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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.
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Returns By Period
VanEck Vectors Steel ETF (SLX) has returned 8.19% so far this year and 51.64% over the past 12 months. Looking at the last ten years, SLX has achieved an annualized return of 17.78%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
VanEck Vectors Steel ETF
- 1D
- 3.72%
- 1M
- -9.17%
- YTD
- 8.19%
- 6M
- 28.67%
- 1Y
- 51.64%
- 3Y*
- 15.96%
- 5Y*
- 15.05%
- 10Y*
- 17.78%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 17, 2006, SLX's average daily return is +0.06%, while the average monthly return is +1.07%. At this rate, your investment would double in approximately 5.4 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.78% | 7.52% | -9.17% | 8.19% | |||||||||
| 2025 | 4.19% | 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% |
| 2023 | 17.55% | -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 -0.54%, beta of 1.47, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since October 18, 2006.
- This ETF captured 151.95% of S&P 500 Index gains and 143.58% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- -0.54%
- Beta
- 1.47
- R²
- 0.59
- Upside Capture
- 151.95%
- Downside Capture
- 143.58%
Expense Ratio
SLX has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SLX ranks 87 for risk / return — in the top 87% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and compare them to a chosen benchmark (S&P 500 Index).
| SLX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 0.90 | +1.01 |
Sortino ratioReturn per unit of downside risk | 2.55 | 1.39 | +1.16 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.40 | +1.70 |
Martin ratioReturn relative to average drawdown | 10.15 | 6.61 | +3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SLX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
VanEck Vectors Steel ETF provided a 1.43% dividend yield over the last twelve months, with an annual payout of $1.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.43% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $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 10.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -82.14% | May 19, 2008 | 1935 | Jan 25, 2016 | 1764 | Jan 26, 2023 | 3699 |
| -27.39% | Dec 28, 2023 | 320 | Apr 8, 2025 | 71 | Jul 22, 2025 | 391 |
| -23.74% | Jul 13, 2007 | 25 | Aug 16, 2007 | 22 | Sep 18, 2007 | 47 |
| -21.18% | Dec 11, 2007 | 29 | Jan 23, 2008 | 21 | Feb 22, 2008 | 50 |
| -20.93% | Mar 6, 2023 | 61 | May 31, 2023 | 37 | Jul 25, 2023 | 98 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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