MU vs. EWP
MU (Micron Technology, Inc.) is a stock, while EWP (iShares MSCI Spain ETF) is Europe Equities fund tracking the MSCI Spain Index. Over the past 10 years, MU returned 54.16%/yr vs 12.28%/yr for EWP. At a 0.32 correlation, their price movements are largely independent.
Performance
MU vs. EWP - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 240.34% return, which is significantly higher than EWP's 12.06% return. Over the past 10 years, MU has outperformed EWP with an annualized return of 54.16%, while EWP has yielded a comparatively lower 12.28% annualized return.
MU
- 1D
- 12.17%
- 1M
- -14.38%
- 6M
- 166.13%
- YTD
- 240.34%
- 1Y
- 758.76%
- 3Y*
- 146.36%
- 5Y*
- 67.49%
- 10Y*
- 54.16%
- ALL TIME*
- 17.59%
EWP
- 1D
- 1.35%
- 1M
- 0.76%
- 6M
- 12.23%
- YTD
- 12.06%
- 1Y
- 38.48%
- 3Y*
- 30.48%
- 5Y*
- 20.45%
- 10Y*
- 12.28%
- ALL TIME*
- 8.64%
MU vs. EWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 240.34% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
EWP iShares MSCI Spain ETF | 12.06% | 78.03% | 5.70% | 30.26% | -5.18% | 0.25% | -3.94% | 11.93% | -15.32% | 26.98% |
Correlation
The correlation between MU and EWP is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.32 |
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Return for Risk
MU vs. EWP — Risk / Return Rank
MU
EWP
MU vs. EWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and iShares MSCI Spain ETF (EWP). 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 | EWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.36 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 25.31 | 3.40 | +21.91 |
| Martin ratioReturn relative to average drawdown | 84.73 | 12.09 | +72.64 |
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Drawdowns
MU vs. EWP - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than EWP's maximum drawdown of -61.19%. Use the drawdown chart below to compare losses from any high point for MU and EWP.
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Drawdown Indicators
| MU | EWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -61.19% | -37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -11.38% | -18.90% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | -12.19% | -45.44% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -30.26% | -27.37% |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | -46.36% | -11.27% |
Current DrawdownCurrent decline from peak | -19.99% | -1.36% | -18.63% |
Average DrawdownAverage peak-to-trough decline | -58.05% | -21.35% | -36.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 3.19% | +5.84% |
Volatility
MU vs. EWP - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 32.09% compared to iShares MSCI Spain ETF (EWP) at 3.99%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than EWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | EWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.09% | 3.99% | +28.10% |
Volatility (6M)Calculated over the trailing 6-month period | 63.69% | 16.27% | +47.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.22% | 18.68% | +58.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.26% | 20.19% | +35.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.92% | 21.48% | +29.44% |
Dividends
MU vs. EWP - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, less than EWP's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWP iShares MSCI Spain ETF | 2.80% | 2.27% | 4.35% | 2.70% | 3.07% | 3.29% | 2.56% | 3.72% | 3.69% | 2.72% | 4.65% | 3.85% |
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
MU and EWP have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.09%) compared to EWP (3.99%). In terms of maximum drawdown, MU dropped -98.25% vs EWP's -61.19%.
MU currently has the higher Sharpe Ratio (9.93 vs 2.07), 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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