NEXT vs. CLF
NEXT (NextDecade Corporation) and CLF (Cleveland-Cliffs Inc.) are both stocks. NEXT operates in Oil & Gas E&P (Energy), while CLF operates in Steel (Basic Materials). Over the past 10 years, NEXT returned -1.63%/yr vs 10.01%/yr for CLF. At a 0.18 correlation, their price movements are largely independent.
Performance
NEXT vs. CLF - Performance Comparison
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Returns By Period
In the year-to-date period, NEXT achieves a 60.53% return, which is significantly higher than CLF's -4.52% return. Over the past 10 years, NEXT has underperformed CLF with an annualized return of -1.63%, while CLF has yielded a comparatively higher 10.01% annualized return.
NEXT
- 1D
- -0.82%
- 1M
- 11.90%
- YTD
- 60.53%
- 6M
- 31.78%
- 1Y
- 1.81%
- 3Y*
- 11.28%
- 5Y*
- 14.12%
- 10Y*
- -1.63%
CLF
- 1D
- -6.28%
- 1M
- 15.06%
- YTD
- -4.52%
- 6M
- 2.51%
- 1Y
- 66.84%
- 3Y*
- -7.46%
- 5Y*
- -11.40%
- 10Y*
- 10.01%
NEXT vs. CLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade Corporation | 60.53% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
CLF Cleveland-Cliffs Inc. | -4.52% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | 6.66% | -14.27% |
Correlation
The correlation between NEXT and CLF is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.18 |
The correlation between NEXT and CLF shifts across timeframes, from -0.08 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NEXT:
$2.24B
CLF:
$7.16B
NEXT:
-$1.35
CLF:
-$2.37
NEXT:
$0.00
CLF:
$18.90B
NEXT:
-$15.67M
CLF:
-$528.00M
NEXT:
-$271.66M
CLF:
$134.00M
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Return for Risk
NEXT vs. CLF — Risk / Return Rank
NEXT
CLF
NEXT vs. CLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextDecade Corporation (NEXT) 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.
| NEXT | CLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.30 | -1.27 |
| Martin ratioReturn relative to average drawdown | 0.04 | 2.68 | -2.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEXT | CLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.98 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.19 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.16 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.13 | -0.15 |
Drawdowns
NEXT vs. CLF - Drawdown Comparison
The maximum NEXT drawdown since its inception was -88.79%, smaller than the maximum CLF drawdown of -98.78%. Use the drawdown chart below to compare losses from any high point for NEXT and CLF.
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Drawdown Indicators
| NEXT | CLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.79% | -98.78% | +9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -60.00% | -51.67% | -8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -74.46% | +14.46% |
Max Drawdown (5Y)Largest decline over 5 years | -60.00% | -82.37% | +22.37% |
Max Drawdown (10Y)Largest decline over 10 years | -88.79% | -82.37% | -6.42% |
Current DrawdownCurrent decline from peak | -29.50% | -87.07% | +57.57% |
Average DrawdownAverage peak-to-trough decline | -39.04% | -47.61% | +8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.88% | 25.01% | +15.87% |
Volatility
NEXT vs. CLF - Volatility Comparison
The current volatility for NextDecade Corporation (NEXT) is 14.18%, while Cleveland-Cliffs Inc. (CLF) has a volatility of 20.72%. This indicates that NEXT 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.
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Volatility by Period
| NEXT | CLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.18% | 20.72% | -6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 46.34% | 46.41% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.74% | 68.41% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.46% | 59.53% | +16.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.06% | 62.05% | +25.01% |
Dividends
NEXT vs. CLF - Dividend Comparison
Neither NEXT 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% |
NEXT NextDecade Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NEXT vs. CLF - Financials Comparison
This section allows you to compare key financial metrics between NextDecade Corporation 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
Frequently Asked Questions
NEXT and CLF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLF has higher volatility (20.72%) compared to NEXT (14.18%). In terms of maximum drawdown, NEXT dropped -88.79% vs CLF's -98.78%.
CLF currently has the higher Sharpe Ratio (0.98 vs 0.03), 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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