^DJUSST vs. SLX
^DJUSST (Dow Jones U.S. Iron & Steel Index) is an index, while SLX (VanEck Vectors Steel ETF) is Materials fund tracking the NYSE Arca Steel Index. Over the past 10 years, ^DJUSST returned 16.09%/yr vs 17.02%/yr for SLX. Their correlation of 0.87 means they have usually moved in the same direction.
Performance
^DJUSST vs. SLX - Performance Comparison
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Returns By Period
In the year-to-date period, ^DJUSST achieves a 41.63% return, which is significantly higher than SLX's 24.30% return. Over the past 10 years, ^DJUSST has underperformed SLX with an annualized return of 16.09%, while SLX has yielded a comparatively higher 17.02% annualized return.
^DJUSST
- 1D
- 0.09%
- 1M
- 14.31%
- 6M
- 30.20%
- YTD
- 41.63%
- 1Y
- 72.31%
- 3Y*
- 17.88%
- 5Y*
- 19.91%
- 10Y*
- 16.09%
- ALL TIME*
- 9.53%
SLX
- 1D
- -0.89%
- 1M
- 7.42%
- 6M
- 12.20%
- YTD
- 24.30%
- 1Y
- 59.99%
- 3Y*
- 17.85%
- 5Y*
- 14.69%
- 10Y*
- 17.02%
- ALL TIME*
- 7.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.63B | $28.04B | $23.38B | |
| $3.18M | $2.86M | $6.08M |
^DJUSST vs. SLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DJUSST Dow Jones U.S. Iron & Steel Index | 41.63% | 41.01% | -23.32% | 32.54% | 17.42% | 80.64% | -7.86% | 15.40% | -24.56% | 11.22% |
SLX VanEck Vectors Steel ETF | 24.30% | 47.45% | -17.94% | 31.25% | 14.28% | 27.69% | 20.57% | 12.01% | -19.27% | 24.59% |
Correlation
The correlation between ^DJUSST and SLX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2006 | 0.87 |
The correlation between ^DJUSST and SLX shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^DJUSST vs. SLX — Risk / Return Rank
^DJUSST
SLX
^DJUSST vs. SLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Iron & Steel Index (^DJUSST) and VanEck Vectors Steel ETF (SLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ^DJUSST | SLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.53 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.82 | 10.12 | -1.31 |
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Drawdowns
^DJUSST vs. SLX - Drawdown Comparison
The maximum ^DJUSST drawdown since its inception was -81.48%, roughly equal to the maximum SLX drawdown of -82.14%. Use the drawdown chart below to compare losses from any high point for ^DJUSST and SLX.
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Drawdown Indicators
| ^DJUSST | SLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.48% | -82.14% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -16.35% | -4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -38.57% | -27.39% | -11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -38.57% | -33.62% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -61.00% | -61.64% | +0.64% |
Current DrawdownCurrent decline from peak | -6.58% | -7.12% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -36.96% | -38.48% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.61% | 5.69% | +1.92% |
Volatility
^DJUSST vs. SLX - Volatility Comparison
Dow Jones U.S. Iron & Steel Index (^DJUSST) has a higher volatility of 8.43% compared to VanEck Vectors Steel ETF (SLX) at 5.97%. This indicates that ^DJUSST's price experiences larger fluctuations and is considered to be riskier than SLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DJUSST | SLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 5.97% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 22.74% | 19.56% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.39% | 24.76% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.72% | 27.63% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 30.74% | +3.35% |
Frequently Asked Questions
^DJUSST and SLX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^DJUSST has higher volatility (8.43%) compared to SLX (5.97%). In terms of maximum drawdown, ^DJUSST dropped -81.48% vs SLX's -82.14%.
SLX currently has the higher Sharpe Ratio (2.34 vs 2.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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