SLX vs. ^DJUSST
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and Dow Jones U.S. Iron & Steel Index (^DJUSST).
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: SLX or ^DJUSST.
Key characteristics
| SLX | ^DJUSST | |
|---|---|---|
| YTD Return | -14.13% | -14.67% |
| 1Y Return | -4.78% | -8.32% |
| 3Y Return (Ann) | 5.54% | 9.66% |
| 5Y Return (Ann) | 18.17% | 20.45% |
| 10Y Return (Ann) | 6.51% | 7.55% |
| Sharpe Ratio | -0.16 | -0.33 |
| Daily Std Dev | 20.02% | 23.51% |
| Max Drawdown | -82.15% | -81.48% |
| Current Drawdown | -15.39% | -25.40% |
Correlation
The correlation between SLX and ^DJUSST 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
SLX vs. ^DJUSST - Performance Comparison
The year-to-date returns for both stocks are quite close, with SLX having a -14.13% return and ^DJUSST slightly lower at -14.67%. Over the past 10 years, SLX has underperformed ^DJUSST with an annualized return of 6.51%, while ^DJUSST has yielded a comparatively higher 7.55% 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
SLX vs. ^DJUSST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and Dow Jones U.S. Iron & Steel Index (^DJUSST). 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
SLX vs. ^DJUSST - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, roughly equal to the maximum ^DJUSST drawdown of -81.48%. Use the drawdown chart below to compare losses from any high point for SLX and ^DJUSST. For additional features, visit the drawdowns tool.
Volatility
SLX vs. ^DJUSST - Volatility Comparison
The current volatility for VanEck Vectors Steel ETF (SLX) is 7.54%, while Dow Jones U.S. Iron & Steel Index (^DJUSST) has a volatility of 7.95%. This indicates that SLX experiences smaller price fluctuations and is considered to be less risky than ^DJUSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.