STLD vs. ^DJUSST
STLD (Steel Dynamics, Inc.) is a stock, while ^DJUSST (Dow Jones U.S. Iron & Steel Index) is an index. Over the past 10 years, STLD returned 26.20%/yr vs 14.65%/yr for ^DJUSST. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
STLD vs. ^DJUSST - Performance Comparison
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Returns By Period
In the year-to-date period, STLD achieves a 38.92% return, which is significantly higher than ^DJUSST's 29.97% return. Over the past 10 years, STLD has outperformed ^DJUSST with an annualized return of 26.20%, while ^DJUSST has yielded a comparatively lower 14.65% annualized return.
STLD
- 1D
- 2.50%
- 1M
- -17.01%
- 6M
- 39.00%
- YTD
- 38.92%
- 1Y
- 75.42%
- 3Y*
- 31.91%
- 5Y*
- 32.77%
- 10Y*
- 26.20%
^DJUSST
- 1D
- 2.33%
- 1M
- -14.27%
- 6M
- 27.23%
- YTD
- 29.97%
- 1Y
- 47.98%
- 3Y*
- 15.87%
- 5Y*
- 19.59%
- 10Y*
- 14.65%
STLD vs. ^DJUSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STLD Steel Dynamics, Inc. | 38.92% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
^DJUSST Dow Jones U.S. Iron & Steel Index | 29.97% | 41.01% | -23.32% | 32.54% | 17.42% | 80.64% | -7.86% | 15.40% | -24.56% | 11.22% |
Correlation
The correlation between STLD and ^DJUSST is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2000 | 0.82 |
The correlation between STLD and ^DJUSST shifts across timeframes, from 0.82 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
STLD vs. ^DJUSST — Risk / Return Rank
STLD
^DJUSST
STLD vs. ^DJUSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Steel Dynamics, Inc. (STLD) and Dow Jones U.S. Iron & Steel Index (^DJUSST). 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.
| STLD | ^DJUSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.28 | +1.19 |
| Martin ratioReturn relative to average drawdown | 10.56 | 6.51 | +4.05 |
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Drawdowns
STLD vs. ^DJUSST - Drawdown Comparison
The maximum STLD drawdown since its inception was -87.05%, which is greater than ^DJUSST's maximum drawdown of -81.48%. Use the drawdown chart below to compare losses from any high point for STLD and ^DJUSST.
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Drawdown Indicators
| STLD | ^DJUSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.05% | -81.48% | -5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -21.17% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -28.66% | -38.57% | +9.91% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -38.57% | +6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -68.46% | -61.00% | -7.46% |
Current DrawdownCurrent decline from peak | -17.01% | -14.27% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -33.22% | -37.01% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 7.40% | -0.19% |
Volatility
STLD vs. ^DJUSST - Volatility Comparison
Steel Dynamics, Inc. (STLD) has a higher volatility of 14.05% compared to Dow Jones U.S. Iron & Steel Index (^DJUSST) at 11.68%. This indicates that STLD's price experiences larger fluctuations and is considered to be riskier than ^DJUSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STLD | ^DJUSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.05% | 11.68% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 27.63% | 22.44% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.40% | 29.44% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.15% | 33.70% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.41% | 34.07% | +5.34% |
Frequently Asked Questions
With a correlation of 0.93, STLD and ^DJUSST move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
STLD has higher volatility (14.05%) compared to ^DJUSST (11.68%). In terms of maximum drawdown, STLD dropped -87.05% vs ^DJUSST's -81.48%.
STLD currently has the higher Sharpe Ratio (2.15 vs 1.64), 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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