AMAT vs. MU
AMAT (Applied Materials, Inc.) and MU (Micron Technology, Inc.) are both stocks. Both are in the Technology sector — AMAT in Semiconductor Equipment & Materials, MU in Semiconductors. Over the past 10 years, AMAT returned 41.61%/yr vs 57.50%/yr for MU. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
AMAT vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, AMAT achieves a 170.97% return, which is significantly lower than MU's 301.44% return. Over the past 10 years, AMAT has underperformed MU with an annualized return of 41.61%, while MU has yielded a comparatively higher 57.50% annualized return.
AMAT
- 1D
- 10.82%
- 1M
- 54.34%
- YTD
- 170.97%
- 6M
- 164.73%
- 1Y
- 281.93%
- 3Y*
- 70.14%
- 5Y*
- 38.46%
- 10Y*
- 41.61%
MU
- 1D
- 1.14%
- 1M
- 17.95%
- YTD
- 301.44%
- 6M
- 289.22%
- 1Y
- 820.18%
- 3Y*
- 163.91%
- 5Y*
- 69.08%
- 10Y*
- 57.50%
AMAT vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 170.97% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
MU Micron Technology, Inc. | 301.44% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
Correlation
The correlation between AMAT and MU is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 16, 1989 | 0.55 |
The correlation between AMAT and MU shifts across timeframes, from 0.55 (all time) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AMAT:
$555.02B
MU:
$1.31T
AMAT:
$10.61
MU:
$44.42
AMAT:
65.46
MU:
25.78
AMAT:
8.33
MU:
0.10
AMAT:
19.19
MU:
14.42
AMAT:
23.21
MU:
12.99
AMAT:
$29.02B
MU:
$90.27B
AMAT:
$14.21B
MU:
$65.51B
AMAT:
$9.92B
MU:
$44.96B
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Return for Risk
AMAT vs. MU — Risk / Return Rank
AMAT
MU
AMAT vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) 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.
| AMAT | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.77 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 13.29 | 27.36 | -14.07 |
| Martin ratioReturn relative to average drawdown | 37.66 | 106.27 | -68.61 |
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Drawdowns
AMAT vs. MU - Drawdown Comparison
The maximum AMAT drawdown since its inception was -85.22%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for AMAT and MU.
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Drawdown Indicators
| AMAT | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.22% | -98.25% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -30.28% | +8.91% |
Max Drawdown (3Y)Largest decline over 3 years | -49.88% | -57.63% | +7.75% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -57.63% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | -57.63% | +2.49% |
Current DrawdownCurrent decline from peak | 0.00% | -5.63% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -38.75% | -58.10% | +19.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 7.79% | -0.26% |
Volatility
AMAT vs. MU - Volatility Comparison
The current volatility for Applied Materials, Inc. (AMAT) is 27.27%, while Micron Technology, Inc. (MU) has a volatility of 36.74%. This indicates that AMAT 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
| AMAT | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.27% | 36.74% | -9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 43.36% | 61.74% | -18.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.10% | 74.57% | -21.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.19% | 54.52% | -9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.43% | 50.62% | -7.19% |
Dividends
AMAT vs. MU - Dividend Comparison
AMAT's dividend yield for the trailing twelve months is around 0.27%, more than MU's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.27% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
MU Micron Technology, Inc. | 0.04% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AMAT vs. MU - Financials Comparison
This section allows you to compare key financial metrics between Applied Materials, Inc. 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
AMAT vs. MU - Profitability Comparison
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
MU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
MU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported an operating income of 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
MU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
AMAT and MU have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (36.74%) compared to AMAT (27.27%). In terms of maximum drawdown, AMAT dropped -85.22% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (11.13 vs 5.36), 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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