SPCE vs. AMD

Last updated Aug 1, 2026

SPCE (Virgin Galactic Holdings, Inc.) and AMD (Advanced Micro Devices, Inc.) are both stocks. SPCE operates in Aerospace & Defense (Industrials), while AMD operates in Semiconductors (Technology). Over the past 5 years, SPCE returned -66.45%/yr vs 35.00%/yr for AMD. Their 0.34 correlation means their historical movements had little consistent relationship.

Performance

SPCE vs. AMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virgin Galactic Holdings, Inc. (SPCE) 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, SPCE achieves a -20.56% return, which is significantly lower than AMD's 122.33% return.

SPCE

• 1D: -0.39%
• 1M: -5.56%
• 6M: -10.53%
• YTD: -20.56%
• 1Y: -30.71%
• 3Y*: -68.65%
• 5Y*: -66.45%
• 10Y*: —
• ALL TIME*: -48.83%

AMD

• 1D: -1.90%
• 1M: -8.05%
• 6M: 101.14%
• YTD: 122.33%
• 1Y: 177.32%
• 3Y*: 59.38%
• 5Y*: 35.00%
• 10Y*: 54.21%
• ALL TIME*: 9.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMD Advanced Micro Devices, Inc.	$14.68B	$14.29B	$16.05B
SPCE Virgin Galactic Holdings, Inc.	$18.27M	$25.67M	$142.91M

SPCE vs. AMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPCE Virgin Galactic Holdings, Inc.	-20.56%	-45.41%	-88.00%	-29.60%	-73.99%	-43.62%	105.45%	-2.04%
AMD Advanced Micro Devices, Inc.	122.33%	77.30%	-18.06%	127.59%	-54.99%	56.91%	99.98%	40.20%

Correlation

The correlation between SPCE and AMD is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019	0.34

The correlation between SPCE and AMD shifts across timeframes, from 0.26 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SPCE : $159.07M AMD : $776.41B
EPS SPCE : -$3.83 AMD : $3.04
PS Ratio SPCE : 131.70 AMD : 20.93
PB Ratio SPCE : 0.91 AMD : 12.19
Total Revenue (TTM) SPCE : $1.31M AMD : $37.45B
Gross Profit (TTM) SPCE : -$50.86M AMD : $18.83B
EBITDA (TTM) SPCE : -$235.21M AMD : $7.17B

Return for Risk

SPCE vs. AMD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPCE

SPCE Risk / Return Rank: 33
SPCE Sharpe Ratio Rank: 31
SPCE Sortino Ratio Rank: 41
SPCE Omega Ratio Rank: 41
SPCE Calmar Ratio Rank: 27
SPCE Martin Ratio Rank: 26

AMD

AMD Risk / Return Rank: 94
AMD Sharpe Ratio Rank: 95
AMD Sortino Ratio Rank: 92
AMD Omega Ratio Rank: 91
AMD Calmar Ratio Rank: 97
AMD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPCE vs. AMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virgin Galactic Holdings, Inc. (SPCE) 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.

	SPCE	AMD	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	2.40	-2.70
Sortino ratio: Return per unit of downside risk	0.30	2.98	-2.69
Omega ratio: Gain probability vs. loss probability	1.04	1.37	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.49	6.16	-6.65
Martin ratio: Return relative to average drawdown	-0.87	12.22	-13.09

SPCE vs. AMD - Sharpe Ratio Comparison

The current SPCE Sharpe Ratio is -0.30, which is lower than the AMD Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SPCE 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

SPCE vs. AMD - Drawdown Comparison

The maximum SPCE drawdown since its inception was -99.82%, roughly equal to the maximum AMD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for SPCE and AMD.

Drawdown Indicators

	SPCE	AMD	Difference
Max Drawdown Largest peak-to-trough decline	-99.82%	-96.59%	-3.23%
Max Drawdown (1Y) Largest decline over 1 year	-67.82%	-27.76%	-40.06%
Max Drawdown (3Y) Largest decline over 3 years	-97.08%	-63.00%	-34.08%
Max Drawdown (5Y) Largest decline over 5 years	-99.69%	-65.45%	-34.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-65.45%	—
Current Drawdown Current decline from peak	-99.79%	-18.03%	-81.76%
Average Drawdown Average peak-to-trough decline	-78.93%	-56.50%	-22.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.83%	13.97%	+23.86%

Volatility

SPCE vs. AMD - Volatility Comparison

The current volatility for Virgin Galactic Holdings, Inc. (SPCE) is 17.91%, while Advanced Micro Devices, Inc. (AMD) has a volatility of 24.42%. This indicates that SPCE 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

	SPCE	AMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.91%	24.42%	-6.51%
Volatility (6M) Calculated over the trailing 6-month period	100.01%	56.14%	+43.87%
Volatility (1Y) Calculated over the trailing 1-year period	109.70%	71.36%	+38.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.44%	56.94%	+38.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.11%	57.00%	+43.11%

Dividends

SPCE vs. AMD - Dividend Comparison

Neither SPCE nor AMD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SPCE and AMD in my portfolio?

SPCE and AMD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPCE or AMD?

AMD has higher volatility (24.42%) compared to SPCE (17.91%). In terms of maximum drawdown, SPCE dropped -99.82% vs AMD's -96.59%.

Which has better risk-adjusted returns?

AMD currently has the higher Sharpe Ratio (2.40 vs -0.30), 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.