MU vs. TER

Last updated Jun 27, 2026

MU (Micron Technology, Inc.) and TER (Teradyne, Inc.) are both stocks. Both are in the Technology sector — MU in Semiconductors, TER in Semiconductor Equipment & Materials. Over the past 10 years, MU returned 56.72%/yr vs 37.72%/yr for TER. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

MU vs. TER - Performance Comparison

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

Returns By Period

In the year-to-date period, MU achieves a 296.90% return, which is significantly higher than TER's 125.88% return. Over the past 10 years, MU has outperformed TER with an annualized return of 56.72%, while TER has yielded a comparatively lower 37.72% annualized return.

MU

• 1D: -6.69%
• 1M: 16.61%
• YTD: 296.90%
• 6M: 297.93%
• 1Y: 809.78%
• 3Y*: 158.00%
• 5Y*: 69.89%
• 10Y*: 56.72%

TER

• 1D: -7.44%
• 1M: 16.71%
• YTD: 125.88%
• 6M: 119.81%
• 1Y: 384.76%
• 3Y*: 58.83%
• 5Y*: 28.02%
• 10Y*: 37.72%

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

MU vs. TER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MU Micron Technology, Inc.	296.90%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%
TER Teradyne, Inc.	125.88%	54.39%	16.51%	24.78%	-46.35%	36.81%	76.73%	118.93%	-24.37%	66.16%

Correlation

The correlation between MU and TER is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 16, 1989	0.52

The correlation between MU and TER shifts across timeframes, from 0.51 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MU : $1.29T TER : $68.86B
EPS MU : $44.42 TER : $5.38
PE Ratio MU : 25.49 TER : 81.26
PS Ratio MU : 14.25 TER : 18.33
PB Ratio MU : 12.84 TER : 21.90
Total Revenue (TTM) MU : $90.27B TER : $3.79B
Gross Profit (TTM) MU : $65.51B TER : $2.23B
EBITDA (TTM) MU : $44.96B TER : $1.11B

Return for Risk

MU vs. TER — 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

TER

TER Risk / Return Rank: 98
TER Sharpe Ratio Rank: 99
TER Sortino Ratio Rank: 97
TER Omega Ratio Rank: 97
TER Calmar Ratio Rank: 99
TER Martin Ratio Rank: 99

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. TER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and Teradyne, Inc. (TER). 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	TER	Difference
Sharpe ratio: Return per unit of total volatility	10.86	5.52	+5.34
Sortino ratio: Return per unit of downside risk	5.91	4.41	+1.51
Omega ratio: Gain probability vs. loss probability	1.76	1.62	+0.14
Calmar ratio: Return relative to maximum drawdown	26.71	14.37	+12.34
Martin ratio: Return relative to average drawdown	103.68	50.84	+52.83

MU vs. TER - Sharpe Ratio Comparison

The current MU Sharpe Ratio is 10.86, which is higher than the TER Sharpe Ratio of 5.52. The chart below compares the historical Sharpe Ratios of MU and TER, 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. TER - Drawdown Comparison

The maximum MU drawdown since its inception was -98.25%, roughly equal to the maximum TER drawdown of -97.30%. Use the drawdown chart below to compare losses from any high point for MU and TER.

Drawdown Indicators

	MU	TER	Difference
Max Drawdown Largest peak-to-trough decline	-98.25%	-97.30%	-0.95%
Max Drawdown (1Y) Largest decline over 1 year	-30.28%	-26.73%	-3.55%
Max Drawdown (3Y) Largest decline over 3 years	-57.63%	-58.18%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-57.63%	-59.12%	+1.49%
Max Drawdown (10Y) Largest decline over 10 years	-57.63%	-59.12%	+1.49%
Current Drawdown Current decline from peak	-6.69%	-7.44%	+0.75%
Average Drawdown Average peak-to-trough decline	-58.11%	-58.62%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.89%	7.54%	+0.35%

Volatility

MU vs. TER - Volatility Comparison

Micron Technology, Inc. (MU) has a higher volatility of 36.77% compared to Teradyne, Inc. (TER) at 28.49%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than TER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MU	TER	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.77%	28.49%	+8.28%
Volatility (6M) Calculated over the trailing 6-month period	61.80%	55.93%	+5.87%
Volatility (1Y) Calculated over the trailing 1-year period	74.47%	69.53%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.50%	50.91%	+3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.65%	45.65%	+5.00%

Dividends

MU vs. TER - Dividend Comparison

MU's dividend yield for the trailing twelve months is around 0.04%, less than TER's 0.11% 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%
TER Teradyne, Inc.	0.11%	0.25%	0.38%	0.41%	0.50%	0.24%	0.33%	0.53%	1.15%	0.67%	0.94%	1.16%

Financials

MU vs. TER - Profitability Comparison

The chart below illustrates the profitability comparison between Micron Technology, Inc. and Teradyne, Inc. 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 35.06B and revenue of 41.46B. Therefore, the gross margin over that period was 84.6%.

TER - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a gross profit of 780.95M and revenue of 1.28B. Therefore, the gross margin over that period was 60.9%.

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 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.

TER - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported an operating income of 473.00M and revenue of 1.28B, resulting in an operating margin of 36.9%.

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 28.24B and revenue of 41.46B, resulting in a net margin of 68.1%.

TER - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a net income of 398.91M and revenue of 1.28B, resulting in a net margin of 31.1%.

Frequently Asked Questions

Can I hold both MU and TER in my portfolio?

MU and TER have a correlation of 0.51, 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 TER?

MU has higher volatility (36.77%) compared to TER (28.49%). In terms of maximum drawdown, MU dropped -98.25% vs TER's -97.30%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (10.86 vs 5.52), 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.