SNAP vs. CLF
SNAP (Snap Inc.) and CLF (Cleveland-Cliffs Inc.) are both stocks. SNAP operates in Internet Content & Information (Communication Services), while CLF operates in Steel (Basic Materials). Over the past 5 years, SNAP returned -39.35%/yr vs -10.83%/yr for CLF. At a 0.26 correlation, their price movements are largely independent.
Performance
SNAP vs. CLF - Performance Comparison
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Returns By Period
In the year-to-date period, SNAP achieves a -34.82% return, which is significantly lower than CLF's 3.77% return.
SNAP
- 1D
- -1.31%
- 1M
- -4.88%
- YTD
- -34.82%
- 6M
- -28.04%
- 1Y
- -33.75%
- 3Y*
- -20.12%
- 5Y*
- -39.35%
- 10Y*
- —
CLF
- 1D
- 0.51%
- 1M
- 33.66%
- YTD
- 3.77%
- 6M
- 8.42%
- 1Y
- 92.19%
- 3Y*
- -6.24%
- 5Y*
- -10.83%
- 10Y*
- 11.73%
SNAP vs. CLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNAP Snap Inc. | -34.82% | -25.07% | -36.39% | 89.16% | -80.97% | -6.07% | 206.61% | 196.37% | -62.29% | -39.12% |
CLF Cleveland-Cliffs Inc. | 3.77% | 41.28% | -53.97% | 26.75% | -26.00% | 49.52% | 77.38% | 12.72% | 6.66% | -33.67% |
Correlation
The correlation between SNAP and CLF is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2017 | 0.26 |
Fundamentals
SNAP:
$8.88B
CLF:
$7.78B
SNAP:
-$0.24
CLF:
-$2.37
SNAP:
1.46
CLF:
0.37
SNAP:
4.26
CLF:
1.34
SNAP:
$6.10B
CLF:
$18.90B
SNAP:
$3.40B
CLF:
-$528.00M
SNAP:
-$173.71M
CLF:
$134.00M
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Return for Risk
SNAP vs. CLF — Risk / Return Rank
SNAP
CLF
SNAP vs. CLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snap Inc. (SNAP) 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.
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.
| SNAP | CLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.25 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.79 | -2.38 |
| Martin ratioReturn relative to average drawdown | -1.06 | 3.68 | -4.75 |
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Drawdowns
SNAP vs. CLF - Drawdown Comparison
The maximum SNAP drawdown since its inception was -95.27%, roughly equal to the maximum CLF drawdown of -98.78%. Use the drawdown chart below to compare losses from any high point for SNAP and CLF.
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Drawdown Indicators
| SNAP | CLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.27% | -98.78% | +3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -62.03% | -51.67% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -77.48% | -74.46% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -95.27% | -82.37% | -12.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.37% | — |
Current DrawdownCurrent decline from peak | -93.67% | -85.95% | -7.72% |
Average DrawdownAverage peak-to-trough decline | -60.04% | -47.62% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.45% | 25.06% | +9.39% |
Volatility
SNAP vs. CLF - Volatility Comparison
The current volatility for Snap Inc. (SNAP) is 12.67%, while Cleveland-Cliffs Inc. (CLF) has a volatility of 22.19%. This indicates that SNAP 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
| SNAP | CLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 22.19% | -9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 41.17% | 47.32% | -6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.41% | 68.48% | -13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.96% | 59.28% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.73% | 62.12% | +9.61% |
Dividends
SNAP vs. CLF - Dividend Comparison
Neither SNAP 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% |
SNAP Snap Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SNAP vs. CLF - Financials Comparison
This section allows you to compare key financial metrics between Snap 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
SNAP vs. CLF - Profitability Comparison
SNAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Snap Inc. reported a gross profit of 863.55M and revenue of 1.53B. Therefore, the gross margin over that period was 56.5%.
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%.
SNAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Snap Inc. reported an operating income of -74.45M and revenue of 1.53B, resulting in an operating margin of -4.9%.
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%.
SNAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Snap Inc. reported a net income of -88.95M and revenue of 1.53B, resulting in a net margin of -5.8%.
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
SNAP and CLF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLF has higher volatility (22.19%) compared to SNAP (12.67%). In terms of maximum drawdown, SNAP dropped -95.27% vs CLF's -98.78%.
CLF currently has the higher Sharpe Ratio (1.35 vs -0.66), 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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