AEM vs. MU
AEM (Agnico Eagle Mines Limited) and MU (Micron Technology, Inc.) are both stocks. AEM operates in Gold (Basic Materials), while MU operates in Semiconductors (Technology). Over the past 10 years, AEM returned 11.46%/yr vs 51.33%/yr for MU. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
AEM vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, AEM achieves a -13.95% return, which is significantly lower than MU's 188.53% return. Over the past 10 years, AEM has underperformed MU with an annualized return of 11.46%, while MU has yielded a comparatively higher 51.33% annualized return.
AEM
- 1D
- -3.64%
- 1M
- -6.19%
- 6M
- -23.42%
- YTD
- -13.95%
- 1Y
- 17.91%
- 3Y*
- 44.82%
- 5Y*
- 20.40%
- 10Y*
- 11.46%
- ALL TIME*
- 7.47%
MU
- 1D
- -5.90%
- 1M
- -20.26%
- 6M
- 98.49%
- YTD
- 188.53%
- 1Y
- 655.32%
- 3Y*
- 127.41%
- 5Y*
- 61.18%
- 10Y*
- 51.33%
- ALL TIME*
- 17.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $362.33M | $376.74M | $426.77M | |
| $43.28B | $42.78B | $49.13B |
AEM vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | -13.95% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
MU Micron Technology, Inc. | 188.53% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
Correlation
The correlation between AEM and MU 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. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 16, 1989 | 0.05 |
Over the past year, AEM and MU have become more correlated (0.26) than their long-term average of 0.05, meaning their price movements have been converging.
Fundamentals
AEM:
$73.56B
MU:
$929.52B
AEM:
$11.60
MU:
$44.42
AEM:
12.52
MU:
18.53
AEM:
0.19
MU:
0.07
AEM:
5.06
MU:
10.36
AEM:
2.56
MU:
9.33
AEM:
$14.43B
MU:
$90.27B
AEM:
$9.02B
MU:
$65.51B
AEM:
$10.36B
MU:
$44.96B
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Return for Risk
AEM vs. MU — Risk / Return Rank
AEM
MU
AEM vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) 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.
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.
| AEM | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.77 | ||
| Sortino ratioReturn per unit of downside risk | -4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.63 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 16.92 | -16.53 |
| Martin ratioReturn relative to average drawdown | 0.90 | 64.08 | -63.18 |
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Drawdowns
AEM vs. MU - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for AEM and MU.
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Drawdown Indicators
| AEM | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -98.25% | +7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -45.80% | -39.10% | -6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -45.80% | -57.63% | +11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -45.80% | -57.63% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -57.63% | +3.77% |
Current DrawdownCurrent decline from peak | -42.25% | -32.17% | -10.08% |
Average DrawdownAverage peak-to-trough decline | -46.63% | -58.02% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.06% | 10.31% | +9.75% |
Volatility
AEM vs. MU - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM) is 11.20%, while Micron Technology, Inc. (MU) has a volatility of 31.11%. This indicates that AEM experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 31.11% | -19.91% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 67.64% | -31.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.77% | 81.13% | -36.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.35% | 56.32% | -18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.38% | 51.42% | -14.04% |
Dividends
AEM vs. MU - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.17%, more than MU's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.17% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEM vs. MU - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Micron Technology, 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
AEM vs. MU - Profitability Comparison
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Agnico Eagle Mines Limited reported a gross profit of 2.30B and revenue of 3.71B. Therefore, the gross margin over that period was 62.2%.
MU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Micron Technology, Inc. reported a gross profit of 35.06B and revenue of 41.46B. Therefore, the gross margin over that period was 84.6%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Agnico Eagle Mines Limited reported an operating income of 2.22B and revenue of 3.71B, resulting in an operating margin of 60.0%.
MU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Micron Technology, Inc. reported an operating income of 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Agnico Eagle Mines Limited reported a net income of 1.56B and revenue of 3.71B, resulting in a net margin of 42.1%.
MU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Micron Technology, Inc. reported a net income of 28.24B and revenue of 41.46B, resulting in a net margin of 68.1%.
Frequently Asked Questions
AEM and MU 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.
MU has higher volatility (31.11%) compared to AEM (11.20%). In terms of maximum drawdown, AEM dropped -90.49% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (8.17 vs 0.40), 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.
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