CLF vs. VWO
CLF (Cleveland-Cliffs Inc.) is a stock, while VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 10 years, CLF returned 4.33%/yr vs 7.86%/yr for VWO. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
CLF vs. VWO - 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 VWO's 9.41% return. Over the past 10 years, CLF has underperformed VWO with an annualized return of 4.33%, while VWO has yielded a comparatively higher 7.86% 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%
VWO
- 1D
- 0.96%
- 1M
- -0.49%
- 6M
- 4.16%
- YTD
- 9.41%
- 1Y
- 21.69%
- 3Y*
- 14.84%
- 5Y*
- 6.08%
- 10Y*
- 7.86%
- ALL TIME*
- 6.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $404.71M | $285.99M | $240.22M | |
| $386.61M | $469.40M | $499.89M |
CLF vs. VWO - 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% |
VWO Vanguard FTSE Emerging Markets ETF | 9.41% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Correlation
The correlation between CLF and VWO is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.50 |
The correlation between CLF and VWO shifts across timeframes, from 0.38 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CLF vs. VWO — Risk / Return Rank
CLF
VWO
CLF vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cleveland-Cliffs Inc. (CLF) and Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.89 | -1.71 |
| Martin ratioReturn relative to average drawdown | 0.34 | 6.16 | -5.82 |
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Drawdowns
CLF vs. VWO - Drawdown Comparison
The maximum CLF drawdown since its inception was -98.78%, which is greater than VWO's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for CLF and VWO.
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Drawdown Indicators
| CLF | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.78% | -67.68% | -31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -51.67% | -11.17% | -40.50% |
Max Drawdown (3Y)Largest decline over 3 years | -74.46% | -17.37% | -57.09% |
Max Drawdown (5Y)Largest decline over 5 years | -82.37% | -30.88% | -51.49% |
Max Drawdown (10Y)Largest decline over 10 years | -82.37% | -36.39% | -45.98% |
Current DrawdownCurrent decline from peak | -88.25% | -4.07% | -84.18% |
Average DrawdownAverage peak-to-trough decline | -47.77% | -15.73% | -32.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.94% | 3.43% | +24.51% |
Volatility
CLF vs. VWO - Volatility Comparison
Cleveland-Cliffs Inc. (CLF) has a higher volatility of 20.47% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 5.58%. This indicates that CLF's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLF | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.47% | 5.58% | +14.89% |
Volatility (6M)Calculated over the trailing 6-month period | 50.08% | 15.22% | +34.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.52% | 17.58% | +50.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.51% | 17.56% | +41.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.07% | 19.17% | +42.90% |
Dividends
CLF vs. VWO - Dividend Comparison
CLF has not paid dividends to shareholders, while VWO's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF Cleveland-Cliffs Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.35% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
CLF and VWO have a correlation of 0.39, 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 VWO (5.58%). In terms of maximum drawdown, CLF dropped -98.78% vs VWO's -67.68%.
VWO currently has the higher Sharpe Ratio (1.20 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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