MU vs. NVDA

Last updated Jun 23, 2026

MU (Micron Technology, Inc.) and NVDA (NVIDIA Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, MU returned 57.52%/yr vs 68.65%/yr for NVDA. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

MU vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Micron Technology, Inc. (MU) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MU achieves a 324.61% return, which is significantly higher than NVDA's 12.01% return. Over the past 10 years, MU has underperformed NVDA with an annualized return of 57.52%, while NVDA has yielded a comparatively higher 68.65% annualized return.

MU

• 1D: 6.82%
• 1M: 61.30%
• YTD: 324.61%
• 6M: 338.33%
• 1Y: 882.43%
• 3Y*: 165.88%
• 5Y*: 73.49%
• 10Y*: 57.52%

NVDA

• 1D: -0.97%
• 1M: -2.99%
• YTD: 12.01%
• 6M: 13.73%
• 1Y: 45.24%
• 3Y*: 70.46%
• 5Y*: 61.50%
• 10Y*: 68.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MU vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MU Micron Technology, Inc.	324.61%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%
NVDA NVIDIA Corporation	12.01%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between MU and NVDA is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999	0.52

The correlation between MU and NVDA shifts across timeframes, from 0.43 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MU : $1.38T NVDA : $5.09T
EPS MU : $21.26 NVDA : $6.53
PE Ratio MU : 56.99 NVDA : 31.97
PEG Ratio MU : 0.21 NVDA : 0.18
PS Ratio MU : 23.64 NVDA : 20.13
PB Ratio MU : 19.06 NVDA : 26.04
Total Revenue (TTM) MU : $58.12B NVDA : $253.49B
Gross Profit (TTM) MU : $33.96B NVDA : $187.95B
EBITDA (TTM) MU : $25.99B NVDA : $192.76B

Return for Risk

MU vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 98
MU Calmar Ratio Rank: 100
MU Martin Ratio Rank: 100

NVDA

NVDA Risk / Return Rank: 76
NVDA Sharpe Ratio Rank: 78
NVDA Sortino Ratio Rank: 74
NVDA Omega Ratio Rank: 71
NVDA Calmar Ratio Rank: 78
NVDA Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MU vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	12.50	1.29	+11.21
Sortino ratio: Return per unit of downside risk	6.48	1.86	+4.62
Omega ratio: Gain probability vs. loss probability	1.82	1.22	+0.60
Calmar ratio: Return relative to maximum drawdown	29.44	2.25	+27.19
Martin ratio: Return relative to average drawdown	111.67	5.27	+106.40

MU vs. NVDA - Sharpe Ratio Comparison

The current MU Sharpe Ratio is 12.50, which is higher than the NVDA Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of MU and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MU vs. NVDA - Drawdown Comparison

The maximum MU drawdown since its inception was -98.25%, which is greater than NVDA's maximum drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for MU and NVDA.

Drawdown Indicators

	MU	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-98.25%	-89.72%	-8.53%
Max Drawdown (1Y) Largest decline over 1 year	-30.28%	-20.21%	-10.07%
Max Drawdown (3Y) Largest decline over 3 years	-57.63%	-36.88%	-20.75%
Max Drawdown (5Y) Largest decline over 5 years	-57.63%	-66.34%	+8.71%
Max Drawdown (10Y) Largest decline over 10 years	-57.63%	-66.34%	+8.71%
Current Drawdown Current decline from peak	0.00%	-11.39%	+11.39%
Average Drawdown Average peak-to-trough decline	-58.13%	-36.16%	-21.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.97%	8.61%	-0.64%

Volatility

MU vs. NVDA - Volatility Comparison

Micron Technology, Inc. (MU) has a higher volatility of 33.47% compared to NVIDIA Corporation (NVDA) at 12.78%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MU	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.47%	12.78%	+20.69%
Volatility (6M) Calculated over the trailing 6-month period	58.69%	26.61%	+32.08%
Volatility (1Y) Calculated over the trailing 1-year period	71.47%	35.31%	+36.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.67%	51.80%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.30%	49.89%	+0.41%

Dividends

MU vs. NVDA - Dividend Comparison

MU's dividend yield for the trailing twelve months is around 0.04%, less than NVDA's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MU Micron Technology, Inc.	0.04%	0.16%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.13%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Financials

MU vs. NVDA - Profitability Comparison

The chart below illustrates the profitability comparison between Micron Technology, Inc. and NVIDIA Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported a gross profit of 17.75B and revenue of 23.86B. Therefore, the gross margin over that period was 74.4%.

NVDA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.

MU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported an operating income of 16.13B and revenue of 23.86B, resulting in an operating margin of 67.6%.

NVDA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.

MU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Micron Technology, Inc. reported a net income of 13.79B and revenue of 23.86B, resulting in a net margin of 57.8%.

NVDA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.

Frequently Asked Questions

Can I hold both MU and NVDA in my portfolio?

MU and NVDA have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MU or NVDA?

MU has higher volatility (33.47%) compared to NVDA (12.78%). In terms of maximum drawdown, MU dropped -98.25% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (12.50 vs 1.29), 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.