VALN vs. MU

Last updated Jul 23, 2026

VALN (Valneva SE) and MU (Micron Technology, Inc.) are both stocks. VALN operates in Biotechnology (Healthcare), while MU operates in Semiconductors (Technology). Over the past 5 years, VALN returned -29.20%/yr vs 66.92%/yr for MU. At a 0.15 correlation, their price movements are largely independent.

Performance

VALN vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valneva SE (VALN) 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, VALN achieves a -44.44% return, which is significantly lower than MU's 236.37% return.

VALN

• 1D: -0.61%
• 1M: -8.41%
• 6M: -50.60%
• YTD: -44.44%
• 1Y: -21.35%
• 3Y*: -31.49%
• 5Y*: -29.20%
• 10Y*: —
• ALL TIME*: -27.61%

MU

• 1D: -1.17%
• 1M: -20.78%
• 6M: 146.72%
• YTD: 236.37%
• 1Y: 779.89%
• 3Y*: 145.40%
• 5Y*: 66.92%
• 10Y*: 53.98%
• ALL TIME*: 17.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MU Micron Technology, Inc.	$38.95B	$51.51B	$46.64B
VALN Valneva SE	$177.83K	$152.71K	$189.08K

VALN vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VALN Valneva SE	-44.44%	101.74%	-57.84%	-18.48%	-77.09%	110.19%
MU Micron Technology, Inc.	236.37%	240.24%	-0.96%	71.93%	-45.93%	10.63%

Correlation

The correlation between VALN and MU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.15

Fundamentals

Market Cap VALN : $464.63M MU : $1.08T
EPS VALN : -€1.61 MU : $44.42
PS Ratio VALN : 2.36 MU : 12.08
PB Ratio VALN : 4.81 MU : 10.88
Total Revenue (TTM) VALN : €156.84M MU : $90.27B
Gross Profit (TTM) VALN : €46.13M MU : $65.51B
EBITDA (TTM) VALN : -€91.00M MU : $44.96B

Return for Risk

VALN vs. MU — Risk / Return Rank

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

VALN

VALN Risk / Return Rank: 35
VALN Sharpe Ratio Rank: 33
VALN Sortino Ratio Rank: 37
VALN Omega Ratio Rank: 38
VALN Calmar Ratio Rank: 34
VALN Martin Ratio Rank: 35

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.

VALN vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Valneva SE (VALN) 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.

	VALN	MU	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	10.22	-10.51
Sortino ratio: Return per unit of downside risk	0.10	5.57	-5.48
Omega ratio: Gain probability vs. loss probability	1.01	1.71	-0.70
Calmar ratio: Return relative to maximum drawdown	-0.36	26.01	-26.37
Martin ratio: Return relative to average drawdown	-0.61	86.18	-86.78

VALN vs. MU - Sharpe Ratio Comparison

The current VALN Sharpe Ratio is -0.29, which is lower than the MU Sharpe Ratio of 10.22. The chart below compares the historical Sharpe Ratios of VALN 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

VALN vs. MU - Drawdown Comparison

The maximum VALN drawdown since its inception was -94.52%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for VALN and MU.

Drawdown Indicators

	VALN	MU	Difference
Max Drawdown Largest peak-to-trough decline	-94.52%	-98.25%	+3.73%
Max Drawdown (1Y) Largest decline over 1 year	-60.33%	-30.28%	-30.05%
Max Drawdown (3Y) Largest decline over 3 years	-75.87%	-57.63%	-18.24%
Max Drawdown (5Y) Largest decline over 5 years	-94.52%	-57.63%	-36.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.63%	—
Current Drawdown Current decline from peak	-92.72%	-20.92%	-71.80%
Average Drawdown Average peak-to-trough decline	-73.75%	-58.04%	-15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.34%	9.12%	+26.22%

Volatility

VALN vs. MU - Volatility Comparison

The current volatility for Valneva SE (VALN) is 10.61%, while Micron Technology, Inc. (MU) has a volatility of 31.15%. This indicates that VALN 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

	VALN	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	31.15%	-20.54%
Volatility (6M) Calculated over the trailing 6-month period	58.78%	63.72%	-4.94%
Volatility (1Y) Calculated over the trailing 1-year period	74.07%	77.22%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.99%	55.26%	+38.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.71%	50.91%	+41.80%

Dividends

VALN vs. MU - Dividend Comparison

VALN has not paid dividends to shareholders, while MU's dividend yield for the trailing twelve months is around 0.06%.

Position	TTM	2025	2024	2023	2022	2021
MU Micron Technology, Inc.	0.06%	0.16%	0.55%	0.54%	0.89%	0.21%
VALN Valneva SE	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both VALN and MU in my portfolio?

VALN and MU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VALN or MU?

MU has higher volatility (31.15%) compared to VALN (10.61%). In terms of maximum drawdown, VALN dropped -94.52% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (10.22 vs -0.29), 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.