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SLX vs. XME
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SLX and XME is 0.63, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

SLX vs. XME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Steel ETF (SLX) and SPDR S&P Metals & Mining ETF (XME). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
147.72%
55.69%
SLX
XME

Key characteristics

Sharpe Ratio

SLX:

-0.40

XME:

-0.14

Sortino Ratio

SLX:

-0.42

XME:

0.01

Omega Ratio

SLX:

0.95

XME:

1.00

Calmar Ratio

SLX:

-0.39

XME:

-0.13

Martin Ratio

SLX:

-0.99

XME:

-0.37

Ulcer Index

SLX:

10.85%

XME:

12.02%

Daily Std Dev

SLX:

26.89%

XME:

30.76%

Max Drawdown

SLX:

-82.14%

XME:

-85.94%

Current Drawdown

SLX:

-16.80%

XME:

-24.63%

Returns By Period

In the year-to-date period, SLX achieves a 2.91% return, which is significantly higher than XME's -0.25% return. Over the past 10 years, SLX has outperformed XME with an annualized return of 9.35%, while XME has yielded a comparatively lower 8.68% annualized return.


SLX

YTD

2.91%

1M

-5.99%

6M

-7.30%

1Y

-10.00%

5Y*

27.28%

10Y*

9.35%

XME

YTD

-0.25%

1M

-3.07%

6M

-11.46%

1Y

-5.74%

5Y*

27.16%

10Y*

8.68%

*Annualized

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SLX vs. XME - Expense Ratio Comparison

SLX has a 0.56% expense ratio, which is higher than XME's 0.35% expense ratio.


Expense ratio chart for SLX: current value is 0.56%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SLX: 0.56%
Expense ratio chart for XME: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XME: 0.35%

Risk-Adjusted Performance

SLX vs. XME — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLX
The Risk-Adjusted Performance Rank of SLX is 66
Overall Rank
The Sharpe Ratio Rank of SLX is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of SLX is 66
Sortino Ratio Rank
The Omega Ratio Rank of SLX is 66
Omega Ratio Rank
The Calmar Ratio Rank of SLX is 44
Calmar Ratio Rank
The Martin Ratio Rank of SLX is 66
Martin Ratio Rank

XME
The Risk-Adjusted Performance Rank of XME is 1313
Overall Rank
The Sharpe Ratio Rank of XME is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of XME is 1414
Sortino Ratio Rank
The Omega Ratio Rank of XME is 1414
Omega Ratio Rank
The Calmar Ratio Rank of XME is 1212
Calmar Ratio Rank
The Martin Ratio Rank of XME is 1313
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SLX vs. XME - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and SPDR S&P Metals & Mining ETF (XME). 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.


The chart of Sharpe ratio for SLX, currently valued at -0.40, compared to the broader market-1.000.001.002.003.004.00
SLX: -0.40
XME: -0.14
The chart of Sortino ratio for SLX, currently valued at -0.42, compared to the broader market-2.000.002.004.006.008.00
SLX: -0.42
XME: 0.01
The chart of Omega ratio for SLX, currently valued at 0.95, compared to the broader market0.501.001.502.00
SLX: 0.95
XME: 1.00
The chart of Calmar ratio for SLX, currently valued at -0.39, compared to the broader market0.002.004.006.008.0010.0012.00
SLX: -0.39
XME: -0.13
The chart of Martin ratio for SLX, currently valued at -0.99, compared to the broader market0.0020.0040.0060.00
SLX: -0.99
XME: -0.37

The current SLX Sharpe Ratio is -0.40, which is lower than the XME Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of SLX and XME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.50NovemberDecember2025FebruaryMarchApril
-0.40
-0.14
SLX
XME

Dividends

SLX vs. XME - Dividend Comparison

SLX's dividend yield for the trailing twelve months is around 3.45%, more than XME's 0.59% yield.


TTM20242023202220212020201920182017201620152014
SLX
VanEck Vectors Steel ETF
3.45%3.55%2.80%4.97%7.07%1.87%2.77%6.26%2.44%1.06%5.35%3.27%
XME
SPDR S&P Metals & Mining ETF
0.59%0.65%1.00%1.64%0.70%0.99%2.43%2.23%1.15%1.02%2.61%2.21%

Drawdowns

SLX vs. XME - Drawdown Comparison

The maximum SLX drawdown since its inception was -82.14%, roughly equal to the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for SLX and XME. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.80%
-24.63%
SLX
XME

Volatility

SLX vs. XME - Volatility Comparison

The current volatility for VanEck Vectors Steel ETF (SLX) is 15.76%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 16.98%. This indicates that SLX experiences smaller price fluctuations and is considered to be less risky than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.76%
16.98%
SLX
XME