MU vs. FRNW
MU (Micron Technology, Inc.) is a stock, while FRNW (Fidelity Clean Energy ETF) is Alternative Energy Equities fund actively managed by Fidelity. Over the past 3 years, MU returned 144.69%/yr vs 6.70%/yr for FRNW. At a 0.43 correlation, their price movements are largely independent.
Performance
MU vs. FRNW - 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 FRNW's 23.12% 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%
FRNW
- 1D
- 1.22%
- 1M
- -4.62%
- YTD
- 23.12%
- 6M
- 22.47%
- 1Y
- 62.88%
- 3Y*
- 6.70%
- 5Y*
- —
- 10Y*
- —
MU vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 244.07% | 240.24% | -0.96% | 71.93% | -45.93% | 33.33% |
FRNW Fidelity Clean Energy ETF | 23.12% | 53.20% | -21.11% | -19.64% | -11.46% | -2.52% |
Correlation
The correlation between MU and FRNW is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.43 |
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Return for Risk
MU vs. FRNW — Risk / Return Rank
MU
FRNW
MU vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and Fidelity Clean Energy ETF (FRNW). 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 | FRNW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.37 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 24.91 | 4.48 | +20.43 |
| Martin ratioReturn relative to average drawdown | 94.64 | 15.67 | +78.97 |
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Drawdowns
MU vs. FRNW - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for MU and FRNW.
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Drawdown Indicators
| MU | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -59.37% | -38.88% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -14.20% | -16.08% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | -45.14% | -12.49% |
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% | -11.09% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -58.16% | -33.17% | -24.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 4.05% | +3.90% |
Volatility
MU vs. FRNW - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 32.86% compared to Fidelity Clean Energy ETF (FRNW) at 10.63%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.86% | 10.63% | +22.23% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 19.61% | +38.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.66% | 26.92% | +42.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.18% | 28.52% | +24.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.12% | 28.52% | +21.60% |
Dividends
MU vs. FRNW - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, less than FRNW's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FRNW Fidelity Clean Energy ETF | 1.02% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
MU and FRNW have a correlation of 0.46, 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 FRNW (10.63%). In terms of maximum drawdown, MU dropped -98.25% vs FRNW's -59.37%.
MU currently has the higher Sharpe Ratio (10.83 vs 2.36), 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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