ZS vs. AMD
ZS (Zscaler, Inc.) and AMD (Advanced Micro Devices, Inc.) are both stocks. Both are in the Technology sector — ZS in Software - Infrastructure, AMD in Semiconductors. Over the past 5 years, ZS returned -7.99%/yr vs 43.72%/yr for AMD. At a 0.42 correlation, their price movements are largely independent.
Performance
ZS vs. AMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZS achieves a -42.54% return, which is significantly lower than AMD's 128.95% return.
ZS
- 1D
- -1.17%
- 1M
- -15.04%
- YTD
- -42.54%
- 6M
- -47.22%
- 1Y
- -57.35%
- 3Y*
- -5.02%
- 5Y*
- -7.99%
- 10Y*
- —
AMD
- 1D
- 5.14%
- 1M
- 7.72%
- YTD
- 128.95%
- 6M
- 121.76%
- 1Y
- 322.01%
- 3Y*
- 57.74%
- 5Y*
- 43.72%
- 10Y*
- 60.51%
ZS vs. AMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZS Zscaler, Inc. | -42.54% | 24.67% | -18.57% | 98.00% | -65.18% | 60.90% | 329.48% | 18.59% | 18.82% |
AMD Advanced Micro Devices, Inc. | 128.95% | 77.30% | -18.06% | 127.59% | -54.99% | 56.91% | 99.98% | 148.43% | 60.94% |
Correlation
The correlation between ZS and AMD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.42 |
Over the past year, the correlation between ZS and AMD has dropped to 0.06 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
Fundamentals
ZS:
$20.78B
AMD:
$809.04B
ZS:
-$0.49
AMD:
$3.05
ZS:
6.47
AMD:
21.50
ZS:
8.78
AMD:
12.55
ZS:
$3.17B
AMD:
$37.45B
ZS:
$2.43B
AMD:
$18.83B
ZS:
$69.08M
AMD:
$7.17B
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
ZS vs. AMD — Risk / Return Rank
ZS
AMD
ZS vs. AMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zscaler, Inc. (ZS) 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.
| ZS | AMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.89 | ||
| Sortino ratioReturn per unit of downside risk | -5.86 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.60 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 11.69 | -12.57 |
| Martin ratioReturn relative to average drawdown | -1.59 | 24.15 | -25.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZS | AMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 4.91 | -5.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.79 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.15 |
Drawdowns
ZS vs. AMD - Drawdown Comparison
The maximum ZS drawdown since its inception was -76.41%, smaller than the maximum AMD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for ZS and AMD.
Loading charts...
Drawdown Indicators
| ZS | AMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.41% | -96.59% | +20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -64.89% | -27.76% | -37.13% |
Max Drawdown (3Y)Largest decline over 3 years | -64.89% | -63.00% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -76.41% | -65.45% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.45% | — |
Current DrawdownCurrent decline from peak | -64.95% | -9.62% | -55.33% |
Average DrawdownAverage peak-to-trough decline | -32.63% | -56.67% | +24.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.05% | 13.41% | +22.64% |
Volatility
ZS vs. AMD - Volatility Comparison
Zscaler, Inc. (ZS) has a higher volatility of 44.44% compared to Advanced Micro Devices, Inc. (AMD) at 22.76%. This indicates that ZS's price experiences larger fluctuations and is considered to be riskier than AMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZS | AMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.44% | 22.76% | +21.68% |
Volatility (6M)Calculated over the trailing 6-month period | 57.30% | 49.01% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.72% | 66.18% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.10% | 55.54% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.42% | 56.93% | +1.49% |
Dividends
ZS vs. AMD - Dividend Comparison
Neither ZS nor AMD has paid dividends to shareholders.
Financials
ZS vs. AMD - Financials Comparison
This section allows you to compare key financial metrics between Zscaler, Inc. and Advanced Micro Devices, Inc.. 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
ZS vs. AMD - Profitability Comparison
ZS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a gross profit of 657.82M and revenue of 850.48M. Therefore, the gross margin over that period was 77.4%.
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%.
ZS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported an operating income of -29.64M and revenue of 850.48M, resulting in an operating margin of -3.5%.
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%.
ZS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zscaler, Inc. reported a net income of -13.88M and revenue of 850.48M, resulting in a net margin of -1.6%.
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%.
Frequently Asked Questions
ZS and AMD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZS has higher volatility (44.44%) compared to AMD (22.76%). In terms of maximum drawdown, ZS dropped -76.41% vs AMD's -96.59%.
AMD currently has the higher Sharpe Ratio (4.91 vs -0.98), 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 ZS and AMD
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