VOLT vs. MU
VOLT (Tema Electrification ETF) is Global Equities fund actively managed by Tema, while MU (Micron Technology, Inc.) is a stock. Over the past year, VOLT returned 36.60% vs 655.32% for MU. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
VOLT vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, VOLT achieves a 28.30% return, which is significantly lower than MU's 188.53% return.
VOLT
- 1D
- 1.62%
- 1M
- -8.10%
- 6M
- 15.18%
- YTD
- 28.30%
- 1Y
- 36.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.26%
MU
- 1D
- -5.90%
- 1M
- -20.26%
- 6M
- 98.49%
- YTD
- 188.53%
- 1Y
- 655.32%
- 3Y*
- 127.41%
- 5Y*
- 61.18%
- 10Y*
- 51.33%
- ALL TIME*
- 17.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.28B | $42.78B | $49.13B | |
| $11.21M | $11.77M | $15.67M |
VOLT vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VOLT Tema Electrification ETF | 28.30% | 25.92% | -8.98% |
MU Micron Technology, Inc. | 188.53% | 240.24% | -15.60% |
Correlation
The correlation between VOLT and MU is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.57 |
The correlation between VOLT and MU has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.
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Return for Risk
VOLT vs. MU — Risk / Return Rank
VOLT
MU
VOLT vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) 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.
| VOLT | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.63 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 16.92 | -14.78 |
| Martin ratioReturn relative to average drawdown | 8.15 | 64.08 | -55.93 |
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Drawdowns
VOLT vs. MU - Drawdown Comparison
The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for VOLT and MU.
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Drawdown Indicators
| VOLT | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -98.25% | +74.85% |
Max Drawdown (1Y)Largest decline over 1 year | -17.22% | -39.10% | +21.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -11.75% | -32.17% | +20.42% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -58.02% | +52.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 10.31% | -5.81% |
Volatility
VOLT vs. MU - Volatility Comparison
The current volatility for Tema Electrification ETF (VOLT) is 9.95%, while Micron Technology, Inc. (MU) has a volatility of 31.11%. This indicates that VOLT 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.
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Volatility by Period
| VOLT | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 31.11% | -21.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.11% | 67.64% | -46.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.43% | 81.13% | -56.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 56.32% | -30.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 51.42% | -25.96% |
Dividends
VOLT vs. MU - Dividend Comparison
VOLT's dividend yield for the trailing twelve months is around 0.36%, more than MU's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
VOLT Tema Electrification ETF | 0.36% | 0.46% | 0.01% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VOLT and MU have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (31.11%) compared to VOLT (9.95%). In terms of maximum drawdown, VOLT dropped -23.40% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (8.17 vs 1.50), 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.
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