NOK vs. MU

Last updated Jun 20, 2026

NOK (Nokia Corporation) and MU (Micron Technology, Inc.) are both stocks. Both are in the Technology sector — NOK in Communication Equipment, MU in Semiconductors. Over the past 10 years, NOK returned 11.62%/yr vs 57.57%/yr for MU. At a 0.34 correlation, their price movements are largely independent.

Performance

NOK vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nokia Corporation (NOK) 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, NOK achieves a 110.55% return, which is significantly lower than MU's 297.49% return. Over the past 10 years, NOK has underperformed MU with an annualized return of 11.62%, while MU has yielded a comparatively higher 57.57% annualized return.

NOK

• 1D: -2.46%
• 1M: -4.87%
• YTD: 110.55%
• 6M: 109.57%
• 1Y: 169.95%
• 3Y*: 51.44%
• 5Y*: 24.48%
• 10Y*: 11.62%

MU

• 1D: 8.70%
• 1M: 48.80%
• YTD: 297.49%
• 6M: 326.79%
• 1Y: 819.66%
• 3Y*: 157.01%
• 5Y*: 72.13%
• 10Y*: 57.57%

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

NOK vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOK Nokia Corporation	110.55%	50.85%	34.33%	-23.97%	-24.44%	59.08%	5.39%	-34.91%	30.04%	-0.22%
MU Micron Technology, Inc.	297.49%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between NOK and MU is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.34

Fundamentals

Market Cap NOK : $77.20B MU : $1.29T
EPS NOK : €0.14 MU : $21.26
PE Ratio NOK : 82.07 MU : 53.35
PEG Ratio NOK : 2.80 MU : 0.20
PS Ratio NOK : 3.27 MU : 22.13
PB Ratio NOK : 3.18 MU : 17.84
Total Revenue (TTM) NOK : €20.00B MU : $58.12B
Gross Profit (TTM) NOK : €8.82B MU : $33.96B
EBITDA (TTM) NOK : €2.24B MU : $25.99B

Return for Risk

NOK vs. MU — Risk / Return Rank

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

NOK

NOK Risk / Return Rank: 94
NOK Sharpe Ratio Rank: 96
NOK Sortino Ratio Rank: 94
NOK Omega Ratio Rank: 94
NOK Calmar Ratio Rank: 95
NOK Martin Ratio Rank: 93

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.

NOK vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) 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.

	NOK	MU	Difference
Sharpe ratio: Return per unit of total volatility	3.14	11.84	-8.69
Sortino ratio: Return per unit of downside risk	3.72	6.34	-2.62
Omega ratio: Gain probability vs. loss probability	1.50	1.80	-0.30
Calmar ratio: Return relative to maximum drawdown	6.91	27.79	-20.88
Martin ratio: Return relative to average drawdown	14.08	105.40	-91.32

NOK vs. MU - Sharpe Ratio Comparison

The current NOK Sharpe Ratio is 3.14, which is lower than the MU Sharpe Ratio of 11.84. The chart below compares the historical Sharpe Ratios of NOK 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

NOK vs. MU - Drawdown Comparison

The maximum NOK drawdown since its inception was -95.99%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for NOK and MU.

Drawdown Indicators

	NOK	MU	Difference
Max Drawdown Largest peak-to-trough decline	-95.99%	-98.25%	+2.26%
Max Drawdown (1Y) Largest decline over 1 year	-24.45%	-30.28%	+5.83%
Max Drawdown (3Y) Largest decline over 3 years	-29.74%	-57.63%	+27.89%
Max Drawdown (5Y) Largest decline over 5 years	-50.56%	-57.63%	+7.07%
Max Drawdown (10Y) Largest decline over 10 years	-62.56%	-57.63%	-4.93%
Current Drawdown Current decline from peak	-54.51%	0.00%	-54.51%
Average Drawdown Average peak-to-trough decline	-64.84%	-58.14%	-6.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.97%	7.97%	+4.00%

Volatility

NOK vs. MU - Volatility Comparison

The current volatility for Nokia Corporation (NOK) is 25.23%, while Micron Technology, Inc. (MU) has a volatility of 33.27%. This indicates that NOK 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

	NOK	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.23%	33.27%	-8.04%
Volatility (6M) Calculated over the trailing 6-month period	41.87%	58.61%	-16.74%
Volatility (1Y) Calculated over the trailing 1-year period	53.74%	71.09%	-17.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.22%	53.57%	-16.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.57%	50.34%	-9.77%

Dividends

NOK vs. MU - Dividend Comparison

NOK's dividend yield for the trailing twelve months is around 1.22%, more than MU's 0.04% 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%
NOK Nokia Corporation	1.22%	2.45%	3.17%	3.51%	1.32%	0.00%	0.00%	3.01%	4.06%	4.07%	6.02%	2.22%

Financials

NOK vs. MU - Profitability Comparison

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

NOK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported a gross profit of 1.99B and revenue of 4.50B. Therefore, the gross margin over that period was 44.2%.

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%.

NOK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported an operating income of 63.00M and revenue of 4.50B, resulting in an operating margin of 1.4%.

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%.

NOK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported a net income of 86.00M and revenue of 4.50B, resulting in a net margin of 1.9%.

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

Frequently Asked Questions

Can I hold both NOK and MU in my portfolio?

NOK and MU have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NOK or MU?

MU has higher volatility (33.27%) compared to NOK (25.23%). In terms of maximum drawdown, NOK dropped -95.99% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (11.84 vs 3.14), 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.