IYE vs. MU
IYE (iShares U.S. Energy ETF) is Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index, while MU (Micron Technology, Inc.) is a stock. Over the past 10 years, IYE returned 8.00%/yr vs 55.26%/yr for MU. At a 0.33 correlation, their price movements are largely independent.
Performance
IYE vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 20.95% return, which is significantly lower than MU's 267.52% return. Over the past 10 years, IYE has underperformed MU with an annualized return of 8.00%, while MU has yielded a comparatively higher 55.26% annualized return.
IYE
- 1D
- -1.64%
- 1M
- -9.18%
- YTD
- 20.95%
- 6M
- 21.80%
- 1Y
- 29.09%
- 3Y*
- 14.72%
- 5Y*
- 17.30%
- 10Y*
- 8.00%
MU
- 1D
- -0.31%
- 1M
- 39.62%
- YTD
- 267.52%
- 6M
- 266.04%
- 1Y
- 721.69%
- 3Y*
- 153.39%
- 5Y*
- 67.30%
- 10Y*
- 55.26%
IYE vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 20.95% | 7.33% | 6.06% | -2.21% | 60.21% | 53.42% | -33.49% | 10.03% | -19.37% | -1.80% |
MU Micron Technology, Inc. | 267.52% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
Correlation
The correlation between IYE and MU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.33 |
The correlation between IYE and MU shifts across timeframes, from -0.07 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYE vs. MU — Risk / Return Rank
IYE
MU
IYE vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.
| IYE | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.74 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 24.07 | -21.95 |
| Martin ratioReturn relative to average drawdown | 6.26 | 91.01 | -84.75 |
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Drawdowns
IYE vs. MU - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for IYE and MU.
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Drawdown Indicators
| IYE | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -98.25% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -30.28% | +16.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | -57.63% | +37.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -57.63% | +32.02% |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | -57.63% | -10.96% |
Current DrawdownCurrent decline from peak | -13.60% | -13.44% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -19.34% | -58.12% | +38.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 8.05% | -3.39% |
Volatility
IYE vs. MU - Volatility Comparison
The current volatility for iShares U.S. Energy ETF (IYE) is 7.00%, while Micron Technology, Inc. (MU) has a volatility of 37.17%. This indicates that IYE 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
| IYE | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 37.17% | -30.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 59.83% | -43.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.30% | 72.70% | -52.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.67% | 54.00% | -28.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.52% | 50.43% | -20.91% |
Dividends
IYE vs. MU - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.35%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.35% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYE and MU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (37.17%) compared to IYE (7.00%). In terms of maximum drawdown, IYE dropped -73.74% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (10.04 vs 1.44), 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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