LECO vs. MLI
LECO (Lincoln Electric Holdings, Inc.) and MLI (Mueller Industries, Inc.) are both stocks. Both are in the Industrials sector — LECO in Tools & Accessories, MLI in Metal Fabrication. Over the past 10 years, LECO returned 17.77%/yr vs 25.71%/yr for MLI. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
LECO vs. MLI - Performance Comparison
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Returns By Period
In the year-to-date period, LECO achieves a 9.72% return, which is significantly lower than MLI's 16.37% return. Over the past 10 years, LECO has underperformed MLI with an annualized return of 17.77%, while MLI has yielded a comparatively higher 25.71% annualized return.
LECO
- 1D
- 4.43%
- 1M
- 1.11%
- 6M
- -0.91%
- YTD
- 9.72%
- 1Y
- 9.75%
- 3Y*
- 10.81%
- 5Y*
- 15.07%
- 10Y*
- 17.77%
- ALL TIME*
- 14.26%
MLI
- 1D
- -0.67%
- 1M
- 17.54%
- 6M
- -1.87%
- YTD
- 16.37%
- 1Y
- 61.07%
- 3Y*
- 51.41%
- 5Y*
- 45.63%
- 10Y*
- 25.71%
- ALL TIME*
- 17.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $128.09M | $97.46M | $95.40M | |
| $96.51M | $99.99M | $92.66M |
LECO vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LECO Lincoln Electric Holdings, Inc. | 9.72% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
MLI Mueller Industries, Inc. | 16.37% | 46.29% | 70.51% | 62.38% | 1.05% | 70.95% | 12.30% | 37.79% | -33.10% | -2.76% |
Correlation
The correlation between LECO and MLI is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 1995 | 0.49 |
The correlation between LECO and MLI shifts across timeframes, from 0.49 (all time) to 0.62 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
LECO:
$14.32B
MLI:
$14.69B
LECO:
$10.00
MLI:
$3.84
LECO:
26.13
MLI:
17.31
LECO:
1.13
MLI:
1.12
LECO:
3.23
MLI:
3.16
LECO:
9.26
MLI:
4.14
LECO:
$4.48B
MLI:
$4.66B
LECO:
$1.61B
MLI:
$1.26B
LECO:
$887.34M
MLI:
$1.18B
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Return for Risk
LECO vs. MLI — Risk / Return Rank
LECO
MLI
LECO vs. MLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) and Mueller Industries, Inc. (MLI). 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.
| LECO | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.58 | -2.14 |
| Martin ratioReturn relative to average drawdown | 0.97 | 6.20 | -5.23 |
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Drawdowns
LECO vs. MLI - Drawdown Comparison
The maximum LECO drawdown since its inception was -68.89%, which is greater than MLI's maximum drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for LECO and MLI.
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Drawdown Indicators
| LECO | MLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.89% | -61.72% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -22.33% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -34.29% | -27.79% | -6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -34.29% | -27.79% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -38.89% | -52.95% | +14.06% |
Current DrawdownCurrent decline from peak | -12.02% | -5.44% | -6.58% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -16.02% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 9.26% | -0.27% |
Volatility
LECO vs. MLI - Volatility Comparison
Lincoln Electric Holdings, Inc. (LECO) has a higher volatility of 10.71% compared to Mueller Industries, Inc. (MLI) at 9.62%. This indicates that LECO's price experiences larger fluctuations and is considered to be riskier than MLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LECO | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 9.62% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 28.57% | -6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.96% | 32.10% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.06% | 33.22% | -6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.61% | 35.95% | -8.34% |
Dividends
LECO vs. MLI - Dividend Comparison
LECO's dividend yield for the trailing twelve months is around 1.19%, more than MLI's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LECO Lincoln Electric Holdings, Inc. | 1.19% | 1.27% | 1.54% | 1.21% | 1.61% | 1.50% | 1.70% | 1.96% | 2.08% | 1.57% | 1.71% | 2.29% |
MLI Mueller Industries, Inc. | 0.90% | 0.87% | 1.01% | 1.27% | 1.69% | 0.88% | 1.14% | 1.26% | 1.71% | 9.60% | 0.94% | 1.11% |
Financials
LECO vs. MLI - Financials Comparison
This section allows you to compare key financial metrics between Lincoln Electric Holdings, Inc. and Mueller Industries, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LECO vs. MLI - Profitability Comparison
LECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 449.00M and revenue of 1.22B. Therefore, the gross margin over that period was 36.8%.
MLI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mueller Industries, Inc. reported a gross profit of 377.82M and revenue of 1.43B. Therefore, the gross margin over that period was 26.5%.
LECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lincoln Electric Holdings, Inc. reported an operating income of 224.13M and revenue of 1.22B, resulting in an operating margin of 18.4%.
MLI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mueller Industries, Inc. reported an operating income of 309.97M and revenue of 1.43B, resulting in an operating margin of 21.7%.
LECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lincoln Electric Holdings, Inc. reported a net income of 158.52M and revenue of 1.22B, resulting in a net margin of 13.0%.
MLI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mueller Industries, Inc. reported a net income of 249.66M and revenue of 1.43B, resulting in a net margin of 17.5%.
Frequently Asked Questions
LECO and MLI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LECO has higher volatility (10.71%) compared to MLI (9.62%). In terms of maximum drawdown, LECO dropped -68.89% vs MLI's -61.72%.
MLI currently has the higher Sharpe Ratio (1.80 vs 0.32), 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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