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ETFs

VanEck Steel ETF

SLX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 10 2006
Expense Ratio
0.56%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$1,296,188
AUM
$101,394,000
Associated Index
NYSE Arca Steel Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RIO
Rio Tinto plc - ADR
11.20%
VALE
Vale S.A. - ADR
9.95%
NUE
Nucor Corp.
6.67%
PKX
POSCO Holdings Inc - ADR
5.92%
GGB
Gerdau S.A. - ADR
5.08%
MT
ArcelorMittal - New York Shares - Level III
5.07%
TS
Tenaris S.A. - ADR
4.83%
CMC
Commercial Metals Co.
4.70%
TX
Ternium S.A. - ADR
4.64%
STLD
Steel Dynamics Inc.
4.62%
Invest with SLX

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.

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
FTRI
First Trust Exchange-Traded Fund III - First Trust Indxx Global Natural Resources Income ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
HAP
VanEck ETF Trust - VanEck Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
COPX
Global X Funds - Global X Copper Miners ETF

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.

Automated Strategies
Related toSLX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

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 -0.0762%. This is the percent change in the value of SLX over the most recent 1-month period. The 3-month return on SLX is -0.1838%. 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 0.3467%. 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 KWEB, IXN, and IXC.

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

ETFs that are inversely correlated to SLX include EPV, EDZ, and SBB.

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.