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
$ 153.5 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 | 8.0 % |
| VALE SA-SP ADR | 7.2 % |
| RIO TINTO LTD | 6.5 % |
| NUCOR CORP | 6.0 % |
| FORTESCUE METALS GROUP LTD | 5.7 % |
| NIPPON STEEL CORP | 4.6 % |
| ARCELORMITTAL SA ADR | 4.6 % |
| RELIANCE STEEL & ALUMINUM | 4.6 % |
| POSCO-ADR | 4.5 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 482 |
| 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. | 78.4% |
| Emerging mkts. | 21.2% |
Sector Breakdown
Country Exposure
 |
AUSTRALIA | 25.2 % |
 |
UNITED STATES | 18.9 % |
 |
LUXEMBOURG | 10.5 % |
 |
JAPAN | 9.9 % |
 |
BRAZIL | 9.2 % |
 |
BRITAIN | 8.3 % |
 |
SOUTH KOREA | 5.2 % |
 |
TAIWAN | 4.9 % |
 |
AUSTRIA | 2.1 % |
 |
SWEDEN | 1.9 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.1% | 62.4% | 19.6% | 15.3% | 15.8% | 17.9% | -- | 4.5% |
| Dividend Yield | 0.0% | 2.6% | 3.1% | 3.1% | 4.7% | 4.1% | -- | 3.2% |
| Total Returns | 19.1% | 65.0% | 22.7% | 18.3% | 20.5% | 22.0% | -- | 7.7% | Ann. Volatility | 23.0% | 26.7% | 24.4% | 24.4% | 28.0% | 31.6% | -- | 37.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 54% |
| MSCI EAFE | 1.19 | 54% |
| MSCI Emg Mkts | 1.06 | 52% |
Liquidity Measures
| Avg. volume (000) | 63 |
| ADV traded (mns) | $6 |
| Turnover | 3.8% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $91.78 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -2.01/-1.88 |
| Bollinger Bands (Upper/Lower) | $97.69/$84.20 |
| Short interest (% of AUM) | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 16.5% | -21 bp | -4.2% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 15.4% | -17 bp | -2.0% |
| EV | Mast Global Battery Recycling & Production ETF | 13.9% | +9 bp | -3.9% |
| FXZ | First Trust Materials AlphaDEX Fund | 11.5% | +5 bp | -3.6% |
| LIT | Global X Lithium & Battery Tech ETF | 11.0% | +19 bp | -5.0% |
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.
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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 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
9.6%
ALTAR SCORE™
97th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 579 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. SLX's ALTAR Score™ is approximately 1.9 standard
deviations above the category average. This places SLX in the 97th percentile
among funds in the category.
Sell-Side Consensus
$102.77
PRICE TARGET
+11.1%
UPSIDE