CMC vs. STLD
CMC (Commercial Metals Company) and STLD (Steel Dynamics, Inc.) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 10 years, CMC returned 15.68%/yr vs 26.20%/yr for STLD. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
CMC vs. STLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMC achieves a -7.20% return, which is significantly lower than STLD's 38.92% return. Over the past 10 years, CMC has underperformed STLD with an annualized return of 15.68%, while STLD has yielded a comparatively higher 26.20% annualized return.
CMC
- 1D
- 1.64%
- 1M
- -17.85%
- 6M
- -11.99%
- YTD
- -7.20%
- 1Y
- 23.64%
- 3Y*
- 6.25%
- 5Y*
- 17.38%
- 10Y*
- 15.68%
STLD
- 1D
- 2.50%
- 1M
- -17.01%
- 6M
- 39.00%
- YTD
- 38.92%
- 1Y
- 75.42%
- 3Y*
- 31.91%
- 5Y*
- 32.77%
- 10Y*
- 26.20%
CMC vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMC Commercial Metals Company | -7.20% | 41.52% | 0.41% | 4.99% | 35.05% | 79.83% | -5.45% | 42.81% | -23.17% | 0.33% |
STLD Steel Dynamics, Inc. | 38.92% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between CMC and STLD is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.62 |
The correlation between CMC and STLD shifts across timeframes, from 0.62 (all time) to 0.73 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CMC:
$7.04B
STLD:
$33.77B
CMC:
$5.30
STLD:
$9.38
CMC:
12.01
STLD:
24.95
CMC:
0.81
STLD:
1.80
CMC:
1.57
STLD:
3.70
CMC:
$8.85B
STLD:
$19.01B
CMC:
$392.81M
STLD:
$2.66B
CMC:
$865.35M
STLD:
$2.23B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMC vs. STLD — Risk / Return Rank
CMC
STLD
CMC vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commercial Metals Company (CMC) and Steel Dynamics, Inc. (STLD). 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.
| CMC | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.33 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 3.46 | -2.67 |
| Martin ratioReturn relative to average drawdown | 1.99 | 10.56 | -8.57 |
Loading charts...
Drawdowns
CMC vs. STLD - Drawdown Comparison
The maximum CMC drawdown since its inception was -83.77%, roughly equal to the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for CMC and STLD.
Loading charts...
Drawdown Indicators
| CMC | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.77% | -87.05% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -29.96% | -21.88% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -37.63% | -28.66% | -8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -37.63% | -32.20% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -53.78% | -68.46% | +14.68% |
Current DrawdownCurrent decline from peak | -22.98% | -17.01% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -23.50% | -33.22% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 7.21% | +4.69% |
Volatility
CMC vs. STLD - Volatility Comparison
Commercial Metals Company (CMC) has a higher volatility of 15.08% compared to Steel Dynamics, Inc. (STLD) at 14.05%. This indicates that CMC's price experiences larger fluctuations and is considered to be riskier than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMC | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 14.05% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 27.43% | 27.63% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.36% | 35.40% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.92% | 38.15% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.88% | 39.41% | +0.47% |
Dividends
CMC vs. STLD - Dividend Comparison
CMC's dividend yield for the trailing twelve months is around 1.19%, more than STLD's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMC Commercial Metals Company | 1.19% | 1.04% | 1.41% | 1.28% | 1.20% | 1.38% | 2.34% | 2.16% | 3.00% | 2.25% | 2.20% | 3.51% |
STLD Steel Dynamics, Inc. | 0.88% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
CMC vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between Commercial Metals Company and Steel Dynamics, Inc.. 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
CMC vs. STLD - Profitability Comparison
CMC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Commercial Metals Company reported a gross profit of -795.04M and revenue of 2.48B. Therefore, the gross margin over that period was -32.0%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Steel Dynamics, Inc. reported a gross profit of 763.22M and revenue of 5.20B. Therefore, the gross margin over that period was 14.7%.
CMC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Commercial Metals Company reported an operating income of -366.25M and revenue of 2.48B, resulting in an operating margin of -14.8%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
CMC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Commercial Metals Company reported a net income of 173.02M and revenue of 2.48B, resulting in a net margin of 7.0%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Steel Dynamics, Inc. reported a net income of 403.44M and revenue of 5.20B, resulting in a net margin of 7.8%.
Frequently Asked Questions
CMC and STLD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMC has higher volatility (15.08%) compared to STLD (14.05%). In terms of maximum drawdown, CMC dropped -83.77% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (2.15 vs 0.65), 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.
Find the right allocation for CMC and STLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer