WBA vs. SLX

Last updated Jun 25, 2026

WBA (Walgreens Boots Alliance, Inc.) is a stock, while SLX (VanEck Vectors Steel ETF) is Materials fund tracking the NYSE Arca Steel Index. At a 0.36 correlation, their price movements are largely independent.

Performance

WBA vs. SLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Walgreens Boots Alliance, Inc. (WBA) and VanEck Vectors Steel ETF (SLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WBA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLX

• 1D: -1.57%
• 1M: -6.08%
• YTD: 18.05%
• 6M: 17.21%
• 1Y: 56.97%
• 3Y*: 20.63%
• 5Y*: 14.47%
• 10Y*: 18.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WBA vs. SLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBA Walgreens Boots Alliance, Inc.	0.00%	28.40%	-61.34%	-25.09%	-25.06%	35.78%	-29.38%	-10.99%	-3.65%	-10.51%
SLX VanEck Vectors Steel ETF	18.05%	47.45%	-17.94%	31.25%	14.28%	27.69%	20.57%	12.01%	-19.27%	24.59%

Correlation

The correlation between WBA and SLX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Oct 17, 2006	0.36

The correlation between WBA and SLX shifts across timeframes, from -0.03 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

WBA vs. SLX — Risk / Return Rank

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

WBA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SLX

SLX Risk / Return Rank: 75
SLX Sharpe Ratio Rank: 80
SLX Sortino Ratio Rank: 75
SLX Omega Ratio Rank: 71
SLX Calmar Ratio Rank: 76
SLX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WBA vs. SLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walgreens Boots Alliance, Inc. (WBA) and VanEck Vectors Steel ETF (SLX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WBA	SLX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.27	—
Sortino ratio: Return per unit of downside risk	—	2.99	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.50	—
Martin ratio: Return relative to average drawdown	—	11.66	—

Drawdowns

Drawdown Indicators

	WBA	SLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.14%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.64%	—
Current Drawdown Current decline from peak	—	-11.79%	—
Average Drawdown Average peak-to-trough decline	—	-38.63%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.90%	—

Volatility

Volatility by Period

	WBA	SLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.83%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	30.90%	—

Dividends

WBA vs. SLX - Dividend Comparison

WBA has not paid dividends to shareholders, while SLX's dividend yield for the trailing twelve months is around 1.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLX VanEck Vectors Steel ETF	1.31%	1.55%	3.56%	2.80%	4.97%	7.07%	1.87%	3.44%	6.26%	2.50%	1.06%	5.35%
WBA Walgreens Boots Alliance, Inc.	0.00%	0.00%	10.72%	7.35%	5.13%	3.62%	4.64%	3.04%	2.46%	2.13%	1.78%	1.64%

Frequently Asked Questions

Can I hold both WBA and SLX in my portfolio?

WBA and SLX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.