ETF·NYSE
VanEck Steel ETF (SLX)
- Net assets
- $160.85M
- Expense ratio
- 0.55%
- Yield
- 1.28%
- 52-week range
- $75.35 $114.00
SLX ETF forecast today
Where SLX stands today, and what CleaRank Financial AI makes of it.
SLX at a glance
VanEck Steel ETF (SLX): Hold, 54/100 on CleaRank's AI score.
- Trend Down: the price is below both its 50- and 200-day moving averages ($105.48 and $101.67).
- Fund Expense ratio 0.55%, $160.9M in net assets, price up 28.7% over 1 year.
Figures as of October 27, 2026.
CleaRank Financial AI
VanEck Steel ETF (SLX) earns a CleaRank rating of Hold with a model score of 54/100.
The biggest push up comes from one-year performance, as the price gained 28.67% over the past year. The biggest drag comes from momentum, since the MACD line is negative. The trend points down: SLX is 3.73% below its 50-day average of $105.48 and 0.12% below its 200-day average of $101.67.
Only on CleaRank
Figures we compute ourselves from SLX's own price history. Tap one to see it in context.
SLX ETF price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
2/4Price above its 50-day average ›
The price of $101.55 is 3.7% below the 50-day simple moving average of $105.48.Price above its 200-day average ›
The price is 0.1% below the 200-day simple moving average of $101.67.50-day average above the 200-day ›
The 50-day average ($105.48) is 3.7% above the 200-day average ($101.67), the arrangement of a rising longer-term trend.In the upper half of its 52-week range ›
The price sits at 68% of its 52-week range, between $75.35 and $114.00.
SLX share price
Pick a period: each tab shows how far SLX has moved over it, to the last close.
Today's trading
Where SLX sits inside today's range and its 52-week range.
SLX fund facts and valuation
What the fund holds, what it costs and how it is valued.
Fund checks
2/5Expense ratio at or below 0.20% ›
The fund charges 0.55% a year, $55.00 on a $10,000 holding.Over $1B in net assets ›
Net assets total $160.9M.No sector above 35% of the fund ›
The largest sector, Basic Materials, makes up 92.3% of the fund.Pays a distribution ›
The distribution yield is 1.28%.Price up over one year ›
The price rose 28.67% over the past year.
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.
Sector weights
Total returns, as the fund family reports them
| Period | SLX |
|---|---|
| YTD | 20.84% |
| 1 month | -5.36% |
| 3 months | 3.69% |
| 1 year | 43.44% |
| 3 years | 19.21% |
| 5 years | 17.78% |
| 10 years | 16.65% |
As of Oct 27, 2026, SLX has an expense ratio of 0.55%, $160.85M in net assets and a distribution yield of 1.28%.
Fund reference data as of Oct 27, 2026. Expense ratio and net assets are reported by the fund. The trailing returns are the fund family's own month-end total returns, with distributions included, so they can differ from the price changes elsewhere on this page.
Key statistics
The headline figures for SLX.
What the numbers say
CleaRank Financial AI's reading of SLX's holdings, performance and risks.
Basic Materials leads VanEck Steel ETF (SLX), accounting for 92.3% of the fund. Industrials follows at 3.9%, then Energy at 3.8%. With nearly the entire fund in one sector, SLX tends to move in step with that sector. SLX is a Natural Resources fund run by VanEck and was launched on October 10, 2006.
Each year the fund charges an expense ratio of 0.55%, equal to $55.00 on a $10,000 holding. Total net assets come to $160.9M. Distribution yield stands at 1.28%, and the portfolio turns over at a rate of 107%.
Day-to-day volatility is the first thing to plan around: SLX has moved 1.27% on an average session. Concentration matters here: Basic Materials makes up 92.3% of the fund, so a setback in that sector would weigh on the whole. The downtrend is itself a risk for as long as the price stays under both moving averages.
SLX AI analysis and technical indicators
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
1/3RSI not overbought or oversold ›
The 14-day RSI is 43.8, in neutral territory.RSI above 50 ›
An RSI of 43.8 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is negative, so the 12-day average is below the 26-day average.
CleaRank Financial AI analysis of SLX
The score, the reasoning behind it, and what could move the price next.
VanEck Steel ETF (SLX) changes hands at $101.55 and sits under both of its main moving averages. The price is 3.73% below the 50-day average of $105.48 and 0.12% below the 200-day average of $101.67. Within its 52-week range, running from $75.35 to $114.00, the price stands at 68%.
The latest pullback sits within a longer record that is stronger. Over the past month the price slipped 3.10%, and over the past three months it dropped 2.74%, yet across the past year it climbed 28.67%. In the last session the price gained 2.04% on volume that was 40.4% below its average. The 14-day RSI sits at 43.8, which is neutral territory, while the MACD line is negative.
- Two levels deserve the closest attention: the 200-day SMA at $101.67, which sits just above the price, and the 52-week low at $75.35, which sits below it.
- The 14-day RSI reads 43.8, in the neutral zone, with the MACD line negative; readings above 70 or below 30 mark stretched momentum.
- Fees add up over time. With an expense ratio of 0.55%, SLX takes $55.00 each year from every $10,000 invested.
SLX stays in a downtrend for as long as it trades under both its 50-day average of $105.48 and its 200-day average of $101.67. A close back above the 200-day would mark the first sign of repair. Overhead, the 200-day SMA at $101.67 is the first barrier a rally would have to clear.
For VanEck Steel ETF (SLX), the next level down is the 52-week low at $75.35.
Technical indicators
Momentum and trend for SLX, from its daily closes.
As of October 27, 2026, with SLX at $101.55, its 14-day RSI is 43.8 (neutral territory), its 50-day simple moving average is $105.48 and its 200-day is $101.67.
Calculated by CleaRank on daily closes as of October 27, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26). How we calculate these
What SLX moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 27, 2026, SLX's 1-year correlation of daily returns is +0.69 with S&P 500 (SPY), +0.63 with Nasdaq 100 (QQQ), +0.30 with Bitcoin (BTC) and +0.38 with gold (XAU).
SLX trade plan: entry, stop loss and targets
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
SLX trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Entry Strategies pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from SLX's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much SLX tends to move, against the market and on its own.
SLX price history and drawdowns
SLX's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
3/4Average daily move under 2% ›
The price has moved 1.27% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 57.3%, from May 2018 to March 2020, regained by January 2021.Most 1-year holds ended higher ›
67% of 1-year holding periods in the last 10 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in October 2016 is now worth $42,000, against $42,015 in the S&P 500 (SPY).
SLX Drawdowns & Recovery
As of October 27, 2026, SLX's worst peak-to-trough fall over the last 10 years with dividends reinvested was -57.3% (May 2018 to March 2020); it regained that peak by January 2021, 10 months after the low, and 67% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into SLX in October 2016 is worth now, against the same amount in the S&P 500.
Against the market: SLX trailed the S&P 500 over this period: $42,000 against $42,015.
A $10,000 investment in SLX in October 2016 would be worth about $42,000 today with dividends reinvested, compared with about $42,015 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to SLX, and which have not.
Strongest month, November: an average of +5.97%, up in 6 of 10 years.
Weakest month, March: an average of -3.54%, up in 3 of 10 years.
This month, October: has averaged +2.02%, up in 6 of 9 years. Past seasonality does not repeat on schedule.
Over the last 10 years, SLX's strongest calendar month has been November (average +5.97%, up in 6 of 10 years) and its weakest March (average -3.54%, up in 3 of 10 years).
Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.
SLX price prediction 2030
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in SLX, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 4-year Monte Carlo simulation, based on 10 years of price history, projects that a $10,000 investment in SLX today could grow to about $13,769 by 2030 in the base case, with a 90th-percentile outcome near $30,397 and a 10th-percentile outcome around $6,237. The simulation models price only; at today's 1.28% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
SLX 2030 Scenarios (Monte Carlo)
The same simulation in prices, year by year.
CleaRank's simulation projects a price near $140 for SLX by 2030 in the base case, from $102 today (1.4x over 4 years). The 10th-percentile path ends near $63.34. 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 | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $74.03 | $110 | $163 | |
| 2028 | $68.07 | $119 | $209 | |
| 2029 | $65.01 | $129 | $256 | |
| 2030 | $63.34 | $140 | $309 |
Method: a lognormal simulation of SLX's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. How the simulation works
SLX ETF forecast: questions people ask
Answered from the figures on this page, as of October 27, 2026.