ASA vs. AMD

Last updated Jun 13, 2026

ASA (ASA Gold and Precious Metals Limited) and AMD (Advanced Micro Devices, Inc.) are both stocks. ASA operates in Asset Management (Financial Services), while AMD operates in Semiconductors (Technology). Over the past 10 years, ASA returned 16.16%/yr vs 60.93%/yr for AMD. At a 0.08 correlation, their price movements are largely independent.

Performance

ASA vs. AMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASA Gold and Precious Metals Limited (ASA) and Advanced Micro Devices, Inc. (AMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASA achieves a -3.76% return, which is significantly lower than AMD's 138.87% return. Over the past 10 years, ASA has underperformed AMD with an annualized return of 16.16%, while AMD has yielded a comparatively higher 60.93% annualized return.

ASA

• 1D: 3.28%
• 1M: -11.35%
• YTD: -3.76%
• 6M: -0.75%
• 1Y: 67.58%
• 3Y*: 55.51%
• 5Y*: 18.92%
• 10Y*: 16.16%

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%

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

ASA vs. AMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASA ASA Gold and Precious Metals Limited	-3.76%	195.60%	34.55%	5.38%	-32.06%	-3.48%	60.65%	44.35%	-16.18%	2.89%
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%

Correlation

The correlation between ASA and AMD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 21, 1983	0.08

The correlation between ASA and AMD shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ASA : $1.08B AMD : $844.09B
EPS ASA : $42.09 AMD : $3.05
PE Ratio ASA : 1.36 AMD : 167.75
PEG Ratio ASA : 0.00 AMD : 4.48
PS Ratio ASA : 7.87 AMD : 22.43
PB Ratio ASA : 0.98 AMD : 13.09
Total Revenue (TTM) ASA : $137.30M AMD : $37.45B
Gross Profit (TTM) ASA : $3.98M AMD : $18.83B
EBITDA (TTM) ASA : $444.29M AMD : $7.17B

Return for Risk

ASA vs. AMD — Risk / Return Rank

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

ASA

ASA Risk / Return Rank: 78
ASA Sharpe Ratio Rank: 83
ASA Sortino Ratio Rank: 75
ASA Omega Ratio Rank: 76
ASA Calmar Ratio Rank: 77
ASA Martin Ratio Rank: 79

AMD

AMD Risk / Return Rank: 98
AMD Sharpe Ratio Rank: 99
AMD Sortino Ratio Rank: 97
AMD Omega Ratio Rank: 96
AMD Calmar Ratio Rank: 98
AMD Martin Ratio Rank: 97

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.

ASA vs. AMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASA Gold and Precious Metals Limited (ASA) and Advanced Micro Devices, Inc. (AMD). 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.

	ASA	AMD	Difference
Sharpe ratio: Return per unit of total volatility	1.48	5.01	-3.54
Sortino ratio: Return per unit of downside risk	1.88	4.54	-2.66
Omega ratio: Gain probability vs. loss probability	1.25	1.60	-0.35
Calmar ratio: Return relative to maximum drawdown	2.04	12.04	-10.00
Martin ratio: Return relative to average drawdown	5.57	24.74	-19.17

ASA vs. AMD - Sharpe Ratio Comparison

The current ASA Sharpe Ratio is 1.48, which is lower than the AMD Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of ASA and AMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASA vs. AMD - Drawdown Comparison

The maximum ASA drawdown since its inception was -80.36%, smaller than the maximum AMD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for ASA and AMD.

Drawdown Indicators

	ASA	AMD	Difference
Max Drawdown Largest peak-to-trough decline	-80.36%	-96.59%	+16.23%
Max Drawdown (1Y) Largest decline over 1 year	-35.50%	-27.76%	-7.74%
Max Drawdown (3Y) Largest decline over 3 years	-35.50%	-63.00%	+27.50%
Max Drawdown (5Y) Largest decline over 5 years	-48.93%	-65.45%	+16.52%
Max Drawdown (10Y) Largest decline over 10 years	-51.66%	-65.45%	+13.79%
Current Drawdown Current decline from peak	-29.36%	-5.70%	-23.66%
Average Drawdown Average peak-to-trough decline	-42.53%	-56.65%	+14.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.97%	13.48%	-0.51%

Volatility

ASA vs. AMD - Volatility Comparison

The current volatility for ASA Gold and Precious Metals Limited (ASA) is 18.26%, while Advanced Micro Devices, Inc. (AMD) has a volatility of 22.71%. This indicates that ASA experiences smaller price fluctuations and is considered to be less risky than AMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASA	AMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.26%	22.71%	-4.45%
Volatility (6M) Calculated over the trailing 6-month period	40.96%	50.12%	-9.16%
Volatility (1Y) Calculated over the trailing 1-year period	49.02%	66.74%	-17.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.54%	55.71%	-20.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.56%	56.99%	-21.43%

Dividends

ASA vs. AMD - Dividend Comparison

ASA's dividend yield for the trailing twelve months is around 0.12%, while AMD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMD Advanced Micro Devices, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASA ASA Gold and Precious Metals Limited	0.12%	0.10%	0.20%	0.13%	0.14%	0.09%	0.09%	0.15%	0.32%	0.35%	0.36%	0.56%

Financials

Frequently Asked Questions

Can I hold both ASA and AMD in my portfolio?

ASA and AMD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASA or AMD?

AMD has higher volatility (22.71%) compared to ASA (18.26%). In terms of maximum drawdown, ASA dropped -80.36% vs AMD's -96.59%.

Which has better risk-adjusted returns?

AMD currently has the higher Sharpe Ratio (5.01 vs 1.48), 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.