AVGO.TO vs. MU.TO

Last updated Jun 5, 2026

AVGO.TO (Broadcom CDR (CAD Hedged)) and MU.TO (Micron CDR (CAD Hedged)) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past year, AVGO.TO returned -99.99% vs 811.44% for MU.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

AVGO.TO vs. MU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Broadcom CDR (CAD Hedged) (AVGO.TO) and Micron CDR (CAD Hedged) (MU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGO.TO achieves a 21.30% return, which is significantly lower than MU.TO's 245.66% return.

AVGO.TO

• 1D: -11.51%
• 1M: -0.55%
• YTD: 21.30%
• 6M: 7.49%
• 1Y: -99.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MU.TO

• 1D: -7.53%
• 1M: 49.58%
• YTD: 245.66%
• 6M: 314.64%
• 1Y: 811.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGO.TO vs. MU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVGO.TO Broadcom CDR (CAD Hedged)	21.30%	-99.99%	0.00%
MU.TO Micron CDR (CAD Hedged)	245.66%	231.07%	-4.69%

Correlation

The correlation between AVGO.TO and MU.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 19, 2024	0.25

Return for Risk

AVGO.TO vs. MU.TO — Risk / Return Rank

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

AVGO.TO

AVGO.TO Risk / Return Rank: 7
AVGO.TO Sharpe Ratio Rank: 6
AVGO.TO Sortino Ratio Rank: 16
AVGO.TO Omega Ratio Rank: 1
AVGO.TO Calmar Ratio Rank: 1
AVGO.TO Martin Ratio Rank: 10

MU.TO

MU.TO Risk / Return Rank: 99
MU.TO Sharpe Ratio Rank: 100
MU.TO Sortino Ratio Rank: 99
MU.TO Omega Ratio Rank: 98
MU.TO Calmar Ratio Rank: 100
MU.TO Martin Ratio Rank: 100

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.

AVGO.TO vs. MU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadcom CDR (CAD Hedged) (AVGO.TO) and Micron CDR (CAD Hedged) (MU.TO). 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.

	AVGO.TO	MU.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	13.18	-14.12
Sortino ratio: Return per unit of downside risk	-0.72	6.91	-7.62
Omega ratio: Gain probability vs. loss probability	0.69	1.88	-1.19
Calmar ratio: Return relative to maximum drawdown	-1.00	28.24	-29.24
Martin ratio: Return relative to average drawdown	-1.34	111.72	-113.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGO.TO vs. MU.TO - Sharpe Ratio Comparison

The current AVGO.TO Sharpe Ratio is -0.94, which is lower than the MU.TO Sharpe Ratio of 13.18. The chart below compares the historical Sharpe Ratios of AVGO.TO and MU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVGO.TO	MU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	13.18	-14.12
Sharpe Ratio (All Time) Calculated using the full available price history	-1.50	4.66	-6.16

Drawdowns

AVGO.TO vs. MU.TO - Drawdown Comparison

The maximum AVGO.TO drawdown since its inception was -99.99%, which is greater than MU.TO's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for AVGO.TO and MU.TO.

Drawdown Indicators

	AVGO.TO	MU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-43.53%	-56.46%
Max Drawdown (1Y) Largest decline over 1 year	-99.99%	-30.28%	-69.71%
Current Drawdown Current decline from peak	-99.99%	-7.53%	-92.46%
Average Drawdown Average peak-to-trough decline	-20.47%	-9.58%	-10.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.26%	7.64%	+66.62%

Volatility

AVGO.TO vs. MU.TO - Volatility Comparison

The current volatility for Broadcom CDR (CAD Hedged) (AVGO.TO) is 17.39%, while Micron CDR (CAD Hedged) (MU.TO) has a volatility of 25.96%. This indicates that AVGO.TO experiences smaller price fluctuations and is considered to be less risky than MU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGO.TO	MU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.39%	25.96%	-8.57%
Volatility (6M) Calculated over the trailing 6-month period	32.81%	52.37%	-19.56%
Volatility (1Y) Calculated over the trailing 1-year period	106.11%	64.90%	+41.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.60%	65.92%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.60%	65.92%	-1.32%

Dividends

AVGO.TO vs. MU.TO - Dividend Comparison

AVGO.TO's dividend yield for the trailing twelve months is around 0.59%, more than MU.TO's 0.05% yield.

Position	TTM	2025	2024	2023
AVGO.TO Broadcom CDR (CAD Hedged)	0.59%	0.70%	0.00%	0.00%
MU.TO Micron CDR (CAD Hedged)	0.05%	0.16%	0.27%	0.00%

Financials

Frequently Asked Questions

Can I hold both AVGO.TO and MU.TO in my portfolio?

AVGO.TO and MU.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.