SLX: VanEck Steel ETF
About
SLX was created on 2006-10-10 by VanEck. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 86.05m in AUM and 27 holdings. SLX tracks a market-cap-weighted index of global steel firms.
Current Value
$69.791 Year Return
Current Value
$69.791 Year Return
Key Details
Assets Under Management
$88.29M
Div Yield %
2.96%
P/E Ratio
11.12
Net Asset Value
$69.44
Expense Ratio
0.56%
1Y ETF Return
0.04%
Strategies that include SLX
Stock's related to SLX
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| STLD | 74.70% | $21.35B | +24.48% | 1.28% |
| CLF | 74.32% | $5.65B | -32.27% | 0.00% |
| NUE | 74.20% | $33.97B | -8.31% | 1.48% |
| CMC | 74.07% | $6.77B | +35.21% | 1.17% |
| MT | 71.10% | $20.01B | +6.79% | 1.99% |
| RS | 70.70% | $16.72B | +15.56% | 1.05% |
| RIO | 67.15% | $78.19B | -11.12% | 6.94% |
| RDUS | 66.89% | $492.65M | -31.07% | 4.30% |
| TX | 65.84% | $6.57B | -12.10% | 9.26% |
| FCX | 65.18% | $63.40B | +19.64% | 1.02% |
| BHP | 65.17% | $133.61B | -15.74% | 5.55% |
| ZEUS | 64.28% | $436.06M | -28.26% | 1.47% |
| VALE | 63.42% | $42.78B | -33.87% | 0.00% |
| SCCO | 60.75% | $82.03B | +39.48% | 2.02% |
| AA | 60.51% | $11.78B | +72.79% | 0.88% |
| MTUS | 60.51% | $623.82M | -27.79% | 0.00% |
| HBM | 60.23% | $3.19B | +100.00% | 0.16% |
| RYI | 58.92% | $751.91M | -19.47% | 3.18% |
| TECK | 58.76% | $24.49B | +31.13% | 0.78% |
| SID | 58.66% | $2.68B | -38.97% | 0.00% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| HUM | 0.29% | $33.45B | -45.22% | 1.25% |
| WM | 0.33% | $87.92B | +27.58% | 1.34% |
| APRE | -0.48% | $16.41M | -19.47% | 0.00% |
| ALL | 0.52% | $52.06B | +45.67% | 1.85% |
| WHLM | 0.61% | $17.64M | -29.34% | 0.00% |
| ABT | -0.71% | $203.16B | +14.93% | 1.88% |
| PRPO | 0.77% | $9.10M | -13.65% | 0.00% |
| TCTM | 0.78% | $8.10M | -42.99% | 0.00% |
| MNR | 0.89% | $1.66B | -10.71% | 15.90% |
| RNR | 0.90% | $13.74B | +23.09% | 0.58% |
| PRPH | -1.09% | $18.14M | -82.61% | 0.00% |
| GAN | 1.15% | $83.39M | +21.19% | 0.00% |
| CLX | 1.20% | $20.81B | +20.66% | 2.88% |
| GPCR | 1.41% | $1.88B | -36.14% | 0.00% |
| QXO | -1.47% | $6.51B | -35.95% | 0.00% |
| HSY | 1.62% | $34.45B | -10.68% | 3.21% |
| K | -1.72% | $27.77B | +52.50% | 2.79% |
| GIS | -1.72% | $34.85B | -2.91% | 3.78% |
| HUSA | -1.84% | $16.69M | -11.56% | 0.00% |
| OXBR | -1.92% | $19.05M | +178.18% | 0.00% |
ETF's related to SLX
News
SeekingAlpha
Ternium is a steel producing company that is undervalued as a result of the fall in the international price of the commodity. Check out my analysis of TX stock.
SeekingAlpha
Reynolds, Global Resources Fund's portfolio manager, reflects on the fund's 30-year journey, discussing objectives, flexibility, and the factors driving future demand for natural resources.
SeekingAlpha
ING expects oil and European gas prices to fall throughout 2025, with both balances looking more comfortable.
SeekingAlpha
Trade and investment, tax, immigration, and fiscal policies, and his approach to the Fed may impact some investments. Read more here.
SeekingAlpha
After the International Longshoremen's Association strike resolution, freight logistics concerns waned. But with lower freight rates, buyers can take advantage of cost-saving opportunities.
SeekingAlpha
China cut down its benchmark lending rates, but the expected boost isn't happening. WSA predicts that steel demand outlook in China will be less than half of global steel consumption.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.