MLR vs. VNOM
MLR (Miller Industries, Inc.) and VNOM (Viper Energy Partners LP) are both stocks. MLR operates in Auto Parts (Consumer Cyclical), while VNOM operates in Oil & Gas Midstream (Energy). Over the past 10 years, MLR returned 11.53%/yr vs 15.90%/yr for VNOM. At a 0.22 correlation, their price movements are largely independent.
Performance
MLR vs. VNOM - Performance Comparison
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Returns By Period
In the year-to-date period, MLR achieves a 33.98% return, which is significantly higher than VNOM's 15.08% return. Over the past 10 years, MLR has underperformed VNOM with an annualized return of 11.53%, while VNOM has yielded a comparatively higher 15.90% annualized return.
MLR
- 1D
- -0.24%
- 1M
- 7.02%
- YTD
- 33.98%
- 6M
- 32.07%
- 1Y
- 13.91%
- 3Y*
- 14.15%
- 5Y*
- 6.34%
- 10Y*
- 11.53%
VNOM
- 1D
- -0.82%
- 1M
- -7.61%
- YTD
- 15.08%
- 6M
- 15.77%
- 1Y
- 18.62%
- 3Y*
- 27.20%
- 5Y*
- 25.20%
- 10Y*
- 15.90%
MLR vs. VNOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLR Miller Industries, Inc. | 33.98% | -41.73% | 56.58% | 61.77% | -17.93% | -10.51% | 4.82% | 40.68% | 7.49% | 0.32% |
VNOM Viper Energy Partners LP | 15.08% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between MLR and VNOM is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.22 |
The correlation between MLR and VNOM shifts across timeframes, from 0.05 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MLR:
$571.90M
VNOM:
$7.85B
MLR:
$1.34
VNOM:
-$0.29
MLR:
0.77
VNOM:
4.24
MLR:
1.37
VNOM:
1.54
MLR:
$744.73M
VNOM:
$1.60B
MLR:
$112.13M
VNOM:
$740.00M
MLR:
$33.28M
VNOM:
$1.04B
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Return for Risk
MLR vs. VNOM — Risk / Return Rank
MLR
VNOM
MLR vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Industries, Inc. (MLR) and Viper Energy Partners LP (VNOM). 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 | VNOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.34 | -0.72 |
| Martin ratioReturn relative to average drawdown | 1.29 | 3.20 | -1.91 |
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Drawdowns
MLR vs. VNOM - Drawdown Comparison
The maximum MLR drawdown since its inception was -98.14%, which is greater than VNOM's maximum drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for MLR and VNOM.
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Drawdown Indicators
| MLR | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.14% | -86.96% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -22.80% | -13.98% | -8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -52.70% | -34.46% | -18.24% |
Max Drawdown (5Y)Largest decline over 5 years | -52.70% | -34.46% | -18.24% |
Max Drawdown (10Y)Largest decline over 10 years | -53.25% | -86.96% | +33.71% |
Current DrawdownCurrent decline from peak | -34.28% | -16.70% | -17.58% |
Average DrawdownAverage peak-to-trough decline | -69.57% | -31.61% | -37.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 5.84% | +5.00% |
Volatility
MLR vs. VNOM - Volatility Comparison
Miller Industries, Inc. (MLR) has a higher volatility of 7.53% compared to Viper Energy Partners LP (VNOM) at 6.28%. This indicates that MLR's price experiences larger fluctuations and is considered to be riskier than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLR | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.28% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 19.66% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 28.54% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.58% | 35.76% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.87% | 45.17% | -14.30% |
Dividends
MLR vs. VNOM - Dividend Comparison
MLR's dividend yield for the trailing twelve months is around 1.65%, less than VNOM's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNOM Viper Energy Partners LP | 5.33% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
MLR vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between Miller Industries, Inc. and Viper Energy Partners LP. 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. VNOM - 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%.
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
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%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
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%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
Frequently Asked Questions
MLR and VNOM have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLR has higher volatility (7.53%) compared to VNOM (6.28%). In terms of maximum drawdown, MLR dropped -98.14% vs VNOM's -86.96%.
VNOM currently has the higher Sharpe Ratio (0.66 vs 0.48), 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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