MLI vs. MLR

Last updated Jun 3, 2026

MLI (Mueller Industries, Inc.) and MLR (Miller Industries, Inc.) are both stocks. MLI operates in Metal Fabrication (Industrials), while MLR operates in Auto Parts (Consumer Cyclical). Over the past 10 years, MLI returned 26.21%/yr vs 11.06%/yr for MLR. At a 0.32 correlation, their price movements are largely independent.

Performance

MLI vs. MLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mueller Industries, Inc. (MLI) and Miller Industries, Inc. (MLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLI achieves a 14.10% return, which is significantly lower than MLR's 31.76% return. Over the past 10 years, MLI has outperformed MLR with an annualized return of 26.21%, while MLR has yielded a comparatively lower 11.06% annualized return.

MLI

• 1D: 3.37%
• 1M: -1.85%
• YTD: 14.10%
• 6M: 18.54%
• 1Y: 70.66%
• 3Y*: 50.83%
• 5Y*: 43.31%
• 10Y*: 26.21%

MLR

• 1D: 3.54%
• 1M: 2.46%
• YTD: 31.76%
• 6M: 30.78%
• 1Y: 10.93%
• 3Y*: 14.56%
• 5Y*: 5.37%
• 10Y*: 11.06%

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

MLI vs. MLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MLI Mueller Industries, Inc.	14.10%	46.29%	70.51%	62.38%	1.05%	70.95%	12.30%	37.79%	-33.10%	-2.76%
MLR Miller Industries, Inc.	31.76%	-41.73%	56.58%	61.77%	-17.93%	-10.51%	4.82%	40.68%	7.49%	0.32%

Correlation

The correlation between MLI and MLR is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Aug 3, 1994	0.32

Over the past year, MLI and MLR have become more correlated (0.53) than their long-term average of 0.32, meaning their price movements have been converging.

Fundamentals

EPS MLI : $10.18 MLR : $1.34
PE Ratio MLI : 12.83 MLR : 36.42
PEG Ratio MLI : 0.83 MLR : 0.93
PS Ratio MLI : 2.49 MLR : 0.76
Total Revenue (TTM) MLI : $4.37B MLR : $744.73M
Gross Profit (TTM) MLI : $871.92M MLR : $112.13M
EBITDA (TTM) MLI : $1.03B MLR : $33.28M

Return for Risk

MLI vs. MLR — Risk / Return Rank

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

MLI

MLI Risk / Return Rank: 86
MLI Sharpe Ratio Rank: 90
MLI Sortino Ratio Rank: 86
MLI Omega Ratio Rank: 89
MLI Calmar Ratio Rank: 82
MLI Martin Ratio Rank: 84

MLR

MLR Risk / Return Rank: 50
MLR Sharpe Ratio Rank: 54
MLR Sortino Ratio Rank: 47
MLR Omega Ratio Rank: 45
MLR Calmar Ratio Rank: 51
MLR Martin Ratio Rank: 51

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.

MLI vs. MLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mueller Industries, Inc. (MLI) and Miller Industries, Inc. (MLR). 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	MLR	Difference
Sharpe ratio Return per unit of total volatility	2.36	0.38	+1.98
Sortino ratio Return per unit of downside risk	2.92	0.73	+2.20
Omega ratio Gain probability vs. loss probability	1.42	1.09	+0.33
Calmar ratio Return relative to maximum drawdown	3.12	0.45	+2.67
Martin ratio Return relative to average drawdown	8.65	0.94	+7.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLI vs. MLR - Sharpe Ratio Comparison

The current MLI Sharpe Ratio is 2.36, which is higher than the MLR Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of MLI and MLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MLI	MLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	0.38	+1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.32	0.18	+1.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.36	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.12	+0.37

Drawdowns

MLI vs. MLR - Drawdown Comparison

The maximum MLI drawdown since its inception was -61.72%, smaller than the maximum MLR drawdown of -98.14%. Use the drawdown chart below to compare losses from any high point for MLI and MLR.

Drawdown Indicators

	MLI	MLR	Difference
Max Drawdown Largest peak-to-trough decline	-61.72%	-98.14%	+36.42%
Max Drawdown (1Y) Largest decline over 1 year	-22.33%	-22.80%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	-27.79%	-52.70%	+24.91%
Max Drawdown (5Y) Largest decline over 5 years	-27.79%	-52.70%	+24.91%
Max Drawdown (10Y) Largest decline over 10 years	-52.95%	-53.25%	+0.30%
Current Drawdown Current decline from peak	-7.29%	-35.36%	+28.07%
Average Drawdown Average peak-to-trough decline	-16.05%	-69.64%	+53.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.04%	10.87%	-2.83%

Volatility

MLI vs. MLR - Volatility Comparison

Mueller Industries, Inc. (MLI) has a higher volatility of 11.12% compared to Miller Industries, Inc. (MLR) at 8.30%. This indicates that MLI's price experiences larger fluctuations and is considered to be riskier than MLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLI	MLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.12%	8.30%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	25.74%	19.29%	+6.45%
Volatility (1Y) Calculated over the trailing 1-year period	30.11%	29.20%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.04%	30.60%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.77%	30.94%	+4.83%

Dividends

MLI vs. MLR - Dividend Comparison

MLI's dividend yield for the trailing twelve months is around 0.84%, less than MLR's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MLR Miller Industries, Inc.	1.68%	2.14%	1.16%	1.70%	2.70%	2.16%	1.89%	1.94%	2.67%	2.79%	2.57%	2.94%

Financials

MLI vs. MLR - Profitability Comparison

The chart below illustrates the profitability comparison between Mueller Industries, Inc. and Miller Industries, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

MLR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Miller Industries, Inc. reported a gross profit of 25.68M and revenue of 180.86M. Therefore, the gross margin over that period was 14.2%.

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%.

MLR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Miller Industries, Inc. reported an operating income of 1.73M and revenue of 180.86M, resulting in an operating margin of 1.0%.

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%.

MLR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Miller Industries, Inc. reported a net income of 555.00K and revenue of 180.86M, resulting in a net margin of 0.3%.

Frequently Asked Questions

Can I hold both MLI and MLR in my portfolio?

MLI and MLR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MLI or MLR?

MLI has higher volatility (11.12%) compared to MLR (8.30%). In terms of maximum drawdown, MLI dropped -61.72% vs MLR's -98.14%.

Which has better risk-adjusted returns?

MLI currently has the higher Sharpe Ratio (2.36 vs 0.38), 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.