^DJUSST vs. SLX
Compare and contrast key facts about Dow Jones U.S. Iron & Steel Index (^DJUSST) and VanEck Vectors Steel ETF (SLX).
SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJUSST or SLX.
Key characteristics
| ^DJUSST | SLX | |
|---|---|---|
| YTD Return | -8.14% | -7.15% |
| 1Y Return | 7.98% | 10.37% |
| 3Y Return (Ann) | 15.70% | 11.03% |
| 5Y Return (Ann) | 21.76% | 20.01% |
| 10Y Return (Ann) | 10.16% | 9.11% |
| Sharpe Ratio | 0.39 | 0.55 |
| Sortino Ratio | 0.69 | 0.87 |
| Omega Ratio | 1.09 | 1.11 |
| Calmar Ratio | 0.31 | 0.63 |
| Martin Ratio | 0.65 | 1.43 |
| Ulcer Index | 13.71% | 7.79% |
| Daily Std Dev | 23.07% | 20.41% |
| Max Drawdown | -81.48% | -82.15% |
| Current Drawdown | -19.69% | -8.52% |
Correlation
The correlation between ^DJUSST and SLX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^DJUSST vs. SLX - Performance Comparison
In the year-to-date period, ^DJUSST achieves a -8.14% return, which is significantly lower than SLX's -7.15% return. Over the past 10 years, ^DJUSST has outperformed SLX with an annualized return of 10.16%, while SLX has yielded a comparatively lower 9.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^DJUSST vs. SLX - Risk-Adjusted Performance 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.
Drawdowns
^DJUSST vs. SLX - Drawdown Comparison
The maximum ^DJUSST drawdown since its inception was -81.48%, roughly equal to the maximum SLX drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for ^DJUSST and SLX. For additional features, visit the drawdowns tool.
Volatility
^DJUSST vs. SLX - Volatility Comparison
The current volatility for Dow Jones U.S. Iron & Steel Index (^DJUSST) is 5.99%, while VanEck Vectors Steel ETF (SLX) has a volatility of 7.09%. This indicates that ^DJUSST experiences smaller price fluctuations and is considered to be less risky than SLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.