MU vs. RGA

Last updated Jul 11, 2026

MU (Micron Technology, Inc.) and RGA (Reinsurance Group of America, Incorporated) are both stocks. MU operates in Semiconductors (Technology), while RGA operates in Insurance - Reinsurance (Financial Services). Over the past 10 years, MU returned 54.18%/yr vs 11.40%/yr for RGA. At a 0.33 correlation, their price movements are largely independent.

Performance

MU vs. RGA - Performance Comparison

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

Returns By Period

In the year-to-date period, MU achieves a 243.32% return, which is significantly higher than RGA's 14.83% return. Over the past 10 years, MU has outperformed RGA with an annualized return of 54.18%, while RGA has yielded a comparatively lower 11.40% annualized return.

MU

• 1D: -1.24%
• 1M: -1.65%
• 6M: 183.94%
• YTD: 243.32%
• 1Y: 687.66%
• 3Y*: 149.71%
• 5Y*: 66.39%
• 10Y*: 54.18%

RGA

• 1D: 0.29%
• 1M: 12.35%
• 6M: 15.97%
• YTD: 14.83%
• 1Y: 21.33%
• 3Y*: 19.97%
• 5Y*: 17.91%
• 10Y*: 11.40%

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

MU vs. RGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MU Micron Technology, Inc.	243.32%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%
RGA Reinsurance Group of America, Incorporated	14.83%	-2.97%	34.38%	16.39%	33.04%	-3.21%	-27.02%	18.29%	-8.71%	25.59%

Correlation

The correlation between MU and RGA is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 12, 2008	0.33

The correlation between MU and RGA shifts across timeframes, from -0.11 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MU : $1.11T RGA : $15.14B
EPS MU : $44.42 RGA : $20.15
PE Ratio MU : 22.05 RGA : 11.47
PEG Ratio MU : 0.08 RGA : 0.43
PS Ratio MU : 12.33 RGA : 0.57
Total Revenue (TTM) MU : $90.27B RGA : $18.13B
Gross Profit (TTM) MU : $65.51B RGA : $3.15B
EBITDA (TTM) MU : $44.96B RGA : $1.46B

Return for Risk

MU vs. RGA — 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

RGA

RGA Risk / Return Rank: 71
RGA Sharpe Ratio Rank: 72
RGA Sortino Ratio Rank: 67
RGA Omega Ratio Rank: 65
RGA Calmar Ratio Rank: 74
RGA Martin Ratio Rank: 75

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. RGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and Reinsurance Group of America, Incorporated (RGA). 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	RGA	Difference
Sharpe ratio: Return per unit of total volatility	9.29	0.84	+8.45
Sortino ratio: Return per unit of downside risk	5.41	1.33	+4.08
Omega ratio: Gain probability vs. loss probability	1.69	1.16	+0.53
Calmar ratio: Return relative to maximum drawdown	23.23	1.58	+21.65
Martin ratio: Return relative to average drawdown	83.25	3.78	+79.47

MU vs. RGA - Sharpe Ratio Comparison

The current MU Sharpe Ratio is 9.29, which is higher than the RGA Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of MU and RGA, 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. RGA - Drawdown Comparison

The maximum MU drawdown since its inception was -98.25%, which is greater than RGA's maximum drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for MU and RGA.

Drawdown Indicators

	MU	RGA	Difference
Max Drawdown Largest peak-to-trough decline	-98.25%	-65.75%	-32.50%
Max Drawdown (1Y) Largest decline over 1 year	-30.28%	-12.68%	-17.60%
Max Drawdown (3Y) Largest decline over 3 years	-57.63%	-27.11%	-30.52%
Max Drawdown (5Y) Largest decline over 5 years	-57.63%	-27.11%	-30.52%
Max Drawdown (10Y) Largest decline over 10 years	-57.63%	-65.75%	+8.12%
Current Drawdown Current decline from peak	-19.29%	0.00%	-19.29%
Average Drawdown Average peak-to-trough decline	-58.07%	-11.64%	-46.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	5.30%	+3.13%

Volatility

MU vs. RGA - Volatility Comparison

Micron Technology, Inc. (MU) has a higher volatility of 33.63% compared to Reinsurance Group of America, Incorporated (RGA) at 6.22%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than RGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MU	RGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.63%	6.22%	+27.41%
Volatility (6M) Calculated over the trailing 6-month period	62.19%	17.21%	+44.98%
Volatility (1Y) Calculated over the trailing 1-year period	75.68%	23.85%	+51.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.75%	27.67%	+27.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.65%	32.90%	+17.75%

Dividends

MU vs. RGA - Dividend Comparison

MU's dividend yield for the trailing twelve months is around 0.05%, less than RGA's 1.80% 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%
RGA Reinsurance Group of America, Incorporated	1.80%	1.79%	1.63%	2.04%	2.15%	2.61%	2.42%	1.59%	1.57%	1.17%	1.24%	1.64%

Financials

MU vs. RGA - Profitability Comparison

The chart below illustrates the profitability comparison between Micron Technology, Inc. and Reinsurance Group of America, Incorporated 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 Jul 2026, Micron Technology, Inc. reported a gross profit of 35.06B and revenue of 41.46B. Therefore, the gross margin over that period was 84.6%.

RGA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported a gross profit of 0.00 and revenue of 6.49M. Therefore, the gross margin over that period was 0.0%.

MU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported an operating income of 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.

RGA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported an operating income of 441.00K and revenue of 6.49M, resulting in an operating margin of 6.8%.

MU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported a net income of 28.24B and revenue of 41.46B, resulting in a net margin of 68.1%.

RGA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported a net income of 331.00K and revenue of 6.49M, resulting in a net margin of 5.1%.

Frequently Asked Questions

Can I hold both MU and RGA in my portfolio?

MU and RGA have a correlation of -0.11, 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 RGA?

MU has higher volatility (33.63%) compared to RGA (6.22%). In terms of maximum drawdown, MU dropped -98.25% vs RGA's -65.75%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (9.29 vs 0.84), 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.