MU vs. TLT
MU (Micron Technology, Inc.) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, MU returned 57.50%/yr vs -1.96%/yr for TLT. At a correlation of -0.19, they often move in opposite directions.
Performance
MU vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 301.44% return, which is significantly higher than TLT's 2.23% return. Over the past 10 years, MU has outperformed TLT with an annualized return of 57.50%, while TLT has yielded a comparatively lower -1.96% annualized return.
MU
- 1D
- 1.14%
- 1M
- 17.95%
- YTD
- 301.44%
- 6M
- 289.22%
- 1Y
- 820.18%
- 3Y*
- 163.91%
- 5Y*
- 69.08%
- 10Y*
- 57.50%
TLT
- 1D
- 0.10%
- 1M
- 2.37%
- YTD
- 2.23%
- 6M
- 1.17%
- 1Y
- 4.63%
- 3Y*
- -1.30%
- 5Y*
- -6.43%
- 10Y*
- -1.96%
MU vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 301.44% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
TLT iShares 20+ Year Treasury Bond ETF | 2.23% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between MU and TLT is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.19 |
The correlation between MU and TLT shifts across timeframes, from -0.19 (all time) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MU vs. TLT — Risk / Return Rank
MU
TLT
MU vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.64 | ||
| Sortino ratioReturn per unit of downside risk | +5.19 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.09 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 27.36 | 0.61 | +26.75 |
| Martin ratioReturn relative to average drawdown | 106.27 | 1.45 | +104.82 |
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Drawdowns
MU vs. TLT - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for MU and TLT.
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Drawdown Indicators
| MU | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -48.35% | -49.90% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -7.58% | -22.70% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | -18.88% | -38.75% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -43.70% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | -48.35% | -9.28% |
Current DrawdownCurrent decline from peak | -5.63% | -38.94% | +33.31% |
Average DrawdownAverage peak-to-trough decline | -58.10% | -13.89% | -44.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 3.20% | +4.59% |
Volatility
MU vs. TLT - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 36.74% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.44%. This indicates that MU's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MU | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.74% | 2.44% | +34.30% |
Volatility (6M)Calculated over the trailing 6-month period | 61.74% | 6.71% | +55.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.57% | 9.53% | +65.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.52% | 15.81% | +38.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.62% | 14.87% | +35.75% |
Dividends
MU vs. TLT - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.04%, less than TLT's 4.48% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.48% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
MU and TLT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (36.74%) compared to TLT (2.44%). In terms of maximum drawdown, MU dropped -98.25% vs TLT's -48.35%.
MU currently has the higher Sharpe Ratio (11.13 vs 0.49), 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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