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As of September 11, 2026, VanEck Steel ETF (SLX) trades at $108.63. RSI at 65 is in neutral territory, and the price is above its 50-day average of $105.31.
VanEck Steel ETF (SLX)
VanEck Steel ETF NYSE
$108.63
-2.470 (-2.22%)
Latest Price
AI Analyst Consensus
75 / 100
The VanEck Steel ETF (SLX) offers concentrated exposure to the global steel industry, with 93.03% of its assets in Basic Materials. The fund's strategy, as outlined in its overview, is to track a steel-related index, investing in companies involved in steel production, iron ore extraction, and processing. This provides investors with a focused way to access the steel supply chain and its related industrial activities. Recent fund flows and sector rotation signals suggest a positive sentiment towards materials and industrial segments, aligning with SLX's sector focus.
SLX Price Analysis
Market Metrics
Open
$108.21
Day Range
$108.00 to $109.04
Prev Close
$111.10
Volume
8.5K
52-Week Range
$69.12 to $114.00
SLX Fund Facts
VanEck Steel ETF is an exchange-traded fund that provides focused exposure to the global steel industry. The fund seeks to track the performance of a steel-related index by investing in companies involved in steel production, iron ore extraction, processing, and related industrial activities. Its portfolio typically includes a mix of major steelmakers, mining companies, and materials businesses across developed and emerging markets.
Issuer
VanEck
Category
Natural Resources
Inception
Oct 10, 2006
Expense ratio
0.55%
Net assets
$173.22M
NAV
$110.98
Distribution yield
1.22%
YTD return
27.68%
Turnover
107.00%
Sector weights
Energy
3.5%
Industrials
3.5%
Basic Materials
93.0%
Trailing returns vs category
| Period | SLX | Category |
|---|---|---|
| YTD | 27.68% | 17.99% |
| 1 month | 2.71% | 5.51% |
| 3 months | -2.46% | 5.28% |
| 1 year | 54.63% | 68.30% |
| 3 years | 20.20% | 16.21% |
| 5 years | 16.16% | 11.05% |
| 10 years | 17.75% | 11.07% |
Fund reference data as of Sep 11, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
SLX Analysis
AI Technical Analysis
The VanEck Steel ETF (SLX) is currently trading above its 50-day Simple Moving Average (SMA) of $105.31 and its 200-day SMA of $98.41, indicating an uptrend. While the price is below its 20-day Exponential Moving Average (EMA) of $108.88, the Relative Strength Index (RSI) is at 64.72, which is classified as bullish momentum. The Commodity Channel Index (CCI) is at -46.21, suggesting a lack of significant overbought or oversold conditions. Support is found at the 50-day SMA, and resistance may be encountered near the 20-day EMA.
ProTips
- Consider SLX for targeted exposure to the steel industry, but be aware of its high concentration risk.
- Monitor global infrastructure spending and manufacturing output as key indicators for SLX's performance.
- Evaluate the broader economic outlook and commodity price trends before investing in steel-focused ETFs.
Market Outlook
The 6-12 month outlook for the VanEck Steel ETF (SLX) appears cautiously optimistic, supported by its current bullish technical momentum and the strategic importance of steel in global infrastructure projects. The fund's heavy allocation to Basic Materials positions it to benefit from any upswing in manufacturing and construction activity. However, potential headwinds include rising interest rates impacting construction demand and ongoing geopolitical tensions affecting global supply chains. A shift in the macro environment towards slower global growth could negatively impact demand for steel and thus SLX's performance.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.69
Moderate correlation
Nasdaq 100 (QQQ)
+0.63
Moderate correlation
Bitcoin (BTC)
+0.18
Weak correlation
Gold (XAU)
+0.36
Weak correlation
Check Custom Correlation
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Key Statistics
| Yield | 1.21% |
|---|---|
| Day High | $109.04 |
| Day Low | $108.00 |
| 52 Week High | 114.00 |
| 52 Week Low | 69.12 |
The VanEck Steel ETF (SLX) is heavily concentrated in the Basic Materials sector, holding 93.03% of its assets in this area, with smaller allocations to Energy and Industrials. This concentration highlights the fund's direct bet on the performance of steel-related companies. The overall health of the steel sector is influenced by global infrastructure spending, manufacturing output, and commodity prices. The macro environment, particularly industrial production trends and demand from key economies, will be critical drivers for SLX's underlying holdings. The fund's expense ratio is 0.55%, costing $5.50 per $10,000 invested, and it manages $173.22 million in net assets.
Earnings & Growth Analysis
Its underlying holdings in the steel sector are subject to earnings fluctuations. The most recent earnings report for a representative holding showed an EPS actual of $0.36 against an estimate of $0.42, a surprise of -14.29%, with a subsequent price change of 1.07%. This indicates that while individual company earnings can miss expectations, the market reaction can vary. Aggregate earnings trends for the steel sector, driven by demand and pricing power, will ultimately influence the ETF's performance.
Key Risks
The primary risk for the VanEck Steel ETF (SLX) is its high concentration in the Basic Materials sector, specifically the steel industry. This makes the fund susceptible to downturns in steel prices, reduced demand from key industries like construction and automotive, or adverse regulatory changes affecting steel production. Geopolitical events impacting global trade and commodity supply chains also pose a significant risk.
Technical Indicators
| RSI (14) | 64.72 |
|---|---|
| MACD | 1.16 |
| SMA 50 | 105.31 |
| SMA 200 | 98.41 |
RSI
Bullish
SMA Cross
Bullish
Price vs SMA
Bullish
MACD
Bullish
Golden Cross in effect with the 50-day SMA ($105.31) above the 200-day SMA ($98.41), price action is firmly bullish above key moving averages.
SLX Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
🟢 LONG ENTRY (click to switch)
CONSERVATIVE
$106.46
2% below current price (Pullback entry)
Lower risk, wait for pullback
AGGRESSIVE
$108.63
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$103.26
MAX LOSS
-3.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (64.7) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$111.78
+5% (Conservative)
+2.9% (Aggressive)
TARGET 2
$117.10
+10% (Conservative)
+7.8% (Aggressive)
TARGET 3
$122.43
+15% (Conservative)
+12.7% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
ETF Investment Disclaimer
This AI-generated analysis of SLX is for educational purposes only and does not constitute investment advice. ETFs are subject to market risk including possible loss of principal. Performance depends on the underlying index or assets tracked. Read the fund prospectus before investing. Past performance does not guarantee future results. Generated on September 11, 2026.Growth of $10,000
A $10,000 investment in SLX in September 2016 would be worth about $36,662 today, compared with about $35,030 for the same investment in the S&P 500 benchmark.
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Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in SLX today could grow to about $26,935 by 2036 in the base case, with a bull case near $94,653 and a bear case around $7,665. Projections are statistical simulations, not guarantees.
SLX ETF Price Prediction: 2030
CleaRank's simulation projects a price near $161 for SLX by 2030 in the base case, from $109 today (1.5x over 4 years). The downside path ends near $72.92. These are outcomes of a Monte Carlo simulation run on SLX's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $80.61 | $120 | $178 |
| 2028 | $75.49 | $132 | $232 |
| 2029 | $73.47 | $146 | $291 |
| 2030 | $72.92 | $161 | $358 |
| 2031 | $73.31 | $178 | $434 |
| 2032 | $74.36 | $197 | $521 |
| 2033 | $75.95 | $217 | $622 |
| 2034 | $77.99 | $240 | $739 |
| 2035 | $80.43 | $265 | $873 |
| 2036 | $83.26 | $293 | $1,028 |
Method: 10,000 simulated price paths using SLX's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
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Frequently Asked Questions
What is the expense ratio for the VanEck Steel ETF (SLX) and what does it cost?
The VanEck Steel ETF (SLX) has an expense ratio of 0.55%. This means that for every $10,000 invested, an investor would pay $5.50 annually in fees.
What sectors does the VanEck Steel ETF (SLX) hold, and how concentrated is it?
The VanEck Steel ETF (SLX) is heavily concentrated in the Basic Materials sector, which comprises 93.03% of its assets. It also holds smaller allocations in Energy (3.49%) and Industrials (3.48%).
What is the current distribution yield for the VanEck Steel ETF (SLX)?
The VanEck Steel ETF (SLX) currently has a distribution yield of 1.21%.
How has the VanEck Steel ETF (SLX) performed against its category over different timeframes?
In the year-to-date period, SLX returned 27.68% compared to the category's 17.99%. Over the past year, SLX returned 54.63% versus the category's 68.30%. Over three years, SLX returned 20.20% against the category's 16.21%, and over five years, it returned 16.16% compared to the category's 11.05%.
What are the key risks associated with investing in the VanEck Steel ETF (SLX)?
The main risks include concentration in the steel industry, which is subject to commodity price volatility and cyclical demand, as well as exposure to global trade policies and macroeconomic slowdowns affecting industrial output.
What is the long-term outlook for the VanEck Steel ETF (SLX) based on statistical simulations?
Based on Monte Carlo simulations for the year 2030, the base case price projection for SLX is $161.46, with a downside price of $72.92 and an upside price of $357.51. These are statistical outcomes, not price targets.
How does the VanEck Steel ETF (SLX) fit into broader sector and macro trends?
SLX's focus on steel aligns with trends in global infrastructure development and manufacturing activity. Its performance is closely tied to the health of these sectors and broader economic growth, making it sensitive to macroeconomic shifts and commodity cycles.