VECO vs. MLI
VECO (Veeco Instruments Inc.) and MLI (Mueller Industries, Inc.) are both stocks. VECO operates in Semiconductor Equipment & Materials (Technology), while MLI operates in Metal Fabrication (Industrials). Over the past 10 years, VECO returned 12.86%/yr vs 26.29%/yr for MLI. At a 0.36 correlation, their price movements are largely independent.
Performance
VECO vs. MLI - Performance Comparison
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Returns By Period
In the year-to-date period, VECO achieves a 111.55% return, which is significantly higher than MLI's 14.78% return. Over the past 10 years, VECO has underperformed MLI with an annualized return of 12.86%, while MLI has yielded a comparatively higher 26.29% annualized return.
VECO
- 1D
- -0.90%
- 1M
- 18.71%
- YTD
- 111.55%
- 6M
- 92.24%
- 1Y
- 199.31%
- 3Y*
- 34.09%
- 5Y*
- 19.93%
- 10Y*
- 12.86%
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%
VECO vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECO Veeco Instruments Inc. | 111.55% | 6.64% | -13.63% | 67.01% | -34.74% | 64.00% | 18.22% | 98.18% | -50.10% | -49.06% |
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 VECO and MLI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 1994 | 0.36 |
Fundamentals
VECO:
$0.38
MLI:
$10.18
VECO:
158.34
MLI:
12.91
VECO:
1.65
MLI:
0.83
VECO:
5.59
MLI:
2.50
VECO:
$655.34M
MLI:
$4.37B
VECO:
$252.77M
MLI:
$871.92M
VECO:
$48.45M
MLI:
$1.03B
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Return for Risk
VECO vs. MLI — Risk / Return Rank
VECO
MLI
VECO vs. MLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeco Instruments Inc. (VECO) 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.
| VECO | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.41 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 9.90 | 3.10 | +6.80 |
| Martin ratioReturn relative to average drawdown | 26.14 | 8.58 | +17.56 |
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
| VECO | MLI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.56 | 2.30 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.32 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.74 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.49 | -0.40 |
Drawdowns
VECO vs. MLI - Drawdown Comparison
The maximum VECO drawdown since its inception was -96.68%, which is greater than MLI's maximum drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for VECO and MLI.
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Drawdown Indicators
| VECO | MLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.68% | -61.72% | -34.96% |
Max Drawdown (1Y)Largest decline over 1 year | -20.27% | -22.33% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -64.20% | -27.79% | -36.41% |
Max Drawdown (5Y)Largest decline over 5 years | -64.20% | -27.79% | -36.41% |
Max Drawdown (10Y)Largest decline over 10 years | -80.96% | -52.95% | -28.01% |
Current DrawdownCurrent decline from peak | -47.65% | -6.73% | -40.92% |
Average DrawdownAverage peak-to-trough decline | -70.50% | -16.05% | -54.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 8.05% | -0.39% |
Volatility
VECO vs. MLI - Volatility Comparison
Veeco Instruments Inc. (VECO) has a higher volatility of 27.46% compared to Mueller Industries, Inc. (MLI) at 11.02%. This indicates that VECO's price experiences larger fluctuations and is considered to be riskier 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
| VECO | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.46% | 11.02% | +16.44% |
Volatility (6M)Calculated over the trailing 6-month period | 45.57% | 25.74% | +19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.50% | 30.10% | +26.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 33.04% | +11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.01% | 35.76% | +15.25% |
Dividends
VECO vs. MLI - Dividend Comparison
VECO has not paid dividends to shareholders, while MLI's dividend yield for the trailing twelve months is around 0.84%.
| 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% |
VECO Veeco Instruments Inc. | 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
VECO vs. MLI - Financials Comparison
This section allows you to compare key financial metrics between Veeco Instruments Inc. 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
VECO vs. MLI - Profitability Comparison
VECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veeco Instruments Inc. reported a gross profit of 55.83M and revenue of 158.34M. Therefore, the gross margin over that period was 35.3%.
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%.
VECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veeco Instruments Inc. reported an operating income of -2.66M and revenue of 158.34M, resulting in an operating margin of -1.7%.
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%.
VECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veeco Instruments Inc. reported a net income of -324.00K and revenue of 158.34M, resulting in a net margin of -0.2%.
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
VECO and MLI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VECO has higher volatility (27.46%) compared to MLI (11.02%). In terms of maximum drawdown, VECO dropped -96.68% vs MLI's -61.72%.
VECO currently has the higher Sharpe Ratio (3.56 vs 2.30), 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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