CLF vs. ^DJI
Compare and contrast key facts about Cleveland-Cliffs Inc. (CLF) and Dow Jones Industrial Average (^DJI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLF or ^DJI.
Key characteristics
| CLF | ^DJI | |
|---|---|---|
| YTD Return | -13.81% | 2.62% |
| 1Y Return | 23.42% | 16.75% |
| 3Y Return (Ann) | -4.75% | 4.26% |
| 5Y Return (Ann) | 12.29% | 7.86% |
| 10Y Return (Ann) | 0.59% | 8.98% |
| Sharpe Ratio | 0.43 | 1.57 |
| Daily Std Dev | 39.78% | 10.06% |
| Max Drawdown | -98.79% | -53.78% |
| Current Drawdown | -82.09% | -2.84% |
Correlation
The correlation between CLF and ^DJI is 0.36, 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. ^DJI - Performance Comparison
In the year-to-date period, CLF achieves a -13.81% return, which is significantly lower than ^DJI's 2.62% return. Over the past 10 years, CLF has underperformed ^DJI with an annualized return of 0.59%, while ^DJI has yielded a comparatively higher 8.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CLF vs. ^DJI - Risk-Adjusted Performance 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.
Drawdowns
CLF vs. ^DJI - Drawdown Comparison
The maximum CLF drawdown since its inception was -98.79%, 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. For additional features, visit the drawdowns tool.
Volatility
CLF vs. ^DJI - Volatility Comparison
Cleveland-Cliffs Inc. (CLF) has a higher volatility of 14.47% compared to Dow Jones Industrial Average (^DJI) at 3.36%. 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.