PEGA vs. MU

Last updated Jun 13, 2026

PEGA (Pegasystems Inc.) and MU (Micron Technology, Inc.) are both stocks. Both are in the Technology sector — PEGA in Software - Application, MU in Semiconductors. Over the past 10 years, PEGA returned 9.23%/yr vs 55.83%/yr for MU. At a 0.27 correlation, their price movements are largely independent.

Performance

PEGA vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pegasystems Inc. (PEGA) 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, PEGA achieves a -45.08% return, which is significantly lower than MU's 244.07% return. Over the past 10 years, PEGA has underperformed MU with an annualized return of 9.23%, while MU has yielded a comparatively higher 55.83% annualized return.

PEGA

• 1D: -0.15%
• 1M: -2.82%
• YTD: -45.08%
• 6M: -44.99%
• 1Y: -33.56%
• 3Y*: 8.87%
• 5Y*: -12.80%
• 10Y*: 9.23%

MU

• 1D: -1.43%
• 1M: 35.46%
• YTD: 244.07%
• 6M: 307.41%
• 1Y: 751.18%
• 3Y*: 144.69%
• 5Y*: 66.21%
• 10Y*: 55.83%

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

PEGA vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEGA Pegasystems Inc.	-45.08%	28.39%	91.01%	43.07%	-69.29%	-16.01%	67.51%	66.81%	1.66%	31.28%
MU Micron Technology, Inc.	244.07%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between PEGA and MU is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 19, 1996	0.27

Over the past year, the correlation between PEGA and MU has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Fundamentals

Market Cap PEGA : $5.86B MU : $1.12T
EPS PEGA : $1.87 MU : $21.26
PE Ratio PEGA : 17.53 MU : 46.18
PEG Ratio PEGA : 0.09 MU : 0.17
PS Ratio PEGA : 3.51 MU : 19.16
PB Ratio PEGA : 8.30 MU : 15.44
Total Revenue (TTM) PEGA : $1.70B MU : $58.12B
Gross Profit (TTM) PEGA : $1.27B MU : $33.96B
EBITDA (TTM) PEGA : $211.67M MU : $25.99B

Return for Risk

PEGA vs. MU — Risk / Return Rank

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

PEGA

PEGA Risk / Return Rank: 14
PEGA Sharpe Ratio Rank: 12
PEGA Sortino Ratio Rank: 14
PEGA Omega Ratio Rank: 15
PEGA Calmar Ratio Rank: 17
PEGA Martin Ratio Rank: 11

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.

PEGA vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pegasystems Inc. (PEGA) 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.

	PEGA	MU	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	10.83	-11.55
Sortino ratio: Return per unit of downside risk	-0.90	6.14	-7.04
Omega ratio: Gain probability vs. loss probability	0.89	1.78	-0.89
Calmar ratio: Return relative to maximum drawdown	-0.69	24.91	-25.60
Martin ratio: Return relative to average drawdown	-1.33	94.64	-95.97

PEGA vs. MU - Sharpe Ratio Comparison

The current PEGA Sharpe Ratio is -0.72, which is lower than the MU Sharpe Ratio of 10.83. The chart below compares the historical Sharpe Ratios of PEGA 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

PEGA vs. MU - Drawdown Comparison

The maximum PEGA drawdown since its inception was -94.81%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for PEGA and MU.

Drawdown Indicators

	PEGA	MU	Difference
Max Drawdown Largest peak-to-trough decline	-94.81%	-98.25%	+3.44%
Max Drawdown (1Y) Largest decline over 1 year	-50.84%	-30.28%	-20.56%
Max Drawdown (3Y) Largest decline over 3 years	-50.84%	-57.63%	+6.79%
Max Drawdown (5Y) Largest decline over 5 years	-78.59%	-57.63%	-20.96%
Max Drawdown (10Y) Largest decline over 10 years	-79.21%	-57.63%	-21.58%
Current Drawdown Current decline from peak	-54.86%	-9.07%	-45.79%
Average Drawdown Average peak-to-trough decline	-44.86%	-58.16%	+13.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.39%	7.95%	+18.44%

Volatility

PEGA vs. MU - Volatility Comparison

The current volatility for Pegasystems Inc. (PEGA) is 12.27%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that PEGA 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

	PEGA	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	32.86%	-20.59%
Volatility (6M) Calculated over the trailing 6-month period	38.25%	57.74%	-19.49%
Volatility (1Y) Calculated over the trailing 1-year period	49.03%	69.66%	-20.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.50%	53.18%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.02%	50.12%	-6.10%

Dividends

PEGA vs. MU - Dividend Comparison

PEGA's dividend yield for the trailing twelve months is around 0.37%, more than MU's 0.05% yield.

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%
PEGA Pegasystems Inc.	0.37%	0.15%	0.10%	0.25%	0.35%	0.11%	0.09%	0.15%	0.25%	0.25%	0.33%	0.44%

Financials

PEGA vs. MU - Profitability Comparison

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

PEGA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pegasystems Inc. reported a gross profit of 323.22M and revenue of 429.97M. Therefore, the gross margin over that period was 75.2%.

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%.

PEGA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pegasystems Inc. reported an operating income of 37.15M and revenue of 429.97M, resulting in an operating margin of 8.6%.

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%.

PEGA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pegasystems Inc. reported a net income of 32.76M and revenue of 429.97M, resulting in a net margin of 7.6%.

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 PEGA and MU in my portfolio?

PEGA and MU have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEGA or MU?

MU has higher volatility (32.86%) compared to PEGA (12.27%). In terms of maximum drawdown, PEGA dropped -94.81% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (10.83 vs -0.72), 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.