^DJUSST vs. NUE
^DJUSST (Dow Jones U.S. Iron & Steel Index) is an index, while NUE (Nucor Corporation) is a stock. Over the past 10 years, ^DJUSST returned 14.65%/yr vs 17.71%/yr for NUE. Their correlation of 0.92 suggests significant overlap in exposure.
Performance
^DJUSST vs. NUE - Performance Comparison
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Returns By Period
In the year-to-date period, ^DJUSST achieves a 29.97% return, which is significantly lower than NUE's 43.69% return. Over the past 10 years, ^DJUSST has underperformed NUE with an annualized return of 14.65%, while NUE has yielded a comparatively higher 17.71% annualized return.
^DJUSST
- 1D
- 2.33%
- 1M
- -14.27%
- 6M
- 27.23%
- YTD
- 29.97%
- 1Y
- 47.98%
- 3Y*
- 15.87%
- 5Y*
- 19.59%
- 10Y*
- 14.65%
NUE
- 1D
- 2.48%
- 1M
- -12.31%
- 6M
- 41.21%
- YTD
- 43.69%
- 1Y
- 65.82%
- 3Y*
- 13.41%
- 5Y*
- 21.43%
- 10Y*
- 17.71%
^DJUSST vs. NUE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DJUSST Dow Jones U.S. Iron & Steel Index | 29.97% | 41.01% | -23.32% | 32.54% | 17.42% | 80.64% | -7.86% | 15.40% | -24.56% | 11.22% |
NUE Nucor Corporation | 43.69% | 42.03% | -31.95% | 33.75% | 17.39% | 118.45% | -1.77% | 11.84% | -16.36% | 9.60% |
Correlation
The correlation between ^DJUSST and NUE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2000 | 0.92 |
The correlation between ^DJUSST and NUE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
^DJUSST vs. NUE — Risk / Return Rank
^DJUSST
NUE
^DJUSST vs. NUE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Iron & Steel Index (^DJUSST) and Nucor Corporation (NUE). 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.
| ^DJUSST | NUE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.59 | -1.31 |
| Martin ratioReturn relative to average drawdown | 6.51 | 9.47 | -2.96 |
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Drawdowns
^DJUSST vs. NUE - Drawdown Comparison
The maximum ^DJUSST drawdown since its inception was -81.48%, which is greater than NUE's maximum drawdown of -68.34%. Use the drawdown chart below to compare losses from any high point for ^DJUSST and NUE.
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Drawdown Indicators
| ^DJUSST | NUE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.48% | -68.34% | -13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -18.43% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -38.57% | -47.79% | +9.22% |
Max Drawdown (5Y)Largest decline over 5 years | -38.57% | -47.79% | +9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -61.00% | -57.21% | -3.79% |
Current DrawdownCurrent decline from peak | -14.27% | -12.31% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -37.01% | -21.11% | -15.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 6.97% | +0.43% |
Volatility
^DJUSST vs. NUE - Volatility Comparison
Dow Jones U.S. Iron & Steel Index (^DJUSST) and Nucor Corporation (NUE) have volatilities of 11.68% and 11.53%, 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
| ^DJUSST | NUE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 11.53% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 22.44% | 22.11% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.44% | 30.14% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.70% | 37.73% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.07% | 35.98% | -1.91% |
Frequently Asked Questions
With a correlation of 0.95, ^DJUSST and NUE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
^DJUSST has higher volatility (11.68%) compared to NUE (11.53%). In terms of maximum drawdown, ^DJUSST dropped -81.48% vs NUE's -68.34%.
NUE currently has the higher Sharpe Ratio (2.20 vs 1.64), 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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