PZG vs. MU

Last updated Jun 3, 2026

PZG (Paramount Gold Nevada Corp.) and MU (Micron Technology, Inc.) are both stocks. PZG operates in Gold (Basic Materials), while MU operates in Semiconductors (Technology). Over the past 10 years, PZG returned -0.30%/yr vs 56.13%/yr for MU. At a 0.10 correlation, their price movements are largely independent.

Performance

PZG vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Gold Nevada Corp. (PZG) 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, PZG achieves a 10.32% return, which is significantly lower than MU's 278.41% return. Over the past 10 years, PZG has underperformed MU with an annualized return of -0.30%, while MU has yielded a comparatively higher 56.13% annualized return.

PZG

• 1D: 2.21%
• 1M: -3.47%
• YTD: 10.32%
• 6M: 18.80%
• 1Y: 135.59%
• 3Y*: 68.61%
• 5Y*: 5.97%
• 10Y*: -0.30%

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)

PZG vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PZG Paramount Gold Nevada Corp.	10.32%	268.42%	-8.80%	8.70%	-50.62%	-40.29%	51.28%	-6.82%	-36.15%	-26.97%
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 PZG and MU is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 9, 2006	0.10

Fundamentals

Market Cap PZG : $115.56M MU : $1.23T
EPS PZG : -$0.09 MU : $21.26
PB Ratio PZG : 3.27 MU : 16.98
Total Revenue (TTM) PZG : $0.00 MU : $58.12B
Gross Profit (TTM) PZG : -$892.14K MU : $33.96B
EBITDA (TTM) PZG : -$11.01M MU : $25.99B

Return for Risk

PZG vs. MU — Risk / Return Rank

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

PZG

PZG Risk / Return Rank: 82
PZG Sharpe Ratio Rank: 86
PZG Sortino Ratio Rank: 84
PZG Omega Ratio Rank: 80
PZG Calmar Ratio Rank: 81
PZG Martin Ratio Rank: 80

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.

PZG vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paramount Gold Nevada Corp. (PZG) 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.

	PZG	MU	Difference
Sharpe ratio Return per unit of total volatility	1.91	14.69	-12.78
Sortino ratio Return per unit of downside risk	2.67	7.32	-4.65
Omega ratio Gain probability vs. loss probability	1.31	1.94	-0.63
Calmar ratio Return relative to maximum drawdown	2.94	31.98	-29.04
Martin ratio Return relative to average drawdown	7.04	126.47	-119.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PZG vs. MU - Sharpe Ratio Comparison

The current PZG Sharpe Ratio is 1.91, which is lower than the MU Sharpe Ratio of 14.69. The chart below compares the historical Sharpe Ratios of PZG 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

	PZG	MU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	14.69	-12.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	1.30	-1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	1.13	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.31	-0.39

Drawdowns

PZG vs. MU - Drawdown Comparison

The maximum PZG drawdown since its inception was -93.81%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for PZG and MU.

Drawdown Indicators

	PZG	MU	Difference
Max Drawdown Largest peak-to-trough decline	-93.81%	-98.25%	+4.44%
Max Drawdown (1Y) Largest decline over 1 year	-51.31%	-30.28%	-21.03%
Max Drawdown (3Y) Largest decline over 3 years	-51.31%	-57.63%	+6.32%
Max Drawdown (5Y) Largest decline over 5 years	-74.05%	-57.63%	-16.42%
Max Drawdown (10Y) Largest decline over 10 years	-90.14%	-57.63%	-32.51%
Current Drawdown Current decline from peak	-68.55%	0.00%	-68.55%
Average Drawdown Average peak-to-trough decline	-68.57%	-58.20%	-10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.42%	7.64%	+13.78%

Volatility

PZG vs. MU - Volatility Comparison

The current volatility for Paramount Gold Nevada Corp. (PZG) is 15.88%, while Micron Technology, Inc. (MU) has a volatility of 28.51%. This indicates that PZG 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

	PZG	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.88%	28.51%	-12.63%
Volatility (6M) Calculated over the trailing 6-month period	56.82%	53.48%	+3.34%
Volatility (1Y) Calculated over the trailing 1-year period	71.64%	66.00%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.61%	52.31%	+10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.64%	49.66%	+10.98%

Dividends

PZG vs. MU - Dividend Comparison

PZG 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%
PZG Paramount Gold Nevada Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both PZG and MU in my portfolio?

PZG and MU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PZG or MU?

MU has higher volatility (28.51%) compared to PZG (15.88%). In terms of maximum drawdown, PZG dropped -93.81% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (14.69 vs 1.91), 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.