ADPT vs. MU

Last updated Apr 1, 2026

Compare and contrast key facts about Adaptive Biotechnologies Corporation (ADPT) and Micron Technology, Inc. (MU).

Performance

ADPT vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptive Biotechnologies Corporation (ADPT) and Micron Technology, Inc. (MU). The values are adjusted to include any dividend payments, if applicable.

ADPT vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ADPT Adaptive Biotechnologies Corporation	-14.53%	170.89%	22.35%	-35.86%	-72.77%	-52.55%	97.63%	-25.76%
MU Micron Technology, Inc.	18.42%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	41.27%

Fundamentals

Market Cap ADPT : $2.13B MU : $385.14B
EPS ADPT : -$0.38 MU : $21.30
PS Ratio ADPT : 7.82 MU : 6.58
PB Ratio ADPT : 9.71 MU : 5.32
Total Revenue (TTM) ADPT : $276.98M MU : $58.12B
Gross Profit (TTM) ADPT : $205.62M MU : $33.96B
EBITDA (TTM) ADPT : -$43.60M MU : $25.99B

Returns By Period

In the year-to-date period, ADPT achieves a -14.53% return, which is significantly lower than MU's 18.42% return.

ADPT

• 1D: 8.02%
• 1M: -13.36%
• YTD: -14.53%
• 6M: -7.22%
• 1Y: 86.81%
• 3Y*: 16.27%
• 5Y*: -19.39%
• 10Y*: —

MU

• 1D: 4.98%
• 1M: -18.04%
• YTD: 18.42%
• 6M: 102.21%
• 1Y: 289.74%
• 3Y*: 78.45%
• 5Y*: 30.25%
• 10Y*: 41.16%

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

Return for Risk

ADPT vs. MU — Risk / Return Rank

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

ADPT

ADPT Risk / Return Rank: 79
ADPT Sharpe Ratio Rank: 79
ADPT Sortino Ratio Rank: 80
ADPT Omega Ratio Rank: 78
ADPT Calmar Ratio Rank: 78
ADPT Martin Ratio Rank: 79

MU

MU Risk / Return Rank: 98
MU Sharpe Ratio Rank: 99
MU Sortino Ratio Rank: 96
MU Omega Ratio Rank: 95
MU Calmar Ratio Rank: 98
MU Martin Ratio Rank: 99

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.

ADPT vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptive Biotechnologies Corporation (ADPT) and Micron Technology, Inc. (MU). 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.

	ADPT	MU	Difference
Sharpe ratio Return per unit of total volatility	1.20	4.49	-3.29
Sortino ratio Return per unit of downside risk	2.08	3.83	-1.76
Omega ratio Gain probability vs. loss probability	1.27	1.52	-0.25
Calmar ratio Return relative to maximum drawdown	2.06	9.36	-7.30
Martin ratio Return relative to average drawdown	5.50	31.94	-26.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADPT vs. MU - Sharpe Ratio Comparison

The current ADPT Sharpe Ratio is 1.20, which is lower than the MU Sharpe Ratio of 4.49. The chart below compares the historical Sharpe Ratios of ADPT and MU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADPT	MU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	4.49	-3.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.61	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.25	-0.44

Correlation

The correlation between ADPT and MU is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADPT vs. MU - Dividend Comparison

ADPT has not paid dividends to shareholders, while MU's dividend yield for the trailing twelve months is around 0.15%.

	TTM	2025	2024	2023	2022	2021
ADPT Adaptive Biotechnologies Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MU Micron Technology, Inc.	0.15%	0.16%	0.55%	0.54%	0.89%	0.21%

Drawdowns

ADPT vs. MU - Drawdown Comparison

The maximum ADPT drawdown since its inception was -96.55%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for ADPT and MU.

Drawdown Indicators

	ADPT	MU	Difference
Max Drawdown Largest peak-to-trough decline	-96.55%	-98.25%	+1.70%
Max Drawdown (1Y) Largest decline over 1 year	-39.35%	-30.28%	-9.07%
Max Drawdown (5Y) Largest decline over 5 years	-94.76%	-57.63%	-37.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.63%	—
Current Drawdown Current decline from peak	-79.51%	-26.80%	-52.71%
Average Drawdown Average peak-to-trough decline	-67.19%	-58.46%	-8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.73%	8.87%	+5.86%

Volatility

ADPT vs. MU - Volatility Comparison

Adaptive Biotechnologies Corporation (ADPT) and Micron Technology, Inc. (MU) have volatilities of 22.86% and 23.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADPT	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.86%	23.12%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	51.39%	49.17%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	72.84%	65.00%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.75%	49.86%	+27.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.63%	48.59%	+28.04%

Financials

ADPT vs. MU - Profitability Comparison

The chart below illustrates the profitability comparison between Adaptive Biotechnologies Corporation and Micron Technology, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ADPT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Adaptive Biotechnologies Corporation reported a gross profit of 53.46M and revenue of 71.68M. Therefore, the gross margin over that period was 74.6%.

MU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Micron Technology, Inc. reported a gross profit of 17.75B and revenue of 23.86B. Therefore, the gross margin over that period was 74.4%.

ADPT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Adaptive Biotechnologies Corporation reported an operating income of -12.77M and revenue of 71.68M, resulting in an operating margin of -17.8%.

MU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Micron Technology, Inc. reported an operating income of 16.13B and revenue of 23.86B, resulting in an operating margin of 67.6%.

ADPT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Adaptive Biotechnologies Corporation reported a net income of -13.58M and revenue of 71.68M, resulting in a net margin of -18.9%.

MU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Micron Technology, Inc. reported a net income of 13.79B and revenue of 23.86B, resulting in a net margin of 57.8%.