STLD vs. OLN
STLD (Steel Dynamics, Inc.) and OLN (Olin Corporation) are both stocks. Both are in the Basic Materials sector — STLD in Steel, OLN in Specialty Chemicals. Over the past 10 years, STLD returned 27.79%/yr vs 1.74%/yr for OLN. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
STLD vs. OLN - Performance Comparison
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Returns By Period
In the year-to-date period, STLD achieves a 49.08% return, which is significantly higher than OLN's -9.80% return. Over the past 10 years, STLD has outperformed OLN with an annualized return of 27.79%, while OLN has yielded a comparatively lower 1.74% annualized return.
STLD
- 1D
- -0.49%
- 1M
- 14.01%
- 6M
- 40.67%
- YTD
- 49.08%
- 1Y
- 107.78%
- 3Y*
- 34.78%
- 5Y*
- 33.27%
- 10Y*
- 27.79%
- ALL TIME*
- 16.40%
OLN
- 1D
- -16.51%
- 1M
- -7.63%
- 6M
- -9.71%
- YTD
- -9.80%
- 1Y
- 4.97%
- 3Y*
- -29.87%
- 5Y*
- -15.27%
- 10Y*
- 1.74%
- ALL TIME*
- 4.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.91M | $70.47M | $68.35M | |
| $317.28M | $281.08M | $296.06M |
STLD vs. OLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STLD Steel Dynamics, Inc. | 49.08% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
OLN Olin Corporation | -9.80% | -36.15% | -36.29% | 3.46% | -6.63% | 138.55% | 50.81% | -10.77% | -41.88% | 42.51% |
Correlation
The correlation between STLD and OLN is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.43 |
The correlation between STLD and OLN shifts across timeframes, from 0.36 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
STLD:
$36.01B
OLN:
$2.11B
STLD:
$11.03
OLN:
-$1.22
STLD:
1.78
OLN:
0.32
STLD:
3.85
OLN:
1.23
STLD:
$20.54B
OLN:
$6.70B
STLD:
$3.00B
OLN:
$214.70M
STLD:
$2.97B
OLN:
$74.60M
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Return for Risk
STLD vs. OLN — Risk / Return Rank
STLD
OLN
STLD vs. OLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Steel Dynamics, Inc. (STLD) and Olin Corporation (OLN). 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 | OLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.05 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 0.03 | +4.54 |
| Martin ratioReturn relative to average drawdown | 13.00 | 0.06 | +12.94 |
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Drawdowns
STLD vs. OLN - Drawdown Comparison
The maximum STLD drawdown since its inception was -87.05%, which is greater than OLN's maximum drawdown of -73.80%. Use the drawdown chart below to compare losses from any high point for STLD and OLN.
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Drawdown Indicators
| STLD | OLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.05% | -73.80% | -13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -38.15% | +16.27% |
Max Drawdown (3Y)Largest decline over 3 years | -28.66% | -69.26% | +40.60% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -71.87% | +39.67% |
Max Drawdown (10Y)Largest decline over 10 years | -68.46% | -73.80% | +5.34% |
Current DrawdownCurrent decline from peak | -10.94% | -69.75% | +58.81% |
Average DrawdownAverage peak-to-trough decline | -33.18% | -25.10% | -8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 16.48% | -8.78% |
Volatility
STLD vs. OLN - Volatility Comparison
The current volatility for Steel Dynamics, Inc. (STLD) is 8.59%, while Olin Corporation (OLN) has a volatility of 22.77%. This indicates that STLD experiences smaller price fluctuations and is considered to be less risky than OLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STLD | OLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 22.77% | -14.18% |
Volatility (6M)Calculated over the trailing 6-month period | 27.04% | 43.50% | -16.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.08% | 56.79% | -21.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.08% | 45.69% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.40% | 47.03% | -7.63% |
Dividends
STLD vs. OLN - Dividend Comparison
STLD's dividend yield for the trailing twelve months is around 0.82%, less than OLN's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLN Olin Corporation | 4.32% | 3.84% | 2.37% | 1.48% | 1.51% | 1.39% | 3.26% | 4.64% | 3.98% | 2.25% | 3.12% | 4.63% |
STLD Steel Dynamics, Inc. | 0.82% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
STLD vs. OLN - Financials Comparison
This section allows you to compare key financial metrics between Steel Dynamics, Inc. and Olin Corporation. 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
STLD vs. OLN - Profitability Comparison
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported a gross profit of 958.97M and revenue of 6.09B. Therefore, the gross margin over that period was 15.7%.
OLN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Olin Corporation reported a gross profit of -79.70M and revenue of 1.74B. Therefore, the gross margin over that period was -4.6%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported an operating income of 765.52M and revenue of 6.09B, resulting in an operating margin of 12.6%.
OLN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Olin Corporation reported an operating income of 28.20M and revenue of 1.74B, resulting in an operating margin of 1.6%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported a net income of 534.09M and revenue of 6.09B, resulting in a net margin of 8.8%.
OLN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Olin Corporation reported a net income of -13.30M and revenue of 1.74B, resulting in a net margin of -0.8%.
Frequently Asked Questions
STLD and OLN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLN has higher volatility (22.77%) compared to STLD (8.59%). In terms of maximum drawdown, STLD dropped -87.05% vs OLN's -73.80%.
STLD currently has the higher Sharpe Ratio (2.85 vs 0.02), 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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