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Vitals
Issuer
VanEck
Brand
VanEck
Structure
ETF
Expense Ratio
0.56%
ETF Home Page
Home page
Inception
Oct 102006
Index Tracked
NYSE Arca Steel (TR)
Analyst Report
This ETF gives investors exposure to publicly traded companies primarily involved in steel productionincluding the operation of manufacturing millsfabrication of productionsand the extraction and reduction of iron ore. SLX is poised to benefit nicely from increased steel demand as the global economic recovery picks up speed and from continued investments in infrastructure. SLX often trades as a leveraged play on the underlying natural resourcesmeaning that this fund can experience significant volatility but can be a powerful tool for profiting from a surge in steel prices.
FactSet Classifications
| Segment | Equity: Global Steel Producers |
| Category | Sector |
| Focus | Materials |
| Niche | Steel Producers |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
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Historical Trading Data
- 1 Month Avg. Volume 44,136
- 3 Month Avg. Volume 35,689
Alternative ETFs in the ETF Database Materials Category
Top 15 Holdings New
Concentration Analysis
This section compares how balanced and deep this ETF is relative to its peers.
Holdings Comparison
| SLX | ETF Database Category Average | |
|---|---|---|
| Number of Holdings | 24 | 62 |
| % of Assets in Top 10 | 61.50% | 50.50% |
| % of Assets in Top 15 | 83.64% | 65.09% |
| % of Assets in Top 50 | 100.00% | 94.90% |
Size Comparison
| SLX | ETF Database Category Average | |
|---|---|---|
| Large (>12.9B) | 61.14% | 47.65% |
| Mid (>2.7B) | 22.78% | 38.70% |
| Small (>600M) | 13.97% | 12.43% |
| Micro (<600M) | 2.12% | 0.64% |
SLX Valuation
This section compares the P/E ratio of this ETF to its peers.
SLX
P/E Ratio
15.15
ETF Database Category Average
P/E Ratio
18.32
FactSet Segment Average
P/E Ratio
15.15
SLX Dividend
This section compares the dividend yield of this ETF to its peers.
| SLX | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 2.08 | $ 0.53 | $ 2.08 |
| Dividend Date | 2024-12-23 | N/A | N/A |
| Annual Dividend Rate | $ 2.08 | $ 1.06 | $ 2.08 |
| Annual Dividend Yield | 2.49% | 1.62% | 2.49% |
SLX Price and Volume Charts
View charts featuring SLX price and volume data.
SLX Fund Flows Charts New
View charts featuring ETF fund flow data.
5 Day Net Flows: 6.08 M 1 Month Net Flows: 6.16 M 3 Month Net Flows: 36.03 M 6 Month Net Flows: 36.45 M 1 Year Net Flows: 29.17 M 3 Year Net Flows: 2.33 M 5 Year Net Flows: 29.47 M 10 Year Net Flows: -24.34 MSLX Price vs Flows AUM Influence Charts
View charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 8.57 M1 Month Net AUM Change: 6.97 M
3 Month Net AUM Change: 49.9 M
6 Month Net AUM Change: 59.93 M
1 Year Net AUM Change: 41.41 M
3 Year Net AUM Change: 22.71 M
5 Year Net AUM Change: 76.38 M
10 Year Net AUM Change: 81.44 M
Realtime Rating
The adjacent table gives investors an individual Realtime Rating for SLX on several different metricsincluding liquidityexpensesperformancevolatilitydividendconcentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" fieldavailable to ETF Database Pro membersshows the ETF in the Materials with the highest Metric Realtime Rating for each individual field. To view all of this datasign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings workclick here.
SLX Expenses & Fees
This section compares the cost efficiency of this ETF to its peers.
Expenses Ratio Analysis
SLX
Expense Ratio
0.56%
ETF Database Category Average
Expense Ratio
0.46%
FactSet Segment Average
Expense Ratio
0.56%
Tax Analysis
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
ESG Themes and Scores
5.27/10
ESG Score
18.38%
Global Percentile
28.79%
Peer Percentile
SLX Performance
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| SLX |
ETF Database
Category Average |
|
|---|---|---|
| 1 Month Return | 5.55% | 8.48% |
| 3 Month Return | 19.51% | 13.81% |
| YTD Return | 42.52% | 64.27% |
| 1 Year Return | 22.88% | 48.48% |
| 3 Year Return | 13.78% | 15.94% |
| 5 Year Return | 19.46% | 9.97% |
Geographic Exposure
The following charts reflect the geographic spread of SLX's underlying holdings.
| Region | Percentage |
|---|---|
| NorthCentral and South America | 99.95% |
| Other | 0.05% |
| Country | Percentage |
|---|---|
| United States | 50.98% |
| Brazil | 18.13% |
| Luxembourg | 14.91% |
| United Kingdom | 10.79% |
| South Korea | 4.5% |
| Canada | 0.63% |
| Other | 0.05% |
Holdings Analysis
The following charts reflect the allocation of SLX's underlying holdings.
| Sector | Percentage |
|---|---|
| Non-Energy Minerals | 90.16% |
| Energy Minerals | 5.14% |
| Producer Manufacturing | 4.65% |
| CASH | 0.05% |
| Market Cap | Percentage |
|---|---|
| Large | 61.14% |
| Mid | 22.78% |
| Small | 13.97% |
| Micro | 2.12% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 51.61% |
| American Depositary Receipt | 48.34% |
| CASH | 0.05% |
| Sector | Percentage |
|---|---|
| Non-Energy Minerals | 90.16% |
| Energy Minerals | 5.14% |
| Producer Manufacturing | 4.65% |
| CASH | 0.05% |
SLX Technicals
Volatility Analysis
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 50.70% |
| 20 Day Volatility | 19.91% |
| 50 Day Volatility | 23.85% |
| 200 Day Volatility | 22.62% |
| Beta | 1.33 |
| Standard Deviation | 6.71% |
5 Day Volatility
50.70%
Rank
23 of 33
23 of 33
Low
CCNR (12.07%)
CCNR (12.07%)
High
REMX (335.59%)
REMX (335.59%)
20 Day Volatility
19.91%
Rank
20 of 33
20 of 33
Low
GBLD (12.28%)
GBLD (12.28%)
High
SLVP (48.48%)
SLVP (48.48%)
50 Day Volatility
23.85%
Rank
18 of 33
18 of 33
Low
GBLD (11.17%)
GBLD (11.17%)
High
SLVP (56.01%)
SLVP (56.01%)
200 Day Volatility
22.62%
Rank
18 of 33
18 of 33
Low
GBLD (11.35%)
GBLD (11.35%)
High
REMX (48.22%)
REMX (48.22%)
Beta
1.33
Rank
4 of 33
4 of 33
Low
AUMI (-0.27)
AUMI (-0.27)
High
CCNR (30.62)
CCNR (30.62)
Standard Deviation
6.71%
Rank
16 of 33
16 of 33
Low
NDIV (1.07%)
NDIV (1.07%)
High
GDXJ (18.98%)
GDXJ (18.98%)
Technicals
- 20 Day MA $79.20
- 60 Day MA $76.23
- MACD 15 Period 3.90
- MACD 100 Period 9.55
- Williams % Range 10 Day 5.00
- Williams % Range 20 Day 5.00
- RSI 10 Day 74
- RSI 20 Day 66
- RSI 30 Day 64
- Ultimate Oscillator 65
Bollinger Bands
- Lower Bollinger (10 Day) $75.53
- Upper Bollinger (10 Day) $84.61
- Lower Bollinger (20 Day) $75.33
- Upper Bollinger (20 Day) $83.02
- Lower Bollinger (30 Day) $75.40
- Upper Bollinger (30 Day) $82.47
Support & Resistance
- Support Level 1 n/a
- Support Level 2 $82.24
- Resistance Level 1 n/a
- Resistance Level 2 $83.96
Stochastic
- Stochastic Oscillator %D (1 Day) 68.82
- Stochastic Oscillator %D (5 Day) 86.10
- Stochastic Oscillator %K (1 Day) 57.36
- Stochastic Oscillator %K (5 Day) 80.84
Tradability
- Tracking Difference Median (%) -0.65
- Tracking Difference Max Upside (%) -0.48
- Tracking Difference Max Downside (%) -0.87
- Median Premium Discount (%) -0.02
- Maximum Premium Discount (%) 0.39
- Average Spread (%) 21.53
- Average Spread ($) 21.53
Financial Advisor Report
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact Sheet
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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ETF Database analysts have a combined 50 years in the ETF and Financial marketscovering every asset class and investment . The team monitors new filingsnew launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Disclosures
Copyright © 2025 FactSet Research Systems Inc. All rights reserved.
Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmentalsocial and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submittedto nor received approval fromthe US SEC or any other regulatory body. None of the information constitutes an offer to buy or sellor a promotion or recommendation ofany securityfinancial instrument or product or trading strategynor should it be taken as an indication or guarantee of any future performance analysisforecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal useand may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warrantiesrepresentations or guaranteesand in no event will MSCI ESG or any such affiliate or third party have any liability for any directindirectspecialpunitiveconsequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metricsprovided by MSCI ESG Research LLCcan be found at https://www.msci.com/esg-fund-metrics.
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Information is provided 'as is' and solely for informational purposesnot for trading purposes or adviceand is delayed. To see all exchange delays and terms of useplease see disclaimer.
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