PBA vs. MLI
PBA (Pembina Pipeline Corporation) and MLI (Mueller Industries, Inc.) are both stocks. PBA operates in Oil & Gas Midstream (Energy), while MLI operates in Metal Fabrication (Industrials). Over the past 10 years, PBA returned 10.72%/yr vs 25.95%/yr for MLI. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
PBA vs. MLI - Performance Comparison
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Returns By Period
In the year-to-date period, PBA achieves a 26.71% return, which is significantly higher than MLI's 21.36% return. Over the past 10 years, PBA has underperformed MLI with an annualized return of 10.72%, while MLI has yielded a comparatively higher 25.95% annualized return.
PBA
- 1D
- -2.54%
- 1M
- 1.05%
- 6M
- 14.15%
- YTD
- 26.71%
- 1Y
- 32.68%
- 3Y*
- 21.46%
- 5Y*
- 14.05%
- 10Y*
- 10.72%
- ALL TIME*
- 11.04%
MLI
- 1D
- 1.33%
- 1M
- 21.85%
- 6M
- 21.52%
- YTD
- 21.36%
- 1Y
- 60.21%
- 3Y*
- 54.39%
- 5Y*
- 47.08%
- 10Y*
- 25.95%
- ALL TIME*
- 17.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.26M | $93.68M | $92.94M | |
| $41.06M | $45.79M | $57.40M |
PBA vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 26.71% | 8.55% | 13.16% | 7.81% | 18.33% | 36.99% | -30.57% | 31.15% | -13.66% | 21.15% |
MLI Mueller Industries, Inc. | 21.36% | 46.29% | 70.51% | 62.38% | 1.05% | 70.95% | 12.30% | 37.79% | -33.10% | -2.76% |
Correlation
The correlation between PBA and MLI is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2010 | 0.36 |
The correlation between PBA and MLI shifts across timeframes, from -0.00 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PBA:
$27.41B
MLI:
$15.32B
PBA:
CA$3.07
MLI:
$3.84
PBA:
21.61
MLI:
18.05
PBA:
0.83
MLI:
1.17
PBA:
4.92
MLI:
3.29
PBA:
2.52
MLI:
4.32
PBA:
CA$7.85B
MLI:
$4.66B
PBA:
CA$3.03B
MLI:
$1.26B
PBA:
CA$3.64B
MLI:
$1.18B
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Return for Risk
PBA vs. MLI — Risk / Return Rank
PBA
MLI
PBA vs. MLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PBA) and Mueller Industries, Inc. (MLI). 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.
| PBA | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.71 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.13 | 6.52 | -0.39 |
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Drawdowns
PBA vs. MLI - Drawdown Comparison
The maximum PBA drawdown since its inception was -70.87%, which is greater than MLI's maximum drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for PBA and MLI.
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Drawdown Indicators
| PBA | MLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -61.72% | -9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -22.33% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -27.79% | +9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -27.79% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -52.95% | -17.92% |
Current DrawdownCurrent decline from peak | -8.21% | -1.38% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -16.02% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 9.26% | -3.90% |
Volatility
PBA vs. MLI - Volatility Comparison
The current volatility for Pembina Pipeline Corporation (PBA) is 7.65%, while Mueller Industries, Inc. (MLI) has a volatility of 9.00%. This indicates that PBA experiences smaller price fluctuations and is considered to be less risky than MLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBA | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 9.00% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 26.02% | -11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 31.95% | -11.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.60% | 33.21% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.89% | 35.96% | -3.07% |
Dividends
PBA vs. MLI - Dividend Comparison
PBA's dividend yield for the trailing twelve months is around 4.39%, more than MLI's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLI Mueller Industries, Inc. | 0.87% | 0.87% | 1.01% | 1.27% | 1.69% | 0.88% | 1.14% | 1.26% | 1.71% | 9.60% | 0.94% | 1.11% |
PBA Pembina Pipeline Corporation | 4.39% | 5.34% | 5.39% | 5.70% | 5.78% | 6.71% | 8.56% | 4.80% | 5.81% | 4.36% | 4.19% | 6.48% |
Financials
PBA vs. MLI - Financials Comparison
This section allows you to compare key financial metrics between Pembina Pipeline Corporation and Mueller Industries, 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
PBA vs. MLI - Profitability Comparison
PBA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Pembina Pipeline Corporation reported a gross profit of 752.33M and revenue of 2.07B. Therefore, the gross margin over that period was 36.3%.
MLI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mueller Industries, Inc. reported a gross profit of 377.82M and revenue of 1.43B. Therefore, the gross margin over that period was 26.5%.
PBA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Pembina Pipeline Corporation reported an operating income of 636.28M and revenue of 2.07B, resulting in an operating margin of 30.7%.
MLI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mueller Industries, Inc. reported an operating income of 309.97M and revenue of 1.43B, resulting in an operating margin of 21.7%.
PBA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Pembina Pipeline Corporation reported a net income of 512.22M and revenue of 2.07B, resulting in a net margin of 24.7%.
MLI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mueller Industries, Inc. reported a net income of 249.66M and revenue of 1.43B, resulting in a net margin of 17.5%.
Frequently Asked Questions
PBA and MLI have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLI has higher volatility (9.00%) compared to PBA (7.65%). In terms of maximum drawdown, PBA dropped -70.87% vs MLI's -61.72%.
MLI currently has the higher Sharpe Ratio (1.90 vs 1.61), 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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