SLX vs. FXZ
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and First Trust Materials AlphaDEX Fund (FXZ).
SLX and FXZ 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. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both SLX and FXZ 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 FXZ.
Performance
SLX vs. FXZ - Performance Comparison
Returns By Period
In the year-to-date period, SLX achieves a -7.66% return, which is significantly lower than FXZ's -7.26% return. Over the past 10 years, SLX has outperformed FXZ with an annualized return of 9.49%, while FXZ has yielded a comparatively lower 8.57% annualized return.
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
FXZ
-7.26%
-6.42%
-9.51%
2.53%
12.01%
8.57%
Key characteristics
| SLX | FXZ | |
|---|---|---|
| Sharpe Ratio | 0.19 | 0.15 |
| Sortino Ratio | 0.42 | 0.34 |
| Omega Ratio | 1.05 | 1.04 |
| Calmar Ratio | 0.22 | 0.19 |
| Martin Ratio | 0.49 | 0.40 |
| Ulcer Index | 8.12% | 7.01% |
| Daily Std Dev | 21.16% | 18.70% |
| Max Drawdown | -82.15% | -65.46% |
| Current Drawdown | -9.02% | -11.47% |
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SLX vs. FXZ - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is lower than FXZ's 0.67% expense ratio.
Correlation
The correlation between SLX and FXZ is 0.82, 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.
Risk-Adjusted Performance
SLX vs. FXZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and First Trust Materials AlphaDEX Fund (FXZ). 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. FXZ - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.03%, more than FXZ's 1.58% yield.
| 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% |
FXZ First Trust Materials AlphaDEX Fund | 1.58% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
Drawdowns
SLX vs. FXZ - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, which is greater than FXZ's maximum drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for SLX and FXZ. For additional features, visit the drawdowns tool.
Volatility
SLX vs. FXZ - Volatility Comparison
VanEck Vectors Steel ETF (SLX) has a higher volatility of 9.42% compared to First Trust Materials AlphaDEX Fund (FXZ) at 5.85%. This indicates that SLX's price experiences larger fluctuations and is considered to be riskier than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.