Notice
VanEck Steel ETF (SLX) will undergo changes to its benchmark index, investment objective, and principal investment strategy after the close of trading on December 19, 2025.
SLX
VanEck Steel ETF
SLX
VanEck Steel ETF
-
NAV$83.23
as of December 04, 2025 -
YTD RETURNS42.29%
as of December 04, 2025 -
Total Net Assets$139.42M
as of December 04, 2025 -
Gross Expense Ratio0.60%
-
Net Expense Ratio0.56%
-
Inception Date10/10/2006
About SLX
VanEck Steel ETF (SLX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index (STEEL), which is intended to track the overall performance of companies involved in the steel sector.
Overview
Why SLX
- One-Trade Access to the Steel Industry: An industry supporting global industrialization
- Pure Play with Global Scope: Includes companies involved in a variety of activities related to steel production
- Convenient Customization: Customize overall commodity exposure with targeted allocation to steel companies
Performance
Performance History:
Average Annual Total Returns* (%)| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/10/06 |
|
|---|---|---|---|---|---|---|---|---|
| SLX (NAV) | 2.27 | 14.02 | 38.60 | 17.87 | 13.18 | 19.99 | 18.00 | 6.73 |
| SLX (Share Price) | 1.89 | 13.74 | 38.32 | 17.38 | 12.74 | 19.91 | 17.97 | 6.71 |
| STEEL (Index) | 2.36 | 14.20 | 39.49 | 18.75 | 14.17 | 20.97 | 18.65 | 7.19 |
| Performance Differential (NAV - Index) | -0.09 | -0.18 | -0.89 | -0.88 | -0.99 | -0.98 | -0.65 | -0.46 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/10/06 |
|
|---|---|---|---|---|---|---|---|---|
| SLX (NAV) | 2.01 | 9.48 | 24.00 | 6.60 | 19.30 | 23.40 | 17.13 | 6.16 |
| SLX (Share Price) | 1.95 | 9.55 | 23.98 | 6.54 | 19.22 | 23.36 | 17.14 | 6.16 |
| STEEL (Index) | 2.04 | 9.71 | 24.63 | 7.33 | 20.31 | 24.42 | 17.72 | 6.62 |
| Performance Differential (NAV - Index) | -0.03 | -0.23 | -0.63 | -0.73 | -1.01 | -1.02 | -0.59 | -0.46 |
$0.01
/
+0.01%
$-0.19
/
-0.23%
Fees
Holdings
Daily Holdings (%) as of 12/04/2025
Download XLS|
Ticker
|
Holding Name |
% of Net Assets |
Identifier (FIGI)
|
Shares
|
Asset Class |
Market Value (US$) |
Notional Value |
|---|---|---|---|---|---|---|---|
|
RIO US |
Rio Tinto Plc | 10.70 |
BBG000FD28T3 |
214,439 |
Stock | 15,810,587 | -- |
|
VALE US |
Vale Sa | 9.37 |
BBG000BN5LG7 |
1,020,723 |
Stock | 13,841,004 | -- |
|
NUE US |
Nucor Corp | 5.68 |
BBG000BQ8KV2 |
51,618 |
Stock | 8,389,990 | -- |
|
MT US |
Arcelormittal Sa | 5.53 |
BBG000BJH5W0 |
191,778 |
Stock | 8,175,496 | -- |
|
STLD US |
Steel Dynamics Inc | 5.35 |
BBG000HGYNZ9 |
46,991 |
Stock | 7,899,657 | -- |
|
HCC US |
Warrior Met Coal Inc | 5.12 |
BBG00GD1JMV4 |
91,528 |
Stock | 7,561,128 | -- |
|
TS US |
Tenaris Sa | 5.09 |
BBG000PLD4R3 |
182,007 |
Stock | 7,524,169 | -- |
|
CRS US |
Carpenter Technology Corp | 5.06 |
BBG000BGCQT9 |
23,737 |
Stock | 7,470,983 | -- |
|
ATI US |
Ati Inc | 5.01 |
BBG000LC1FS4 |
73,774 |
Stock | 7,406,910 | -- |
|
GGB US |
Gerdau Sa | 4.62 |
BBG000K91FQ4 |
1,843,043 |
Stock | 6,819,259 | -- |
|
SID US |
Cia Siderurgica Nacional Sa | 4.53 |
BBG000JM98S3 |
3,757,896 |
Stock | 6,689,055 | -- |
|
CLF US |
Cleveland-Cliffs Inc | 4.42 |
BBG000BFRF55 |
512,591 |
Stock | 6,535,535 | -- |
|
PKX US |
Posco Holdings Inc | 4.42 |
BBG000BCBSD2 |
124,980 |
Stock | 6,531,455 | -- |
|
CMC US |
Commercial Metals Co | 4.37 |
BBG000BFSND8 |
98,964 |
Stock | 6,455,422 | -- |
|
RS US |
Reliance Steel & Aluminum Co | 4.34 |
BBG000CJ2181 |
22,280 |
Stock | 6,418,645 | -- |
|
WS US |
Worthington Steel Inc | 4.30 |
BBG01JPM5032 |
174,888 |
Stock | 6,357,179 | -- |
|
TX US |
Ternium Sa | 4.27 |
BBG000LTPD97 |
163,247 |
Stock | 6,301,334 | -- |
|
ROCK US |
Gibraltar Industries Inc | 3.30 |
BBG000BKQDQ7 |
98,105 |
Stock | 4,872,875 | -- |
|
RYI US |
Ryerson Holding Corp | 1.15 |
BBG000Q7V224 |
70,545 |
Stock | 1,698,018 | -- |
|
TMST US |
Timkensteel Corp | 1.07 |
BBG0057SF1Z2 |
91,633 |
Stock | 1,586,167 | -- |
|
SXC US |
Suncoke Energy Inc | 0.85 |
BBG000R1YXQ9 |
185,492 |
Stock | 1,253,926 | -- |
|
ZEUS US |
Olympic Steel Inc | 0.68 |
BBG000BBFT75 |
24,532 |
Stock | 998,943 | -- |
|
ASTL US |
Algoma Steel Group Inc | 0.65 |
BBG012NKXTD0 |
229,895 |
Stock | 954,064 | -- |
|
-USD CASH- |
0.09 |
-- |
134,421 |
Cash Bal | 134,421 | -- | |
|
-- |
Other/Cash | 0.04 |
-- |
0 |
Cash | 55,494 | -- |
Portfolio
Sector Weightings (%) as at 11/30/2025
-
Sector
% of Net Assets -
Materials
80.94 -
Industrials
13.82 -
Energy
5.09 -
Other/Cash
0.14
Country Weightings (%) as at 11/30/2025
-
Country
% of Net Assets -
United States
51.16 -
Brazil
17.68 -
Australia
10.72 -
Netherlands
9.26 -
Luxembourg
5.75 -
South Korea
4.61 -
Canada
0.68 -
Other/Cash
0.14
Distributions
Yields as of 12/04/2025
Annual
1.84%
2.50%
2.50%
Distribution History
| Year | Ex-date |
Record Date |
Payable date |
Dividend Income‡ |
Short-Term Capital Gains |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|---|---|---|---|---|---|---|---|---|
| 2024 | 12/23/2024 | 12/23/2024 | 12/24/2024 | $ 2.0784 | -- | -- | -- | $ 2.08 |
| 2023 | 12/18/2023 | 12/19/2023 | 12/22/2023 | $ 2.0667 | -- | -- | -- | $ 2.07 |
| 2022 | 12/19/2022 | 12/20/2022 | 12/23/2022 | $ 2.8706 | -- | -- | $ 0.0061 | $ 2.88 |
| 2021 | 12/20/2021 | 12/21/2021 | 12/27/2021 | $ 3.7609 | -- | -- | -- | $ 3.76 |
| 2020 | 12/21/2020 | 12/22/2020 | 12/28/2020 | $ 0.7738 | -- | -- | $ 0.0595 | $ 0.83 |
| 2019 | 12/30/2019 | 12/31/2019 | 01/06/2020 | $ 0.0723 | -- | -- | -- | $ 0.07 |
| 2019 | 12/23/2019 | 12/24/2019 | 12/30/2019 | $ 0.9715 | -- | -- | -- | $ 0.97 |
| 2018 | 12/20/2018 | 12/21/2018 | 12/27/2018 | $ 2.1820 | -- | -- | -- | $ 2.18 |
| 2017 | 12/27/2017 | 12/28/2017 | 01/03/2018 | $ 0.0270 | -- | -- | -- | $ 0.03 |
| 2017 | 12/18/2017 | 12/19/2017 | 12/22/2017 | $ 1.0910 | -- | -- | -- | $ 1.09 |
| 2016 | 12/19/2016 | 12/21/2016 | 12/23/2016 | $ 0.4020 | -- | -- | -- | $ 0.40 |
| 2015 | 12/21/2015 | 12/23/2015 | 12/28/2015 | $ 1.0233 | -- | -- | $ 0.0197 | $ 1.04 |
| 2014 | 12/22/2014 | 12/24/2014 | 12/29/2014 | $ 1.1590 | -- | -- | -- | $ 1.16 |
| 2013 | 12/23/2013 | 12/26/2013 | 12/30/2013 | $ 0.9444 | -- | -- | $ 0.0396 | $ 0.98 |
| 2012 | 12/24/2012 | 12/27/2012 | 12/31/2012 | $ 1.0750 | -- | -- | -- | $ 1.08 |
| 2011 | 12/23/2011 | 12/28/2011 | 12/30/2011 | $ 1.1420 | -- | -- | -- | $ 1.14 |
| 2010 | 12/23/2010 | 12/28/2010 | 12/30/2010 | $ 0.8696 | -- | -- | $ 0.1554 | $ 1.03 |
| 2009 | 12/23/2009 | 12/28/2009 | 12/30/2009 | $ 0.9161 | -- | -- | $ 0.0659 | $ 0.98 |
| 2008 | 12/26/2008 | 12/29/2008 | 12/31/2008 | $ 1.3050 | $ 0.0500 | -- | -- | $ 1.36 |
| 2007 | 12/24/2007 | 12/27/2007 | 12/31/2007 | $ 0.4850 | -- | -- | -- | $ 0.49 |
| 2006 | 12/21/2006 | 12/26/2006 | 12/29/2006 | $ 0.1450 | -- | -- | -- | $ 0.15 |
‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.
Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.
The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.