DNOW vs. CLF
DNOW (NOW Inc.) and CLF (Cleveland-Cliffs Inc.) are both stocks. DNOW operates in Oil & Gas Equipment & Services (Energy), while CLF operates in Steel (Basic Materials). Over the past 10 years, DNOW returned -2.87%/yr vs 12.38%/yr for CLF. At a 0.37 correlation, their price movements are largely independent.
Performance
DNOW vs. CLF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DNOW achieves a -0.15% return, which is significantly lower than CLF's 6.55% return. Over the past 10 years, DNOW has underperformed CLF with an annualized return of -2.87%, while CLF has yielded a comparatively higher 12.38% annualized return.
DNOW
- 1D
- -0.53%
- 1M
- -1.42%
- YTD
- -0.15%
- 6M
- -6.70%
- 1Y
- -10.18%
- 3Y*
- 11.17%
- 5Y*
- 3.55%
- 10Y*
- -2.87%
CLF
- 1D
- -4.07%
- 1M
- 38.05%
- YTD
- 6.55%
- 6M
- 8.60%
- 1Y
- 87.17%
- 3Y*
- -2.03%
- 5Y*
- -6.56%
- 10Y*
- 12.38%
DNOW vs. CLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNOW NOW Inc. | -0.15% | 1.84% | 14.93% | -10.87% | 48.71% | 18.94% | -36.12% | -3.44% | 5.53% | -46.12% |
CLF Cleveland-Cliffs Inc. | 6.55% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | 6.66% | -14.27% |
Correlation
The correlation between DNOW and CLF is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 21, 2014 | 0.37 |
The correlation between DNOW and CLF shifts across timeframes, from 0.19 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DNOW:
$2.46B
CLF:
$7.98B
DNOW:
-$1.02
CLF:
-$2.37
DNOW:
0.54
CLF:
0.38
DNOW:
1.15
CLF:
1.37
DNOW:
$3.40B
CLF:
$18.90B
DNOW:
$532.00M
CLF:
-$528.00M
DNOW:
-$121.00M
CLF:
$134.00M
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
DNOW vs. CLF — Risk / Return Rank
DNOW
CLF
DNOW vs. CLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NOW Inc. (DNOW) and Cleveland-Cliffs Inc. (CLF). 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.
| DNOW | CLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.70 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.61 | 3.51 | -4.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DNOW | CLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.28 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.11 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.20 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 0.14 | -0.28 |
Drawdowns
DNOW vs. CLF - Drawdown Comparison
The maximum DNOW drawdown since its inception was -89.06%, smaller than the maximum CLF drawdown of -98.78%. Use the drawdown chart below to compare losses from any high point for DNOW and CLF.
Loading charts...
Drawdown Indicators
| DNOW | CLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.06% | -98.78% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -34.08% | -51.67% | +17.59% |
Max Drawdown (3Y)Largest decline over 3 years | -36.78% | -74.46% | +37.68% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -82.37% | +43.01% |
Max Drawdown (10Y)Largest decline over 10 years | -82.46% | -82.37% | -0.09% |
Current DrawdownCurrent decline from peak | -64.43% | -85.57% | +21.14% |
Average DrawdownAverage peak-to-trough decline | -61.61% | -47.60% | -14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.81% | 24.95% | -8.14% |
Volatility
DNOW vs. CLF - Volatility Comparison
The current volatility for NOW Inc. (DNOW) is 7.85%, while Cleveland-Cliffs Inc. (CLF) has a volatility of 18.98%. This indicates that DNOW experiences smaller price fluctuations and is considered to be less risky than CLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DNOW | CLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 18.98% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 31.79% | 45.50% | -13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.03% | 68.41% | -27.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.71% | 59.44% | -15.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.53% | 62.14% | -13.61% |
Dividends
DNOW vs. CLF - Dividend Comparison
Neither DNOW nor CLF 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% |
DNOW NOW Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
DNOW vs. CLF - Financials Comparison
This section allows you to compare key financial metrics between NOW Inc. and Cleveland-Cliffs 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
DNOW vs. CLF - Profitability Comparison
DNOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NOW Inc. reported a gross profit of 193.00M and revenue of 1.18B. Therefore, the gross margin over that period was 16.3%.
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%.
DNOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NOW Inc. reported an operating income of -50.00M and revenue of 1.18B, resulting in an operating margin of -4.2%.
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%.
DNOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NOW Inc. reported a net income of -44.00M and revenue of 1.18B, resulting in a net margin of -3.7%.
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%.
Frequently Asked Questions
DNOW and CLF have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLF has higher volatility (18.98%) compared to DNOW (7.85%). In terms of maximum drawdown, DNOW dropped -89.06% vs CLF's -98.78%.
CLF currently has the higher Sharpe Ratio (1.28 vs -0.25), 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 DNOW and CLF
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