MU vs. PPT
MU (Micron Technology, Inc.) is a stock, while PPT (Putnam Premier Income Trust) is Multisector Bonds fund actively managed by Putnam Investments. Over the past 10 years, MU returned 57.08%/yr vs 4.80%/yr for PPT. At a 0.10 correlation, their price movements are largely independent.
Performance
MU vs. PPT - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 281.36% return, which is significantly higher than PPT's 1.40% return. Over the past 10 years, MU has outperformed PPT with an annualized return of 57.08%, while PPT has yielded a comparatively lower 4.80% annualized return.
MU
- 1D
- 10.84%
- 1M
- 50.14%
- YTD
- 281.36%
- 6M
- 358.48%
- 1Y
- 843.42%
- 3Y*
- 153.49%
- 5Y*
- 69.18%
- 10Y*
- 57.08%
PPT
- 1D
- 0.58%
- 1M
- 1.05%
- YTD
- 1.40%
- 6M
- 2.27%
- 1Y
- 2.83%
- 3Y*
- 8.11%
- 5Y*
- 2.05%
- 10Y*
- 4.80%
MU vs. PPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 281.36% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
PPT Putnam Premier Income Trust | 1.40% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
Correlation
The correlation between MU and PPT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 16, 1989 | 0.11 |
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Return for Risk
MU vs. PPT — Risk / Return Rank
MU
PPT
MU vs. PPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and Putnam Premier Income Trust (PPT). 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 | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.81 | ||
| Sortino ratioReturn per unit of downside risk | +5.93 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.06 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 28.14 | 0.56 | +27.58 |
| Martin ratioReturn relative to average drawdown | 106.90 | 1.30 | +105.60 |
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Drawdowns
MU vs. PPT - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than PPT's maximum drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for MU and PPT.
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Drawdown Indicators
| MU | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -49.76% | -48.49% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -5.05% | -25.23% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | -9.10% | -48.53% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -18.92% | -38.71% |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | -31.79% | -25.84% |
Current DrawdownCurrent decline from peak | 0.00% | -3.06% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -58.16% | -11.23% | -46.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 2.18% | +5.77% |
Volatility
MU vs. PPT - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 33.78% compared to Putnam Premier Income Trust (PPT) at 2.25%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.78% | 2.25% | +31.53% |
Volatility (6M)Calculated over the trailing 6-month period | 58.39% | 7.02% | +51.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.48% | 9.37% | +61.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.40% | 11.95% | +41.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.25% | 14.45% | +35.80% |
Dividends
MU vs. PPT - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, less than PPT's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PPT Putnam Premier Income Trust | 9.02% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
MU and PPT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (33.78%) compared to PPT (2.25%). In terms of maximum drawdown, MU dropped -98.25% vs PPT's -49.76%.
MU currently has the higher Sharpe Ratio (12.11 vs 0.30), 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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