LUNMF vs. MU

Last updated Jun 23, 2026

LUNMF (Lundin Mining Corporation) and MU (Micron Technology, Inc.) are both stocks. LUNMF operates in Copper (Basic Materials), while MU operates in Semiconductors (Technology). Over the past 10 years, LUNMF returned 26.31%/yr vs 57.52%/yr for MU. At a 0.32 correlation, their price movements are largely independent.

Performance

LUNMF vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lundin Mining Corporation (LUNMF) 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, LUNMF achieves a 22.09% return, which is significantly lower than MU's 324.61% return. Over the past 10 years, LUNMF has underperformed MU with an annualized return of 26.31%, while MU has yielded a comparatively higher 57.52% annualized return.

LUNMF

• 1D: -1.72%
• 1M: -3.78%
• YTD: 22.09%
• 6M: 23.39%
• 1Y: 164.00%
• 3Y*: 52.95%
• 5Y*: 28.18%
• 10Y*: 26.31%

MU

• 1D: 6.82%
• 1M: 61.30%
• YTD: 324.61%
• 6M: 338.33%
• 1Y: 882.43%
• 3Y*: 165.88%
• 5Y*: 73.49%
• 10Y*: 57.52%

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

LUNMF vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUNMF Lundin Mining Corporation	22.09%	152.20%	8.32%	39.33%	-16.84%	-9.83%	52.63%	48.16%	-36.95%	39.90%
MU Micron Technology, Inc.	324.61%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between LUNMF and MU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Nov 1, 2006	0.32

Fundamentals

Market Cap LUNMF : $22.57B MU : $1.38T
EPS LUNMF : $1.69 MU : $21.26
PE Ratio LUNMF : 15.53 MU : 56.99
PEG Ratio LUNMF : 0.01 MU : 0.21
PS Ratio LUNMF : 5.58 MU : 23.64
PB Ratio LUNMF : 3.29 MU : 19.06
Total Revenue (TTM) LUNMF : $4.04B MU : $58.12B
Gross Profit (TTM) LUNMF : $1.39B MU : $33.96B
EBITDA (TTM) LUNMF : $1.92B MU : $25.99B

Return for Risk

LUNMF vs. MU — Risk / Return Rank

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

LUNMF

LUNMF Risk / Return Rank: 92
LUNMF Sharpe Ratio Rank: 95
LUNMF Sortino Ratio Rank: 90
LUNMF Omega Ratio Rank: 90
LUNMF Calmar Ratio Rank: 92
LUNMF Martin Ratio Rank: 93

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.

LUNMF vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUNMF) 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.

	LUNMF	MU	Difference
Sharpe ratio: Return per unit of total volatility	2.98	12.50	-9.52
Sortino ratio: Return per unit of downside risk	3.14	6.48	-3.34
Omega ratio: Gain probability vs. loss probability	1.41	1.82	-0.41
Calmar ratio: Return relative to maximum drawdown	4.93	29.44	-24.51
Martin ratio: Return relative to average drawdown	15.14	111.67	-96.53

LUNMF vs. MU - Sharpe Ratio Comparison

The current LUNMF Sharpe Ratio is 2.98, which is lower than the MU Sharpe Ratio of 12.50. The chart below compares the historical Sharpe Ratios of LUNMF 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

LUNMF vs. MU - Drawdown Comparison

The maximum LUNMF drawdown since its inception was -98.55%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for LUNMF and MU.

Drawdown Indicators

	LUNMF	MU	Difference
Max Drawdown Largest peak-to-trough decline	-98.55%	-98.25%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-33.47%	-30.28%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-49.67%	-57.63%	+7.96%
Max Drawdown (5Y) Largest decline over 5 years	-57.67%	-57.63%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-61.92%	-57.63%	-4.29%
Current Drawdown Current decline from peak	-19.11%	0.00%	-19.11%
Average Drawdown Average peak-to-trough decline	-80.10%	-58.13%	-21.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.88%	7.97%	+2.91%

Volatility

LUNMF vs. MU - Volatility Comparison

The current volatility for Lundin Mining Corporation (LUNMF) is 21.29%, while Micron Technology, Inc. (MU) has a volatility of 33.47%. This indicates that LUNMF 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

	LUNMF	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.29%	33.47%	-12.18%
Volatility (6M) Calculated over the trailing 6-month period	46.57%	58.69%	-12.12%
Volatility (1Y) Calculated over the trailing 1-year period	55.43%	71.47%	-16.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.21%	53.67%	-4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.08%	50.30%	-1.22%

Dividends

LUNMF vs. MU - Dividend Comparison

LUNMF's dividend yield for the trailing twelve months is around 0.21%, more than MU's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUNMF Lundin Mining Corporation	0.21%	0.39%	3.82%	3.51%	5.96%	4.01%	1.34%	1.52%	2.22%	1.38%
MU Micron Technology, Inc.	0.04%	0.16%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%	0.00%

Financials

LUNMF vs. MU - Profitability Comparison

The chart below illustrates the profitability comparison between Lundin Mining Corporation and Micron Technology, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LUNMF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.

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 17.75B and revenue of 23.86B. Therefore, the gross margin over that period was 74.4%.

LUNMF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.

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 16.13B and revenue of 23.86B, resulting in an operating margin of 67.6%.

LUNMF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.

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 13.79B and revenue of 23.86B, resulting in a net margin of 57.8%.

Frequently Asked Questions

Can I hold both LUNMF and MU in my portfolio?

LUNMF and MU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LUNMF or MU?

MU has higher volatility (33.47%) compared to LUNMF (21.29%). In terms of maximum drawdown, LUNMF dropped -98.55% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (12.50 vs 2.98), 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.