XME vs. SLX
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and VanEck Vectors Steel ETF (SLX).
XME and SLX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both XME and SLX 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: XME or SLX.
Correlation
The correlation between XME and SLX 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
XME vs. SLX - Performance Comparison
Key characteristics
XME:
-0.00
SLX:
-0.71
XME:
0.18
SLX:
-0.91
XME:
1.02
SLX:
0.89
XME:
-0.00
SLX:
-0.85
XME:
-0.01
SLX:
-1.80
XME:
6.85%
SLX:
8.51%
XME:
25.71%
SLX:
21.50%
XME:
-85.94%
SLX:
-82.15%
XME:
-23.20%
SLX:
-17.95%
Returns By Period
In the year-to-date period, XME achieves a -2.97% return, which is significantly higher than SLX's -16.73% return. Over the past 10 years, XME has underperformed SLX with an annualized return of 8.02%, while SLX has yielded a comparatively higher 9.36% annualized return.
XME
-2.97%
-13.03%
-0.95%
-3.05%
16.54%
8.02%
SLX
-16.73%
-11.41%
-6.74%
-16.58%
14.14%
9.36%
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XME vs. SLX - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is lower than SLX's 0.56% expense ratio.
Risk-Adjusted Performance
XME vs. SLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) 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.
Dividends
XME vs. SLX - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.53%, while SLX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.53% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
SLX VanEck Vectors Steel ETF | 0.00% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% | 1.98% |
Drawdowns
XME vs. SLX - Drawdown Comparison
The maximum XME drawdown since its inception was -85.94%, roughly equal to the maximum SLX drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for XME and SLX. For additional features, visit the drawdowns tool.
Volatility
XME vs. SLX - Volatility Comparison
SPDR S&P Metals & Mining ETF (XME) and VanEck Vectors Steel ETF (SLX) have volatilities of 6.54% and 6.36%, 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.