MU vs. ^GSPC
MU (Micron Technology, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, MU returned 57.50%/yr vs 13.47%/yr for ^GSPC. At a 0.48 correlation, their price movements are largely independent.
Performance
MU vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 301.44% return, which is significantly higher than ^GSPC's 8.69% return. Over the past 10 years, MU has outperformed ^GSPC with an annualized return of 57.50%, while ^GSPC has yielded a comparatively lower 13.47% annualized return.
MU
- 1D
- 1.14%
- 1M
- 17.95%
- YTD
- 301.44%
- 6M
- 289.22%
- 1Y
- 820.18%
- 3Y*
- 163.91%
- 5Y*
- 69.08%
- 10Y*
- 57.50%
^GSPC
- 1D
- 1.18%
- 1M
- -1.84%
- YTD
- 8.69%
- 6M
- 7.74%
- 1Y
- 20.53%
- 3Y*
- 18.69%
- 5Y*
- 11.60%
- 10Y*
- 13.47%
MU vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 301.44% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
^GSPC S&P 500 Index | 8.69% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between MU and ^GSPC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 16, 1989 | 0.48 |
The correlation between MU and ^GSPC shifts across timeframes, from 0.48 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MU vs. ^GSPC — Risk / Return Rank
MU
^GSPC
MU vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and S&P 500 Index (^GSPC). 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.
| MU | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.30 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 27.36 | 2.27 | +25.09 |
| Martin ratioReturn relative to average drawdown | 106.27 | 9.90 | +96.37 |
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Drawdowns
MU vs. ^GSPC - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MU and ^GSPC.
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Drawdown Indicators
| MU | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -56.78% | -41.47% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -9.10% | -21.18% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | -18.90% | -38.73% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -25.43% | -32.20% |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | -33.92% | -23.71% |
Current DrawdownCurrent decline from peak | -5.63% | -2.23% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -58.10% | -10.71% | -47.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 2.08% | +5.71% |
Volatility
MU vs. ^GSPC - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 36.74% compared to S&P 500 Index (^GSPC) at 4.94%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.74% | 4.94% | +31.80% |
Volatility (6M)Calculated over the trailing 6-month period | 61.74% | 9.93% | +51.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.57% | 12.55% | +62.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.52% | 17.01% | +37.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.62% | 18.06% | +32.56% |
Frequently Asked Questions
MU and ^GSPC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (36.74%) compared to ^GSPC (4.94%). In terms of maximum drawdown, MU dropped -98.25% vs ^GSPC's -56.78%.
MU currently has the higher Sharpe Ratio (11.13 vs 1.65), 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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