PBD vs. MLI
PBD (Invesco Global Clean Energy ETF) is Alternative Energy Equities fund tracking the WilderHill New Energy Global Innovation index, while MLI (Mueller Industries, Inc.) is a stock. Over the past 10 years, PBD returned 9.10%/yr vs 26.81%/yr for MLI. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
PBD vs. MLI - Performance Comparison
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Returns By Period
In the year-to-date period, PBD achieves a 28.03% return, which is significantly higher than MLI's 20.69% return. Over the past 10 years, PBD has underperformed MLI with an annualized return of 9.10%, while MLI has yielded a comparatively higher 26.81% annualized return.
PBD
- 1D
- 0.84%
- 1M
- -3.12%
- YTD
- 28.03%
- 6M
- 27.73%
- 1Y
- 72.58%
- 3Y*
- 4.61%
- 5Y*
- -5.27%
- 10Y*
- 9.10%
MLI
- 1D
- -0.25%
- 1M
- 1.23%
- YTD
- 20.69%
- 6M
- 20.88%
- 1Y
- 87.45%
- 3Y*
- 52.10%
- 5Y*
- 45.38%
- 10Y*
- 26.81%
PBD vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBD Invesco Global Clean Energy ETF | 28.03% | 43.65% | -26.39% | -10.69% | -29.70% | -22.30% | 145.46% | 40.00% | -19.32% | 28.72% |
MLI Mueller Industries, Inc. | 20.69% | 46.29% | 70.51% | 62.38% | 1.05% | 70.95% | 12.30% | 37.79% | -33.10% | -2.76% |
Correlation
The correlation between PBD and MLI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2007 | 0.52 |
The correlation between PBD and MLI shifts across timeframes, from 0.39 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBD vs. MLI — Risk / Return Rank
PBD
MLI
PBD vs. MLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) 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.
| PBD | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.50 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 3.94 | +1.77 |
| Martin ratioReturn relative to average drawdown | 19.24 | 10.92 | +8.31 |
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Drawdowns
PBD vs. MLI - Drawdown Comparison
The maximum PBD drawdown since its inception was -78.60%, which is greater than MLI's maximum drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for PBD and MLI.
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Drawdown Indicators
| PBD | MLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.60% | -61.72% | -16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.78% | -22.33% | +9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -52.45% | -27.79% | -24.66% |
Max Drawdown (5Y)Largest decline over 5 years | -69.15% | -27.79% | -41.36% |
Max Drawdown (10Y)Largest decline over 10 years | -75.40% | -52.95% | -22.45% |
Current DrawdownCurrent decline from peak | -43.63% | -1.93% | -41.70% |
Average DrawdownAverage peak-to-trough decline | -53.37% | -16.04% | -37.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 8.03% | -4.25% |
Volatility
PBD vs. MLI - Volatility Comparison
Invesco Global Clean Energy ETF (PBD) and Mueller Industries, Inc. (MLI) have volatilities of 10.96% and 10.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBD | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.96% | 10.51% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 25.79% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.81% | 30.06% | -5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.59% | 33.07% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.35% | 35.79% | -8.44% |
Dividends
PBD vs. MLI - Dividend Comparison
PBD's dividend yield for the trailing twelve months is around 1.76%, 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% |
PBD Invesco Global Clean Energy ETF | 1.76% | 2.71% | 1.81% | 2.85% | 2.98% | 0.67% | 0.48% | 1.83% | 1.86% | 1.76% | 2.04% | 1.24% |
Frequently Asked Questions
PBD and MLI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBD has higher volatility (10.96%) compared to MLI (10.51%). In terms of maximum drawdown, PBD dropped -78.60% vs MLI's -61.72%.
PBD currently has the higher Sharpe Ratio (2.95 vs 2.93), 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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