QTEX vs. CLF

Last updated Jun 4, 2026

QTEX (QTREX Quantum Ltd.) and CLF (Cleveland-Cliffs Inc.) are both stocks. QTEX operates in Computer Hardware (Technology), while CLF operates in Steel (Basic Materials). Over the past 3 years, QTEX returned 14.93%/yr vs -2.03%/yr for CLF. At a 0.13 correlation, their price movements are largely independent.

Performance

QTEX vs. CLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QTREX Quantum Ltd. (QTEX) and Cleveland-Cliffs Inc. (CLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTEX achieves a 134.44% return, which is significantly higher than CLF's 6.55% return.

QTEX

• 1D: -9.05%
• 1M: 341.88%
• YTD: 134.44%
• 6M: 97.20%
• 1Y: 260.07%
• 3Y*: 14.93%
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QTEX vs. CLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTEX QTREX Quantum Ltd.	134.44%	-11.76%	-3.77%	-17.83%	-68.99%	-12.42%
CLF Cleveland-Cliffs Inc.	6.55%	41.28%	-53.97%	26.75%	-26.00%	-0.37%

Correlation

The correlation between QTEX and CLF is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.13

Return for Risk

QTEX vs. CLF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTEX

QTEX Risk / Return Rank: 86
QTEX Sharpe Ratio Rank: 77
QTEX Sortino Ratio Rank: 96
QTEX Omega Ratio Rank: 93
QTEX Calmar Ratio Rank: 84
QTEX Martin Ratio Rank: 79

CLF

CLF Risk / Return Rank: 72
CLF Sharpe Ratio Rank: 77
CLF Sortino Ratio Rank: 72
CLF Omega Ratio Rank: 72
CLF Calmar Ratio Rank: 71
CLF Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTEX vs. CLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QTREX Quantum Ltd. (QTEX) 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.

	QTEX	CLF	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.28	-0.05
Sortino ratio: Return per unit of downside risk	4.29	1.84	+2.45
Omega ratio: Gain probability vs. loss probability	1.51	1.24	+0.27
Calmar ratio: Return relative to maximum drawdown	3.26	1.70	+1.56
Martin ratio: Return relative to average drawdown	6.05	3.51	+2.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTEX vs. CLF - Sharpe Ratio Comparison

The current QTEX Sharpe Ratio is 1.24, which is comparable to the CLF Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of QTEX and CLF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTEX	CLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.28	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.14	-0.21

Drawdowns

QTEX vs. CLF - Drawdown Comparison

The maximum QTEX drawdown since its inception was -96.84%, roughly equal to the maximum CLF drawdown of -98.78%. Use the drawdown chart below to compare losses from any high point for QTEX and CLF.

Drawdown Indicators

	QTEX	CLF	Difference
Max Drawdown Largest peak-to-trough decline	-96.84%	-98.78%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-80.33%	-51.67%	-28.66%
Max Drawdown (3Y) Largest decline over 3 years	-86.94%	-74.46%	-12.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-82.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.37%	—
Current Drawdown Current decline from peak	-78.00%	-85.57%	+7.57%
Average Drawdown Average peak-to-trough decline	-81.95%	-47.60%	-34.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.20%	24.95%	+18.25%

Volatility

QTEX vs. CLF - Volatility Comparison

QTREX Quantum Ltd. (QTEX) has a higher volatility of 130.07% compared to Cleveland-Cliffs Inc. (CLF) at 18.98%. This indicates that QTEX's price experiences larger fluctuations and is considered to be riskier than CLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTEX	CLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	130.07%	18.98%	+111.09%
Volatility (6M) Calculated over the trailing 6-month period	142.87%	45.50%	+97.37%
Volatility (1Y) Calculated over the trailing 1-year period	211.49%	68.41%	+143.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.26%	59.44%	+135.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.26%	62.14%	+133.12%

Dividends

QTEX vs. CLF - Dividend Comparison

Neither QTEX 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%
QTEX QTREX Quantum Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both QTEX and CLF in my portfolio?

QTEX and CLF have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTEX or CLF?

QTEX has higher volatility (130.07%) compared to CLF (18.98%). In terms of maximum drawdown, QTEX dropped -96.84% vs CLF's -98.78%.

Which has better risk-adjusted returns?

CLF currently has the higher Sharpe Ratio (1.28 vs 1.24), 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.