NUE correlations (Nucor)
Which assets move with NUE and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Materials · Steel
Volatility (ann.)
33.3%
3y weekly
Beta vs S&P 500
1.08
3y weekly
1-year return
+70.1%
price, adjusted
5-year return
+124.6%
price, adjusted
Market cap
$57.3B
latest
P/E ratio
20.1
trailing
Dividend yield
0.88%
trailing
Max drawdown
-47.8%
3y, daily closes
NUE over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with NUE
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| STLD | Steel Dynamics | 0.85 | |
| RS | Reliance, Inc. | 0.76 | |
| CMC | Commercial Metals Company | 0.74 | |
| CLF | Cleveland-Cliffs Inc. | 0.68 | |
| MTUS | Metallus Inc. | 0.64 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.59 | |
| RYZ | Ryerson Holding Corporation | 0.59 | |
| IEX | IDEX Corporation | 0.58 | |
| WCC | WESCO International, Inc. | 0.58 | |
| XLB | Materials Select Sector SPDR Fund | 0.57 | |
| VTV | Vanguard Value ETF | 0.57 | |
| VYM | Vanguard High Dividend Yield ETF | 0.57 | |
| KALU | Kaiser Aluminum Corporation | 0.57 | |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.57 | |
| XLI | Industrial Select Sector SPDR Fund | 0.57 |
Best diversifiers for NUE
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from NUE.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.40 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.37 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.27 | |
| GNPX | Genprex, Inc. | -0.25 | |
| LANV | Lanvin Group Holdings Limited | -0.25 | |
| JL | J-Long Group Limited - Class A | -0.23 | |
| MACI | Melar Acquisition Corp. I - Class A | -0.22 | |
| RFAI | RF Acquisition Corp II | -0.19 | |
| RGC | Regencell Bioscience Holdings Limited | -0.17 | |
| HSDT | Solana Company | -0.16 |
NUE vs benchmarks
NUE vs its peers
Get NUE data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/nue.jsonCorrelations, diversifiers, beta and volatility for NUE, plus one endpoint per pair. API documentation.
NUE inside major ETFs
| ETF | NUE weight | |
|---|---|---|
| XLB | Materials Select Sector SPDR Fund | 4.28% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.36% |
| VIG | Vanguard Dividend Appreciation ETF | 0.25% |
| VYM | Vanguard High Dividend Yield ETF | 0.23% |
| VTV | Vanguard Value ETF | 0.22% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.19% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.19% |
| DGRO | iShares Core Dividend Growth ETF | 0.11% |
| IVV | iShares Core S&P 500 ETF | 0.09% |
| SPY | SPDR S&P 500 ETF Trust | 0.09% |
