SLX - ETF AI Analysis
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VanEck Steel ETF (SLX)
Rating:64Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the past month, three months, and year-to-date, indicating solid recent momentum.
Leading Global Steel Companies
Many of the top holdings, such as BHP, Rio Tinto, Vale, and Nucor, have delivered strong year-to-date performance, helping drive the fund’s returns.
International Diversification
Holdings spread across the U.S., Australia, Japan, and several other countries reduce reliance on any single steel market.
Negative Factors
High Sector Concentration
With most assets in the materials sector, the ETF is heavily tied to the steel and metals cycle, which can be volatile.
Moderately High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which can modestly reduce net returns over time.
Dependence on a Few Large Positions
A significant share of the portfolio is concentrated in a handful of large mining and steel companies, increasing the impact if any of them weaken.
SLX vs. SPDR S&P 500 ETF (SPY)
AUM192.02M
RegionGlobal
Expense Ratio0.55%
Beta1.14
IssuerVanEck
Inception DateOct 10, 2006
Dividend Yield1.23%
Asset ClassEquity
Index TrackedMarketVector Global Steel Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume74,083
30 Day Avg. Volume49,511
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
102.88Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering34
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SLX Summary
The VanEck Steel ETF (SLX) tracks the MarketVector Global Steel Index and focuses on companies involved in steel production around the world. It mainly holds materials and steel producers that benefit from demand in construction, infrastructure, and manufacturing. Well-known names in the fund include BHP Group and Rio Tinto. Someone might invest in SLX to bet on global growth and infrastructure spending while getting diversification across many steel companies instead of picking just one stock. A key risk is that it is heavily tied to the steel industry, so its price can swing sharply with economic cycles and commodity prices.
How much will it cost me?The VanEck Steel ETF (SLX) has an expense ratio of 0.56%, meaning you’ll pay $5.60 per year for every $1,000 invested. This cost is slightly higher than average for ETFs because it is actively managed to focus on a specific niche—the steel production industry—rather than tracking a broad market index.
What would affect this ETF?The VanEck Steel ETF (SLX) could benefit from increased global infrastructure spending and economic growth, which drive demand for steel in construction and manufacturing. However, it may face challenges from rising interest rates, which can slow economic activity, or stricter environmental regulations impacting steel production costs. Its global exposure and reliance on major steel producers like Rio Tinto and Vale make it sensitive to commodity price fluctuations and geopolitical developments.
SLX Top 10 Holdings
SLX is essentially a steel-and-iron play, with performance heavily steered by global giants like BHP and Rio Tinto, both of which have been steadily climbing and giving the fund a solid backbone. U.S. names like Nucor and Steel Dynamics are also rising, adding extra lift as demand for steel stays firm. On the flip side, Vale has been more mixed lately, occasionally taking some shine off the fund’s gains. Overall, this is a globally diversified but sector-concentrated bet on the steel and materials cycle, not a broad-market ride.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| BHP Group | 8.24% | $13.78M | $216.75B | 69.57% | 73 Outperform | |
| Rio Tinto | 8.08% | $13.52M | $180.12B | 69.26% | 80 Outperform | |
| Nucor | 6.99% | $11.68M | $52.84B | 113.84% | 74 Outperform | |
| Vale SA | 6.72% | $11.23M | $68.81B | 71.67% | 79 Outperform | |
| Rio Tinto Limited | 6.59% | $11.03M | AU$252.59B | 71.97% | 78 Outperform | |
| POSCO | 5.78% | $9.66M | $21.77B | 74.32% | 60 Neutral | |
| Fortescue Metals Group Ltd | 5.18% | $8.65M | AU$66.16B | 55.24% | 76 Outperform | |
| Steel Dynamics | 4.97% | $8.31M | $34.62B | 91.53% | 76 Outperform | |
| ArcelorMittal | 4.74% | $7.93M | $49.03B | 117.65% | 71 Outperform | |
| Reliance Steel | 4.64% | $7.76M | $18.73B | 25.69% | 74 Outperform |
SLX Technical Analysis
Positive
―
Price Trends
98.80
Positive
96.67
Positive
85.81
Positive
Market Momentum
1.81
Positive
57.60
Neutral
45.27
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SLX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 105.52, equal to the 50-day MA of 98.80, and equal to the 200-day MA of 85.81, indicating a bullish trend. The MACD of 1.81 indicates Positive momentum. The RSI at 57.60 is Neutral, neither overbought nor oversold. The STOCH value of 45.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLX.
SLX Peer Comparison
Comparison Results
Performance Comparison
SLX
VanEck Steel ETF
106.67
44.06
70.37%
SLVP
iShares MSCI Global Silver Miners ETF
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SGDM
Sprott Gold Miners ETF
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ICOP
iShares Copper and Metals Mining ETF
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MXI
iShares Global Materials ETF
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COPP
Sprott Copper Miners ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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