%−0.2%−31.1%69.4%+42.8%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.05+119%1.48+15.9%+3.8%+10.0%———————————55.6%+41.4%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.22+225%1.34+29.8%+6.0%+22.8%+8.1%+19.6%−16.1%−1.8%−20.8%−7.4%—————56.1%+43.5%
PJUL Broad MarketInnovator U.S. Equity Power Buffer ETF0.45+64.4%1.20+13.8%−2.1%————————————56.3%+39.5%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.03+101%1.04+33.4%+10.4%+1.1%+23.8%——————————55.7%+41.1%
HDV Dividend & IncomeiShares Core High Dividend ETF0.00+83.3%1.00+14.1%+7.1%+13.5%+12.6%+9.6%—————————55.6%+40.4%
FTLS Broad MarketFirst Trust Long/Short Equity ETF0.46+62.9%0.99+18.8%−5.6%+14.4%———————————56.3%+39.5%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.37+85.0%0.96+13.4%−5.1%+16.7%+3.4%+20.9%—————————56.4%+40.2%
GLD CommoditiesSPDR Gold Shares-0.09+126%0.96+26.7%−0.8%+12.8%−2.2%+6.6%+9.6%+29.3%+4.9%+30.4%+22.6%————55.3%+42.2%

Stocks

InvestmentCorrelation5Y returnSharpe2024202220172014201220112010200820072006200220001999199780/20 mix volatility80/20 mix annual return
AMD Advanced Micro Devices, Inc. (this page)1.00+359%0.82−18.1%−55.0%−9.3%−31.0%−55.6%−34.0%−15.5%−71.2%−63.1%−33.5%−59.3%−4.6%−0.2%−31.1%69.4%+42.8%
CAH Medical - DistributionCardinal Health, Inc.0.06+479%1.55+19.0%+54.1%−12.7%+23.0%+3.8%+8.1%+21.4%−39.6%−9.8%−5.8%−8.3%+108%−36.8%+29.1%56.1%+46.6%
CLS Hardware, Equipment & PartsCelestica Inc.0.43+3,143%1.47+215%+1.3%−11.6%+12.9%+11.2%−24.4%+2.8%−20.5%−25.7%−26.0%−65.1%−2.3%+350%—61.5%+59.3%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.43+1,636%1.46+107%+17.0%+32.1%−10.4%+15.7%−17.0%+8.7%−15.2%+2.1%+38.9%−9.4%−71.1%−58.7%—59.9%+55.0%
MCK Medical - DistributionMcKesson Corporation-0.23+413%1.44+23.7%+51.8%+12.0%+29.3%+25.6%+11.8%+13.8%−40.4%+29.7%−1.2%−27.2%+61.2%−71.3%+96.3%54.6%+46.8%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.01+690%1.41−4.0%+86.6%+34.8%+0.4%+94.3%—————————56.0%+49.3%
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Common questions

What was AMD's worst drawdown?

AMD's deepest decline since it began trading in 1986 was 96.6%, from June 2000 to July 2015. It took about four years from the low to climb back to its old high.

What were AMD's best and worst years?

Over 29 full calendar years, AMD's best year was 2009, when it returned 348%. Its worst was 2008, with a return of -71.2%.

Is there a better investment than AMD?

Among AMD's popular alternatives, DELL, AVGO and NVDA earned more than AMD with less volatility over the past 5 years. DELL returned 55.2% a year at 54.4% volatility, against 35.7% a year at 57.6%. Looking beyond its popular alternatives, ASX (semiconductors) and ANET (communications equipment) earned more than AMD with less volatility over the past 5 years. ASX returned 48.8% a year at 43.0% volatility, against 35.7% a year at 57.6%.

Is AMD more volatile than the S&P 500?

Yes. AMD's volatility over the past 5 years was 57.6%, 3.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AMD's return lands within 57.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is AMD's Sharpe ratio?

AMD's Sharpe ratio over the past 5 years was 0.82, against 0.79 for the S&P 500, so AMD earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is AMD with the S&P 500?

Over the past 5 years, AMD's monthly returns had a correlation of 0.55 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against AMD instead: the lower it is, the more that option would diversify a AMD holding.

What are the best alternatives to AMD?

Of the 21 popular alternatives we compared, two outperformed AMD in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: DELL and MU.

Did AMD outperform the S&P 500?

AMD finished ahead of the S&P 500 (SPY) in 16 of 29 full calendar years. In 2025, it returned +77.3%, against +17.7% for the index.

How did AMD do in stock market crashes?

AMD fell less than the S&P 500 (SPY) in one of the ten major crashes it has traded through, and further in nine. The clearest case was the dot-com bust, when AMD fell 93.3% and the S&P 500 fell 47.5%.

What diversifies AMD?

These had a low correlation with AMD over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.05), DXJ (correlation 0.22) and PJUL (correlation 0.45); among large stocks, CAH (correlation 0.06), CLS (correlation 0.43) and FIX (correlation 0.43). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to AMD