How large is SLX and what does it cost to hold?

SLX currently manages $149.71M in assets. The annual expense ratio (TER) is 0.56%, deducted directly from fund assets. Portfolio turnover stands at 107%, reflecting how frequently holdings are replaced within a year. Lower expense ratios compound favorably over time – a 0.08% TER on a 10-year holding period adds up to meaningfully less drag than a 0.5% fund.

What are the largest holdings in SLX?

SLX allocates 23.5% of its portfolio to Materials. The three largest holdings are RIO (8.3%), BHP (8.1%), VALE (7.4%). Concentration in the top holdings means single-name events in these positions can have an outsized effect on the ETF's price.

Does SLX pay dividends or distributions?

SLX currently distributes a yield of 3.24%. ETF distributions are typically passed through from dividends and interest generated by the underlying holdings. The actual payout frequency depends on the fund structure – most sector ETFs distribute quarterly.

What is SLX's historical performance?

Reported performance for SLX: year-to-date 8.33%, 3-year cumulative 19.75%, 5-year cumulative 16.62%. Past performance is not indicative of future results. Returns reflect price changes only and may differ from total return figures that include distributions.

What is the current trend signal for SLX?

As of the most recent session, SLX closed at $102.43. The swing trend is negative with ADX at 43.8 (strong trend strength). Momentum is bearish and has been running for 18 trading days. A Golden Cross is in place All data is updated once per trading day after the US market closes.

When was the last Trendchange signal for SLX?

The most recent Trendchange signal for SLX fired on 03.08.26 at $105.59. The position has been open for 20 trading days. Performance after 10 days: +2.24%. The system's historical edge across 69 tracked signals is +19.17%. Trendchange signals are based on proprietary moving average crossover logic applied to end-of-day price data.

SLX – VanEck Steel ETF

ETF

Natural Resources | Inception: 2006-10-10

Quick Stats

Trend Signal

$102.43

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

+19.17%

Signal Edge

Moderate edge across 1 signals – signal performs above random, not exceptional

43.8

Trend Strength (ADX)

Strong trend – directional signals reliable

Last Trendchange Signal

03.08.26

Date

Signal entry date

$105.59

Entry Price

Closing price at signal date

20d

Days Held

Trading days since signal

+2.24%

+10d

Return after 10 trading days

+1.05%

+20d

Return after 20 trading days

+1.05%

+30d

Return after 30 trading days

+1.05%

+60d

Return after 60 trading days

Trend Overview

Mixed Signals – Caution Composite Score: +2 / 7

SLX shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

SLX Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $102.43 · ATR14: $1.65

Mixed Signals – Caution Composite Score: +2 / 7

SLX shows mixed signals. Some trend indicators are positive, others are neutral or deteriorating. The picture is not clear enough to lean heavily in either direction with conviction.

What to watch

This is not an environment that rewards aggressive positioning. Reduced exposure or cash is a valid stance.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▼ Down · -18d	Strength: -0.29 – Rising
Trend Strength (ADX)	43.8 – Strong	ADX38: 18.6
Volatility (HV30)	19.9% – Calm	HV90: 23.5% \| HV180: 25.5%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Mostly aligned (2/3)
EMA21 Distance	-1.54 ATR ↑	EMA21: $104.47
GD200 Extension	1.1 ATR – Normal	GD20: -1.6 \| GD50: -2.7 \| GD100: -1.9

📉 Downside Momentum Intensifying

Downward momentum active for -18 days and still building (-0.29). Selling pressure is not easing.

💪 Trend Strength – ADX14: 43.8 (Strong)

A strong and well-defined trend. ADX38: 18.6. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 19.9% | HV90: 23.5% | HV180: 25.5%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $107.14 above GD200 $100.57 by 6.53%. Long-term structure is bullish. MA stack: Mostly aligned (2/3).

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($104.47) with -1.54 ATR distance and growing.

📐 Key Price Levels & ATR Distance

GD20: $105.25 (-1.6 ATR) | GD50: $107.14 (-2.7 ATR) | GD100: $105.69 (-1.9 ATR) | GD200: $100.57 (1.1 ATR). ATR14: $1.65.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-15.12	2.63	12.79	-8.97	-9.58	-3.65	12.26	-7.75	5.21	0.20	-0.05	10.32	14.61
2011	-1.27	-1.61	3.34	-0.69	-4.73	2.07	-6.82	-13.77	-21.51	28.90	0.44	-4.40	-34.05
2012	9.83	-3.48	-4.45	-4.45	-19.78	8.80	-3.55	-2.66	6.21	0.11	-3.68	13.74	-1.00
2013	-3.29	-8.01	-2.85	-1.29	-2.96	-7.32	6.05	1.16	5.23	5.98	-0.83	6.56	0.49
2014	-7.42	4.01	4.72	-1.71	0.26	3.70	1.63	0.71	-7.93	-1.14	-6.67	-5.27	-24.90
2015	-9.80	5.44	-7.33	14.14	-7.52	-7.17	-11.10	-4.66	-11.49	9.89	-8.35	-8.68	-41.27
2016	-8.09	11.25	23.78	17.10	-15.87	10.53	13.47	-5.74	3.70	6.80	21.02	-3.43	99.21
2017	6.09	2.96	-8.79	-5.09	-4.27	5.04	5.29	5.09	-3.23	-0.71	-0.83	11.06	20.82
2018	3.55	-0.75	-8.02	7.15	0.00	-6.94	6.60	-6.80	7.21	-7.50	-8.08	-10.58	-22.46
2019	T 12.43	2.28	-0.56	-6.69	-6.80	T 9.07	-5.48	-9.78	T 6.81	T 3.08	2.13	4.43	9.86
2020	-11.84	-13.08	-27.41	T 13.15	13.29	4.06	T 5.37	5.36	-1.86	T 2.67	22.01	9.54	19.62
2021	-5.16	T 8.85	10.11	6.57	4.40	-5.37	T 5.10	-2.58	-11.86	1.36	-7.87	T 10.19	25.01
2022	-1.60	T 9.58	11.92	-9.93	2.35	T -21.24	9.72	T -0.88	-6.92	T 4.75	29.52	-7.29	21.85
2023	19.41	-4.14	-6.50	-4.80	-7.62	T 12.76	9.02	-3.44	-4.24	-2.92	T 10.37	3.55	29.53
2024	-4.98	T 1.39	2.40	-5.21	T 2.86	-6.05	T 5.14	-1.35	T 11.18	-4.88	T 5.79	-18.17	-19.98
2025	4.80	T 3.05	T 0.29	T -2.28	2.19	3.78	1.31	T 6.16	T 3.69	7.03	2.43	4.65	46.01
2026	8.80	6.38	-8.68	T 10.94	7.16	-11.84	8.90	T 2.29	-5.61	0.61			18.54

T A T badge marks a Trendchange signal in that month. Hover for entry price.

SLX - Trendchange Chart

Trendchange Signal History

The last 10 Trendchange signals for SLX:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
03.08.26	$105.59	20d	+2.24%	+1.05%	+1.05%	+1.05%
08.04.26	$97.89	46d	+2.95%	+6.98%	+8.01%	+8.01%
05.09.25	$72.19	31d	+0.24%	+2.52%	+2.22%	+7.22%
28.08.25	$71.38	1d	-0.4%	+0%	+0%	+0%
28.04.25	$60.60	18d	+1.37%	+2.61%	+3.43%	+3.43%
19.03.25	$64.80	3d	-5.09%	-5.09%	-5.09%	+0%
10.02.25	$63.42	6d	-0.63%	-1.7%	-1.7%	+0%
26.11.24	$70.62	16d	-0.59%	-0.59%	-0.59%	-0.59%
06.11.24	$73.51	4d	-7.35%	-7.35%	+0%	+0%
24.09.24	$69.15	9d	+1.32%	-0.27%	-0.27%	+0%

Signal Statistics - Historical Edge

Calculated edge for SLX: 19.17%

Range	N	10d	20d	30d	60d	Signal
>20%	1	+20.22%	+32.96%	+35.56%	+47.48%	Hold
10-15%	3	+11.36%	+8.98%	+11.08%	+17.29%	Hold
5-7%	7	+6.14%	+7.25%	+7.12%	+6.48%	Close
3-5%	8	+3.97%	+3.1%	+3.3%	+3.48%	Close
1-3%	11	+1.81%	+5.94%	+8.7%	+8.09%	Close
0-1%	7	+0.58%	+3.93%	+2.95%	+3.55%	Close
-1-0%	9	-0.57%	-1.6%	-1.6%	-0.45%	Neg
-3-1%	8	-2.07%	-0.62%	-0.67%	+2.26%	Neg
-5-3%	5	-3.51%	-1.49%	+3.52%	+1.98%	Neg
-7-5%	6	-5.94%	-5.99%	-5.99%	-2.76%	Neg
-10-7%	3	-8.5%	-8.5%	-6.05%	-6.05%	Neg
<-10%	1	-17.92%	-17.92%	-17.92%	+0%	Neg

Exit Rules: Stoploss: -10% | Close if below 7% after 10 days

📊

No Options Data Available

Options flow data for SLX is not yet tracked. Check back after the next market session.

About VanEck Steel ETF

The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The steel index is a modified market-capitalization weighted, float-adjusted index comprised of publicly traded companies primarily involved in mining and processing of iron ore, the production, processing, fabrication and recycling of steel products, the operation of steel production facilities and related services, and/or recycling of steel products. The fund is non-diversified.

Fund Overview

Metric	Value
Assets under Management	$149.71 M
Expense Ratio	0.56%
Dividend Yield	3.24%
Portfolio Turnover	107%
YTD Return	8.33%
3-Year Return	19.75%
5-Year Return	16.62%

Sector Allocation

Sector	Weight
Materials	23.5%
Information Technology	5.6%
Energy	4.1%
Industrials	2.6%

Top 10 Holdings

Symbol	Company	Weight
RIO	RIO TINTO PLC ADR	8.27%
BHP	BHP GROUP LTD ADR	8.09%
VALE	VALE SA ADR	7.4%
NUE	NUCOR CORP	6.02%
MT	ARCELORMITTAL SA DEPOSITORY RECEIPT	4.68%
RS	RELIANCE INC	4.53%
PKX	POSCO HOLDINGS INC ADR	4.51%
STLD	STEEL DYNAMICS INC	4.48%
TS	TENARIS SA ADR	4.07%
CMC	COMMERCIAL METALS CO	1.83%

Frequently Asked Questions – VanEck Steel ETF (SLX)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.