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
$ 169.0 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 | 8.0 % |
| RIO TINTO PLC-SPON ADR | 7.9 % |
| NUCOR CORP | 6.9 % |
| VALE SA-SP ADR | 6.6 % |
| RIO TINTO LTD | 6.5 % |
| POSCO-ADR | 6.0 % |
| FORTESCUE METALS GROUP LTD | 5.1 % |
| STEEL DYNAMICS INC | 5.0 % |
| ARCELORMITTAL SA ADR | 4.7 % |
| RELIANCE STEEL & ALUMINUM | 4.7 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 467 |
| Wgt avg mkt cap (mns) | $42,112 |
| Large cap (>$10bn) | 64.2% |
| Mid cap ($2-10bn) | 31.5% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 79.2% |
| Emerging mkts. | 20.7% |
Sector Breakdown
Country Exposure
 |
AUSTRALIA | 24.6 % |
 |
UNITED STATES | 20.6 % |
 |
LUXEMBOURG | 10.1 % |
 |
BRAZIL | 8.8 % |
 |
BRITAIN | 8.3 % |
 |
JAPAN | 8.0 % |
 |
SOUTH KOREA | 6.8 % |
 |
TAIWAN | 4.1 % |
 |
AUSTRIA | 2.1 % |
 |
SWEDEN | 2.0 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 21.9% | 72.0% | 22.6% | 19.3% | 11.8% | 13.3% | -- | 4.6% |
| Dividend Yield | 0.0% | 2.7% | 3.1% | 3.2% | 4.5% | 3.9% | -- | 3.2% |
| Total Returns | 21.9% | 74.7% | 25.7% | 22.5% | 16.3% | 17.2% | -- | 7.8% | Ann. Volatility | 26.6% | 23.6% | 25.4% | 24.1% | 27.9% | 31.2% | -- | 37.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 42% |
| MSCI EAFE | 1.18 | 53% |
| MSCI Emg Mkts | 0.89 | 49% |
Liquidity Measures
| Avg. volume (000) | 29 |
| ADV traded (mns) | $3 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.37% |
Technical Indicators
| 30d moving avg. (EMA) | $100.67 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 2.96/2.57 |
| Bollinger Bands (Upper/Lower) | $107.66/$97.42 |
| Short interest (% of AUM) | 2.6% |
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 |
|---|---|---|---|---|
| XME | State Street SPDR S&P Metals & Mining ETF | 19.1% | -21 bp | -3.2% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 16.4% | -17 bp | -1.6% |
| FXZ | First Trust Materials AlphaDEX Fund | 14.8% | +5 bp | -2.3% |
| EV | Mast Global Battery Recycling & Production ETF | 13.6% | +9 bp | -2.2% |
| IYM | iShares U.S. Basic Materials ETF | 10.6% | -16 bp | -4.0% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 5/14/2026
Peer Group Comparison
Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
8.0%
ALTAR SCORE™
92nd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 585 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. SLX's ALTAR Score™ is approximately 1.4 standard
deviations above the category average. This places SLX in the 92nd percentile
among funds in the category.
Sell-Side Consensus
$105.09
PRICE TARGET
-4.3%
UPSIDE