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.
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.
Performance
SLX vs. XME - Performance Comparison
Key characteristics
SLX:
-0.94
XME:
-0.76
SLX:
-1.25
XME:
-0.94
SLX:
0.85
XME:
0.88
SLX:
-0.91
XME:
-0.61
SLX:
-2.24
XME:
-2.01
SLX:
10.13%
XME:
10.76%
SLX:
24.20%
XME:
28.25%
SLX:
-82.14%
XME:
-85.94%
SLX:
-24.97%
XME:
-35.37%
Returns By Period
In the year-to-date period, SLX achieves a -7.20% return, which is significantly higher than XME's -14.47% return. Over the past 10 years, SLX has outperformed XME with an annualized return of 9.50%, while XME has yielded a comparatively lower 7.64% annualized return.
SLX
-7.20%
-13.55%
-19.49%
-21.94%
26.46%
9.50%
XME
-14.47%
-15.29%
-23.75%
-20.26%
26.73%
7.64%
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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.
Risk-Adjusted Performance
SLX vs. XME — Risk-Adjusted Performance Rank
SLX
XME
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 3.83%, more than XME's 0.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 3.83% | 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 | 0.69% | 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.
Volatility
SLX vs. XME - Volatility Comparison
The current volatility for VanEck Vectors Steel ETF (SLX) is 11.44%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 13.07%. 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.