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VanEck Vectors Steel ETF (SLX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US92189F2056

CUSIP

92189F205

Issuer

VanEck

Inception Date

Oct 16, 2006

Region

Developed Markets (Broad)

Category

Materials

Leveraged

1x

Index Tracked

NYSE Arca Steel Index

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

SLX features an expense ratio of 0.56%, falling within the medium range.


Expense ratio chart for SLX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in VanEck Vectors Steel ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


150.00%200.00%250.00%300.00%350.00%JulyAugustSeptemberOctoberNovemberDecember
139.98%
336.13%
SLX (VanEck Vectors Steel ETF)
Benchmark (^GSPC)

Returns By Period

VanEck Vectors Steel ETF had a return of -18.19% year-to-date (YTD) and -18.86% in the last 12 months. Over the past 10 years, VanEck Vectors Steel ETF had an annualized return of 9.10%, while the S&P 500 had an annualized return of 11.14%, indicating that VanEck Vectors Steel ETF did not perform as well as the benchmark.


SLX

YTD

-18.19%

1M

-15.00%

6M

-9.43%

1Y

-18.86%

5Y*

13.60%

10Y*

9.10%

^GSPC (Benchmark)

YTD

25.18%

1M

-0.47%

6M

9.35%

1Y

24.83%

5Y*

13.03%

10Y*

11.14%

Monthly Returns

The table below presents the monthly returns of SLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-5.88%1.73%2.83%-5.21%3.60%-6.59%5.25%-5.02%5.74%-4.61%6.16%-18.19%
202317.55%-2.90%-3.45%-4.53%-8.56%14.95%10.49%-4.68%-2.66%-4.45%11.63%8.55%31.25%
2022-1.65%14.85%12.92%-8.21%0.92%-21.28%9.10%-1.98%-9.74%11.29%18.55%-3.51%14.28%
2021-3.14%12.31%14.93%6.04%6.76%-1.92%4.55%-3.58%-11.61%1.99%-7.74%9.70%27.69%
2020-11.14%-12.50%-25.38%8.68%9.55%5.84%3.63%7.60%0.52%3.50%24.20%14.47%20.57%
201913.86%1.01%-0.20%-3.55%-8.94%11.39%-4.68%-12.63%4.05%1.71%6.52%5.54%11.25%
20187.81%-0.45%-6.95%5.66%-1.14%-5.33%5.76%-7.93%3.99%-6.98%-5.96%-7.72%-19.27%
20179.31%3.75%-5.81%-5.77%-3.81%5.22%6.91%3.69%-1.12%0.43%-0.05%11.07%24.50%
2016-9.69%10.34%28.62%18.65%-15.89%10.71%16.52%-7.46%4.30%7.05%19.34%-3.76%95.79%
2015-10.88%7.53%-8.18%12.94%-6.24%-7.90%-11.60%-5.65%-14.89%10.47%-5.96%-8.31%-41.96%
2014-9.17%0.42%2.60%-1.42%0.11%3.92%2.37%0.12%-8.65%-3.76%-8.14%-7.27%-26.33%
20130.31%-6.55%-4.60%-2.69%-4.81%-5.78%7.29%2.23%7.73%6.41%0.69%5.48%4.23%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SLX is 1, meaning it’s performing worse than 99% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of SLX is 11
Overall Rank
The Sharpe Ratio Rank of SLX is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of SLX is 22
Sortino Ratio Rank
The Omega Ratio Rank of SLX is 22
Omega Ratio Rank
The Calmar Ratio Rank of SLX is 00
Calmar Ratio Rank
The Martin Ratio Rank of SLX is 00
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The chart of Sharpe ratio for SLX, currently valued at -0.91, compared to the broader market0.002.004.00-0.911.98
The chart of Sortino ratio for SLX, currently valued at -1.23, compared to the broader market-2.000.002.004.006.008.0010.00-1.232.65
The chart of Omega ratio for SLX, currently valued at 0.86, compared to the broader market0.501.001.502.002.503.000.861.37
The chart of Calmar ratio for SLX, currently valued at -1.00, compared to the broader market0.005.0010.0015.00-1.002.93
The chart of Martin ratio for SLX, currently valued at -2.30, compared to the broader market0.0020.0040.0060.0080.00100.00-2.3012.73
SLX
^GSPC

The current VanEck Vectors Steel ETF Sharpe ratio is -0.91. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of VanEck Vectors Steel ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.91
1.98
SLX (VanEck Vectors Steel ETF)
Benchmark (^GSPC)

Dividends

Dividend History

VanEck Vectors Steel ETF provided a 3.57% dividend yield over the last twelve months, with an annual payout of $2.08 per share.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%$0.00$1.00$2.00$3.00$4.0020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$2.08$2.07$2.88$3.76$0.83$1.04$2.18$1.12$0.40$1.04$1.16$0.98

Dividend yield

3.57%2.80%4.97%7.07%1.87%2.77%6.26%2.44%1.06%5.35%3.27%1.98%

Monthly Dividends

The table displays the monthly dividend distributions for VanEck Vectors Steel ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.08$2.08
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.07$2.07
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.88$2.88
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.76$3.76
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.83$0.83
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.04$1.04
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.18$2.18
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.12$1.12
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.40$0.40
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.04$1.04
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.16$1.16
2013$0.98$0.98

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-19.40%
-1.96%
SLX (VanEck Vectors Steel ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the VanEck Vectors Steel ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the VanEck Vectors Steel ETF was 82.14%, occurring on Jan 25, 2016. Recovery took 1764 trading sessions.

The current VanEck Vectors Steel ETF drawdown is 19.40%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-82.14%May 19, 20081935Jan 25, 20161764Jan 26, 20233699
-23.74%Jul 13, 200725Aug 16, 200722Sep 18, 200747
-21.18%Dec 11, 200729Jan 23, 200821Feb 22, 200850
-20.93%Mar 6, 202361May 31, 202337Jul 25, 202398
-19.4%Dec 28, 2023252Dec 27, 2024

Volatility

Volatility Chart

The current VanEck Vectors Steel ETF volatility is 5.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
5.93%
4.07%
SLX (VanEck Vectors Steel ETF)
Benchmark (^GSPC)