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MU vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MUSPY
YTD Return39.74%10.41%
1Y Return102.56%34.16%
3Y Return (Ann)11.30%11.38%
5Y Return (Ann)24.07%14.99%
10Y Return (Ann)18.69%12.96%
Sharpe Ratio2.682.93
Daily Std Dev38.27%11.54%
Max Drawdown-98.25%-55.19%
Current Drawdown0.00%0.00%

Correlation

0.49
-1.001.00

The correlation between MU and SPY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

MU vs. SPY - Performance Comparison

In the year-to-date period, MU achieves a 39.74% return, which is significantly higher than SPY's 10.41% return. Over the past 10 years, MU has outperformed SPY with an annualized return of 18.69%, while SPY has yielded a comparatively lower 12.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


2,000.00%3,000.00%4,000.00%5,000.00%OctoberNovemberDecember2024FebruaryMarch
5,454.26%
2,012.31%
MU
SPY

Compare stocks, funds, or ETFs


Micron Technology, Inc.

SPDR S&P 500 ETF

Risk-Adjusted Performance

MU vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
MU
Micron Technology, Inc.
2.68
SPY
SPDR S&P 500 ETF
2.96

MU vs. SPY - Sharpe Ratio Comparison

The current MU Sharpe Ratio is 2.68, which roughly equals the SPY Sharpe Ratio of 2.96. The chart below compares the 12-month rolling Sharpe Ratio of MU and SPY.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
2.68
2.96
MU
SPY

Dividends

MU vs. SPY - Dividend Comparison

MU's dividend yield for the trailing twelve months is around 0.48%, less than SPY's 1.28% yield.


TTM20232022202120202019201820172016201520142013
MU
Micron Technology, Inc.
0.48%0.54%0.89%0.21%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.28%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

MU vs. SPY - Drawdown Comparison

The maximum MU drawdown since its inception was -98.25%, which is greater than SPY's maximum drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for MU and SPY


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
MU
SPY

Volatility

MU vs. SPY - Volatility Comparison

Micron Technology, Inc. (MU) has a higher volatility of 16.77% compared to SPDR S&P 500 ETF (SPY) at 2.74%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%OctoberNovemberDecember2024FebruaryMarch
16.77%
2.74%
MU
SPY