SLX vs. CPER
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and United States Copper Index Fund (CPER).
SLX and CPER are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CPER is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Copper Index Total Return. It was launched on Nov 15, 2011. Both SLX and CPER 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: SLX or CPER.
Performance
SLX vs. CPER - Performance Comparison
Returns By Period
In the year-to-date period, SLX achieves a -7.66% return, which is significantly lower than CPER's 6.05% return. Over the past 10 years, SLX has outperformed CPER with an annualized return of 9.49%, while CPER has yielded a comparatively lower 2.49% annualized return.
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
CPER
6.05%
-7.18%
-17.92%
9.92%
8.95%
2.49%
Key characteristics
| SLX | CPER | |
|---|---|---|
| Sharpe Ratio | 0.19 | 0.47 |
| Sortino Ratio | 0.42 | 0.79 |
| Omega Ratio | 1.05 | 1.10 |
| Calmar Ratio | 0.22 | 0.46 |
| Martin Ratio | 0.49 | 1.07 |
| Ulcer Index | 8.12% | 9.99% |
| Daily Std Dev | 21.16% | 22.76% |
| Max Drawdown | -82.15% | -54.04% |
| Current Drawdown | -9.02% | -18.42% |
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SLX vs. CPER - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is lower than CPER's 0.80% expense ratio.
Correlation
The correlation between SLX and CPER is 0.48, 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
SLX vs. CPER - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and United States Copper Index Fund (CPER). 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
SLX vs. CPER - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.03%, while CPER has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CPER United States Copper Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLX vs. CPER - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for SLX and CPER. For additional features, visit the drawdowns tool.
Volatility
SLX vs. CPER - Volatility Comparison
VanEck Vectors Steel ETF (SLX) has a higher volatility of 9.42% compared to United States Copper Index Fund (CPER) at 8.35%. This indicates that SLX's price experiences larger fluctuations and is considered to be riskier than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.