MT vs. STLD
MT (ArcelorMittal) and STLD (Steel Dynamics, Inc.) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 10 years, MT returned 17.84%/yr vs 28.98%/yr for STLD. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
MT vs. STLD - Performance Comparison
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Returns By Period
In the year-to-date period, MT achieves a 40.56% return, which is significantly lower than STLD's 48.57% return. Over the past 10 years, MT has underperformed STLD with an annualized return of 17.84%, while STLD has yielded a comparatively higher 28.98% annualized return.
MT
- 1D
- 0.54%
- 1M
- -3.53%
- YTD
- 40.56%
- 6M
- 42.09%
- 1Y
- 115.18%
- 3Y*
- 35.82%
- 5Y*
- 18.31%
- 10Y*
- 17.84%
STLD
- 1D
- 0.43%
- 1M
- 4.56%
- YTD
- 48.57%
- 6M
- 43.66%
- 1Y
- 102.05%
- 3Y*
- 36.68%
- 5Y*
- 35.36%
- 10Y*
- 28.98%
MT vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 40.56% | 100.13% | -16.92% | 10.28% | -16.44% | 40.29% | 30.56% | -14.14% | -35.85% | 47.53% |
STLD Steel Dynamics, Inc. | 48.57% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between MT and STLD is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 1997 | 0.52 |
The correlation between MT and STLD shifts across timeframes, from 0.46 (3 years) to 0.60 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MT:
$48.71B
STLD:
$36.34B
MT:
$3.82
STLD:
$9.33
MT:
16.71
STLD:
26.89
MT:
0.79
STLD:
1.94
MT:
0.88
STLD:
3.97
MT:
$62.01B
STLD:
$19.01B
MT:
$34.15B
STLD:
$2.66B
MT:
$5.81B
STLD:
$2.23B
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Return for Risk
MT vs. STLD — Risk / Return Rank
MT
STLD
MT vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ArcelorMittal (MT) 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.
| MT | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 5.05 | -1.03 |
| Martin ratioReturn relative to average drawdown | 13.85 | 16.77 | -2.92 |
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Drawdowns
MT vs. STLD - Drawdown Comparison
The maximum MT drawdown since its inception was -97.34%, which is greater than STLD's maximum drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for MT and STLD.
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Drawdown Indicators
| MT | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.34% | -87.05% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -20.33% | -8.51% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -28.66% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -45.99% | -32.20% | -13.79% |
Max Drawdown (10Y)Largest decline over 10 years | -81.10% | -68.46% | -12.64% |
Current DrawdownCurrent decline from peak | -62.82% | -11.24% | -51.58% |
Average DrawdownAverage peak-to-trough decline | -69.39% | -33.25% | -36.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.35% | 6.11% | +2.24% |
Volatility
MT vs. STLD - Volatility Comparison
ArcelorMittal (MT) has a higher volatility of 14.41% compared to Steel Dynamics, Inc. (STLD) at 13.03%. This indicates that MT'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.
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Volatility by Period
| MT | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.41% | 13.03% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 36.14% | 26.49% | +9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.49% | 34.30% | +8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.91% | 38.12% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.91% | 39.39% | +5.52% |
Dividends
MT vs. STLD - Dividend Comparison
MT's dividend yield for the trailing twelve months is around 0.90%, more than STLD's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 0.90% | 1.21% | 2.16% | 1.55% | 1.45% | 0.94% | 0.00% | 1.14% | 0.48% | 0.00% | 0.00% | 4.03% |
STLD Steel Dynamics, Inc. | 0.81% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
MT vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between ArcelorMittal 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
MT vs. STLD - Profitability Comparison
MT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported a gross profit of 15.46B and revenue of 15.46B. Therefore, the gross margin over that period was 100.0%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
MT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported an operating income of 753.00M and revenue of 15.46B, resulting in an operating margin of 4.9%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
MT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported a net income of 575.00M and revenue of 15.46B, resulting in a net margin of 3.7%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
MT and STLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MT has higher volatility (14.41%) compared to STLD (13.03%). In terms of maximum drawdown, MT dropped -97.34% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (3.00 vs 2.73), 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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