CLF vs. ^DJI

Last updated Apr 2, 2026

Compare and contrast key facts about Cleveland-Cliffs Inc. (CLF) and Dow Jones Industrial Average (^DJI).

Performance

CLF vs. ^DJI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cleveland-Cliffs Inc. (CLF) and Dow Jones Industrial Average (^DJI). The values are adjusted to include any dividend payments, if applicable.

CLF vs. ^DJI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLF Cleveland-Cliffs Inc.	-37.73%	41.28%	-53.97%	26.75%	-26.00%	49.52%	77.38%	12.72%	6.66%	-14.27%
^DJI Dow Jones Industrial Average	-3.12%	12.97%	12.88%	13.70%	-8.78%	18.73%	7.25%	22.34%	-5.63%	25.08%

Returns By Period

In the year-to-date period, CLF achieves a -37.73% return, which is significantly lower than ^DJI's -3.12% return. Over the past 10 years, CLF has outperformed ^DJI with an annualized return of 11.31%, while ^DJI has yielded a comparatively lower 10.10% annualized return.

CLF

• 1D: -2.13%
• 1M: -27.46%
• YTD: -37.73%
• 6M: -33.52%
• 1Y: 2.10%
• 3Y*: -23.30%
• 5Y*: -15.70%
• 10Y*: 11.31%

^DJI

• 1D: 0.48%
• 1M: -4.78%
• YTD: -3.12%
• 6M: 0.27%
• 1Y: 10.90%
• 3Y*: 11.85%
• 5Y*: 7.03%
• 10Y*: 10.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CLF vs. ^DJI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLF

CLF Risk / Return Rank: 42
CLF Sharpe Ratio Rank: 41
CLF Sortino Ratio Rank: 44
CLF Omega Ratio Rank: 44
CLF Calmar Ratio Rank: 41
CLF Martin Ratio Rank: 40

^DJI

^DJI Risk / Return Rank: 41
^DJI Sharpe Ratio Rank: 41
^DJI Sortino Ratio Rank: 41
^DJI Omega Ratio Rank: 42
^DJI Calmar Ratio Rank: 41
^DJI Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLF vs. ^DJI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cleveland-Cliffs Inc. (CLF) and Dow Jones Industrial Average (^DJI). 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.

	CLF	^DJI	Difference
Sharpe ratio Return per unit of total volatility	0.03	0.65	-0.62
Sortino ratio Return per unit of downside risk	0.59	1.05	-0.45
Omega ratio Gain probability vs. loss probability	1.08	1.14	-0.07
Calmar ratio Return relative to maximum drawdown	0.01	1.00	-0.99
Martin ratio Return relative to average drawdown	0.03	3.59	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLF vs. ^DJI - Sharpe Ratio Comparison

The current CLF Sharpe Ratio is 0.03, which is lower than the ^DJI Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of CLF and ^DJI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CLF	^DJI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	0.65	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	0.48	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.58	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.41	-0.30

Correlation

The correlation between CLF and ^DJI is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

CLF vs. ^DJI - Drawdown Comparison

The maximum CLF drawdown since its inception was -98.78%, which is greater than ^DJI's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for CLF and ^DJI.

Drawdown Indicators

	CLF	^DJI	Difference
Max Drawdown Largest peak-to-trough decline	-98.78%	-53.78%	-45.00%
Max Drawdown (1Y) Largest decline over 1 year	-51.67%	-10.85%	-40.82%
Max Drawdown (5Y) Largest decline over 5 years	-82.37%	-21.94%	-60.43%
Max Drawdown (10Y) Largest decline over 10 years	-82.37%	-37.09%	-45.28%
Current Drawdown Current decline from peak	-91.57%	-7.22%	-84.35%
Average Drawdown Average peak-to-trough decline	-47.42%	-9.76%	-37.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.77%	3.03%	+18.74%

Volatility

CLF vs. ^DJI - Volatility Comparison

Cleveland-Cliffs Inc. (CLF) has a higher volatility of 14.52% compared to Dow Jones Industrial Average (^DJI) at 4.96%. This indicates that CLF's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLF	^DJI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.52%	4.96%	+9.56%
Volatility (6M) Calculated over the trailing 6-month period	53.61%	9.29%	+44.32%
Volatility (1Y) Calculated over the trailing 1-year period	76.95%	16.81%	+60.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.31%	14.76%	+44.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.80%	17.57%	+47.23%