SLX
VanEck Steel ETF
SLX
VanEck Steel ETF
-
NAV$84.86
as of December 18, 2025 -
YTD RETURNS45.08%
as of December 18, 2025 -
Total Net Assets$163.36M
as of December 18, 2025 -
Gross Expense Ratio0.60%
-
Net Expense Ratio0.56%
-
Inception Date10/10/2006
About SLX
VanEck Steel ETF (SLX®) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MarketVector Global Steel Index (MVSLXTR), which is intended to track the overall performance of companies involved in the global steel segment.
Overview
Why SLX
- Steel is the backbone of global infrastructure and critical to our next-generation technologies
- Unique, dedicated exposure to steel segment
- Selective global scope targeting pure-play 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 |
$0.03
/
+0.04%
$-0.24
/
-0.28%
Fees
Holdings
Daily Holdings (%) as of 12/18/2025
Download XLS|
Ticker
|
Holding Name |
% of Net Assets |
Identifier (FIGI)
|
Shares
|
Asset Class |
Market Value (US$) |
Notional Value |
|---|---|---|---|---|---|---|---|
|
RIO US |
Rio Tinto Plc | 11.05 |
BBG000FD28T3 |
229,589 |
Stock | 17,822,994 | -- |
|
VALE US |
Vale Sa | 8.65 |
BBG000BN5LG7 |
1,092,832 |
Stock | 13,955,465 | -- |
|
MT US |
Arcelormittal Sa | 5.73 |
BBG000BJH5W0 |
205,325 |
Stock | 9,239,625 | -- |
|
STLD US |
Steel Dynamics Inc | 5.45 |
BBG000HGYNZ9 |
50,312 |
Stock | 8,783,469 | -- |
|
NUE US |
Nucor Corp | 5.41 |
BBG000BQ8KV2 |
55,264 |
Stock | 8,722,317 | -- |
|
ATI US |
Ati Inc | 5.38 |
BBG000LC1FS4 |
78,984 |
Stock | 8,669,284 | -- |
|
HCC US |
Warrior Met Coal Inc | 5.20 |
BBG00GD1JMV4 |
97,995 |
Stock | 8,378,573 | -- |
|
CRS US |
Carpenter Technology Corp | 5.07 |
BBG000BGCQT9 |
25,414 |
Stock | 8,171,363 | -- |
|
TS US |
Tenaris Sa | 4.59 |
BBG000PLD4R3 |
194,866 |
Stock | 7,408,805 | -- |
|
CMC US |
Commercial Metals Co | 4.57 |
BBG000BFSND8 |
105,954 |
Stock | 7,376,517 | -- |
|
GGB US |
Gerdau Sa | 4.52 |
BBG000K91FQ4 |
1,973,245 |
Stock | 7,281,274 | -- |
|
CLF US |
Cleveland-Cliffs Inc | 4.42 |
BBG000BFRF55 |
548,802 |
Stock | 7,123,450 | -- |
|
RS US |
Reliance Steel & Aluminum Co | 4.39 |
BBG000CJ2181 |
23,854 |
Stock | 7,075,573 | -- |
|
PKX US |
Posco Holdings Inc | 4.31 |
BBG000BCBSD2 |
133,809 |
Stock | 6,951,378 | -- |
|
WS US |
Worthington Steel Inc | 4.18 |
BBG01JPM5032 |
187,242 |
Stock | 6,746,329 | -- |
|
TX US |
Ternium Sa | 4.14 |
BBG000LTPD97 |
174,779 |
Stock | 6,681,801 | -- |
|
ROCK US |
Gibraltar Industries Inc | 3.33 |
BBG000BKQDQ7 |
105,035 |
Stock | 5,369,389 | -- |
|
SID US |
Cia Siderurgica Nacional Sa | 3.19 |
BBG000JM98S3 |
2,908,525 |
Stock | 5,148,089 | -- |
|
RYI US |
Ryerson Holding Corp | 1.21 |
BBG000Q7V224 |
75,530 |
Stock | 1,954,716 | -- |
|
TMST US |
Timkensteel Corp | 1.14 |
BBG0057SF1Z2 |
98,105 |
Stock | 1,836,526 | -- |
|
SXC US |
Suncoke Energy Inc | 0.88 |
BBG000R1YXQ9 |
198,596 |
Stock | 1,423,933 | -- |
|
ZEUS US |
Olympic Steel Inc | 0.72 |
BBG000BBFT75 |
26,266 |
Stock | 1,157,805 | -- |
|
ASTL US |
Algoma Steel Group Inc | 0.68 |
BBG012NKXTD0 |
246,137 |
Stock | 1,090,387 | -- |
|
2015 TT |
Feng Hsin Steel Co Ltd | 0.31 |
BBG000BJR8N3 |
249,000 |
Stock | 493,272 | -- |
|
2002 TT |
China Steel Corp | 0.23 |
BBG000BDBXZ5 |
629,000 |
Stock | 364,509 | -- |
|
FMG AU |
Fortescue Metals Group Ltd | 0.13 |
BBG000J47TP2 |
13,476 |
Stock | 202,790 | -- |
|
8078 JP |
Hanwa Co Ltd | 0.13 |
BBG000BBLFX9 |
4,500 |
Stock | 202,658 | -- |
|
RIO AU |
Rio Tinto Ltd | 0.11 |
BBG000BYLWT7 |
1,879 |
Stock | 178,699 | -- |
|
5401 JP |
Nippon Steel Corp | 0.09 |
BBG000BG9X54 |
35,400 |
Stock | 137,113 | -- |
|
5411 JP |
Jfe Holdings Inc | 0.07 |
BBG000BQWB27 |
8,400 |
Stock | 106,368 | -- |
|
MIN AU |
Mineral Resources Ltd | 0.04 |
BBG000M2YPN2 |
1,905 |
Stock | 66,891 | -- |
|
SSABB SS |
Ssab Ab | 0.04 |
BBG000BGD8Q1 |
8,640 |
Stock | 65,128 | -- |
|
BSL AU |
Bluescope Steel Ltd | 0.04 |
BBG000KPMQF3 |
3,976 |
Stock | 63,312 | -- |
|
2027 TT |
Ta Chen Stainless Pipe | 0.02 |
BBG000HK7WR9 |
34,000 |
Stock | 38,678 | -- |
|
ACX SM |
Acerinox Sa | 0.02 |
BBG000BB7ZC4 |
2,651 |
Stock | 37,134 | -- |
|
EREGL TI |
Eregli Demir Ve Celik Fabrikalari Tas | 0.02 |
BBG000BVCBJ0 |
49,610 |
Stock | 28,536 | -- |
|
5444 JP |
Yamato Kogyo Co Ltd | 0.02 |
BBG000BD7BW1 |
400 |
Stock | 27,225 | -- |
|
OUT1V FH |
Outokumpu Oyj | 0.02 |
BBG000BQ5Z60 |
5,364 |
Stock | 27,181 | -- |
|
5463 JP |
Maruichi Steel Tube Ltd | 0.02 |
BBG000BL7191 |
2,800 |
Stock | 25,883 | -- |
|
APAM NA |
Aperam Sa | 0.02 |
BBG001D93XQ9 |
622 |
Stock | 25,218 | -- |
|
RUS CN |
Russel Metals Inc | 0.01 |
BBG000DPZC04 |
749 |
Stock | 23,792 | -- |
|
SGM AU |
Sims Ltd | 0.01 |
BBG000BSRGJ0 |
1,890 |
Stock | 22,542 | -- |
|
004020 KS |
Hyundai Steel Co | 0.01 |
BBG000BCVFZ4 |
1,021 |
Stock | 21,110 | -- |
|
KIO SJ |
Kumba Iron Ore Ltd | 0.01 |
BBG000PPVK43 |
776 |
Stock | 16,021 | -- |
|
VSVS LN |
Vesuvius Plc | 0.01 |
BBG000BDBMW2 |
1,900 |
Stock | 10,042 | -- |
|
-USD CASH- |
0.21 |
-- |
342,319 |
Cash Bal | 342,319 | -- | |
|
-TWD CASH- |
0.12 |
-- |
6,246,439 |
Cash Bal | 197,989 | -- | |
|
-- |
Other/Cash | 0.09 |
-- |
0 |
Cash | 149,512 | -- |
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 12/18/2025
Annual
1.76%
2.45%
2.45%
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.