ATS vs. CLF
ATS (ATS Corporation) and CLF (Cleveland-Cliffs Inc.) are both stocks. ATS operates in Specialty Industrial Machinery (Industrials), while CLF operates in Steel (Basic Materials). Over the past 10 years, ATS returned 13.52%/yr vs 12.38%/yr for CLF. At a 0.21 correlation, their price movements are largely independent.
Performance
ATS vs. CLF - Performance Comparison
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Returns By Period
In the year-to-date period, ATS achieves a 4.76% return, which is significantly lower than CLF's 6.55% return. Over the past 10 years, ATS has outperformed CLF with an annualized return of 13.52%, while CLF has yielded a comparatively lower 12.38% annualized return.
ATS
- 1D
- -3.38%
- 1M
- -10.15%
- YTD
- 4.76%
- 6M
- 12.48%
- 1Y
- -2.99%
- 3Y*
- -13.66%
- 5Y*
- 2.54%
- 10Y*
- 13.52%
CLF
- 1D
- -4.07%
- 1M
- 38.05%
- YTD
- 6.55%
- 6M
- 8.60%
- 1Y
- 87.17%
- 3Y*
- -2.03%
- 5Y*
- -6.56%
- 10Y*
- 12.38%
ATS vs. CLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATS ATS Corporation | 4.76% | -9.65% | -29.23% | 39.27% | -22.16% | 128.07% | 5.58% | 55.37% | -10.46% | 27.39% |
CLF Cleveland-Cliffs Inc. | 6.55% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | 6.66% | -14.27% |
Correlation
The correlation between ATS and CLF is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.21 |
The correlation between ATS and CLF shifts across timeframes, from 0.21 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ATS:
$0.97
CLF:
-$2.37
ATS:
0.71
CLF:
0.38
ATS:
$2.97B
CLF:
$18.90B
ATS:
$850.80M
CLF:
-$528.00M
ATS:
$357.63M
CLF:
$134.00M
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Return for Risk
ATS vs. CLF — Risk / Return Rank
ATS
CLF
ATS vs. CLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ATS Corporation (ATS) and Cleveland-Cliffs Inc. (CLF). 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.
| ATS | CLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 1.28 | -1.36 |
Sortino ratioReturn per unit of downside risk | 0.18 | 1.84 | -1.67 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.24 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.70 | -1.81 |
Martin ratioReturn relative to average drawdown | -0.23 | 3.51 | -3.74 |
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
| ATS | CLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.28 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.11 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.20 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.14 | +0.22 |
Drawdowns
ATS vs. CLF - Drawdown Comparison
The maximum ATS drawdown since its inception was -56.76%, smaller than the maximum CLF drawdown of -98.78%. Use the drawdown chart below to compare losses from any high point for ATS and CLF.
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Drawdown Indicators
| ATS | CLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.76% | -98.78% | +42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -25.80% | -51.67% | +25.87% |
Max Drawdown (3Y)Largest decline over 3 years | -56.76% | -74.46% | +17.70% |
Max Drawdown (5Y)Largest decline over 5 years | -56.76% | -82.37% | +25.61% |
Max Drawdown (10Y)Largest decline over 10 years | -56.76% | -82.37% | +25.61% |
Current DrawdownCurrent decline from peak | -40.80% | -85.57% | +44.77% |
Average DrawdownAverage peak-to-trough decline | -19.90% | -47.60% | +27.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.78% | 24.95% | -12.17% |
Volatility
ATS vs. CLF - Volatility Comparison
ATS Corporation (ATS) and Cleveland-Cliffs Inc. (CLF) have volatilities of 19.42% and 18.98%, 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
| ATS | CLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 18.98% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 32.82% | 45.50% | -12.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.56% | 68.41% | -27.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.36% | 59.44% | -19.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.64% | 62.14% | -23.50% |
Dividends
ATS vs. CLF - Dividend Comparison
Neither ATS nor CLF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ATS ATS Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CLF Cleveland-Cliffs Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% | 3.10% |
Financials
ATS vs. CLF - Financials Comparison
This section allows you to compare key financial metrics between ATS Corporation and Cleveland-Cliffs 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
ATS vs. CLF - Profitability Comparison
ATS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ATS Corporation reported a gross profit of 188.27M and revenue of 747.10M. Therefore, the gross margin over that period was 25.2%.
CLF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cleveland-Cliffs Inc. reported a gross profit of -82.00M and revenue of 4.92B. Therefore, the gross margin over that period was -1.7%.
ATS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ATS Corporation reported an operating income of 23.21M and revenue of 747.10M, resulting in an operating margin of 3.1%.
CLF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cleveland-Cliffs Inc. reported an operating income of -207.00M and revenue of 4.92B, resulting in an operating margin of -4.2%.
ATS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ATS Corporation reported a net income of -16.11M and revenue of 747.10M, resulting in a net margin of -2.2%.
CLF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cleveland-Cliffs Inc. reported a net income of -237.00M and revenue of 4.92B, resulting in a net margin of -4.8%.
Frequently Asked Questions
ATS and CLF have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATS has higher volatility (19.42%) compared to CLF (18.98%). In terms of maximum drawdown, ATS dropped -56.76% vs CLF's -98.78%.
CLF currently has the higher Sharpe Ratio (1.28 vs -0.07), 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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