SLX vs. ^DJUSST
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and Dow Jones U.S. Iron & Steel Index (^DJUSST).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLX or ^DJUSST.
Performance
SLX vs. ^DJUSST - Performance Comparison
Returns By Period
In the year-to-date period, SLX achieves a -7.66% return, which is significantly higher than ^DJUSST's -9.05% return. Both investments have delivered pretty close results over the past 10 years, with SLX having a 9.49% annualized return and ^DJUSST not far behind at 9.42%.
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
^DJUSST
-9.05%
-3.73%
-8.69%
2.01%
19.34%
9.42%
Key characteristics
| SLX | ^DJUSST | |
|---|---|---|
| Sharpe Ratio | 0.19 | 0.07 |
| Sortino Ratio | 0.42 | 0.32 |
| Omega Ratio | 1.05 | 1.04 |
| Calmar Ratio | 0.22 | 0.07 |
| Martin Ratio | 0.49 | 0.13 |
| Ulcer Index | 8.12% | 14.86% |
| Daily Std Dev | 21.16% | 27.40% |
| Max Drawdown | -82.15% | -81.48% |
| Current Drawdown | -9.02% | -20.48% |
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Correlation
The correlation between SLX and ^DJUSST is 0.88, 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. ^DJUSST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) and Dow Jones U.S. Iron & Steel Index (^DJUSST). 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.
Drawdowns
SLX vs. ^DJUSST - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, roughly equal to the maximum ^DJUSST drawdown of -81.48%. Use the drawdown chart below to compare losses from any high point for SLX and ^DJUSST. For additional features, visit the drawdowns tool.
Volatility
SLX vs. ^DJUSST - Volatility Comparison
The current volatility for VanEck Vectors Steel ETF (SLX) is 9.42%, while Dow Jones U.S. Iron & Steel Index (^DJUSST) has a volatility of 15.74%. This indicates that SLX experiences smaller price fluctuations and is considered to be less risky than ^DJUSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.