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ETFs

VanEck Steel ETF

SLX
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 10, 2006
Expense Ratio
0.56%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$1,022,492
AUM
$118,953,500
Associated Index
NYSE Arca Steel Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VALE
Vale S.A. - ADR
10.7%
RIO
Rio Tinto plc - ADR
10.66%
PKX
POSCO Holdings Inc - ADR
6.8%
NUE
Nucor Corp.
6.71%
X
United States Steel Corp.
5.97%
TS
Tenaris S.A. - ADR
5.32%
STLD
Steel Dynamics Inc.
4.78%
ATI
ATI Inc
4.69%
CMC
Commercial Metals Co.
4.54%
RS
Reliance Steel & Aluminum Co.
4.47%
Invest with SLX
Trade SLX Options

What is SLX?

The Steel ETF seeks to replicate as closely as possible before fees and expenses the price and yield performance of the NYSE Arca Steel Index.

1M
3M
6M
YTD
1Y
3Y
Max
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SLX
Performance Measures**

for the time period Oct 16, 2006 to Dec 4, 2025

Returns

1M Trailing Return: 9.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 18.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -82.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 37.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.36

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.08

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSLX

ETFs correlated to SLX include PICK, FXZ, XME

SLX
VanEck ETF Trust - VanEck Steel ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
XME
SPDR Series Trust - SPDR Metals & Mining ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
COPX
Global X Funds - Global X Copper Miners ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSLX

Metals Contrarian Switch (187,35,2011)

Category

ETF rotation, contrarian mean reversion, RSI trigger, leveraged tech, metals/commodities, daily rebalancing, single-position

OOS Cumulative Return

94.07%

Metals Contrarian Switch FrankRound edit (257,33,2011)

Category

Tactical rotation, contrarian, mean reversion, leveraged ETFs, volatility, metals/commodities, daily rebalanced

OOS Cumulative Return

91.79%

Create your own algorithmic trading strategy with SLX using Composer

FAQ

SLX is a Global Equities ETF. The Steel ETF seeks to replicate as closely as possible before fees and expenses the price and yield performance of the NYSE Arca Steel Index.

SLX tracks the NYSE Arca Steel Index.

No, SLX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SLX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SLX is -0.0031%. This is the percent change in the value of SLX over the most recent 1-month period. The 3-month return on SLX is 0.0405%. This is the percent change in the value of SLX over the most recent 3-month period.

The standard deviation of SLX for the past year is 0.3058%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SLX include IXJ, SMH, and URA.

ETFs correlated to SLX include PICK, FXZ, and XME.

ETFs that are inversely correlated to SLX include EDZ, EFZ, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.