REMX vs. SLX
Compare and contrast key facts about VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) and VanEck Vectors Steel ETF (SLX).
REMX and SLX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REMX is a passively managed fund by VanEck that tracks the performance of the MVIS Global Rare Earth/Strategic Metals Index. It was launched on Oct 27, 2010. 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. Both REMX and SLX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REMX or SLX.
Performance
REMX vs. SLX - Performance Comparison
Returns By Period
In the year-to-date period, REMX achieves a -25.95% return, which is significantly lower than SLX's -7.66% return. Over the past 10 years, REMX has underperformed SLX with an annualized return of -2.47%, while SLX has yielded a comparatively higher 9.49% annualized return.
REMX
-25.95%
-2.86%
-19.82%
-19.37%
5.65%
-2.47%
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
Key characteristics
| REMX | SLX | |
|---|---|---|
| Sharpe Ratio | -0.61 | 0.19 |
| Sortino Ratio | -0.73 | 0.42 |
| Omega Ratio | 0.92 | 1.05 |
| Calmar Ratio | -0.27 | 0.22 |
| Martin Ratio | -0.96 | 0.49 |
| Ulcer Index | 24.13% | 8.12% |
| Daily Std Dev | 37.54% | 21.16% |
| Max Drawdown | -90.21% | -82.15% |
| Current Drawdown | -80.02% | -9.02% |
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REMX vs. SLX - Expense Ratio Comparison
REMX has a 0.59% expense ratio, which is higher than SLX's 0.56% expense ratio.
Correlation
The correlation between REMX and SLX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
REMX vs. SLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) 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.
Dividends
REMX vs. SLX - Dividend Comparison
REMX has not paid dividends to shareholders, while SLX's dividend yield for the trailing twelve months is around 3.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REMX VanEck Vectors Rare Earth/Strategic Metals ETF | 0.00% | 0.00% | 1.56% | 5.25% | 0.81% | 1.60% | 12.43% | 2.89% | 2.23% | 4.77% | 1.53% | 0.23% |
SLX VanEck Vectors Steel ETF | 3.03% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% | 1.98% |
Drawdowns
REMX vs. SLX - Drawdown Comparison
The maximum REMX drawdown since its inception was -90.21%, which is greater than SLX's maximum drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for REMX and SLX. For additional features, visit the drawdowns tool.
Volatility
REMX vs. SLX - Volatility Comparison
VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) has a higher volatility of 10.28% compared to VanEck Vectors Steel ETF (SLX) at 9.42%. This indicates that REMX'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.