Do REMX and SLX hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, REMX or SLX?

REMX has 9% of its weight in S&P 500 names and SLX has 14%, so REMX differs more from the index.

Which is cheaper, REMX or SLX?

REMX charges 0.53% a year and SLX charges 0.55%, so REMX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

REMX vs SLX: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, REMX returned −17.8% to SLX's +32.9%; 0% of their weight is in the same names.

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Net assets on Nov 3, 2026: $1.4bn for VanEck Rare Earth and Strategic Metals ETF and $150m for VanEck Steel ETF.

REMX on its own →SLX on its own →

At a glance

8.7%

REMX in the S&P 500

13.5%

SLX in the S&P 500

−17.8%

REMX total return, 1 year

+32.9%

SLX total return, 1 year

REMX · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500

9% of REMX's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 2, 2026.

SLX · 1 year to Nov 4, 2026 87% of its weight is outside the S&P 500

14% of SLX's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

REMX costs 0.02 points a year less; their one-year returns differ by 50.7 points; REMX is 9.3 times larger.

Points (pts) are percentage points.

REMX vs SLX: Holdings Overlap & Returns
Measure	REMX	SLX
Return
Measure	REMX	SLX
Total return, 1 year	−17.8%	+32.9%
Drawdown
Measure	REMX	SLX
Below its all-time high	76.3%, high on Apr 11, 2011	12.2%, high on Jun 2, 2026
Against its benchmark
Measure	REMX	SLX
What it tracks	Rare earth and critical materials	Miners and metals
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	behind by 32.8 pts	ahead by 17.9 pts
Cost and size
Measure	REMX	SLX
Expense ratio	0.53%	0.55%
Net assets, as of Nov 3, 2026	$1.4bn	$150m
Holdings
Measure	REMX	SLX
Holdings in common	0%

Method

Risk and return

Nov 5, 2010 to Oct 30, 2026 · 834 weekly returns · each against ACWI

REMX SLX

Return

Total return edge SLX −69.1% +141.9%

Annualized edge SLX −7.1% +5.7%

Price return edge SLX −80.3% +44.4%

Risk

Volatility edge SLX 35.3% 30.9%

Max drawdown edge SLX −89.2% −75.5%

Downside capture 133.2% 129.3%

Beta 1.43 1.46

Risk-adjusted

Sharpe edge SLX −0.08 0.28

Sortino edge SLX −0.11 0.42

Treynor −0.019 0.059

Calmar edge SLX −0.08 0.08

Against the benchmark

Alpha −15.9% a year −4.8% a year

Alpha t-stat −2.35 −0.94

Information ratio −0.43 −0.03

Tracking error 27.8% 21.7%

Reading

From Nov 2010 to Oct 2026, SLX returned more: +141.9% to −69.1%. SLX swung less: 30.9% to 35.3%. SLX fell less at its worst: −75.5% to −89.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: REMX vs SLX: Holdings Overlap & Returns
Measure	REMX	SLX	ACWI	Edge	How it is measured
Return
Total return	−69.1%	+141.9%		SLX	Price change plus distributions, reinvested.
Annualized	−7.1%	+5.7%		SLX	Total return as a yearly rate.
Price return	−80.3%	+44.4%		SLX	Price change alone, distributions left out.
Risk
Volatility	35.3%	30.9%		SLX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	24.5%	20.9%		SLX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−89.2%	−75.5%		SLX	Deepest fall from a high to the low after it.
Upside capture	129.3%	166.0%	100.0%	SLX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	133.2%	129.3%	100.0%	SLX (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.43	1.46	1.00	REMX lower	How far it moves for each 1% its benchmark moves.
R squared	0.42	0.57	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	−0.08	0.28		SLX	Return above Treasury bills per unit of volatility.
Sortino	−0.11	0.42		SLX	Return above Treasury bills per unit of downside deviation.
Treynor	−0.019	0.059	0.092	SLX	Return above Treasury bills per unit of beta.
Calmar	−0.08	0.08		SLX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	−15.9% a year	−4.8% a year	0.0%	REMX significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−2.35	−0.94		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−29.1% to −2.6%	−14.8% to +5.2%		SLX's includes zero	The 95% range for the yearly alpha.
Information ratio	−0.43	−0.03		SLX	Return against its benchmark per unit of tracking error.
Tracking error	27.8%	21.7%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 834 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, REMX and SLX hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first REMX SLX

Only in one fund ↓

Only in REMX

Albemarle Corp 8.70%

Sociedad Quimica Y Minera De Chile Sa 8.64%

China Northern Rare Earth Group High-Te 7.69%

Mp Materials Corp 6.88%

Lynas Rare Earths Ltd 6.74%

Pilbara Minerals Ltd 5.36%

Jinduicheng Molybdenum Co Ltd 5.14%

Xiamen Tungsten Co Ltd 4.61%

Only in SLX

Nucor Corp 7.73%

Bhp Group Ltd 6.84%

Rio Tinto Plc 6.36%

Steel Dynamics Inc 5.77%

Reliance Steel & Aluminum Co 5.67%

Vale Sa 5.58%

Arcelormittal Sa 5.27%

Nippon Steel Corp 4.75%

Check overlap with more funds →

Window by window

Window by window: REMX vs SLX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	REMX	SLX	REMX	SLX
3 months	−28.6%	−9.3%	−27.3 pts vs ACWI	−8.0 pts vs ACWI
6 months	−52.6%	−8.1%	−55.2 pts vs ACWI	−10.7 pts vs ACWI
1 year	−17.8%	+32.9%	−32.8 pts vs ACWI	+17.9 pts vs ACWI
3 years	−9.2%	+64.3%	−86.8 pts vs ACWI	−13.3 pts vs ACWI
Since launchNot the same days: REMX Oct 2010 · SLX Oct 2006	−65.3%	+326.1%	−453.0 pts vs ACWI	not measured

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Side by side

REMX VanEck Rare Earth and Strategic Metals ETF · Holds 32 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companies SLX VanEck Steel ETF · Holds 39 stocks in miners and metals, 14% of its weight in S&P 500 companies

Issuer VanEck VanEck

Theme Rare earth and critical materials Miners and metals

In the S&P 500 8.7% 13.5%

Active share vs the S&P 500 100.0% 99.9%

In the Nasdaq-100 0.0% 0.0%

Holdings 32 39

Top ten, share of the fund 61.9% 56.6%

Expense ratio 0.53% 0.55%

Fee for the differing part 0.53% 0.55%

Total return, 1 year −17.8% +32.9%

vs its benchmark −32.8 pts vs ACWI +17.9 pts vs ACWI

Below its high −76.3% −12.2%

Net assets, as of Nov 3, 2026 $1.4bn $150m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

REMX

By weight, 9% of REMX'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 62% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −17.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 32.8 pts. It sits 76.3% below its all-time high of Apr 11, 2011.

SLX

By weight, 14% 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 57% of the fund across 39 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +32.9% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 17.9 pts. It sits 12.2% below its all-time high of Jun 2, 2026.

Questions people ask

Do REMX and SLX hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, REMX or SLX?: REMX has 9% of its weight in S&P 500 names and SLX has 14%, so REMX differs more from the index.
Which is cheaper, REMX or SLX?: REMX charges 0.53% a year and SLX charges 0.55%, so REMX is cheaper. Fees come from each fund's prospectus.

Other comparisons

REMX vs NIKL REMX vs GOAU REMX vs METL REMX vs XME SLX vs EART SLX vs FMTL SLX vs SETM SLX vs REXC

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →REMX on its own →SLX on its own →REMX dividend history →REMX holdings →SLX dividend history →SLX holdings →Method →Standards and sources →

Sources and dates

REMX and SLX filings on SEC EDGAR ↗

REMX and SLX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, REMX against SLX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/remx-vs-slx

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