AMAT vs. ^GSPC

Last updated Apr 4, 2026

Compare and contrast key facts about Applied Materials, Inc. (AMAT) and S&P 500 Index (^GSPC).

Performance

AMAT vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Materials, Inc. (AMAT) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

AMAT vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMAT Applied Materials, Inc.	35.77%	59.60%	1.13%	67.97%	-37.54%	83.64%	43.29%	89.86%	-34.92%	59.86%
^GSPC S&P 500 Index	-3.84%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, AMAT achieves a 35.77% return, which is significantly higher than ^GSPC's -3.84% return. Over the past 10 years, AMAT has outperformed ^GSPC with an annualized return of 33.82%, while ^GSPC has yielded a comparatively lower 12.29% annualized return.

AMAT

• 1D: -1.51%
• 1M: -2.60%
• YTD: 35.77%
• 6M: 60.71%
• 1Y: 159.45%
• 3Y*: 42.99%
• 5Y*: 20.77%
• 10Y*: 33.82%

^GSPC

• 1D: 0.11%
• 1M: -4.18%
• YTD: -3.84%
• 6M: -1.98%
• 1Y: 21.98%
• 3Y*: 16.86%
• 5Y*: 10.37%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AMAT vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMAT

AMAT Risk / Return Rank: 94
AMAT Sharpe Ratio Rank: 95
AMAT Sortino Ratio Rank: 91
AMAT Omega Ratio Rank: 91
AMAT Calmar Ratio Rank: 96
AMAT Martin Ratio Rank: 95

^GSPC

^GSPC Risk / Return Rank: 62
^GSPC Sharpe Ratio Rank: 59
^GSPC Sortino Ratio Rank: 61
^GSPC Omega Ratio Rank: 64
^GSPC Calmar Ratio Rank: 54
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMAT vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AMAT	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.82	0.88	+1.94
Sortino ratio Return per unit of downside risk	3.06	1.37	+1.69
Omega ratio Gain probability vs. loss probability	1.43	1.21	+0.22
Calmar ratio Return relative to maximum drawdown	6.62	1.39	+5.23
Martin ratio Return relative to average drawdown	18.28	6.43	+11.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMAT vs. ^GSPC - Sharpe Ratio Comparison

The current AMAT Sharpe Ratio is 2.82, which is higher than the ^GSPC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of AMAT and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMAT	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	0.88	+1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.62	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.68	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.46	-0.05

Correlation

The correlation between AMAT and ^GSPC is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

AMAT vs. ^GSPC - Drawdown Comparison

The maximum AMAT drawdown since its inception was -85.22%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AMAT and ^GSPC.

Drawdown Indicators

	AMAT	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-85.22%	-56.78%	-28.44%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-9.10%	-12.27%
Max Drawdown (5Y) Largest decline over 5 years	-55.14%	-25.43%	-29.71%
Max Drawdown (10Y) Largest decline over 10 years	-55.14%	-33.92%	-21.22%
Current Drawdown Current decline from peak	-11.77%	-5.67%	-6.10%
Average Drawdown Average peak-to-trough decline	-38.96%	-10.75%	-28.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	2.62%	+5.11%

Volatility

AMAT vs. ^GSPC - Volatility Comparison

Applied Materials, Inc. (AMAT) has a higher volatility of 16.49% compared to S&P 500 Index (^GSPC) at 5.29%. This indicates that AMAT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMAT	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.49%	5.29%	+11.20%
Volatility (6M) Calculated over the trailing 6-month period	34.64%	9.55%	+25.09%
Volatility (1Y) Calculated over the trailing 1-year period	49.24%	18.33%	+30.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.22%	16.90%	+26.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.40%	18.04%	+24.36%