MU vs. IBIT
MU (Micron Technology, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, MU returned 746.93% vs -40.63% for IBIT. At a 0.28 correlation, their price movements are largely independent.
Performance
MU vs. IBIT - 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 IBIT's -27.41% return.
MU
- 1D
- -1.43%
- 1M
- 22.15%
- YTD
- 244.07%
- 6M
- 307.41%
- 1Y
- 746.93%
- 3Y*
- 144.69%
- 5Y*
- 66.21%
- 10Y*
- 55.83%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MU vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MU Micron Technology, Inc. | 244.07% | 240.24% | 2.60% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between MU and IBIT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.28 |
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Return for Risk
MU vs. IBIT — Risk / Return Rank
MU
IBIT
MU vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.75 | ||
| Sortino ratioReturn per unit of downside risk | +7.45 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 0.85 | +0.93 |
| Calmar ratioReturn relative to maximum drawdown | 24.91 | -0.78 | +25.69 |
| Martin ratioReturn relative to average drawdown | 94.64 | -1.37 | +96.01 |
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Drawdowns
MU vs. IBIT - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for MU and IBIT.
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Drawdown Indicators
| MU | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -52.11% | -46.14% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -52.11% | +21.83% |
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% | -49.45% | +40.38% |
Average DrawdownAverage peak-to-trough decline | -58.16% | -16.53% | -41.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 29.64% | -21.69% |
Volatility
MU vs. IBIT - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 32.86% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.86% | 12.07% | +20.79% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 34.45% | +23.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.66% | 44.10% | +25.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.18% | 50.26% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.12% | 50.26% | -0.14% |
Dividends
MU vs. IBIT - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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 IBIT have a correlation of 0.32, 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 IBIT (12.07%). In terms of maximum drawdown, MU dropped -98.25% vs IBIT's -52.11%.
MU currently has the higher Sharpe Ratio (10.83 vs -0.92), 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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