CCNR vs. MU

Last updated Jun 14, 2026

CCNR (ALPS/CoreCommodity Natural Resources ETF) is Natural Resources fund actively managed by ALPS, while MU (Micron Technology, Inc.) is a stock. Over the past year, CCNR returned 55.12% vs 751.18% for MU. At a 0.40 correlation, their price movements are largely independent.

Performance

CCNR vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/CoreCommodity Natural Resources ETF (CCNR) and Micron Technology, Inc. (MU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCNR achieves a 21.92% return, which is significantly lower than MU's 244.07% return.

CCNR

• 1D: 0.78%
• 1M: -3.42%
• YTD: 21.92%
• 6M: 23.45%
• 1Y: 55.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MU

• 1D: -1.43%
• 1M: 35.46%
• YTD: 244.07%
• 6M: 307.41%
• 1Y: 751.18%
• 3Y*: 144.69%
• 5Y*: 66.21%
• 10Y*: 55.83%

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

CCNR vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CCNR ALPS/CoreCommodity Natural Resources ETF	21.92%	46.48%	-7.79%
MU Micron Technology, Inc.	244.07%	240.24%	-38.14%

Correlation

The correlation between CCNR and MU is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.40

Return for Risk

CCNR vs. MU — Risk / Return Rank

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

CCNR

CCNR Risk / Return Rank: 93
CCNR Sharpe Ratio Rank: 93
CCNR Sortino Ratio Rank: 90
CCNR Omega Ratio Rank: 90
CCNR Calmar Ratio Rank: 95
CCNR Martin Ratio Rank: 95

MU

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

CCNR vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Natural Resources ETF (CCNR) 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.

	CCNR	MU	Difference
Sharpe ratio: Return per unit of total volatility	3.05	10.83	-7.78
Sortino ratio: Return per unit of downside risk	3.71	6.14	-2.43
Omega ratio: Gain probability vs. loss probability	1.51	1.78	-0.27
Calmar ratio: Return relative to maximum drawdown	7.25	24.91	-17.66
Martin ratio: Return relative to average drawdown	25.70	94.64	-68.94

CCNR vs. MU - Sharpe Ratio Comparison

The current CCNR Sharpe Ratio is 3.05, which is lower than the MU Sharpe Ratio of 10.83. The chart below compares the historical Sharpe Ratios of CCNR and MU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCNR vs. MU - Drawdown Comparison

The maximum CCNR drawdown since its inception was -20.06%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for CCNR and MU.

Drawdown Indicators

	CCNR	MU	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-98.25%	+78.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.85%	-30.28%	+22.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.63%	—
Current Drawdown Current decline from peak	-5.21%	-9.07%	+3.86%
Average Drawdown Average peak-to-trough decline	-3.58%	-58.16%	+54.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	7.95%	-5.74%

Volatility

CCNR vs. MU - Volatility Comparison

The current volatility for ALPS/CoreCommodity Natural Resources ETF (CCNR) is 6.78%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that CCNR 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.

Volatility by Period

	CCNR	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	32.86%	-26.08%
Volatility (6M) Calculated over the trailing 6-month period	13.94%	57.74%	-43.80%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	69.66%	-51.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.14%	53.18%	-33.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	50.12%	-29.98%

Dividends

CCNR vs. MU - Dividend Comparison

CCNR's dividend yield for the trailing twelve months is around 2.86%, more than MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021
CCNR ALPS/CoreCommodity Natural Resources ETF	2.86%	3.48%	1.27%	0.00%	0.00%	0.00%
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%

Frequently Asked Questions

Can I hold both CCNR and MU in my portfolio?

CCNR and MU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCNR or MU?

MU has higher volatility (32.86%) compared to CCNR (6.78%). In terms of maximum drawdown, CCNR dropped -20.06% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (10.83 vs 3.05), 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.