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VanEck Vectors Steel Index Fund (SLX) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol117k
52 wk High45.39
52 wk Low18.23
Inception:Oct 2006
(as of 2017-02-24)
Total Returns:
1 day-1.2%
5 day-4.3%
1 month0.2%
3 month7.5%
6 month41.6%
9 month71.4%
1 year129.0%
Compare Funds:
Correlated Group: Materials (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
iShares MSCI Global Select Metals & Mining ProducePICK0.89  
SPDR Metals & MiningXME0.85  
iShares S&P Gbl MaterialsMXI0.82  
SPDR S&P Global Natural Resources ETFGNR0.77  
FlexShares Morningstar Global Upstream Natural ResGUNR0.77  
Vanguard MaterialsVAW0.76  
Fidelity MSCI MaterialsFMAT0.75  
Global X Copper Miners ETFCOPX0.75  
iShares US Basic MaterialsIYM0.75  
First Trust Materials AlphaDEX FundFXZ0.72  
Least Correlated
SPDR Barclays Capital Short Term Corp BdSCPB0.01  
Vanguard Interm-Term Corp Bd Idx ETFVCIT0.01  
PowerShares DB US Dollar Index Bearish FundUDN0.00  
Guggenheim Ultra Short BondGSY0.00  
Vanguard Total Bond Market ETFBND-0.00  
VanEck Vectors Egypt Index ETFEGPT-0.00  
VanEck Vectors Short MuniSMB-0.01  
iShares Core Total US Bond Mkt ETFAGG-0.01  
iShares Core Total USD Bond Market ETFIUSB-0.01  
iShares S&P/Citi Intl Treasury BondIGOV-0.01  
Most Inversely Correlated
ProShares Short S&P 500SH-0.57  
Proshares UltraShort FinancialsSKF-0.58  
Proshares UltraShort S&P500SDS-0.58  
ProShares UltraPro Short S&P 500SPXU-0.59  
Direxion S&P 500 Bear 3X SharesSPXS-0.59  
Active Bear ETF HDGE-0.59  
Proshares UltraShort Russell2000TWM-0.61  
Direxion Small Cap Bear 3X SharesTZA-0.61  
Proshares Short Russell 2000RWM-0.62  
ProShares UltraPro Short Russell2000SRTY-0.62  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-02-24.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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