NUE vs. MT
NUE (Nucor Corporation) and MT (ArcelorMittal) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 10 years, NUE returned 19.69%/yr vs 15.47%/yr for MT. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
NUE vs. MT - Performance Comparison
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Returns By Period
In the year-to-date period, NUE achieves a 58.67% return, which is significantly higher than MT's 54.65% return. Over the past 10 years, NUE has outperformed MT with an annualized return of 19.69%, while MT has yielded a comparatively lower 15.47% annualized return.
NUE
- 1D
- 0.10%
- 1M
- 16.55%
- 6M
- 45.62%
- YTD
- 58.67%
- 1Y
- 88.03%
- 3Y*
- 15.79%
- 5Y*
- 21.65%
- 10Y*
- 19.69%
- ALL TIME*
- 14.95%
MT
- 1D
- 1.15%
- 1M
- 10.63%
- 6M
- 30.58%
- YTD
- 54.65%
- 1Y
- 129.25%
- 3Y*
- 37.27%
- 5Y*
- 16.43%
- 10Y*
- 15.47%
- ALL TIME*
- 1.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $109.13M | $116.87M | $127.49M | |
| $379.54M | $323.68M | $373.26M |
NUE vs. MT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUE Nucor Corporation | 58.67% | 42.03% | -31.95% | 33.75% | 17.39% | 118.45% | -1.77% | 11.84% | -16.36% | 9.60% |
MT ArcelorMittal | 54.65% | 100.13% | -16.92% | 10.28% | -16.44% | 40.29% | 30.56% | -14.14% | -35.85% | 47.53% |
Correlation
The correlation between NUE and MT is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 1997 | 0.53 |
The correlation between NUE and MT shifts across timeframes, from 0.43 (3 years) to 0.59 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NUE:
$58.60B
MT:
$53.38B
NUE:
$12.56
MT:
$3.82
NUE:
20.49
MT:
18.34
NUE:
1.64
MT:
0.86
NUE:
2.66
MT:
0.97
NUE:
$36.10B
MT:
$62.01B
NUE:
$5.58B
MT:
$34.15B
NUE:
$3.62B
MT:
$5.81B
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Return for Risk
NUE vs. MT — Risk / Return Rank
NUE
MT
NUE vs. MT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nucor Corporation (NUE) and ArcelorMittal (MT). 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.
| NUE | MT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 4.34 | +0.15 |
| Martin ratioReturn relative to average drawdown | 11.41 | 14.15 | -2.74 |
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Drawdowns
NUE vs. MT - Drawdown Comparison
The maximum NUE drawdown since its inception was -68.34%, smaller than the maximum MT drawdown of -97.34%. Use the drawdown chart below to compare losses from any high point for NUE and MT.
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Drawdown Indicators
| NUE | MT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.34% | -97.34% | +29.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -28.84% | +10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -47.79% | -30.83% | -16.96% |
Max Drawdown (5Y)Largest decline over 5 years | -47.79% | -45.99% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -57.21% | -81.10% | +23.89% |
Current DrawdownCurrent decline from peak | -3.16% | -59.10% | +55.94% |
Average DrawdownAverage peak-to-trough decline | -21.09% | -69.36% | +48.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.25% | 8.82% | -1.57% |
Volatility
NUE vs. MT - Volatility Comparison
The current volatility for Nucor Corporation (NUE) is 9.82%, while ArcelorMittal (MT) has a volatility of 11.90%. This indicates that NUE experiences smaller price fluctuations and is considered to be less risky than MT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUE | MT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 11.90% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 22.77% | 37.25% | -14.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.79% | 43.18% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.80% | 39.86% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.04% | 44.45% | -8.41% |
Dividends
NUE vs. MT - Dividend Comparison
NUE's dividend yield for the trailing twelve months is around 0.87%, more than MT's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 0.82% | 1.21% | 2.16% | 1.55% | 1.45% | 0.94% | 0.00% | 1.14% | 0.48% | 0.00% | 0.00% | 4.03% |
NUE Nucor Corporation | 0.87% | 1.35% | 1.86% | 1.19% | 1.52% | 1.50% | 3.03% | 2.85% | 2.97% | 2.38% | 2.52% | 3.70% |
Financials
NUE vs. MT - Financials Comparison
This section allows you to compare key financial metrics between Nucor Corporation and ArcelorMittal. 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
NUE vs. MT - Profitability Comparison
NUE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Nucor Corporation reported a gross profit of 2.03B and revenue of 10.40B. Therefore, the gross margin over that period was 19.6%.
MT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, ArcelorMittal reported a gross profit of 15.46B and revenue of 15.46B. Therefore, the gross margin over that period was 100.0%.
NUE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Nucor Corporation reported an operating income of 0.00 and revenue of 10.40B, resulting in an operating margin of 0.0%.
MT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ArcelorMittal reported an operating income of 753.00M and revenue of 15.46B, resulting in an operating margin of 4.9%.
NUE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Nucor Corporation reported a net income of 1.16B and revenue of 10.40B, resulting in a net margin of 11.1%.
MT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, ArcelorMittal reported a net income of 575.00M and revenue of 15.46B, resulting in a net margin of 3.7%.
Frequently Asked Questions
NUE and MT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MT has higher volatility (11.90%) compared to NUE (9.82%). In terms of maximum drawdown, NUE dropped -68.34% vs MT's -97.34%.
MT currently has the higher Sharpe Ratio (2.90 vs 2.69), 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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