MU.TO vs. AMD.TO

Last updated Jun 4, 2026

MU.TO (Micron CDR (CAD Hedged)) and AMD.TO (Advanced Micro Devices CDR (CAD Hedged)) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past year, MU.TO returned 930.30% vs 349.34% for AMD.TO. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

MU.TO vs. AMD.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, MU.TO achieves a 273.81% return, which is significantly higher than AMD.TO's 150.04% return.

MU.TO

• 1D: 1.51%
• 1M: 87.16%
• YTD: 273.81%
• 6M: 355.25%
• 1Y: 930.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMD.TO

• 1D: 4.03%
• 1M: 58.50%
• YTD: 150.04%
• 6M: 145.49%
• 1Y: 349.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
MU.TO Micron CDR (CAD Hedged)	273.81%	199.47%
AMD.TO Advanced Micro Devices CDR (CAD Hedged)	150.04%	86.42%

Correlation

The correlation between MU.TO and AMD.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.51

The correlation between MU.TO and AMD.TO has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

Return for Risk

MU.TO vs. AMD.TO — Risk / Return Rank

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

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: 99
MU.TO Calmar Ratio Rank: 100
MU.TO Martin Ratio Rank: 100

AMD.TO

AMD.TO Risk / Return Rank: 97
AMD.TO Sharpe Ratio Rank: 99
AMD.TO Sortino Ratio Rank: 97
AMD.TO Omega Ratio Rank: 96
AMD.TO Calmar Ratio Rank: 98
AMD.TO Martin Ratio Rank: 97

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.

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

This table presents a comparison of risk-adjusted performance metrics for Micron CDR (CAD Hedged) (MU.TO) and Advanced Micro Devices CDR (CAD Hedged) (AMD.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.

	MU.TO	AMD.TO	Difference
Sharpe ratio: Return per unit of total volatility	14.61	5.47	+9.14
Sortino ratio: Return per unit of downside risk	7.30	4.87	+2.43
Omega ratio: Gain probability vs. loss probability	1.93	1.64	+0.29
Calmar ratio: Return relative to maximum drawdown	31.04	12.38	+18.66
Martin ratio: Return relative to average drawdown	123.04	25.58	+97.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MU.TO Sharpe Ratio is 14.61, which is higher than the AMD.TO Sharpe Ratio of 5.47. The chart below compares the historical Sharpe Ratios of MU.TO and AMD.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

	MU.TO	AMD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.61	5.47	+9.14
Sharpe Ratio (All Time) Calculated using the full available price history	4.99	3.44	+1.55

Drawdowns

MU.TO vs. AMD.TO - Drawdown Comparison

The maximum MU.TO drawdown since its inception was -43.53%, which is greater than AMD.TO's maximum drawdown of -31.90%. Use the drawdown chart below to compare losses from any high point for MU.TO and AMD.TO.

Drawdown Indicators

	MU.TO	AMD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.53%	-31.90%	-11.63%
Max Drawdown (1Y) Largest decline over 1 year	-30.28%	-28.44%	-1.84%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.59%	-10.39%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	13.74%	-6.12%

Volatility

MU.TO vs. AMD.TO - Volatility Comparison

Micron CDR (CAD Hedged) (MU.TO) has a higher volatility of 25.10% compared to Advanced Micro Devices CDR (CAD Hedged) (AMD.TO) at 23.75%. This indicates that MU.TO's price experiences larger fluctuations and is considered to be riskier than AMD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MU.TO	AMD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.10%	23.75%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	51.62%	46.88%	+4.74%
Volatility (1Y) Calculated over the trailing 1-year period	64.42%	64.38%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.70%	64.52%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.70%	64.52%	+1.18%

Dividends

MU.TO vs. AMD.TO - Dividend Comparison

MU.TO's dividend yield for the trailing twelve months is around 0.05%, while AMD.TO has not paid dividends to shareholders.

Position	TTM	2025	2024
AMD.TO Advanced Micro Devices CDR (CAD Hedged)	0.00%	0.00%	0.00%
MU.TO Micron CDR (CAD Hedged)	0.05%	0.16%	0.27%

Financials

Frequently Asked Questions

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

MU.TO and AMD.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.