NHYDY vs. MU

Last updated Jun 4, 2026

NHYDY (Norsk Hydro ASA ADR) and MU (Micron Technology, Inc.) are both stocks. NHYDY operates in Aluminum (Basic Materials), while MU operates in Semiconductors (Technology). Over the past 10 years, NHYDY returned 18.11%/yr vs 56.13%/yr for MU. At a 0.28 correlation, their price movements are largely independent.

Performance

NHYDY vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Norsk Hydro ASA ADR (NHYDY) 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, NHYDY achieves a 68.65% return, which is significantly lower than MU's 278.41% return. Over the past 10 years, NHYDY has underperformed MU with an annualized return of 18.11%, while MU has yielded a comparatively higher 56.13% annualized return.

NHYDY

• 1D: -2.07%
• 1M: 14.95%
• YTD: 68.65%
• 6M: 78.90%
• 1Y: 139.13%
• 3Y*: 30.26%
• 5Y*: 20.50%
• 10Y*: 18.11%

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)

NHYDY vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NHYDY Norsk Hydro ASA ADR	68.65%	47.30%	-14.94%	-4.18%	5.95%	76.35%	34.91%	-15.68%	-38.01%	65.31%
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 NHYDY and MU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.28

Fundamentals

Market Cap NHYDY : $25.05B MU : $1.23T
EPS NHYDY : $3.10 MU : $21.26
PE Ratio NHYDY : 4.11 MU : 50.79
PEG Ratio NHYDY : 0.17 MU : 0.19
PS Ratio NHYDY : 0.13 MU : 21.07
PB Ratio NHYDY : 0.24 MU : 16.98
Total Revenue (TTM) NHYDY : $201.27B MU : $58.12B
Gross Profit (TTM) NHYDY : $60.54B MU : $33.96B
EBITDA (TTM) NHYDY : $24.40B MU : $25.99B

Return for Risk

NHYDY vs. MU — Risk / Return Rank

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

NHYDY

NHYDY Risk / Return Rank: 98
NHYDY Sharpe Ratio Rank: 98
NHYDY Sortino Ratio Rank: 97
NHYDY Omega Ratio Rank: 96
NHYDY Calmar Ratio Rank: 98
NHYDY 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.

NHYDY vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Norsk Hydro ASA ADR (NHYDY) 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.

	NHYDY	MU	Difference
Sharpe ratio: Return per unit of total volatility	4.46	14.69	-10.22
Sortino ratio: Return per unit of downside risk	4.92	7.32	-2.40
Omega ratio: Gain probability vs. loss probability	1.62	1.94	-0.32
Calmar ratio: Return relative to maximum drawdown	12.11	31.98	-19.87
Martin ratio: Return relative to average drawdown	45.39	126.47	-81.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NHYDY vs. MU - Sharpe Ratio Comparison

The current NHYDY Sharpe Ratio is 4.46, which is lower than the MU Sharpe Ratio of 14.69. The chart below compares the historical Sharpe Ratios of NHYDY 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

	NHYDY	MU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.46	14.69	-10.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	1.30	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	1.13	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.31	+0.16

Drawdowns

NHYDY vs. MU - Drawdown Comparison

The maximum NHYDY drawdown since its inception was -73.90%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for NHYDY and MU.

Drawdown Indicators

	NHYDY	MU	Difference
Max Drawdown Largest peak-to-trough decline	-73.90%	-98.25%	+24.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-30.28%	+18.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.35%	-57.63%	+28.28%
Max Drawdown (5Y) Largest decline over 5 years	-46.67%	-57.63%	+10.96%
Max Drawdown (10Y) Largest decline over 10 years	-73.90%	-57.63%	-16.27%
Current Drawdown Current decline from peak	-2.07%	0.00%	-2.07%
Average Drawdown Average peak-to-trough decline	-25.27%	-58.20%	+32.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	7.64%	-4.56%

Volatility

NHYDY vs. MU - Volatility Comparison

The current volatility for Norsk Hydro ASA ADR (NHYDY) is 10.48%, while Micron Technology, Inc. (MU) has a volatility of 28.51%. This indicates that NHYDY 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

	NHYDY	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.48%	28.51%	-18.03%
Volatility (6M) Calculated over the trailing 6-month period	26.32%	53.48%	-27.16%
Volatility (1Y) Calculated over the trailing 1-year period	31.47%	66.00%	-34.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.22%	52.31%	-13.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.36%	49.66%	-10.30%

Dividends

NHYDY vs. MU - Dividend Comparison

NHYDY's dividend yield for the trailing twelve months is around 2.49%, more than MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
NHYDY Norsk Hydro ASA ADR	2.49%	2.65%	4.30%	8.10%	9.59%	1.86%	5.44%	3.92%	4.96%	1.91%	2.60%

Financials

NHYDY vs. MU - Profitability Comparison

The chart below illustrates the profitability comparison between Norsk Hydro ASA ADR and Micron Technology, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NHYDY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported a gross profit of 16.09B and revenue of 50.39B. Therefore, the gross margin over that period was 31.9%.

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%.

NHYDY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported an operating income of 9.11B and revenue of 50.39B, resulting in an operating margin of 18.1%.

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%.

NHYDY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Norsk Hydro ASA ADR reported a net income of 4.24B and revenue of 50.39B, resulting in a net margin of 8.4%.

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 NHYDY and MU in my portfolio?

NHYDY and MU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NHYDY or MU?

MU has higher volatility (28.51%) compared to NHYDY (10.48%). In terms of maximum drawdown, NHYDY dropped -73.90% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (14.69 vs 4.46), 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.