Amazon (AMZN) vs Microsoft (MSFT)
Live side-by-side comparison with current values, changes, and key statistics.
Why This Comparison Matters
AMZN and MSFT are the dominant hyperscaler cloud providers with AWS and Azure. When MSFT outperforms AMZN, Azure market share gains or enterprise AI narratives dominate. When AMZN leads MSFT, AWS durability and e-commerce strength are driving performance. The ratio captures cloud-market leadership shifts.
Cross-Asset Analysis
This page pairs Amazon (AMZN) (amazon.com Inc., e-commerce and AWS cloud leader) against Microsoft (MSFT) (microsoft Corp., enterprise software and cloud computing leader) to surface the specific macro signal that lives in the peer pair relationship. Sector, style, and geographic dominance cycles each produce multi-year relative performance episodes between Amazon (AMZN) and Microsoft (MSFT). In bull markets the more aggressive peer between Amazon (AMZN) and Microsoft (MSFT) usually leads, while bear markets shift leadership toward the more defensive peer.
A peer comparison like Amazon (AMZN) against Microsoft (MSFT) strips out the common-factor beta and leaves behind the differences in sector mix, capitalization, style, or geography. Factor exposures embedded inside Amazon (AMZN) and Microsoft (MSFT) drive their relative performance, with growth-value, large-small, and domestic-international all surfacing in the spread. Index construction choices inside Amazon (AMZN) and Microsoft (MSFT), including weighting methodology and inclusion rules, create persistent tilts that show up in the spread.
Amazon (AMZN) and Microsoft (MSFT) look similar at a glance, but the embedded factor tilts between them matter substantially over time. Overlay strategies trade the Amazon (AMZN)-Microsoft (MSFT) spread through options or swaps when the underlying pair is directly tradable, sizing against realized spread volatility.
90-Day Statistics
No data available
No data available
Explore Each Metric
Related Scenarios & Forecasts
Get daily macro analysis comparing key metrics delivered to your inbox. Stay ahead of market-moving divergences.
Frequently Asked Questions
What is the relationship between Amazon (AMZN) and Microsoft (MSFT)?+
Amazon (AMZN) and Microsoft (MSFT) are connected through shared asset class exposure with different factor tilts. When the underlying asset class shifts, both respond, though with different sensitivities and at different speeds. The spread between Amazon (AMZN) and Microsoft (MSFT) captures the specific macro signal that flows through this relationship.
When does Amazon (AMZN) typically lead Microsoft (MSFT)?+
Amazon (AMZN) tends to lead Microsoft (MSFT) during rotation episodes between the two factor exposures. In those periods, moves in Amazon (AMZN) precede corresponding moves in Microsoft (MSFT) by days to weeks, depending on the transmission channel and the depth of each market.
How are Amazon (AMZN) and Microsoft (MSFT) historically correlated?+
Long-run correlation between Amazon (AMZN) and Microsoft (MSFT) varies by regime. Peers in the same asset class are highly correlated in direction, with the spread reflecting factor tilts and rotation dynamics. The correlation is not stable: it shifts with macro conditions, and the periods when it breaks down are often the most informative moments in the Amazon (AMZN)-Microsoft (MSFT) relationship.
What macro conditions drive divergence between Amazon (AMZN) and Microsoft (MSFT)?+
Divergence between Amazon (AMZN) and Microsoft (MSFT) typically arises from index reconstitution, mega-cap earnings surprises, or liquidity differences between the peers. When one asset's idiosyncratic drivers dominate, the spread moves in ways that the common macro story does not predict, which is usually a signal to look more carefully at the specific drivers at work in Amazon (AMZN) or Microsoft (MSFT).
Is Amazon (AMZN) a hedge for Microsoft (MSFT)?+
Peers like Amazon (AMZN) and Microsoft (MSFT) do not hedge each other; both rise or fall with the shared asset class, and using the pair as a spread trade is different from using it as a hedge. Effective hedging requires matching the hedge to the specific risk being protected, and the Amazon (AMZN)-Microsoft (MSFT) pair is best stress-tested under scenarios the investor most worries about before being sized into a real portfolio.
Related Comparisons
Data sourced from FRED, CoinGecko, CBOE, and other providers. This page is for informational purposes only and does not constitute financial advice. Past performance does not guarantee future results.