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SLX vs. ^DJUSST
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between SLX and ^DJUSST is 0.64, 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. ^DJUSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Steel ETF (SLX) and Dow Jones U.S. Iron & Steel Index (^DJUSST). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
147.72%
73.45%
SLX
^DJUSST

Key characteristics

Sharpe Ratio

SLX:

-0.40

^DJUSST:

-0.62

Sortino Ratio

SLX:

-0.42

^DJUSST:

-0.77

Omega Ratio

SLX:

0.95

^DJUSST:

0.91

Calmar Ratio

SLX:

-0.39

^DJUSST:

-0.54

Martin Ratio

SLX:

-0.99

^DJUSST:

-1.39

Ulcer Index

SLX:

10.85%

^DJUSST:

14.97%

Daily Std Dev

SLX:

26.89%

^DJUSST:

33.57%

Max Drawdown

SLX:

-82.14%

^DJUSST:

-81.48%

Current Drawdown

SLX:

-16.80%

^DJUSST:

-30.72%

Returns By Period

In the year-to-date period, SLX achieves a 2.91% return, which is significantly lower than ^DJUSST's 3.34% return. Over the past 10 years, SLX has outperformed ^DJUSST with an annualized return of 9.68%, while ^DJUSST has yielded a comparatively lower 9.12% annualized return.


SLX

YTD

2.91%

1M

-5.51%

6M

-7.30%

1Y

-10.58%

5Y*

26.30%

10Y*

9.68%

^DJUSST

YTD

3.34%

1M

-4.99%

6M

-10.36%

1Y

-20.77%

5Y*

24.73%

10Y*

9.12%

*Annualized

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Risk-Adjusted Performance

SLX vs. ^DJUSST — 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 77
Sharpe Ratio Rank
The Sortino Ratio Rank of SLX is 77
Sortino Ratio Rank
The Omega Ratio Rank of SLX is 77
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

^DJUSST
The Risk-Adjusted Performance Rank of ^DJUSST is 44
Overall Rank
The Sharpe Ratio Rank of ^DJUSST is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of ^DJUSST is 44
Sortino Ratio Rank
The Omega Ratio Rank of ^DJUSST is 44
Omega Ratio Rank
The Calmar Ratio Rank of ^DJUSST is 22
Calmar Ratio Rank
The Martin Ratio Rank of ^DJUSST is 55
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. ^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.


The chart of Sharpe ratio for SLX, currently valued at -0.38, compared to the broader market-1.000.001.002.003.004.00
SLX: -0.38
^DJUSST: -0.62
The chart of Sortino ratio for SLX, currently valued at -0.39, compared to the broader market-2.000.002.004.006.008.00
SLX: -0.39
^DJUSST: -0.77
The chart of Omega ratio for SLX, currently valued at 0.95, compared to the broader market0.501.001.502.00
SLX: 0.95
^DJUSST: 0.91
The chart of Calmar ratio for SLX, currently valued at -0.37, compared to the broader market0.002.004.006.008.0010.0012.00
SLX: -0.37
^DJUSST: -0.54
The chart of Martin ratio for SLX, currently valued at -0.94, compared to the broader market0.0020.0040.0060.00
SLX: -0.94
^DJUSST: -1.39

The current SLX Sharpe Ratio is -0.40, which is higher than the ^DJUSST Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of SLX and ^DJUSST, 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-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.38
-0.62
SLX
^DJUSST

Drawdowns

SLX vs. ^DJUSST - Drawdown Comparison

The maximum SLX drawdown since its inception was -82.14%, 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.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.80%
-30.72%
SLX
^DJUSST

Volatility

SLX vs. ^DJUSST - Volatility Comparison

The current volatility for VanEck Vectors Steel ETF (SLX) is 15.76%, while Dow Jones U.S. Iron & Steel Index (^DJUSST) has a volatility of 18.12%. 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.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
15.76%
18.12%
SLX
^DJUSST