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 10.71%/yr vs 26.29%/yr for MLI. At a 0.36 correlation, their price movements are largely independent.
Performance
PBA vs. MLI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PBA achieves a 29.06% return, which is significantly higher than MLI's 14.78% return. Over the past 10 years, PBA has underperformed MLI with an annualized return of 10.71%, while MLI has yielded a comparatively higher 26.29% annualized return.
PBA
- 1D
- -0.47%
- 1M
- 4.25%
- YTD
- 29.06%
- 6M
- 28.28%
- 1Y
- 34.62%
- 3Y*
- 21.29%
- 5Y*
- 14.86%
- 10Y*
- 10.71%
MLI
- 1D
- 0.60%
- 1M
- 0.38%
- YTD
- 14.78%
- 6M
- 18.33%
- 1Y
- 68.84%
- 3Y*
- 51.13%
- 5Y*
- 43.33%
- 10Y*
- 26.29%
PBA vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 29.06% | 8.55% | 13.16% | 7.81% | 18.33% | 36.99% | -30.57% | 31.15% | -13.66% | 21.15% |
MLI Mueller Industries, Inc. | 14.78% | 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 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010 | 0.36 |
Over the past year, the correlation between PBA and MLI has dropped to 0.02 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
PBA:
$2.91
MLI:
$10.18
PBA:
16.71
MLI:
12.91
PBA:
0.64
MLI:
0.83
PBA:
3.73
MLI:
2.50
PBA:
$7.57B
MLI:
$4.37B
PBA:
$3.06B
MLI:
$871.92M
PBA:
$3.69B
MLI:
$1.03B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| PBA | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.10 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.60 | 8.58 | -1.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PBA | MLI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.30 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 1.32 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.74 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.49 | -0.11 |
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.
Loading charts...
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 | -2.08% | -6.73% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -16.05% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 8.05% | -2.79% |
Volatility
PBA vs. MLI - Volatility Comparison
The current volatility for Pembina Pipeline Corporation (PBA) is 7.23%, while Mueller Industries, Inc. (MLI) has a volatility of 11.02%. 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.
Loading charts...
Volatility by Period
| PBA | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 11.02% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.80% | 25.74% | -11.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.49% | 30.10% | -10.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 33.04% | -11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.90% | 35.76% | -2.86% |
Dividends
PBA vs. MLI - Dividend Comparison
PBA's dividend yield for the trailing twelve months is around 4.26%, more than MLI's 0.84% 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% |
PBA Pembina Pipeline Corporation | 4.26% | 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 Jun 2026, Pembina Pipeline Corporation reported a gross profit of 797.05M and revenue of 2.07B. Therefore, the gross margin over that period was 38.5%.
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%.
PBA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported an operating income of 670.73M and revenue of 2.07B, resulting in an operating margin of 32.4%.
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%.
PBA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pembina Pipeline Corporation reported a net income of 499.29M and revenue of 2.07B, resulting in a net margin of 24.1%.
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%.
Frequently Asked Questions
PBA and MLI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLI has higher volatility (11.02%) compared to PBA (7.23%). In terms of maximum drawdown, PBA dropped -70.87% vs MLI's -61.72%.
MLI currently has the higher Sharpe Ratio (2.30 vs 1.78), 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.
Find the right allocation for PBA and MLI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer