SLX
VanEck Steel ETF
VanEck Vectors Steel Index Fund seeks investment results that correspond to the price and yield of the Amex Steel Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 174.7 M
ASSETS UNDER MGMT
56 bp
EXPENSES
Fund Basics
| Inception date | Oct 10, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BHP BILLITON LTD-SPON ADR | 7.4 % |
| RIO TINTO PLC-SPON ADR | 6.8 % |
| NUCOR CORP | 6.8 % |
| VALE SA-SP ADR | 6.2 % |
| ARCELORMITTAL SA ADR | 5.6 % |
| STEEL DYNAMICS INC | 5.6 % |
| NIPPON STEEL CORP | 5.5 % |
| RELIANCE STEEL & ALUMINUM | 4.7 % |
| RIO TINTO LTD | 4.6 % |
| POSCO-ADR | 4.4 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 431 |
| Wgt avg mkt cap (mns) | $44,656 |
| Large cap (>$10bn) | 67.7% |
| Mid cap ($2-10bn) | 30.1% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 79.9% |
| Emerging mkts. | 20.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 21.4 % |
 |
AUSTRALIA | 21.4 % |
 |
LUXEMBOURG | 11.1 % |
 |
JAPAN | 10.2 % |
 |
BRAZIL | 8.5 % |
 |
BRITAIN | 7.2 % |
 |
SOUTH KOREA | 5.1 % |
 |
TAIWAN | 4.6 % |
 |
SWEDEN | 2.6 % |
 |
AUSTRIA | 2.2 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.3% | 55.0% | 22.6% | 14.3% | 10.2% | 12.6% | -- | 4.7% |
| Dividend Yield | 0.0% | 2.4% | 3.1% | 3.1% | 4.5% | 3.9% | -- | 3.1% |
| Total Returns | 24.3% | 57.4% | 25.8% | 17.3% | 14.7% | 16.5% | -- | 7.8% | Ann. Volatility | 26.8% | 24.7% | 26.4% | 24.1% | 27.6% | 30.7% | -- | 37.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.30 | 45% |
| MSCI EAFE | 1.22 | 60% |
| MSCI Emg Mkts | 0.72 | 50% |
Liquidity Measures
| Avg. volume (000) | 27 |
| ADV traded (mns) | $3 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.38% |
Technical Indicators
| 30d moving avg. (EMA) | $105.65 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 1.88/1.67 |
| Bollinger Bands (Upper/Lower) | $112.76/$99.13 |
| Short interest (% of AUM) | 1.7% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SLX |
Expenses vs. SLX |
ALTAR Score™ vs. SLX |
|---|---|---|---|---|
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 17.3% | -17 bp | -1.7% |
| XME | State Street SPDR S&P Metals & Mining ETF | 16.3% | -21 bp | -3.2% |
| EV | Mast Global Battery Recycling & Production ETF | 13.0% | +9 bp | -2.5% |
| FXZ | First Trust Materials AlphaDEX Fund | 12.4% | +5 bp | -3.0% |
| IPAV | Global X Infrastructure Development ex-U.S. ETF | 10.8% | -1 bp | -2.6% |
| IYM | iShares U.S. Basic Materials ETF | 10.2% | -16 bp | -4.4% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 10.2% | -16 bp | -3.4% |
Risk and Returns: SLX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/22/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.4%
ALTAR SCORE™
95th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.5%. SLX's ALTAR Score™ is approximately 1.6 standard
deviations above the category average. This places SLX in the 95th percentile
among funds in the category.
Sell-Side Consensus
$105.7
PRICE TARGET
-1.4%
UPSIDE