Correlation
The correlation between ^DJUSST and SLX 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.
^DJUSST vs. SLX
Compare and contrast key facts about Dow Jones U.S. Iron & Steel Index (^DJUSST) and VanEck Vectors Steel ETF (SLX).
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: ^DJUSST or SLX.
Performance
^DJUSST vs. SLX - Performance Comparison
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Key characteristics
^DJUSST:
-0.60
SLX:
-0.36
^DJUSST:
-0.73
SLX:
-0.46
^DJUSST:
0.91
SLX:
0.94
^DJUSST:
-0.52
SLX:
-0.42
^DJUSST:
-1.30
SLX:
-1.04
^DJUSST:
15.32%
SLX:
11.05%
^DJUSST:
33.70%
SLX:
27.19%
^DJUSST:
-81.48%
SLX:
-82.14%
^DJUSST:
-30.66%
SLX:
-14.00%
Returns By Period
In the year-to-date period, ^DJUSST achieves a 3.43% return, which is significantly lower than SLX's 6.36% return. Over the past 10 years, ^DJUSST has underperformed SLX with an annualized return of 9.36%, while SLX has yielded a comparatively higher 10.49% annualized return.
^DJUSST
3.43%
0.09%
-17.11%
-19.99%
3.87%
24.76%
9.36%
SLX
6.36%
3.36%
-10.03%
-10.23%
4.90%
25.83%
10.49%
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Risk-Adjusted Performance
^DJUSST vs. SLX — Risk-Adjusted Performance Rank
^DJUSST
SLX
^DJUSST vs. SLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Iron & Steel Index (^DJUSST) 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.
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Drawdowns
^DJUSST vs. SLX - Drawdown Comparison
The maximum ^DJUSST drawdown since its inception was -81.48%, roughly equal to the maximum SLX drawdown of -82.14%. Use the drawdown chart below to compare losses from any high point for ^DJUSST and SLX.
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Volatility
^DJUSST vs. SLX - Volatility Comparison
Dow Jones U.S. Iron & Steel Index (^DJUSST) has a higher volatility of 6.21% compared to VanEck Vectors Steel ETF (SLX) at 5.51%. This indicates that ^DJUSST's price experiences larger fluctuations and is considered to be riskier than SLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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