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 3.46%/yr vs 10.98%/yr for ^DJI. At a 0.39 correlation, their price movements are largely independent.
Performance
CLF vs. ^DJI - Performance Comparison
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Returns By Period
In the year-to-date period, CLF achieves a -26.88% return, which is significantly lower than ^DJI's 9.23% return. Over the past 10 years, CLF has underperformed ^DJI with an annualized return of 3.46%, while ^DJI has yielded a comparatively higher 10.98% annualized return.
CLF
- 1D
- 3.30%
- 1M
- -29.54%
- 6M
- -24.79%
- YTD
- -26.88%
- 1Y
- -1.62%
- 3Y*
- -16.64%
- 5Y*
- -14.97%
- 10Y*
- 3.46%
^DJI
- 1D
- -0.26%
- 1M
- 2.53%
- 6M
- 5.86%
- YTD
- 9.23%
- 1Y
- 18.32%
- 3Y*
- 15.01%
- 5Y*
- 8.49%
- 10Y*
- 10.98%
CLF vs. ^DJI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLF Cleveland-Cliffs Inc. | -26.88% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | 6.66% | -14.27% |
^DJI Dow Jones Industrial Average | 9.23% | 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 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.84 | -1.87 |
| Martin ratioReturn relative to average drawdown | -0.06 | 6.99 | -7.05 |
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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 | -90.10% | -1.05% | -89.05% |
Average DrawdownAverage peak-to-trough decline | -47.71% | -8.01% | -39.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.86% | 2.63% | +24.23% |
Volatility
CLF vs. ^DJI - Volatility Comparison
Cleveland-Cliffs Inc. (CLF) has a higher volatility of 18.58% compared to Dow Jones Industrial Average (^DJI) at 2.97%. 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 | 18.58% | 2.97% | +15.61% |
Volatility (6M)Calculated over the trailing 6-month period | 47.89% | 9.74% | +38.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.77% | 12.35% | +55.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.19% | 14.86% | +44.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.94% | 17.59% | +44.35% |
Frequently Asked Questions
CLF and ^DJI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLF has higher volatility (18.58%) compared to ^DJI (2.97%). In terms of maximum drawdown, CLF dropped -98.78% vs ^DJI's -53.78%.
^DJI currently has the higher Sharpe Ratio (1.49 vs -0.02), 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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