MU vs. PEMX
MU (Micron Technology, Inc.) is a stock, while PEMX (Putnam Emerging Markets Ex-China ETF) is Emerging Markets Diversified fund actively managed by Putnam. Over the past 3 years, MU returned 144.69%/yr vs 32.32%/yr for PEMX. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
MU vs. PEMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MU achieves a 244.07% return, which is significantly higher than PEMX's 37.04% 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%
PEMX
- 1D
- 0.38%
- 1M
- 8.00%
- YTD
- 37.04%
- 6M
- 41.88%
- 1Y
- 68.11%
- 3Y*
- 32.32%
- 5Y*
- —
- 10Y*
- —
MU vs. PEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MU Micron Technology, Inc. | 244.07% | 240.24% | -0.96% | 32.10% |
PEMX Putnam Emerging Markets Ex-China ETF | 37.04% | 34.01% | 17.21% | 15.13% |
Correlation
The correlation between MU and PEMX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.57 |
The correlation between MU and PEMX has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MU vs. PEMX — Risk / Return Rank
MU
PEMX
MU vs. PEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and Putnam Emerging Markets Ex-China ETF (PEMX). 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 | PEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.49 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 24.91 | 4.56 | +20.35 |
| Martin ratioReturn relative to average drawdown | 94.64 | 17.36 | +77.28 |
Loading charts...
Drawdowns
MU vs. PEMX - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than PEMX's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for MU and PEMX.
Loading charts...
Drawdown Indicators
| MU | PEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -14.91% | -83.34% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -14.45% | -15.83% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | -14.91% | -42.72% |
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% | -2.98% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -58.16% | -2.86% | -55.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 3.79% | +4.16% |
Volatility
MU vs. PEMX - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 32.86% compared to Putnam Emerging Markets Ex-China ETF (PEMX) at 12.65%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than PEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MU | PEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.86% | 12.65% | +20.21% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 21.23% | +36.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.66% | 23.64% | +46.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.18% | 18.94% | +34.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.12% | 18.94% | +31.18% |
Dividends
MU vs. PEMX - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, less than PEMX's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
PEMX Putnam Emerging Markets Ex-China ETF | 5.11% | 7.00% | 5.00% | 0.72% | 0.00% | 0.00% |
Frequently Asked Questions
MU and PEMX have a correlation of 0.60, 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 PEMX (12.65%). In terms of maximum drawdown, MU dropped -98.25% vs PEMX's -14.91%.
MU currently has the higher Sharpe Ratio (10.83 vs 2.79), 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.
Find the right allocation for MU and PEMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer