Data as of .
PICK vs SLX: which is really different?
PICK and SLX hold 29% of their weight in the same names, and PICK returned more over the year.
ETFIQ Off-Index Score: SLX scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
29% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PICK and SLX hold 29% of their money in the same securities at the same weight.
| Holding | PICK | SLX |
|---|---|---|
| BHP GROUP LTD | 13.44% | 7.05% |
| RIO TINTO PLC | 6.27% | 7.08% |
| NUCOR | 3.36% | 6.55% |
| RIO TINTO LTD | 2.69% | 4.74% |
| STEEL DYNAMICS INC | 1.96% | 5.12% |
| ARCELORMITTAL SA | 1.88% | 5.91% |
| RELIANCE STEEL & ALUMINUM | 1.21% | 4.66% |
| CLEVELAND CLIFFS INC | 0.43% | 2.02% |
| COMMERCIAL METALS | 0.43% | 1.97% |
| CHINA STEEL CORP | 0.42% | 2.89% |
| VOESTALPINE AG | 0.34% | 2.30% |
| APERAM SA | 0.14% | 0.88% |
| Only in PICK | Only in SLX |
|---|---|
| FREEPORT MCMORAN INC 6.26% | Vale Sa 6.74% |
| GLENCORE PLC 4.26% | Nippon Steel Corp 4.72% |
| ANGLO AMERICAN PLC 3.41% | Posco Holdings Inc 4.39% |
| CIA VALE DO RIO DOCE SH 3.17% | Fortescue Metals Group Ltd 4.38% |
| GRUPO MEXICO B 2.19% | Tenaris Sa 3.75% |
| TECK RESOURCES SUBORDINATE VOTING 1.83% | Jfe Holdings Inc 2.62% |
| ZIJIN MINING GROUP LTD H 1.59% | Ssab Ab 2.58% |
| VALTERRA PLATINUM LTD 1.40% | Bluescope Steel Ltd 2.36% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PICK | SLX | PICK | SLX | PICK | SLX | |
| 3 months | −1.8% | +0.7% | −4.0 pts | −1.6 pts | +0.7 pts | +3.2 pts |
| 6 months | +20.2% | +23.8% | +2.2 pts | +5.8 pts | −4.0 pts | −0.5 pts |
| 1 year | +49.6% | +48.9% | +33.1 pts | +32.3 pts | +27.9 pts | +27.1 pts |
| 3 years | +67.1% | +72.2% | −11.3 pts | −6.2 pts | −31.1 pts | −25.9 pts |
| Since launch | +114.0% | +176.7% | −527.4 pts | −626.8 pts | −1122.5 pts | −1513.5 pts |
| PICK iShares MSCI Global Metals & Mining Producers ETF Holds 279 stocks in miners and metals, 12% of its weight in S&P 500 companies | SLX VanEck Steel ETF Holds 39 stocks in miners and metals, 12% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | VanEck |
| Theme | Miners and metals | Miners and metals |
| In the S&P 500 | 11.8% | 12.1% |
| Active share vs the S&P 500 | 99.7% | 99.9% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 279 | 39 |
| Top ten, share of the fund | 47.2% | 58.2% |
| Expense ratio | 0.39% | 0.55% |
| Fee for the differing part | 0.39% | 0.55% |
| Total return, 1 year | +49.6% | +48.9% |
| vs the S&P 500 | +33.1 pts | +32.3 pts |
| vs the Nasdaq-100 | +27.9 pts | +27.1 pts |
| Below its high | −9.6% | −6.6% |
| Net assets | $2.5bn | $167m |
PICK in plain words
By weight, 12% of PICK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 47% of the fund across 279 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +49.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.1 pts. It sits 9.6% below its all-time high of Jun 2, 2026.
SLX in plain words
By weight, 12% of SLX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 58% of the fund across 39 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +48.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 32.3 pts. It sits 6.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do PICK and SLX hold the same stocks?
- By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, PICK or SLX?
- PICK has 12% of its weight in S&P 500 names and SLX has 12%, so SLX differs more from the index.
- Which is cheaper, PICK or SLX?
- PICK charges 0.39% a year and SLX charges 0.55%, so PICK is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PICK against SLX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/pick-vs-slx Free to use with attribution; the underlying files are at Open data.