AMD vs. CIEN
AMD (Advanced Micro Devices, Inc.) and CIEN (Ciena Corporation) are both stocks. Both are in the Technology sector — AMD in Semiconductors, CIEN in Communication Equipment. Over the past 10 years, AMD returned 60.93%/yr vs 35.80%/yr for CIEN. At a 0.38 correlation, their price movements are largely independent.
Performance
AMD vs. CIEN - Performance Comparison
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Returns By Period
In the year-to-date period, AMD achieves a 138.87% return, which is significantly higher than CIEN's 90.70% return. Over the past 10 years, AMD has outperformed CIEN with an annualized return of 60.93%, while CIEN has yielded a comparatively lower 35.80% annualized return.
AMD
- 1D
- 4.73%
- 1M
- 20.62%
- YTD
- 138.87%
- 6M
- 142.70%
- 1Y
- 340.40%
- 3Y*
- 60.16%
- 5Y*
- 44.46%
- 10Y*
- 60.93%
CIEN
- 1D
- 0.17%
- 1M
- -19.56%
- YTD
- 90.70%
- 6M
- 104.17%
- 1Y
- 518.04%
- 3Y*
- 119.10%
- 5Y*
- 49.92%
- 10Y*
- 35.80%
AMD vs. CIEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMD Advanced Micro Devices, Inc. | 138.87% | 77.30% | -18.06% | 127.59% | -54.99% | 56.91% | 99.98% | 148.43% | 79.57% | -9.35% |
CIEN Ciena Corporation | 90.70% | 175.76% | 88.42% | -11.71% | -33.77% | 45.64% | 23.80% | 25.89% | 62.02% | -14.26% |
Correlation
The correlation between AMD and CIEN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 1997 | 0.38 |
The correlation between AMD and CIEN shifts across timeframes, from 0.38 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AMD:
$844.09B
CIEN:
$65.25B
AMD:
$3.05
CIEN:
$3.01
AMD:
167.75
CIEN:
148.07
AMD:
22.43
CIEN:
11.65
AMD:
13.09
CIEN:
22.56
AMD:
$37.45B
CIEN:
$5.57B
AMD:
$18.83B
CIEN:
$2.40B
AMD:
$7.17B
CIEN:
$670.55M
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Return for Risk
AMD vs. CIEN — Risk / Return Rank
AMD
CIEN
AMD vs. CIEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advanced Micro Devices, Inc. (AMD) and Ciena Corporation (CIEN). 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.
| AMD | CIEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.72 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 12.04 | 16.49 | -4.45 |
| Martin ratioReturn relative to average drawdown | 24.74 | 76.44 | -51.70 |
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Drawdowns
AMD vs. CIEN - Drawdown Comparison
The maximum AMD drawdown since its inception was -96.59%, roughly equal to the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for AMD and CIEN.
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Drawdown Indicators
| AMD | CIEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -99.51% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -27.76% | -30.68% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -63.00% | -45.51% | -17.49% |
Max Drawdown (5Y)Largest decline over 5 years | -65.45% | -49.54% | -15.91% |
Max Drawdown (10Y)Largest decline over 10 years | -65.45% | -49.54% | -15.91% |
Current DrawdownCurrent decline from peak | -5.70% | -57.38% | +51.68% |
Average DrawdownAverage peak-to-trough decline | -56.65% | -87.08% | +30.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.48% | 6.61% | +6.87% |
Volatility
AMD vs. CIEN - Volatility Comparison
The current volatility for Advanced Micro Devices, Inc. (AMD) is 22.71%, while Ciena Corporation (CIEN) has a volatility of 24.81%. This indicates that AMD experiences smaller price fluctuations and is considered to be less risky than CIEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMD | CIEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.71% | 24.81% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 56.12% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.74% | 66.74% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.71% | 48.55% | +7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.99% | 44.35% | +12.64% |
Dividends
AMD vs. CIEN - Dividend Comparison
Neither AMD nor CIEN has paid dividends to shareholders.
Financials
AMD vs. CIEN - Financials Comparison
This section allows you to compare key financial metrics between Advanced Micro Devices, Inc. and Ciena Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AMD vs. CIEN - Profitability Comparison
AMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Advanced Micro Devices, Inc. reported a gross profit of 5.42B and revenue of 10.25B. Therefore, the gross margin over that period was 52.8%.
CIEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a gross profit of 691.55M and revenue of 1.57B. Therefore, the gross margin over that period was 44.0%.
AMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Advanced Micro Devices, Inc. reported an operating income of 1.48B and revenue of 10.25B, resulting in an operating margin of 14.4%.
CIEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported an operating income of 237.87M and revenue of 1.57B, resulting in an operating margin of 15.1%.
AMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Advanced Micro Devices, Inc. reported a net income of 1.38B and revenue of 10.25B, resulting in a net margin of 13.5%.
CIEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a net income of 218.22M and revenue of 1.57B, resulting in a net margin of 13.9%.
Frequently Asked Questions
AMD and CIEN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIEN has higher volatility (24.81%) compared to AMD (22.71%). In terms of maximum drawdown, AMD dropped -96.59% vs CIEN's -99.51%.
CIEN currently has the higher Sharpe Ratio (7.58 vs 5.01), 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.
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