Real estate & infrastructure
SLXVanEckINDEX
VanEck Steel ETF
$101.55+2.04% vs prior close
7611452-WK
Price through Oct 27, 2026 · Flows through Oct 26, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 27, 2026. Holdings snapshot retrieved Oct 27, 2026.
The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Such companies may include small- and medium-capitalization companies and foreign and emerging market issuers. It may concentrate its investments in a particular industry or group of industries to the extent that the Steel Index concentrates in an industry or group of industries. The fund is non-diversified.
SLX price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | SLX close |
|---|---|
| Sep 28, 2026 | $104.08 |
| Sep 29, 2026 | $102.51 |
| Sep 30, 2026 | $102.26 |
| Oct 1, 2026 | $101.81 |
| Oct 2, 2026 | $103.53 |
| Oct 5, 2026 | $105.13 |
| Oct 6, 2026 | $105.04 |
| Oct 7, 2026 | $102.43 |
| Oct 8, 2026 | $101.96 |
| Oct 9, 2026 | $103.80 |
| Oct 12, 2026 | $103.10 |
| Oct 13, 2026 | $103.03 |
| Oct 14, 2026 | $102.46 |
| Oct 15, 2026 | $101.76 |
| Oct 16, 2026 | $102.45 |
| Oct 19, 2026 | $102.88 |
| Oct 20, 2026 | $103.41 |
| Oct 21, 2026 | $103.36 |
| Oct 22, 2026 | $99.96 |
| Oct 23, 2026 | $100.04 |
| Oct 26, 2026 | $99.52 |
| Oct 27, 2026 | $101.55 |
Daily net flows, 1M
Net outflow over the range: −$6M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Sep 28 | $0 |
| Sep 29 | $0 |
| Sep 30 | $0 |
| Oct 1 | −$3.1M |
| Oct 2 | $0 |
| Oct 5 | $0 |
| Oct 6 | $0 |
| Oct 7 | $0 |
| Oct 8 | $0 |
| Oct 9 | $0 |
| Oct 12 | $0 |
| Oct 13 | $0 |
| Oct 14 | $0 |
| Oct 15 | $0 |
| Oct 16 | −$3.1M |
| Oct 19 | $0 |
| Oct 20 | $0 |
| Oct 21 | $0 |
| Oct 22 | $0 |
| Oct 23 | $0 |
| Oct 26 | $0 |
The desk’s read
Money is leaving — −$6M in net outflows over the past month, about 4.1% of the fund's asset base, while the price has returned +19.7% so far this year. At 0.56% a year it is not the cheapest way in — XLE has a reported fee of 0.09%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$150Massets under management
0.56%expense ratio · $56 per $10,000 a year
−$6Mnet flow, trailing month
12Kavg daily volume, 30 days
26holdings · US-domiciled
2006listed October 17, 2006 · beta 1.24
The book at a glance
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS
Holdings
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | VOEVANGUARD MID-CAP VALUE INDEX FUND | 2.19% | $208.62 | -0.1% | ||
| 2 | NUENUCOR | 7.26% | $270.79 | +5.2% | ||
| 3 | BHPBHP GROUP | 6.79% | $82.60 | +4.4% | ||
| 4 | VALEVALE | 6.27% | $11.84 | -1.3% | ||
| 5 | STLDSTEEL DYNAMICS | 5.60% | $246.80 | +3.9% | ||
| 6 | RSRELIANCE STEEL & ALUMINUM | 5.29% | $432.79 | +2.6% | ||
| 7 | MTARCELORMITTAL | 5.17% | $61.11 | +2.8% | ||
| 8 | TSTENARIS SA | 4.14% | $60.32 | +1.7% | ||
| 9 | PKXPOSCO HOLDINGS | 4.13% | $52.00 | +2.7% | ||
| 10 | RIORIO TINTO | 4.38% | $85.74 | +2.4% | ||
| 11 | CLFCLEVELAND-CLIFFS | 2.40% | $13.90 | +3.9% | ||
| 12 | GGBGERDAU SA | 2.41% | $4.65 | -2.1% | ||
| 13 | CMCCOMMERCIAL METALS | 2.04% | $63.61 | +1.9% | ||
| 14 | BSLBLACKSTONE SENIOR FLOATING RATE 2027 TERM FUND | 2.67% | $12.75 | -0.1% | ||
| 15 | TXTERNIUM SA | 1.26% | $54.68 | +1.1% |
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- Non-Energy Minerals92.99%
- Materials80.68%
- Basic Materials80.31%
- Industrials14.99%
- Energy4.7%
- Producer Manufacturing3.52%
- Energy Minerals3.44%
- Cash0.06%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Non-Energy Minerals | 92.99% |
| Materials | 80.68% |
| Basic Materials | 80.31% |
| Industrials | 14.99% |
| Energy | 4.7% |
| Producer Manufacturing | 3.52% |
| Energy Minerals | 3.44% |
| Cash | 0.06% |
Country weights
- United States60.13%
- Brazil16.29%
- Luxembourg13.73%
- United Kingdom9.6%
- India5.8%
- Korea (the Republic of)4.67%
- Netherlands4.57%
- Italy4.54%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| United States | 60.13% |
| Brazil | 16.29% |
| Luxembourg | 13.73% |
| United Kingdom | 9.6% |
| India | 5.8% |
| Korea (the Republic of) | 4.67% |
| Netherlands | 4.57% |
| Italy | 4.54% |
Performance
| 1 week | -1.8% |
| 1 month | -3.1% |
| 3 months | -2.5% |
| 6 months | -0.0% |
| YTD | +19.7% |
| 1 year | +28.7% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | −$6M |
| 3 months | −$9M |
| YTD | −$31M |
| 1 year | +$4M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Nov | $75K |
| Dec | $29.1M |
| Jan | $8.4M |
| Feb | $8.6M |
| Mar | −$40.5M |
| Apr | −$8.8M |
| May | $51.7M |
| Jun | −$29.7M |
| Jul | −$11.7M |
| Aug | $30K |
| Sep | −$3.3M |
| Oct | −$6.2M |
The risk read
21%realized volatility, 30 days (annualized)
24%realized volatility, 1 year
-16.3%deepest fall from a peak, 1 year
-10.6%latest close versus that peak
The top holding is 7.3% of the book; the top ten carry 54%. Spread across 38+ names, it behaves like roughly 23 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
—calls · latest snapshot
1puts · latest snapshot
—put/call ratio
7Kshares traded
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| NUE NUCOR | $3M | $2M |
| CLF CLEVELAND-CLIFFS | $1M | $1M |
| VALE VALE | $1M | $1M |
| STLD STEEL DYNAMICS | $382,696 | $1M |
| RIO RIO TINTO | $744,798 | $703,292 |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
The case against SLX
Due diligence cuts both ways. These funds sit on the same shelf and beat SLX on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPDW SPDR Portfolio Developed World ex-US ETF | 0.03% | $40.7B | +$609M | -53bp on fee · 271× the assets · +$609M in over the month | Head-to-head |
| SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | $18.4B | +$199M | -53bp on fee · 122× the assets · +$199M in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.4B | +$497M | -52bp on fee · 216× the assets · +$497M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$47M | -52bp on fee · 158× the assets · +$47M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -52bp on fee · 124× the assets · +$412M in over the month | Head-to-head |
