MU vs. FNGU
MU (Micron Technology, Inc.) is a stock, while FNGU (MicroSectors FANG+ 3X Leveraged ETNs) is Leveraged Equities fund tracking the NYSE FANG+ Index (Gross Total Return) (300%). Over the past year, MU returned 751.18% vs 25.83% for FNGU. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
MU vs. FNGU - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 244.07% return, which is significantly higher than FNGU's 3.96% return.
MU
- 1D
- -1.43%
- 1M
- 35.46%
- YTD
- 244.07%
- 6M
- 307.41%
- 1Y
- 751.18%
- 3Y*
- 144.69%
- 5Y*
- 66.21%
- 10Y*
- 55.83%
FNGU
- 1D
- -2.52%
- 1M
- -13.99%
- YTD
- 3.96%
- 6M
- -3.67%
- 1Y
- 25.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MU vs. FNGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MU Micron Technology, Inc. | 244.07% | 174.38% |
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 3.96% | 3.02% |
Correlation
The correlation between MU and FNGU is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.57 |
The correlation between MU and FNGU has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
MU vs. FNGU — Risk / Return Rank
MU
FNGU
MU vs. FNGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and MicroSectors FANG+ 3X Leveraged ETNs (FNGU). 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 | FNGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.48 | ||
| Sortino ratioReturn per unit of downside risk | +5.27 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.11 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 24.91 | 0.36 | +24.55 |
| Martin ratioReturn relative to average drawdown | 94.64 | 0.85 | +93.78 |
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Drawdowns
MU vs. FNGU - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than FNGU's maximum drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for MU and FNGU.
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Drawdown Indicators
| MU | FNGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -61.30% | -36.95% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -59.55% | +29.27% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | — | — |
Current DrawdownCurrent decline from peak | -9.07% | -27.36% | +18.29% |
Average DrawdownAverage peak-to-trough decline | -58.16% | -22.25% | -35.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 24.91% | -16.96% |
Volatility
MU vs. FNGU - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 32.86% compared to MicroSectors FANG+ 3X Leveraged ETNs (FNGU) at 27.31%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | FNGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.86% | 27.31% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 50.15% | +7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.66% | 61.43% | +8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.18% | 79.93% | -26.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.12% | 79.93% | -29.81% |
Dividends
MU vs. FNGU - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, while FNGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FNGU MicroSectors FANG+ 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
MU and FNGU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.86%) compared to FNGU (27.31%). In terms of maximum drawdown, MU dropped -98.25% vs FNGU's -61.30%.
MU currently has the higher Sharpe Ratio (10.83 vs 0.35), 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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