NGEX.TO vs. MU

Last updated Jun 13, 2026

NGEX.TO (NGEx Minerals Ltd) and MU (Micron Technology, Inc.) are both stocks. NGEX.TO operates in Other Industrial Metals & Mining (Basic Materials), while MU operates in Semiconductors (Technology). Over the past 5 years, NGEX.TO returned 106.42%/yr vs 71.12%/yr for MU. At a 0.11 correlation, their price movements are largely independent.

Performance

NGEX.TO vs. MU - Performance Comparison

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

Different Trading Currencies

NGEX.TO is traded in CAD, while MU is traded in USD. To make them comparable, the MU values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NGEX.TO achieves a 3.95% return, which is significantly lower than MU's 251.42% return.

NGEX.TO

• 1D: 6.87%
• 1M: -9.37%
• YTD: 3.95%
• 6M: 6.06%
• 1Y: 74.95%
• 3Y*: 58.44%
• 5Y*: 106.42%
• 10Y*: —

MU

• 1D: -1.15%
• 1M: 24.73%
• YTD: 251.42%
• 6M: 313.66%
• 1Y: 766.84%
• 3Y*: 148.44%
• 5Y*: 71.12%
• 10Y*: 57.18%

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

NGEX.TO vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NGEX.TO NGEx Minerals Ltd	3.95%	90.90%	87.29%	132.47%	66.49%	255.77%	35.06%	-41.67%
MU Micron Technology, Inc.	251.05%	224.71%	7.42%	67.84%	-42.50%	24.15%	36.47%	17.63%

Correlation

The correlation between NGEX.TO and MU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.11

The correlation between NGEX.TO and MU shifts across timeframes, from 0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NGEX.TO : CA$5.77B MU : $1.12T
EPS NGEX.TO : -CA$0.63 MU : $21.26
PB Ratio NGEX.TO : 9.07 MU : 15.44
Total Revenue (TTM) NGEX.TO : CA$0.00 MU : $58.12B
Gross Profit (TTM) NGEX.TO : -CA$36.44K MU : $33.96B
EBITDA (TTM) NGEX.TO : -CA$134.74M MU : $25.99B

Return for Risk

NGEX.TO vs. MU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NGEX.TO

NGEX.TO Risk / Return Rank: 77
NGEX.TO Sharpe Ratio Rank: 80
NGEX.TO Sortino Ratio Rank: 72
NGEX.TO Omega Ratio Rank: 74
NGEX.TO Calmar Ratio Rank: 80
NGEX.TO Martin Ratio Rank: 80

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

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.

NGEX.TO vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NGEx Minerals Ltd (NGEX.TO) and Micron Technology, Inc. (MU). 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.

	NGEX.TO	MU	Difference
Sharpe ratio: Return per unit of total volatility	1.30	11.13	-9.83
Sortino ratio: Return per unit of downside risk	1.77	6.27	-4.51
Omega ratio: Gain probability vs. loss probability	1.24	1.79	-0.55
Calmar ratio: Return relative to maximum drawdown	2.48	26.51	-24.03
Martin ratio: Return relative to average drawdown	6.16	99.06	-92.90

NGEX.TO vs. MU - Sharpe Ratio Comparison

The current NGEX.TO Sharpe Ratio is 1.30, which is lower than the MU Sharpe Ratio of 11.13. The chart below compares the historical Sharpe Ratios of NGEX.TO and MU, 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

NGEX.TO vs. MU - Drawdown Comparison

The maximum NGEX.TO drawdown since its inception was -66.75%, smaller than the maximum MU drawdown of -90.73%. Use the drawdown chart below to compare losses from any high point for NGEX.TO and MU.

Drawdown Indicators

	NGEX.TO	MU	Difference
Max Drawdown Largest peak-to-trough decline	-66.75%	-90.73%	+23.98%
Max Drawdown (1Y) Largest decline over 1 year	-30.62%	-29.21%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-30.62%	-56.49%	+25.87%
Max Drawdown (5Y) Largest decline over 5 years	-66.75%	-56.49%	-10.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.49%	—
Current Drawdown Current decline from peak	-16.43%	-8.14%	-8.29%
Average Drawdown Average peak-to-trough decline	-18.77%	-35.84%	+17.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	7.80%	+4.51%

Volatility

NGEX.TO vs. MU - Volatility Comparison

The current volatility for NGEx Minerals Ltd (NGEX.TO) is 26.53%, while Micron Technology, Inc. (MU) has a volatility of 32.72%. This indicates that NGEX.TO experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NGEX.TO	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.53%	32.72%	-6.19%
Volatility (6M) Calculated over the trailing 6-month period	45.97%	57.76%	-11.79%
Volatility (1Y) Calculated over the trailing 1-year period	58.36%	69.56%	-11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.92%	53.57%	+9.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.85%	50.65%	+21.20%

Dividends

NGEX.TO vs. MU - Dividend Comparison

NGEX.TO has not paid dividends to shareholders, while MU's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023	2022	2021
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%
NGEX.TO NGEx Minerals Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NGEX.TO and MU in my portfolio?

NGEX.TO and MU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.