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CLF vs. GLDM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CLF vs. GLDM

Last updated May 18, 2025

Compare and contrast key facts about Cleveland-Cliffs Inc. (CLF) and SPDR Gold MiniShares Trust (GLDM).

GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLF or GLDM.

Correlation

The correlation between CLF and GLDM is 0.06, 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.

Performance

CLF vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cleveland-Cliffs Inc. (CLF) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

CLF:

-0.90

GLDM:

1.93

Sortino Ratio

CLF:

-1.44

GLDM:

2.69

Omega Ratio

CLF:

0.83

GLDM:

1.34

Calmar Ratio

CLF:

-0.62

GLDM:

4.37

Martin Ratio

CLF:

-1.56

GLDM:

11.30

Ulcer Index

CLF:

36.65%

GLDM:

3.13%

Daily Std Dev

CLF:

63.66%

GLDM:

17.83%

Max Drawdown

CLF:

-98.78%

GLDM:

-21.63%

Current Drawdown

CLF:

-92.25%

GLDM:

-6.75%

Returns By Period

In the year-to-date period, CLF achieves a -19.04% return, which is significantly lower than GLDM's 21.64% return.

CLF

YTD

-19.04%

1M

4.25%

6M

-31.07%

1Y

-56.54%

5Y*

11.62%

10Y*

4.81%

GLDM

YTD

21.64%

1M

-3.86%

6M

24.59%

1Y

31.97%

5Y*

12.91%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

CLF vs. GLDM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLF
The Risk-Adjusted Performance Rank of CLF is 77
Overall Rank
The Sharpe Ratio Rank of CLF is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of CLF is 66
Sortino Ratio Rank
The Omega Ratio Rank of CLF is 88
Omega Ratio Rank
The Calmar Ratio Rank of CLF is 1212
Calmar Ratio Rank
The Martin Ratio Rank of CLF is 55
Martin Ratio Rank
GLDM
The Risk-Adjusted Performance Rank of GLDM is 9595
Overall Rank
The Sharpe Ratio Rank of GLDM is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of GLDM is 9494
Sortino Ratio Rank
The Omega Ratio Rank of GLDM is 9292
Omega Ratio Rank
The Calmar Ratio Rank of GLDM is 9797
Calmar Ratio Rank
The Martin Ratio Rank of GLDM is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLF vs. GLDM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Cleveland-Cliffs Inc. (CLF) and SPDR Gold MiniShares Trust (GLDM). 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.

The current CLF Sharpe Ratio is -0.90, which is lower than the GLDM Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of CLF and GLDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

CLF vs. GLDM - Dividend Comparison

Neither CLF nor GLDM has paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
CLF
Cleveland-Cliffs Inc.		0.00%0.00%0.00%0.00%0.00%0.82%3.10%0.00%0.00%0.00%0.00%8.40%
GLDM
SPDR Gold MiniShares Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

CLF vs. GLDM - Drawdown Comparison

The maximum CLF drawdown since its inception was -98.78%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for CLF and GLDM. For additional features, visit the drawdowns tool.

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Volatility

CLF vs. GLDM - Volatility Comparison

Cleveland-Cliffs Inc. (CLF) has a higher volatility of 22.73% compared to SPDR Gold MiniShares Trust (GLDM) at 8.41%. This indicates that CLF's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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