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SLX - ETF AI Analysis
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VanEck Steel ETF (SLX)
Rating:65Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the past three months and year-to-date, indicating positive momentum in its steel-focused holdings.
Global Steel Exposure
Holdings spread across the U.S., Australia, Japan, and several other countries give investors diversified access to major global steel producers.
Leading Steel Companies in Top Holdings
Many of the largest positions, such as Rio Tinto, BHP, Vale, and Nucor, have delivered solid year-to-date performance, helping support the fund’s returns.
Negative Factors
High Sector Concentration
With the vast majority of assets in the materials sector, the ETF is heavily tied to the fortunes of the steel and metals industry.
Moderately High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost options.
Exposure to Underperforming Holding
One of the top positions, Fortescue Metals Group, has shown slightly weak year-to-date performance, which can drag on overall results if the trend continues.
SLX vs. SPDR S&P 500 ETF (SPY)
AUM204.33M
RegionGlobal
Expense Ratio0.56%
Beta1.05
IssuerVanEck
Inception DateOct 10, 2006
Dividend Yield1.32%
Asset ClassEquity
Index TrackedMarketVector Global Steel Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume70,222
30 Day Avg. Volume51,349
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
93.97Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering32
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 stocks, including well-known names like Rio Tinto and BHP Group, which supply key metals used in construction, infrastructure, and manufacturing. Someone might invest in SLX if they want targeted exposure to the steel industry and believe global building and infrastructure projects will grow over time. A key risk is that this fund is heavily tied to the steel sector, so its price can swing sharply with changes in the global economy and commodity demand.
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 riding a global steel wave, with Brazilian giant Vale and diversified miners like Rio Tinto and BHP doing much of the heavy lifting as their shares have been rising on solid operations and healthy dividends. U.S. names such as Nucor and Reliance Steel add steady momentum, helping keep the fund’s engine humming. Not everything is smooth, though: POSCO and Nippon Steel look more mixed, occasionally throwing sand in the gears. Overall, this is a tightly focused, materials-heavy, globally diversified bet on the steel cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Rio Tinto | 8.56% | $17.49M | $163.83B | 56.11% | 80 Outperform | |
| BHP Group | 8.02% | $16.39M | $182.36B | 41.47% | 73 Outperform | |
| Vale SA | 7.57% | $15.47M | $71.45B | 75.63% | 79 Outperform | |
| ArcelorMittal | 5.88% | $12.02M | $46.63B | 113.92% | 71 Outperform | |
| Nucor | 5.88% | $12.02M | $43.94B | 44.58% | 74 Outperform | |
| Rio Tinto Limited | 5.84% | $11.94M | AU$231.75B | 56.54% | 78 Outperform | |
| Fortescue Metals Group Ltd | 5.55% | $11.34M | AU$66.38B | 31.92% | 76 Outperform | |
| Reliance Steel | 4.62% | $9.43M | $18.47B | 22.65% | 74 Outperform | |
| Steel Dynamics | 4.43% | $9.06M | $29.37B | 53.25% | 76 Outperform | |
| POSCO | 4.42% | $9.03M | $19.44B | 59.62% | 60 Neutral |
SLX Technical Analysis
Positive
―
Price Trends
88.94
Positive
81.98
Positive
74.11
Positive
Market Momentum
3.33
Negative
73.82
Negative
97.86
Negative
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 95.54, equal to the 50-day MA of 88.94, and equal to the 200-day MA of 74.11, indicating a bullish trend. The MACD of 3.33 indicates Negative momentum. The RSI at 73.82 is Negative, neither overbought nor oversold. The STOCH value of 97.86 is Negative, 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
102.46
40.46
65.26%
SGDM
Sprott Gold Miners ETF
―
―
―
SGDJ
Sprott Junior Gold Miners ETF
―
―
―
MXI
iShares Global Materials ETF
―
―
―
COPP
Sprott Copper Miners ETF
―
―
―
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
―
―
―
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.
Disclaimer
This 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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