CLF vs. X

Last updated Apr 1, 2026

Compare and contrast key facts about Cleveland-Cliffs Inc. (CLF) and United States Steel Corporation (X).

Performance

CLF vs. X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cleveland-Cliffs Inc. (CLF) and United States Steel Corporation (X). The values are adjusted to include any dividend payments, if applicable.

CLF vs. X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLF Cleveland-Cliffs Inc.	-36.37%	41.28%	-53.97%	26.75%	-26.00%	49.52%	77.38%	12.72%	6.66%	-14.27%
X United States Steel Corporation	0.00%	61.75%	-29.80%	95.71%	6.15%	42.45%	47.67%	-36.61%	-47.85%	7.44%

Fundamentals

Total Revenue (TTM) CLF : $18.61B X : $15.19B
Gross Profit (TTM) CLF : -$860.00M X : $1.15B
EBITDA (TTM) CLF : -$167.00M X : $1.10B

Returns By Period

CLF

• 1D: 4.19%
• 1M: -20.73%
• YTD: -36.37%
• 6M: -30.74%
• 1Y: 2.80%
• 3Y*: -22.75%
• 5Y*: -15.33%
• 10Y*: 11.55%

X

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CLF vs. X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLF

CLF Risk / Return Rank: 43
CLF Sharpe Ratio Rank: 43
CLF Sortino Ratio Rank: 45
CLF Omega Ratio Rank: 45
CLF Calmar Ratio Rank: 42
CLF Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLF vs. X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cleveland-Cliffs Inc. (CLF) and United States Steel Corporation (X). 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.

	CLF	X	Difference
Sharpe ratio Return per unit of total volatility	0.04	—	—
Sortino ratio Return per unit of downside risk	0.61	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	-0.02	—	—
Martin ratio Return relative to average drawdown	-0.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CLF	X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	—	—

Correlation

The correlation between CLF and X is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CLF vs. X - Dividend Comparison

CLF has not paid dividends to shareholders, while X's dividend yield for the trailing twelve months is around 0.09%.

	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%
X United States Steel Corporation	0.09%	0.18%	0.59%	0.41%	0.80%	0.34%	0.24%	1.75%	1.10%	0.57%	0.61%	2.51%

Drawdowns

Drawdown Indicators

	CLF	X	Difference
Max Drawdown Largest peak-to-trough decline	-98.78%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-51.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-82.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-82.37%	—	—
Current Drawdown Current decline from peak	-91.39%	—	—
Average Drawdown Average peak-to-trough decline	-47.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	21.55%	—	—

Volatility

Volatility by Period

	CLF	X	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	77.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.32%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.81%	—	—

Financials