Which stocks are most correlated with CLF?

Based on one year of daily returns, the stocks most correlated with Cleveland-Cliffs Inc. (CLF) are SLX (0.60), XME (0.59) and PYZ (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CLF?

Over the past year, the stocks most inversely correlated with Cleveland-Cliffs Inc. (CLF) are TZA (-0.45), SRTY (-0.45) and RWM (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Cleveland-Cliffs Inc. (CLF) — Stock Correlations & Overview

Over the past year, CLF has moved most closely with SLX, XME, PYZ. Explore the stocks most correlated and inversely correlated with CLF below, along with its price, financials, and company profile.

Stocks correlated with CLF

Correlation of daily returns. Higher positive values move with CLF; negative values move opposite it. Informational only, not investment advice.

Most correlated with CLF

Symbol	Company	Correlation
SLX	VanEck Steel ETF	0.60
XME	State Street SPDR S&P Metals & Mining ETF	0.59
PYZ	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF	0.55
NUE	Nucor CorporationSTEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.54
STLD	Steel Dynamics IncSTEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)	0.53

Most inversely correlated with CLF

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.45
SRTY	ProShares UltraPro Short Russell2000	-0.45
RWM	ProShares Short Russell2000	-0.45
SMDD	ProShares UltraPro Short MidCap400	-0.44
TWM	ProShares UltraShort Russell2000	-0.44

Frequently asked questions about CLF correlations

Which stocks are most correlated with CLF?: Based on one year of daily returns, the stocks most correlated with Cleveland-Cliffs Inc. (CLF) are SLX (0.60), XME (0.59) and PYZ (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CLF?: Over the past year, the stocks most inversely correlated with Cleveland-Cliffs Inc. (CLF) are TZA (-0.45), SRTY (-0.45) and RWM (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CLF correlations calculated?: We compute the correlation of daily returns between CLF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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