SLX vs. XME
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and SPDR S&P Metals & Mining ETF (XME).
SLX and XME 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. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. Both SLX and XME 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 XME.
Performance
SLX vs. XME - Performance Comparison
Returns By Period
In the year-to-date period, SLX achieves a -7.66% return, which is significantly lower than XME's 9.29% return. Over the past 10 years, SLX has outperformed XME with an annualized return of 9.49%, while XME has yielded a comparatively lower 7.87% annualized return.
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
XME
9.29%
-0.72%
1.98%
26.84%
20.79%
7.87%
Key characteristics
| SLX | XME | |
|---|---|---|
| Sharpe Ratio | 0.19 | 1.02 |
| Sortino Ratio | 0.42 | 1.52 |
| Omega Ratio | 1.05 | 1.19 |
| Calmar Ratio | 0.22 | 0.82 |
| Martin Ratio | 0.49 | 4.00 |
| Ulcer Index | 8.12% | 6.54% |
| Daily Std Dev | 21.16% | 25.74% |
| Max Drawdown | -82.15% | -85.94% |
| Current Drawdown | -9.02% | -13.50% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SLX vs. XME - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is higher than XME's 0.35% expense ratio.
Correlation
The correlation between SLX and XME is 0.89, 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. 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.
Dividends
SLX vs. XME - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.03%, more than XME's 0.62% 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% |
XME SPDR S&P Metals & Mining ETF | 0.62% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
Drawdowns
SLX vs. XME - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, 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.
Volatility
SLX vs. XME - Volatility Comparison
VanEck Vectors Steel ETF (SLX) and SPDR S&P Metals & Mining ETF (XME) have volatilities of 9.42% and 9.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.