(SLX) VanEck Steel - Ratings and Ratios
Steel, Mining, Materials, Industrial
Description: SLX VanEck Steel October 19, 2025
The VanEck Steel ETF (NYSE ARCA: SLX) allocates at least 80% of its assets to common stocks and depositary receipts of companies operating in the steel industry, including small- and mid-cap firms as well as issuers from foreign and emerging markets. Because the fund mirrors the concentration of its underlying Steel Index, it is classified as non-diversified and can be heavily weighted toward a limited number of steel producers.
Key industry metrics that can influence SLX’s performance include global steel production, which reached roughly 1.9 billion metric tons in 2023, and the U.S. steel price index, which has risen about 12% year-to-date. Demand drivers such as U.S. infrastructure spending (the bipartisan infrastructure law allocating $550 billion) and construction activity in China remain primary catalysts, while raw-material costs-particularly iron-ore and coking-coal prices-serve as significant cost-side risks.
For a deeper quantitative view, you might explore the ValueRay platform’s sector analytics to see how SLX’s exposure aligns with current steel market fundamentals.
SLX ETF Overview
| Market Cap in USD | 116m |
| Category | Natural Resources |
| TER | 0.56% |
| IPO / Inception | 2006-10-10 |
SLX ETF Ratings
| Growth Rating | 70.6% |
| Fundamental | - |
| Dividend Rating | 59.2% |
| Return 12m vs S&P 500 | -2.88% |
| Analyst Rating | - |
SLX Dividends
| Dividend Yield 12m | 2.73% |
| Yield on Cost 5y | 7.47% |
| Annual Growth 5y | 25.68% |
| Payout Consistency | 86.7% |
| Payout Ratio | % |
SLX Growth Ratios
| Growth Correlation 3m | 94.3% |
| Growth Correlation 12m | 65.2% |
| Growth Correlation 5y | 84.4% |
| CAGR 5y | 14.95% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.55 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.81 |
| Sharpe Ratio 12m | 0.29 |
| Alpha | -12.28 |
| Beta | 1.600 |
| Volatility | 23.14% |
| Current Volume | 142.4k |
| Average Volume 20d | 29.4k |
| Stop Loss | 73.9 (-3.1%) |
| Signal | -1.11 |
What is the price of SLX shares?
Over the past week, the price has changed by -4.51%, over one month by +1.99%, over three months by +14.25% and over the past year by +16.49%.
Is VanEck Steel a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SLX is around 76.71 USD . This means that SLX is currently overvalued and has a potential downside of 0.62%.
Is SLX a buy, sell or hold?
What are the forecasts/targets for the SLX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 88.2 | 15.6% |
SLX Fundamental Data Overview October 30, 2025
Beta = 1.6
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 116.0m USD (116.0m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 116.0m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 116.0m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 11.91% (E(116.0m)/V(116.0m) * Re(11.91%) + (debt-free company))
Discount Rate = 11.91% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for SLX ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle