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VanEck Vectors Steel Index Fund (SLX) - ETF





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Volume(000's)


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

ETF Symbol:
Price47.71
Volume88k
Avg Vol43k
RSf97.0
$Vol(21d)3m
52 wk High50.80
52 wk Low17.29
Yield(ttm)1.75%
Inception:Oct 2006
Total Returns:
1 day-4.9%
5 day-5.5%
1 month6.6%
3 month48.5%
6 month70.0%
9 month112.0%
1 year30.3%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: Materials (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
SPDR Metals & MiningXME0.92  
Invesco DWA Basic MaterialsPYZ0.90  
iShares MSCI Global Select Metals & Mining ProducePICK0.89  
SPDR S&P Global Natural Resources ETFGNR0.89  
First Trust Materials AlphaDEX FundFXZ0.87  
FlexShares Morningstar Global Upstream Natural ResGUNR0.86  
iShares S&P Gbl MaterialsMXI0.85  
Invesco S&P Equal Weight Materials ETFRTM0.84  
Vanguard MaterialsVAW0.83  
Fidelity MSCI MaterialsFMAT0.82  
Least Correlated
Western Asset Total Return ETFWBND0.01  
Invesco Ultra Short BondGSY0.01  
iShares iBonds Dec 2022 Corp ETFIBDN0.00  
SPDR Portfolio Interm Term BondsSPIB0.00  
iShares 0-5 yr Invest Grade Corp Bd ETFSLQD0.00  
VanEck Vectors High-Yield Muni ETFHYD-0.00  
First Trust TCW Unconstrained Pls Bd ETFUCON-0.00  
USAA Core Intermediate Bond ETFUITB-0.01  
SPDR Nuveen S&P High Yield Muni Bond ETFHYMB-0.01  
Vanguard Tax-Exempt Bond ETFVTEB-0.01  
Most Inversely Correlated
Proshares UltraShort Dow30DXD-0.69  
ProShares Short Dow 30DOG-0.69  
Direxion Energy Bear 2X SharesERY-0.69  
Direxion Dly S&P Oil & Gas E&P Bear 2X ETFDRIP-0.69  
Proshares UltraShort Oil & GasDUG-0.70  
Direxion Financial Bear 3X SharesFAZ-0.71  
Direxion Small Cap Bear 3X SharesTZA-0.75  
Proshares Short Russell 2000RWM-0.75  
ProShares UltraPro Short Russell2000SRTY-0.76  
Proshares UltraShort Russell2000TWM-0.76  
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: 2021-01-08.


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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