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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 Vol46k
52 wk High45.39
52 wk Low31.35
Inception:Oct 2006
(as of 2017-10-20)
Total Returns:
1 day0.9%
5 day0.2%
1 month4.2%
3 month8.5%
6 month14.4%
9 month5.4%
1 year37.2%
Compare Funds:
Correlated Group: Materials (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
iShares MSCI Global Select Metals & Mining ProducePICK0.83  
SPDR Metals & MiningXME0.81  
SPDR S&P Global Natural Resources ETFGNR0.74  
iShares S&P Gbl MaterialsMXI0.73  
FlexShares Morningstar Global Upstream Natural ResGUNR0.70  
Global X Copper Miners ETFCOPX0.68  
VanEck Vectors RVE Hard Assets Prod ETFHAP0.66  
First Trust Materials AlphaDEX FundFXZ0.65  
PowerShares FTSE RAFI Emerging Markets PortfoPXH0.63  
Guggenheim S&P Equal Weight Materials ETFRTM0.62  
Least Correlated
iShares MSCI Global Gold Miners Fund ETFRING0.02  
PIMCO Low Duration ETFLDUR0.02  
IQ Enhanced Core Plus Bond U.S. ETFAGGP0.02  
iShares iBonds Dec 2020 Corp ETFIBDL0.01  
VanEck Vectors Gold MinersGDX0.00  
SPDR Barclays 1-3 Month T-Bill ETFBIL0.00  
CurrencyShares British PoundFXB-0.00  
Direxion Daily Gold Miners Bull 2X Shrs NUGT-0.00  
Direxion Daily Gold Miners Bear 2X Shrs DUST-0.01  
Janus Short Duration Income ETFVNLA-0.02  
Most Inversely Correlated
ProShares Short S&P 500SH-0.44  
Direxion Daily China Bear 3X SharesYANG-0.44  
ProShares UltraShort MSCI BrazilBZQ-0.46  
Direxion Small Cap Bear 3X SharesTZA-0.49  
Proshares Short Russell 2000RWM-0.49  
Proshares UltraShort Russell2000TWM-0.50  
ProShares UltraPro Short Russell2000SRTY-0.50  
Direxion Daily Russia Bear 3x Shares ETFRUSS-0.55  
ProShares Short MSCI Emerging MktsEUM-0.57  
Direxion Emerging Markets Bear 3X SharesEDZ-0.58  
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: 2017-10-20.

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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