MLI vs. ICLN
MLI (Mueller Industries, Inc.) is a stock, while ICLN (iShares Global Clean Energy ETF) is Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, MLI returned 26.29%/yr vs 11.99%/yr for ICLN. At a 0.48 correlation, their price movements are largely independent.
Performance
MLI vs. ICLN - 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 ICLN's 40.54% return. Over the past 10 years, MLI has outperformed ICLN with an annualized return of 26.29%, while ICLN has yielded a comparatively lower 11.99% 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%
ICLN
- 1D
- -2.78%
- 1M
- 11.22%
- YTD
- 40.54%
- 6M
- 39.84%
- 1Y
- 83.73%
- 3Y*
- 8.92%
- 5Y*
- 2.10%
- 10Y*
- 11.99%
MLI vs. ICLN - 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% |
ICLN iShares Global Clean Energy ETF | 40.54% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Correlation
The correlation between MLI and ICLN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2008 | 0.48 |
The correlation between MLI and ICLN shifts across timeframes, from 0.30 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MLI vs. ICLN — Risk / Return Rank
MLI
ICLN
MLI vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mueller Industries, Inc. (MLI) and iShares Global Clean Energy ETF (ICLN). 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 | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.48 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 7.50 | -4.41 |
| Martin ratioReturn relative to average drawdown | 8.58 | 21.35 | -12.76 |
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 | ICLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 3.20 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | 0.08 | +1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.44 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.08 | +0.56 |
Drawdowns
MLI vs. ICLN - Drawdown Comparison
The maximum MLI drawdown since its inception was -61.72%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for MLI and ICLN.
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Drawdown Indicators
| MLI | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.72% | -87.15% | +25.43% |
Max Drawdown (1Y)Largest decline over 1 year | -22.33% | -11.22% | -11.11% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -43.18% | +15.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.79% | -57.16% | +29.37% |
Max Drawdown (10Y)Largest decline over 10 years | -52.95% | -66.75% | +13.80% |
Current DrawdownCurrent decline from peak | -6.73% | -37.13% | +30.40% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -66.61% | +50.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 3.94% | +4.11% |
Volatility
MLI vs. ICLN - Volatility Comparison
Mueller Industries, Inc. (MLI) has a higher volatility of 11.02% compared to iShares Global Clean Energy ETF (ICLN) at 9.53%. This indicates that MLI's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLI | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 9.53% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 25.74% | 20.21% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.10% | 26.38% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.04% | 27.21% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.76% | 27.20% | +8.56% |
Dividends
MLI vs. ICLN - Dividend Comparison
MLI's dividend yield for the trailing twelve months is around 0.84%, less than ICLN's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.16% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
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% |
Frequently Asked Questions
MLI and ICLN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLI has higher volatility (11.02%) compared to ICLN (9.53%). In terms of maximum drawdown, MLI dropped -61.72% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (3.20 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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