OTLY vs. MWA
OTLY (Oatly Group AB) and MWA (Mueller Water Products, Inc.) are both stocks. OTLY operates in Beverages - Non-Alcoholic (Consumer Defensive), while MWA operates in Specialty Industrial Machinery (Industrials). Over the past 5 years, OTLY returned -55.22%/yr vs 13.27%/yr for MWA. At a 0.29 correlation, their price movements are largely independent.
Performance
OTLY vs. MWA - Performance Comparison
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Returns By Period
In the year-to-date period, OTLY achieves a -19.74% return, which is significantly lower than MWA's 5.86% return.
OTLY
- 1D
- -0.35%
- 1M
- -22.14%
- YTD
- -19.74%
- 6M
- -31.03%
- 1Y
- -21.64%
- 3Y*
- -36.68%
- 5Y*
- -55.22%
- 10Y*
- —
MWA
- 1D
- -0.36%
- 1M
- -8.69%
- YTD
- 5.86%
- 6M
- 2.34%
- 1Y
- 4.30%
- 3Y*
- 21.36%
- 5Y*
- 13.27%
- 10Y*
- 10.17%
OTLY vs. MWA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OTLY Oatly Group AB | -19.74% | -19.36% | -43.83% | -32.18% | -78.14% | -60.59% |
MWA Mueller Water Products, Inc. | 5.86% | 7.01% | 58.45% | 36.27% | -23.81% | 1.61% |
Correlation
The correlation between OTLY and MWA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | 0.29 |
Fundamentals
OTLY:
$267.91M
MWA:
$3.95B
OTLY:
-$4.97
MWA:
$1.32
OTLY:
0.29
MWA:
2.70
OTLY:
75.83
MWA:
3.69
OTLY:
$893.25M
MWA:
$1.46B
OTLY:
$291.07M
MWA:
$550.00M
OTLY:
-$70.91M
MWA:
$311.80M
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Return for Risk
OTLY vs. MWA — Risk / Return Rank
OTLY
MWA
OTLY vs. MWA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oatly Group AB (OTLY) and Mueller Water Products, Inc. (MWA). 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.
| OTLY | MWA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.05 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 0.23 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.54 | -1.24 |
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
| OTLY | MWA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 0.17 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.70 | 0.44 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.07 | -0.75 |
Drawdowns
OTLY vs. MWA - Drawdown Comparison
The maximum OTLY drawdown since its inception was -98.81%, which is greater than MWA's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for OTLY and MWA.
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Drawdown Indicators
| OTLY | MWA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.81% | -91.80% | -7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -18.55% | -36.03% |
Max Drawdown (3Y)Largest decline over 3 years | -84.87% | -25.85% | -59.02% |
Max Drawdown (5Y)Largest decline over 5 years | -98.81% | -41.27% | -57.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.67% | — |
Current DrawdownCurrent decline from peak | -98.51% | -17.17% | -81.34% |
Average DrawdownAverage peak-to-trough decline | -87.64% | -40.38% | -47.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.62% | 8.04% | +22.58% |
Volatility
OTLY vs. MWA - Volatility Comparison
Oatly Group AB (OTLY) has a higher volatility of 18.03% compared to Mueller Water Products, Inc. (MWA) at 6.57%. This indicates that OTLY's price experiences larger fluctuations and is considered to be riskier than MWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTLY | MWA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.03% | 6.57% | +11.46% |
Volatility (6M)Calculated over the trailing 6-month period | 43.94% | 17.58% | +26.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.15% | 26.18% | +32.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.89% | 30.62% | +48.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.99% | 32.23% | +46.76% |
Dividends
OTLY vs. MWA - Dividend Comparison
OTLY has not paid dividends to shareholders, while MWA's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWA Mueller Water Products, Inc. | 1.10% | 1.14% | 1.15% | 1.72% | 2.18% | 1.55% | 1.72% | 1.71% | 2.20% | 1.28% | 0.83% | 0.91% |
OTLY Oatly Group AB | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OTLY vs. MWA - Financials Comparison
This section allows you to compare key financial metrics between Oatly Group AB and Mueller Water Products, Inc.. 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
OTLY vs. MWA - Profitability Comparison
OTLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported a gross profit of 76.34M and revenue of 228.33M. Therefore, the gross margin over that period was 33.4%.
MWA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mueller Water Products, Inc. reported a gross profit of 144.50M and revenue of 384.40M. Therefore, the gross margin over that period was 37.6%.
OTLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported an operating income of -11.35M and revenue of 228.33M, resulting in an operating margin of -5.0%.
MWA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mueller Water Products, Inc. reported an operating income of 77.10M and revenue of 384.40M, resulting in an operating margin of 20.1%.
OTLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported a net income of -12.01M and revenue of 228.33M, resulting in a net margin of -5.3%.
MWA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mueller Water Products, Inc. reported a net income of 59.10M and revenue of 384.40M, resulting in a net margin of 15.4%.
Frequently Asked Questions
OTLY and MWA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTLY has higher volatility (18.03%) compared to MWA (6.57%). In terms of maximum drawdown, OTLY dropped -98.81% vs MWA's -91.80%.
MWA currently has the higher Sharpe Ratio (0.17 vs -0.37), 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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