AMAT vs. USD
AMAT (Applied Materials, Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, AMAT returned 38.86%/yr vs 60.21%/yr for USD. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
AMAT vs. USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMAT achieves a 121.28% return, which is significantly higher than USD's 86.87% return. Over the past 10 years, AMAT has underperformed USD with an annualized return of 38.86%, while USD has yielded a comparatively higher 60.21% annualized return.
AMAT
- 1D
- 2.64%
- 1M
- 28.92%
- YTD
- 121.28%
- 6M
- 119.38%
- 1Y
- 234.96%
- 3Y*
- 60.05%
- 5Y*
- 34.02%
- 10Y*
- 38.86%
USD
- 1D
- 2.08%
- 1M
- -6.17%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 222.89%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
AMAT vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 121.28% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
USD ProShares Ultra Semiconductors | 86.87% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between AMAT and USD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.80 |
The correlation between AMAT and USD shifts across timeframes, from 0.67 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMAT vs. USD — Risk / Return Rank
AMAT
USD
AMAT vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) and ProShares Ultra Semiconductors (USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMAT | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.41 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | 6.58 | +4.09 |
| Martin ratioReturn relative to average drawdown | 30.41 | 18.43 | +11.98 |
Loading charts...
Drawdowns
AMAT vs. USD - Drawdown Comparison
The maximum AMAT drawdown since its inception was -85.22%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for AMAT and USD.
Loading charts...
Drawdown Indicators
| AMAT | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.22% | -88.63% | +3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -31.80% | +10.43% |
Max Drawdown (3Y)Largest decline over 3 years | -49.88% | -64.46% | +14.58% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -77.85% | +22.71% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | -77.85% | +22.71% |
Current DrawdownCurrent decline from peak | 0.00% | -13.67% | +13.67% |
Average DrawdownAverage peak-to-trough decline | -38.78% | -32.32% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 11.34% | -3.85% |
Volatility
AMAT vs. USD - Volatility Comparison
The current volatility for Applied Materials, Inc. (AMAT) is 20.52%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.56%. This indicates that AMAT experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMAT | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.52% | 29.56% | -9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 38.83% | 52.44% | -13.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.03% | 65.34% | -16.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.20% | 77.19% | -32.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.94% | 69.61% | -26.67% |
Dividends
AMAT vs. USD - Dividend Comparison
AMAT's dividend yield for the trailing twelve months is around 0.34%, more than USD's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.34% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
AMAT and USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.56%) compared to AMAT (20.52%). In terms of maximum drawdown, AMAT dropped -85.22% vs USD's -88.63%.
AMAT currently has the higher Sharpe Ratio (4.65 vs 3.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AMAT and USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer