MLR vs. BUD
MLR (Miller Industries, Inc.) and BUD (Anheuser-Busch InBev SA/NV) are both stocks. MLR operates in Auto Parts (Consumer Cyclical), while BUD operates in Beverages - Brewers (Consumer Defensive). Over the past 10 years, MLR returned 11.55%/yr vs -1.97%/yr for BUD. At a 0.29 correlation, their price movements are largely independent.
Performance
MLR vs. BUD - Performance Comparison
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Returns By Period
In the year-to-date period, MLR achieves a 34.30% return, which is significantly higher than BUD's 28.09% return. Over the past 10 years, MLR has outperformed BUD with an annualized return of 11.55%, while BUD has yielded a comparatively lower -1.97% annualized return.
MLR
- 1D
- -0.08%
- 1M
- 7.28%
- YTD
- 34.30%
- 6M
- 32.08%
- 1Y
- 15.99%
- 3Y*
- 14.24%
- 5Y*
- 7.08%
- 10Y*
- 11.55%
BUD
- 1D
- 0.11%
- 1M
- -3.14%
- YTD
- 28.09%
- 6M
- 29.40%
- 1Y
- 15.55%
- 3Y*
- 14.09%
- 5Y*
- 2.93%
- 10Y*
- -1.97%
MLR vs. BUD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLR Miller Industries, Inc. | 34.30% | -41.73% | 56.58% | 61.77% | -17.93% | -10.51% | 4.82% | 40.68% | 7.49% | 0.32% |
BUD Anheuser-Busch InBev SA/NV | 28.09% | 30.33% | -21.37% | 9.04% | 0.09% | -12.66% | -13.97% | 27.69% | -38.79% | 9.62% |
Correlation
The correlation between MLR and BUD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.29 |
The correlation between MLR and BUD shifts across timeframes, from 0.18 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MLR:
$573.29M
BUD:
$159.86B
MLR:
$1.34
BUD:
$6.15
MLR:
37.12
BUD:
13.14
MLR:
0.95
BUD:
1.16
MLR:
0.77
BUD:
1.33
MLR:
1.37
BUD:
1.83
MLR:
$744.73M
BUD:
$120.38B
MLR:
$112.13M
BUD:
$67.02B
MLR:
$33.28M
BUD:
$35.48B
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Return for Risk
MLR vs. BUD — Risk / Return Rank
MLR
BUD
MLR vs. BUD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Industries, Inc. (MLR) and Anheuser-Busch InBev SA/NV (BUD). 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.
| MLR | BUD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.78 | -0.07 |
| Martin ratioReturn relative to average drawdown | 1.48 | 1.46 | +0.02 |
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Drawdowns
MLR vs. BUD - Drawdown Comparison
The maximum MLR drawdown since its inception was -98.14%, which is greater than BUD's maximum drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for MLR and BUD.
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Drawdown Indicators
| MLR | BUD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.14% | -70.02% | -28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -22.80% | -20.12% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -52.70% | -31.55% | -21.15% |
Max Drawdown (5Y)Largest decline over 5 years | -52.70% | -39.93% | -12.77% |
Max Drawdown (10Y)Largest decline over 10 years | -53.25% | -70.02% | +16.77% |
Current DrawdownCurrent decline from peak | -34.12% | -24.74% | -9.38% |
Average DrawdownAverage peak-to-trough decline | -69.58% | -23.45% | -46.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 10.70% | +0.14% |
Volatility
MLR vs. BUD - Volatility Comparison
Miller Industries, Inc. (MLR) has a higher volatility of 7.51% compared to Anheuser-Busch InBev SA/NV (BUD) at 6.75%. This indicates that MLR's price experiences larger fluctuations and is considered to be riskier than BUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLR | BUD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 6.75% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 18.03% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.13% | 26.55% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.58% | 24.89% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.98% | 27.65% | +3.33% |
Dividends
MLR vs. BUD - Dividend Comparison
MLR's dividend yield for the trailing twelve months is around 1.65%, which matches BUD's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUD Anheuser-Busch InBev SA/NV | 1.66% | 1.91% | 1.74% | 1.28% | 0.88% | 0.98% | 0.79% | 2.45% | 5.15% | 3.63% | 5.41% | 3.21% |
MLR Miller Industries, Inc. | 1.65% | 2.14% | 1.16% | 1.70% | 2.70% | 2.16% | 1.89% | 1.94% | 2.67% | 2.79% | 2.57% | 2.94% |
Financials
MLR vs. BUD - Financials Comparison
This section allows you to compare key financial metrics between Miller Industries, Inc. and Anheuser-Busch InBev SA/NV. 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
MLR vs. BUD - Profitability Comparison
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%.
BUD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported a gross profit of 17.10B and revenue of 30.61B. Therefore, the gross margin over that period was 55.9%.
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%.
BUD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported an operating income of 80.56M and revenue of 30.61B, resulting in an operating margin of 0.3%.
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%.
BUD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Anheuser-Busch InBev SA/NV reported a net income of 3.01B and revenue of 30.61B, resulting in a net margin of 9.8%.
Frequently Asked Questions
MLR and BUD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLR has higher volatility (7.51%) compared to BUD (6.75%). In terms of maximum drawdown, MLR dropped -98.14% vs BUD's -70.02%.
BUD currently has the higher Sharpe Ratio (0.59 vs 0.55), 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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