# SLX (VanEck Steel ETF)

VanEck · Thematic ETFs · data as of Sep 11, 2026

SLX holds 39 stocks, and 88% of its weight is outside the S&P 500.

## Key facts

- SLX, already in the S&P 500: 11.6%, as of Sep 11, 2026.
- SLX, active share vs the S&P 500: 99.9%, as of Sep 11, 2026.
- SLX, top ten holdings: 58.3%, as of Sep 11, 2026.
- SLX, total return, 1 year: +53.3%, as of Sep 11, 2026.
- SLX, net assets: $170m (SEC filing, whole fund, as filed for Jun 30, 2026).
- SLX, expense ratio: 0.55% (485BPOS XBRL, Apr 29, 2026).

## SLX over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −1.7% | +3.3% | −5.0 pts | −0.9 pts |
| 6 months | +23.4% | +16.0% | +7.4 pts | +2.8 pts |
| 1 year | +53.3% | +17.5% | +35.8 pts | +30.3 pts |
| 3 years | +78.9% | +77.9% | +1.1 pts | −16.2 pts |
| Since launch | +184.2% | +804.4% | −620.1 pts | −1489.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Miners and metals | ETFIQ, editorial |
| Launched | Jan 4, 2010 | ETFIQ |
| Already in the S&P 500, by weight | 11.6% | ETFIQ |
| Active share vs the S&P 500 | 99.9% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 58.3% | ETFIQ |
| Holdings | 39 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | Bhp Group Ltd 7.4%, Rio Tinto Plc 7.1%, Vale Sa 7.0%, Nucor Corp 6.5%, Nippon Steel Corp 5.8%, Arcelormittal Sa 5.7%, Steel Dynamics Inc 5.2%, Rio Tinto Ltd 4.8%, Posco Holdings Inc 4.6%, Reliance Steel & Aluminum Co 4.4% | ETFIQ |
| Net assets | $170m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −4.0% | ETFIQ |
| Expense ratio | 0.55% | 485BPOS XBRL, Apr 29, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.55% | ETFIQ |
| Closest funds by holdings overlap | PICK 28%, XME 16%, IPAV 16%, ICOP 15% | ETFIQ |

## Questions

### How much of SLX is in S&P 500 companies?

By its holdings published by its issuer for Sep 10, 2026, 12% of SLX by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does SLX hold?

39 positions as published by its issuer for Sep 10, 2026, with the top ten at 58% of the fund. The largest are Bhp Group Ltd at 7.4%, Rio Tinto Plc at 7.1%, Vale Sa at 7.0%.

### Has SLX beaten the S&P 500?

Over the year to Sep 11, 2026 SLX returned +53.3% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 35.8 points.

### What does SLX cost?

The prospectus expense ratio is 0.55% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.55%.


## Cite this page

ETFIQ, SLX, data as of Sep 11, 2026. https://etfiq.com/funds/SLX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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