MU.TO vs. MU

Last updated Jun 4, 2026

MU.TO (Micron CDR (CAD Hedged)) and MU (Micron Technology, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past year, MU.TO returned 930.30% vs 972.00% for MU. With a 0.97 correlation, they move nearly in lockstep.

Performance

MU.TO vs. MU - Performance Comparison

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

Different Trading Currencies

MU.TO is traded in CAD, while MU is traded in USD. To make them comparable, the MU values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with MU.TO having a 273.81% return and MU slightly higher at 283.23%.

MU.TO

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

MU

• 1D: 1.87%
• 1M: 91.02%
• YTD: 283.23%
• 6M: 359.64%
• 1Y: 972.00%
• 3Y*: 153.90%
• 5Y*: 72.37%
• 10Y*: 57.26%

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

MU.TO vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MU.TO Micron CDR (CAD Hedged)	273.81%	231.07%	-4.69%
MU Micron Technology, Inc.	283.23%	224.63%	2.10%

Correlation

The correlation between MU.TO and MU is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 19, 2024	0.97

The correlation between MU.TO and MU has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

MU.TO vs. MU — 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

MU

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

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

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

	MU.TO	MU	Difference
Sharpe ratio Return per unit of total volatility	14.61	14.93	-0.32
Sortino ratio Return per unit of downside risk	7.30	7.42	-0.13
Omega ratio Gain probability vs. loss probability	1.93	1.95	-0.02
Calmar ratio Return relative to maximum drawdown	31.04	33.52	-2.48
Martin ratio Return relative to average drawdown	123.04	129.89	-6.84
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. MU - Sharpe Ratio Comparison

The current MU.TO Sharpe Ratio is 14.61, which is comparable to the MU Sharpe Ratio of 14.93. The chart below compares the historical Sharpe Ratios of MU.TO 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.

Sharpe Ratios by Period

	MU.TO	MU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.61	14.93	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.99	0.82	+4.18

Drawdowns

MU.TO vs. MU - Drawdown Comparison

The maximum MU.TO drawdown since its inception was -43.53%, smaller than the maximum MU drawdown of -70.35%. Use the drawdown chart below to compare losses from any high point for MU.TO and MU.

Drawdown Indicators

	MU.TO	MU	Difference
Max Drawdown Largest peak-to-trough decline	-43.53%	-70.35%	+26.82%
Max Drawdown (1Y) Largest decline over 1 year	-30.28%	-29.30%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.06%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.59%	-23.38%	+13.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	7.55%	+0.07%

Volatility

MU.TO vs. MU - Volatility Comparison

The current volatility for Micron CDR (CAD Hedged) (MU.TO) is 25.10%, while Micron Technology, Inc. (MU) has a volatility of 28.27%. This indicates that MU.TO 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

	MU.TO	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.10%	28.27%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	51.62%	53.31%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	64.42%	65.86%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.70%	51.26%	+14.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.70%	48.58%	+17.12%

Dividends

MU.TO vs. MU - Dividend Comparison

MU.TO's dividend yield for the trailing twelve months is around 0.05%, which matches MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%
MU.TO Micron CDR (CAD Hedged)	0.05%	0.16%	0.27%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

With a correlation of 0.96, MU.TO and MU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.