CLF vs. HIVE
CLF (Cleveland-Cliffs Inc.) and HIVE (HIVE Blockchain Technologies Ltd) are both stocks. CLF operates in Steel (Basic Materials), while HIVE operates in Capital Markets (Financial Services). Over the past 5 years, CLF returned -10.83%/yr vs -20.84%/yr for HIVE. At a 0.26 correlation, their price movements are largely independent.
Performance
CLF vs. HIVE - Performance Comparison
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Returns By Period
In the year-to-date period, CLF achieves a 3.77% return, which is significantly lower than HIVE's 44.57% return.
CLF
- 1D
- 0.51%
- 1M
- 33.66%
- YTD
- 3.77%
- 6M
- 8.42%
- 1Y
- 92.19%
- 3Y*
- -6.24%
- 5Y*
- -10.83%
- 10Y*
- 11.73%
HIVE
- 1D
- -1.58%
- 1M
- 38.66%
- YTD
- 44.57%
- 6M
- 21.90%
- 1Y
- 97.35%
- 3Y*
- 6.13%
- 5Y*
- -20.84%
- 10Y*
- —
CLF vs. HIVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CLF Cleveland-Cliffs Inc. | 3.77% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | -12.71% |
HIVE HIVE Blockchain Technologies Ltd | 44.57% | -9.47% | -37.09% | 214.58% | -89.09% | 39.68% | 2,600.00% | -64.10% | -92.50% |
Correlation
The correlation between CLF and HIVE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.26 |
The correlation between CLF and HIVE shifts across timeframes, from 0.26 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CLF:
-$2.37
HIVE:
-$0.33
CLF:
0.37
HIVE:
3.19
CLF:
$18.90B
HIVE:
$257.14M
CLF:
-$528.00M
HIVE:
$58.57M
CLF:
$134.00M
HIVE:
$87.81M
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Return for Risk
CLF vs. HIVE — Risk / Return Rank
CLF
HIVE
CLF vs. HIVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cleveland-Cliffs Inc. (CLF) and HIVE Blockchain Technologies Ltd (HIVE). 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 | HIVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.23 | +0.56 |
| Martin ratioReturn relative to average drawdown | 3.68 | 1.96 | +1.72 |
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Drawdowns
CLF vs. HIVE - Drawdown Comparison
The maximum CLF drawdown since its inception was -98.78%, roughly equal to the maximum HIVE drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for CLF and HIVE.
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Drawdown Indicators
| CLF | HIVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.78% | -97.73% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -51.67% | -74.86% | +23.19% |
Max Drawdown (3Y)Largest decline over 3 years | -74.46% | -80.27% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -82.37% | -94.61% | +12.24% |
Max Drawdown (10Y)Largest decline over 10 years | -82.37% | — | — |
Current DrawdownCurrent decline from peak | -85.95% | -86.10% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -47.62% | -78.56% | +30.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.06% | 46.70% | -21.64% |
Volatility
CLF vs. HIVE - Volatility Comparison
The current volatility for Cleveland-Cliffs Inc. (CLF) is 22.19%, while HIVE Blockchain Technologies Ltd (HIVE) has a volatility of 39.86%. This indicates that CLF experiences smaller price fluctuations and is considered to be less risky than HIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLF | HIVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.19% | 39.86% | -17.67% |
Volatility (6M)Calculated over the trailing 6-month period | 47.32% | 67.14% | -19.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.48% | 95.73% | -27.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.28% | 93.17% | -33.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.12% | 109.17% | -47.05% |
Dividends
CLF vs. HIVE - Dividend Comparison
Neither CLF nor HIVE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CLF Cleveland-Cliffs Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% | 3.10% |
HIVE HIVE Blockchain Technologies Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CLF vs. HIVE - Financials Comparison
This section allows you to compare key financial metrics between Cleveland-Cliffs Inc. and HIVE Blockchain Technologies Ltd. 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
CLF vs. HIVE - Profitability Comparison
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%.
HIVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a gross profit of 32.14M and revenue of 93.11M. Therefore, the gross margin over that period was 34.5%.
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%.
HIVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported an operating income of 16.70M and revenue of 93.11M, resulting in an operating margin of 17.9%.
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%.
HIVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HIVE Blockchain Technologies Ltd reported a net income of -91.33M and revenue of 93.11M, resulting in a net margin of -98.1%.
Frequently Asked Questions
CLF and HIVE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIVE has higher volatility (39.86%) compared to CLF (22.19%). In terms of maximum drawdown, CLF dropped -98.78% vs HIVE's -97.73%.
CLF currently has the higher Sharpe Ratio (1.35 vs 0.96), 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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