SLX
VanEck Steel ETF

Price: $60.50
Change: $0.08 (-0.0%)
Category: Materials
Last Updated:

Vitals

Issuer VanEck
Brand VanEck
Structure ETF
Expense Ratio 0.55%
ETF Home Page Home page
Inception Oct 10, 2006
Index Tracked NYSE Arca Steel (TR)

Analyst Report

This ETF gives investors exposure to publicly traded companies primarily involved in steel production, including the operation of manufacturing mills, fabrication of productions, and 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 resources, meaning that this fund can experience significant volatility but can be a powerful tool for profiting from a surge in steel prices.

ETF Database Themes

Category Materials
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Materials
Sector (Specific) Steel
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Equity: Global Steel Producers
Category Sector
Focus Materials
Niche Steel Producers
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $46.17
  • 52 Week Hi $70.43
  • AUM $98.2 M
  • Shares 1.6 M

Historical Trading Data

  • 1 Month Avg. Volume 26,658
  • 3 Month Avg. Volume 26,879

Alternative ETFs in the ETF Database Materials Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest XLB 0.10% $5.6 B 6 M -7.57%
Largest (AUM) GDX 0.51% $11.6 B 27 M -10.37%
Most Liquid (Volume) GDX 0.51% $11.6 B 27 M -10.37%
Top YTD Performer XME 0.35% $2.1 B 4 M 18.92%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

SLX ETF Database Category Average FactSet Segment Average
Number of Holdings 27 60 27
% of Assets in Top 10 66.55% 51.33% 66.55%
% of Assets in Top 15 86.84% 65.67% 86.84%
% of Assets in Top 50 100.01% 95.96% 100.01%

Size Comparison

SLX ETF Database Category Average FactSet Segment Average
Large (>12.9B) 52.15% 39.94% 52.15%
Mid (>2.7B) 37.47% 35.76% 37.47%
Small (>600M) 9.90% 20.33% 9.90%
Micro (<600M) 0.48% 3.38% 0.48%

SLX Valuation

This section compares the P/E ratio of this ETF to its peers.

SLX
P/E Ratio
6.84
ETF Database Category Average
P/E Ratio
14.44
FactSet Segment Average
P/E Ratio
6.84

SLX Dividend

This section compares the dividend yield of this ETF to its peers.

SLX ETF Database Category Average FactSet Segment Average
Dividend $ 0.83 $ 0.37 $ 0.83
Dividend Date 2020-12-21 N/A N/A
Annual Dividend Rate $ 0.83 $ 0.78 $ 0.83
Annual Dividend Yield 1.48% 1.45% 1.48%

SLX Price and Volume Charts

View charts featuring SLX price and volume data.

SLX Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -2.61 M 3 Month Net Flows: -6.43 M 6 Month Net Flows: -27.28 M 1 Year Net Flows: -28.56 M 3 Year Net Flows: 18.81 M 5 Year Net Flows: -56.14 M 10 Year Net Flows: -63.91 M

SLX Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.