STLD correlations (Steel Dynamics)
Which assets move with STLD 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.)
34.5%
3y weekly
Beta vs S&P 500
1.13
3y weekly
1-year return
+79.8%
price, adjusted
5-year return
+262.0%
price, adjusted
Market cap
$33.8B
latest
P/E ratio
21.4
trailing
Dividend yield
0.87%
trailing
Max drawdown
-28.7%
3y, daily closes
STLD over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with STLD
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| NUE | Nucor | 0.85 | |
| CMC | Commercial Metals Company | 0.75 | |
| RS | Reliance, Inc. | 0.73 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.64 | |
| CLF | Cleveland-Cliffs Inc. | 0.63 | |
| KALU | Kaiser Aluminum Corporation | 0.61 | |
| MTUS | Metallus Inc. | 0.61 | |
| RYZ | Ryerson Holding Corporation | 0.60 | |
| IEX | IDEX Corporation | 0.59 | |
| IWM | iShares Russell 2000 ETF | 0.59 | |
| XLB | Materials Select Sector SPDR Fund | 0.59 | |
| DOV | Dover Corporation | 0.59 | |
| AIT | Applied Industrial Technologies, Inc. | 0.58 | |
| URI | United Rentals | 0.58 | |
| WS | Worthington Steel, Inc. | 0.58 |
Best diversifiers for STLD
If the goal is offsetting STLD, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.38 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.38 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.28 | |
| LANV | Lanvin Group Holdings Limited | -0.26 | |
| MACI | Melar Acquisition Corp. I - Class A | -0.22 | |
| RFAI | RF Acquisition Corp II | -0.21 | |
| ICCM | IceCure Medical Ltd. | -0.21 | |
| JL | J-Long Group Limited - Class A | -0.21 | |
| FWDI | Forward Industries, Inc. | -0.19 | |
| ACXP | Acurx Pharmaceuticals, Inc. | -0.17 |
STLD vs benchmarks
STLD vs its peers
Get STLD data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/stld.jsonCorrelations, diversifiers, beta and volatility for STLD, plus one endpoint per pair. API documentation.
STLD inside major ETFs
| ETF | STLD weight | |
|---|---|---|
| XLB | Materials Select Sector SPDR Fund | 3.73% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.19% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.16% |
| VIG | Vanguard Dividend Appreciation ETF | 0.15% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.11% |
| VTV | Vanguard Value ETF | 0.06% |
| DGRO | iShares Core Dividend Growth ETF | 0.05% |
| IVV | iShares Core S&P 500 ETF | 0.05% |
| VOO | Vanguard S&P 500 ETF | 0.05% |
