SLX
VanEck Vectors Steel ETFSLX Fund Description
SLX tracks a market-cap-weighted index of global steel firms.
SLX Factset Analytics Insight
Thanks to the closure of its lone competitor, SLX is now the lone Global Steel ETF available. However, while it may be the only choice, it's not a great representation of the global steel market. SLX targets not only steel producers, but the companies that service and supply them, giving it exposure to industries outside the scope of our benchmark. On the other hand, the relatively low-holdings count of SLX means many important steel producers and over half of the countries in our benchmark are absent from the portfolio. While SLX doesn't offer comprehensive market exposure in our view, it is Efficient and Tradable, making it our Analyst Pick.
SLX MSCI ESG Analytics Insight
VanEck Vectors Steel ETF has an MSCI ESG Fund Rating of B based on a score of 2.48 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. VanEck Vectors Steel ETF ranks in the 4th percentile within its peer group and in the 7th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SLX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SLX Charts And Performance
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SLX Portfolio Data
SLX Index Data
SLX Portfolio Management
SLX Tax Exposures
SLX Fund Structure
SLX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SLX. SLX is rated a 4 out of 5.
SLX Tradability
SLX Sector/Industry Breakdown
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SLX Top 10 Holdings[View All]
SLX Countries
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SLX Regions
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SLX Economic Development
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SLX Performance Statistics
SLX MSCI ESG Ratings
SLX Benchmark Comparison Summary
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SLX Benchmark Comparison Market Cap Size
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