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ISIN
US92189F2056
CUSIP
92189F205
Issuer
VanEck
Inception Date
Oct 16, 2006
Region
Developed Markets (Broad)
Category
Materials
Leveraged
1x (No leverage)
Index Tracked
NYSE Arca Steel Index
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend
Assets Under Management
$210M

Share Price Chart


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Performance

SLX Performance Chart

VanEck Vectors Steel ETF (SLX) is up 23.5% since the beginning of the year. SLX is currently trading at $105 per share. Investors who bought $1,000 worth of SLX shares 5 years ago would now be looking at an investment worth $2,097.


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S&P 500 Index

Returns By Period

VanEck Vectors Steel ETF (SLX) has returned 23.47% so far this year and 67.37% over the past 12 months. Looking at the last ten years, SLX has achieved an annualized return of 19.18%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.


VanEck Vectors Steel ETF

1D
-0.54%
1M
-1.77%
YTD
23.47%
6M
23.68%
1Y
67.37%
3Y*
22.45%
5Y*
15.96%
10Y*
19.18%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLX Monthly Returns History

Based on dividend-adjusted daily data since Oct 17, 2006, SLX's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.

Historically, 55% of months were positive and 45% were negative. The best month was Mar 2016 with a return of +28.6%, while the worst month was Oct 2008 at -35.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SLX closed higher 52% of trading days. The best single day was Oct 28, 2008 with a return of +18.6%, while the worst single day was Oct 15, 2008 at -19.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.78%7.52%-9.17%12.65%7.19%-5.48%23.47%
20254.19%2.18%-1.19%-2.23%2.90%6.93%2.87%4.46%1.95%9.49%1.89%6.60%47.45%
2024-5.88%1.73%2.83%-5.21%3.60%-6.59%5.25%-5.02%5.74%-4.61%6.16%-15.12%-17.94%
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%-3.52%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%

Benchmark Metrics

VanEck Vectors Steel ETF has an annualized alpha of -0.78%, beta of 1.47, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since October 17, 2006.

  • This ETF captured 151.98% of S&P 500 Index gains and 144.29% of its losses - amplifying both gains and losses, but participating more in upside than downside.

Alpha
-0.78%
Beta
1.47
0.59
Upside Capture
151.98%
Downside Capture
144.29%

Expense Ratio

SLX has an expense ratio of 0.56%, placing it in the medium range.


Return for Risk

Risk / Return Rank

SLX ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


SLX Risk / Return Rank: 8181
Overall Rank
SLX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
SLX Sortino Ratio Rank: 8181
Sortino Ratio Rank
SLX Omega Ratio Rank: 7878
Omega Ratio Rank
SLX Calmar Ratio Rank: 8282
Calmar Ratio Rank
SLX Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


SLXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.68

Sortino ratioReturn per unit of downside risk

+0.70

Omega ratioGain probability vs. loss probability

1.44

1.37

+0.07

Calmar ratioReturn relative to maximum drawdown

4.14

2.78

+1.36

Martin ratioReturn relative to average drawdown

14.09

12.44

+1.65

Dividends

Dividend History

VanEck Vectors Steel ETF provided a 1.26% dividend yield over the last twelve months, with an annual payout of $1.32 per share.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%$0.00$1.00$2.00$3.00$4.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.32$1.32$2.08$2.07$2.88$3.76$0.83$1.30$2.18$1.15$0.40$1.04

Dividend yield

1.26%1.55%3.56%2.80%4.97%7.07%1.87%3.44%6.26%2.50%1.06%5.35%

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
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.32$1.32
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

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.


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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 7.74%.


Related event

Drawdown

Fall

Recovery

Underwater

2016 bear market2016
-82.14%Jan 2016
7y 8mo7y 3d
14y 8moMay 2008 - Jan 2023
2025 selloff2025
-27.39%Apr 2025
1y 3mo3mo 15d
1y 6moDec 2023 - Jul 2025
2007 bear market2007
-23.74%Aug 2007
1mo 4d1mo 3d
2mo 7dJul 2007 - Sep 2007
Financial crisis2007–2009
-21.18%Jan 2008
1mo 13d1mo
2mo 13dDec 2007 - Feb 2008
2023 bear market2023
-20.93%May 2023
2mo 26d1mo 25d
4mo 21dMar 2023 - Jul 2023

Drawdown Indicators


SLXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-82.14%

-56.78%

-25.36%

Max Drawdown (1Y)

Largest decline over 1 year

-16.35%

-9.10%

-7.25%

Max Drawdown (3Y)

Largest decline over 3 years

-27.39%

-18.90%

-8.49%

Max Drawdown (5Y)

Largest decline over 5 years

-33.62%

-25.43%

-8.19%

Max Drawdown (10Y)

Largest decline over 10 years

-61.64%

-33.92%

-27.72%

Current Drawdown

Current decline from peak

-7.74%

-1.80%

-5.94%

Average Drawdown

Average peak-to-trough decline

-38.64%

-10.71%

-27.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.80%

2.03%

+2.77%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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