Vaneck Steel Etf Profile
| SLX Etf | USD 70.98 0.36 0.51% |
Performance5 of 100
| Odds Of DistressLess than 9
|
VanEck Steel is trading at 70.98 as of the 28th of November 2024; that is 0.51 percent increase since the beginning of the trading day. The etf's open price was 70.62. VanEck Steel has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for VanEck Steel ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Vaneck Steel is traded on NYSEARCA Exchange in the United States. More on VanEck Steel ETF
Moving together with VanEck Etf
VanEck Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | Vaneck Vectors Steel Etf |
| Business Concentration | SPASX All Technology, ASX Small Ordinaries, SPASX 300, Sector ETFs, Materials ETFs, Natural Resources, VanEck (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2006-10-10 |
| Benchmark | NYSE Arca Steel Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 90.14 Million |
| Average Trading Valume | 9,871 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Van Eck Associates Corporation |
| Advisor | Van Eck Associates Corporation |
| Custodian | State Street Bank and Trust Company |
| Distributor | Van Eck Securities Corporation |
| Portfolio Manager | Hao-Hung Peter Liao, Guo Hua Jason Jin |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 27.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.57 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | (4.25) |
| Name | VanEck Steel ETF |
| Currency Code | USD |
| Open Figi | BBG000Q54VZ8 |
| In Threey Volatility | 31.48 |
| 1y Volatility | 21.8 |
| 200 Day M A | 68.8034 |
| 50 Day M A | 69.0102 |
| Code | SLX |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
VanEck Steel ETF [SLX] is traded in USA and was established 2006-10-10. The fund is classified under Natural Resources category within VanEck family. The entity is thematically classified as Sector ETFs. VanEck Steel ETF at this time have 77.49 M in assets. , while the total return for the last 3 years was 15.0%.
Check VanEck Steel Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on VanEck Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding VanEck Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as VanEck Steel ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top VanEck Steel ETF Etf Constituents
| CLF | Cleveland Cliffs | Stock | Materials | |
| CMC | Commercial Metals | Stock | Materials | |
| MT | ArcelorMittal SA ADR | Stock | Materials | |
| NUE | Nucor Corp | Stock | Materials | |
| ROCK | Gibraltar Industries | Stock | Industrials | |
| RS | Reliance Steel Aluminum | Stock | Materials | |
| STLD | Steel Dynamics | Stock | Materials | |
| TX | Ternium SA ADR | Stock | Materials |
VanEck Steel Top Holders
| RAAX | VanEck Inflation Allocation | Etf | Moderate Allocation |
VanEck Steel ETF Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Steel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.02) |
VanEck Steel Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Steel ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of VanEck Steel ETF is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Steel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Steel's market value can be influenced by many factors that don't directly affect VanEck Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.