MLI vs. ATI
MLI (Mueller Industries, Inc.) and ATI (Allegheny Technologies Incorporated) are both stocks. Both operate in the Metal Fabrication industry within the Industrials sector. Over the past 10 years, MLI returned 26.29%/yr vs 30.06%/yr for ATI. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
MLI vs. ATI - Performance Comparison
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Returns By Period
In the year-to-date period, MLI achieves a 14.78% return, which is significantly lower than ATI's 56.80% return. Over the past 10 years, MLI has underperformed ATI with an annualized return of 26.29%, while ATI has yielded a comparatively higher 30.06% annualized return.
MLI
- 1D
- 0.60%
- 1M
- 0.38%
- YTD
- 14.78%
- 6M
- 18.33%
- 1Y
- 68.84%
- 3Y*
- 51.13%
- 5Y*
- 43.33%
- 10Y*
- 26.29%
ATI
- 1D
- 0.82%
- 1M
- 16.93%
- YTD
- 56.80%
- 6M
- 82.92%
- 1Y
- 119.65%
- 3Y*
- 66.79%
- 5Y*
- 49.79%
- 10Y*
- 30.06%
MLI vs. ATI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLI Mueller Industries, Inc. | 14.78% | 46.29% | 70.51% | 62.38% | 1.05% | 70.95% | 12.30% | 37.79% | -33.10% | -2.76% |
ATI Allegheny Technologies Incorporated | 56.80% | 108.50% | 21.05% | 52.28% | 87.45% | -5.01% | -18.83% | -5.10% | -9.82% | 51.54% |
Correlation
The correlation between MLI and ATI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 1999 | 0.53 |
The correlation between MLI and ATI has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Fundamentals
MLI:
$10.18
ATI:
$4.02
MLI:
12.91
ATI:
44.78
MLI:
0.83
ATI:
1.93
MLI:
2.50
ATI:
4.15
MLI:
$4.37B
ATI:
$4.59B
MLI:
$871.92M
ATI:
$1.04B
MLI:
$1.03B
ATI:
$773.10M
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Return for Risk
MLI vs. ATI — Risk / Return Rank
MLI
ATI
MLI vs. ATI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mueller Industries, Inc. (MLI) and Allegheny Technologies Incorporated (ATI). 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.
| MLI | ATI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 2.89 | -0.59 |
Sortino ratioReturn per unit of downside risk | 2.87 | 3.13 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.48 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 4.75 | -1.66 |
Martin ratioReturn relative to average drawdown | 8.58 | 11.87 | -3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLI | ATI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.89 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | 1.17 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.59 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.12 | +0.37 |
Drawdowns
MLI vs. ATI - Drawdown Comparison
The maximum MLI drawdown since its inception was -61.72%, smaller than the maximum ATI drawdown of -94.72%. Use the drawdown chart below to compare losses from any high point for MLI and ATI.
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Drawdown Indicators
| MLI | ATI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.72% | -94.72% | +33.00% |
Max Drawdown (1Y)Largest decline over 1 year | -22.33% | -25.31% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -38.02% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.79% | -43.08% | +15.29% |
Max Drawdown (10Y)Largest decline over 10 years | -52.95% | -82.43% | +29.48% |
Current DrawdownCurrent decline from peak | -6.73% | 0.00% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -60.67% | +44.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 10.12% | -2.07% |
Volatility
MLI vs. ATI - Volatility Comparison
The current volatility for Mueller Industries, Inc. (MLI) is 11.02%, while Allegheny Technologies Incorporated (ATI) has a volatility of 11.93%. This indicates that MLI experiences smaller price fluctuations and is considered to be less risky than ATI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLI | ATI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 11.93% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 25.74% | 28.86% | -3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.10% | 41.62% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.04% | 42.95% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.76% | 51.50% | -15.74% |
Dividends
MLI vs. ATI - Dividend Comparison
MLI's dividend yield for the trailing twelve months is around 0.84%, while ATI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
MLI Mueller Industries, Inc. | 0.84% | 0.87% | 1.01% | 1.27% | 1.69% | 0.88% | 1.14% | 1.26% | 1.71% | 9.60% | 0.94% | 1.11% |
Financials
MLI vs. ATI - Financials Comparison
This section allows you to compare key financial metrics between Mueller Industries, Inc. and Allegheny Technologies Incorporated. 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
MLI vs. ATI - Profitability Comparison
MLI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mueller Industries, Inc. reported a gross profit of 0.00 and revenue of 1.19B. Therefore, the gross margin over that period was 0.0%.
ATI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allegheny Technologies Incorporated reported a gross profit of 262.90M and revenue of 1.15B. Therefore, the gross margin over that period was 22.8%.
MLI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mueller Industries, Inc. reported an operating income of 312.23M and revenue of 1.19B, resulting in an operating margin of 26.2%.
ATI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allegheny Technologies Incorporated reported an operating income of 163.80M and revenue of 1.15B, resulting in an operating margin of 14.2%.
MLI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mueller Industries, Inc. reported a net income of 239.02M and revenue of 1.19B, resulting in a net margin of 20.0%.
ATI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allegheny Technologies Incorporated reported a net income of 118.20M and revenue of 1.15B, resulting in a net margin of 10.3%.
Frequently Asked Questions
MLI and ATI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATI has higher volatility (11.93%) compared to MLI (11.02%). In terms of maximum drawdown, MLI dropped -61.72% vs ATI's -94.72%.
ATI currently has the higher Sharpe Ratio (2.89 vs 2.30), 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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