NGL vs. MU

Last updated Jun 4, 2026

NGL (NGL Energy Partners LP) and MU (Micron Technology, Inc.) are both stocks. NGL operates in Oil & Gas Refining & Marketing (Energy), while MU operates in Semiconductors (Technology). Over the past 10 years, NGL returned 5.97%/yr vs 56.13%/yr for MU. At a 0.18 correlation, their price movements are largely independent.

Performance

NGL vs. MU - Performance Comparison

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

Returns By Period

In the year-to-date period, NGL achieves a 62.80% return, which is significantly lower than MU's 278.41% return. Over the past 10 years, NGL has underperformed MU with an annualized return of 5.97%, while MU has yielded a comparatively higher 56.13% annualized return.

NGL

• 1D: -1.51%
• 1M: 2.71%
• YTD: 62.80%
• 6M: 71.91%
• 1Y: 378.82%
• 3Y*: 66.61%
• 5Y*: 45.34%
• 10Y*: 5.97%

MU

• 1D: 1.45%
• 1M: 87.28%
• YTD: 278.41%
• 6M: 361.42%
• 1Y: 958.34%
• 3Y*: 150.98%
• 5Y*: 67.58%
• 10Y*: 56.13%

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

NGL vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NGL NGL Energy Partners LP	62.80%	100.40%	-10.41%	360.33%	-33.52%	-24.17%	-75.27%	34.05%	-22.35%	-20.22%
MU Micron Technology, Inc.	278.41%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between NGL and MU is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 17, 2011	0.18

Fundamentals

EPS NGL : $1.24 MU : $21.26
PE Ratio NGL : 13.11 MU : 50.79
PEG Ratio NGL : 0.12 MU : 0.19
PS Ratio NGL : 0.66 MU : 21.07
Total Revenue (TTM) NGL : $3.18B MU : $58.12B
Gross Profit (TTM) NGL : $755.25M MU : $33.96B
EBITDA (TTM) NGL : $639.38M MU : $25.99B

Return for Risk

NGL vs. MU — Risk / Return Rank

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

NGL

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

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 99
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.

NGL vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NGL Energy Partners LP (NGL) 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.

	NGL	MU	Difference
Sharpe ratio: Return per unit of total volatility	7.10	14.69	-7.59
Sortino ratio: Return per unit of downside risk	6.66	7.32	-0.67
Omega ratio: Gain probability vs. loss probability	1.85	1.94	-0.08
Calmar ratio: Return relative to maximum drawdown	24.16	31.98	-7.82
Martin ratio: Return relative to average drawdown	60.85	126.47	-65.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NGL vs. MU - Sharpe Ratio Comparison

The current NGL Sharpe Ratio is 7.10, which is lower than the MU Sharpe Ratio of 14.69. The chart below compares the historical Sharpe Ratios of NGL 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.

Sharpe Ratios by Period

	NGL	MU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.10	14.69	-7.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	1.30	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	1.13	-1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.31	-0.23

Drawdowns

NGL vs. MU - Drawdown Comparison

The maximum NGL drawdown since its inception was -94.71%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for NGL and MU.

Drawdown Indicators

	NGL	MU	Difference
Max Drawdown Largest peak-to-trough decline	-94.71%	-98.25%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-15.80%	-30.28%	+14.48%
Max Drawdown (3Y) Largest decline over 3 years	-53.72%	-57.63%	+3.91%
Max Drawdown (5Y) Largest decline over 5 years	-63.12%	-57.63%	-5.49%
Max Drawdown (10Y) Largest decline over 10 years	-92.74%	-57.63%	-35.11%
Current Drawdown Current decline from peak	-17.12%	0.00%	-17.12%
Average Drawdown Average peak-to-trough decline	-51.84%	-58.20%	+6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	7.64%	-1.38%

Volatility

NGL vs. MU - Volatility Comparison

The current volatility for NGL Energy Partners LP (NGL) is 12.69%, while Micron Technology, Inc. (MU) has a volatility of 28.51%. This indicates that NGL 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

	NGL	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.69%	28.51%	-15.82%
Volatility (6M) Calculated over the trailing 6-month period	33.42%	53.48%	-20.06%
Volatility (1Y) Calculated over the trailing 1-year period	53.78%	66.00%	-12.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.99%	52.31%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.53%	49.66%	+19.87%

Dividends

NGL vs. MU - Dividend Comparison

NGL 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	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%
NGL NGL Energy Partners LP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37.08%	13.76%	16.27%	16.23%	8.62%	22.78%

Financials

NGL vs. MU - Profitability Comparison

The chart below illustrates the profitability comparison between NGL Energy Partners LP and Micron Technology, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NGL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NGL Energy Partners LP reported a gross profit of 194.75M and revenue of 909.82M. Therefore, the gross margin over that period was 21.4%.

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 17.75B and revenue of 23.86B. Therefore, the gross margin over that period was 74.4%.

NGL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NGL Energy Partners LP reported an operating income of 109.14M and revenue of 909.82M, resulting in an operating margin of 12.0%.

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 16.13B and revenue of 23.86B, resulting in an operating margin of 67.6%.

NGL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NGL Energy Partners LP reported a net income of 47.18M and revenue of 909.82M, resulting in a net margin of 5.2%.

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 13.79B and revenue of 23.86B, resulting in a net margin of 57.8%.

Frequently Asked Questions

Can I hold both NGL and MU in my portfolio?

NGL and MU have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NGL or MU?

MU has higher volatility (28.51%) compared to NGL (12.69%). In terms of maximum drawdown, NGL dropped -94.71% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (14.69 vs 7.10), 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.