SLX vs. ATI
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and Allegheny Technologies Incorporated (ATI).
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.
Performance
SLX vs. ATI - Performance Comparison
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SLX vs. ATI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 8.19% | 47.45% | -17.94% | 31.25% | 14.28% | 27.69% | 20.57% | 12.01% | -19.27% | 24.59% |
ATI Allegheny Technologies Incorporated | 26.75% | 108.50% | 21.05% | 52.28% | 87.45% | -5.01% | -18.83% | -5.10% | -9.82% | 51.54% |
Returns By Period
In the year-to-date period, SLX achieves a 8.19% return, which is significantly lower than ATI's 26.75% return. Over the past 10 years, SLX has underperformed ATI with an annualized return of 17.78%, while ATI has yielded a comparatively higher 24.55% annualized return.
SLX
- 1D
- 3.72%
- 1M
- -9.17%
- YTD
- 8.19%
- 6M
- 28.67%
- 1Y
- 51.64%
- 3Y*
- 15.96%
- 5Y*
- 15.05%
- 10Y*
- 17.78%
ATI
- 1D
- 7.35%
- 1M
- -11.08%
- YTD
- 26.75%
- 6M
- 78.83%
- 1Y
- 179.57%
- 3Y*
- 54.48%
- 5Y*
- 45.90%
- 10Y*
- 24.55%
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Return for Risk
SLX vs. ATI — Risk / Return Rank
SLX
ATI
SLX vs. ATI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and Allegheny Technologies Incorporated (ATI). 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.
| SLX | ATI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 3.72 | -1.81 |
Sortino ratioReturn per unit of downside risk | 2.55 | 3.72 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.62 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 7.33 | -4.22 |
Martin ratioReturn relative to average drawdown | 10.15 | 17.77 | -7.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLX | ATI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 3.72 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.08 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.47 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.10 | +0.09 |
Correlation
The correlation between SLX and ATI is 0.73, 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.
Dividends
SLX vs. ATI - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 1.43%, while ATI has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 1.43% | 1.55% | 3.56% | 2.80% | 4.97% | 7.07% | 1.87% | 3.44% | 6.26% | 2.50% | 1.06% | 5.35% |
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
Drawdowns
SLX vs. ATI - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.14%, smaller than the maximum ATI drawdown of -94.72%. Use the drawdown chart below to compare losses from any high point for SLX and ATI.
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Drawdown Indicators
| SLX | ATI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.14% | -94.72% | +12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.35% | -25.31% | +8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -33.62% | -43.31% | +9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -61.64% | -82.43% | +20.79% |
Current DrawdownCurrent decline from peak | -10.39% | -12.59% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -39.05% | -61.04% | +21.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 10.44% | -5.44% |
Volatility
SLX vs. ATI - Volatility Comparison
The current volatility for VanEck Vectors Steel ETF (SLX) is 9.70%, while Allegheny Technologies Incorporated (ATI) has a volatility of 17.17%. This indicates that SLX experiences smaller price fluctuations and is considered to be less risky than ATI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLX | ATI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 17.17% | -7.47% |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | 27.78% | -9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.26% | 48.63% | -21.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 42.84% | -14.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.36% | 51.93% | -20.57% |