CLF vs. ^DJI
CLF (Cleveland-Cliffs Inc.) is a stock, while ^DJI (Dow Jones Industrial Average) is an index. Over the past 10 years, CLF returned 4.33%/yr vs 11.10%/yr for ^DJI. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
CLF vs. ^DJI - Performance Comparison
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Returns By Period
In the year-to-date period, CLF achieves a -13.25% return, which is significantly lower than ^DJI's 9.20% return. Over the past 10 years, CLF has underperformed ^DJI with an annualized return of 4.33%, while ^DJI has yielded a comparatively higher 11.10% annualized return.
CLF
- 1D
- -0.95%
- 1M
- 16.84%
- 6M
- -16.28%
- YTD
- -13.25%
- 1Y
- 14.51%
- 3Y*
- -13.29%
- 5Y*
- -14.35%
- 10Y*
- 4.33%
- ALL TIME*
- 6.98%
^DJI
- 1D
- 0.53%
- 1M
- -0.78%
- 6M
- 7.35%
- YTD
- 9.20%
- 1Y
- 20.41%
- 3Y*
- 13.78%
- 5Y*
- 8.48%
- 10Y*
- 11.10%
- ALL TIME*
- 8.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.51T | $25.71T | $27.60T | |
| $404.71M | $285.99M | $240.22M |
CLF vs. ^DJI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLF Cleveland-Cliffs Inc. | -13.25% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | 6.66% | -14.27% |
^DJI Dow Jones Industrial Average | 9.20% | 12.97% | 12.88% | 13.70% | -8.78% | 18.73% | 7.25% | 22.34% | -5.63% | 25.08% |
Correlation
The correlation between CLF and ^DJI is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992 | 0.39 |
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Return for Risk
CLF vs. ^DJI — Risk / Return Rank
CLF
^DJI
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.
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.
| CLF | ^DJI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.90 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.34 | 7.23 | -6.89 |
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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.
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Drawdown Indicators
| CLF | ^DJI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.78% | -53.78% | -45.00% |
Max Drawdown (1Y)Largest decline over 1 year | -51.67% | -10.01% | -41.66% |
Max Drawdown (3Y)Largest decline over 3 years | -74.46% | -16.37% | -58.09% |
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 DrawdownCurrent decline from peak | -88.25% | -1.08% | -87.17% |
Average DrawdownAverage peak-to-trough decline | -47.77% | -8.00% | -39.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.94% | 2.63% | +25.31% |
Volatility
CLF vs. ^DJI - Volatility Comparison
Cleveland-Cliffs Inc. (CLF) has a higher volatility of 20.47% compared to Dow Jones Industrial Average (^DJI) at 3.76%. 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.
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Volatility by Period
| CLF | ^DJI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.47% | 3.76% | +16.71% |
Volatility (6M)Calculated over the trailing 6-month period | 50.08% | 9.89% | +40.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.52% | 12.58% | +55.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.51% | 14.86% | +44.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.07% | 17.61% | +44.46% |
Frequently Asked Questions
CLF and ^DJI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLF has higher volatility (20.47%) compared to ^DJI (3.76%). In terms of maximum drawdown, CLF dropped -98.78% vs ^DJI's -53.78%.
^DJI currently has the higher Sharpe Ratio (1.51 vs 0.14), 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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