VanEck Steel ETF (SLX) is a industrials and materials ETF. As of October 9, 2026, ETF Copilot scores SLX 4.6 out of 10 — highest on Return (8.6), lowest on Value (0.9). It trades at 16.8 times earnings, against its own median of 10.6. Its ten largest holdings are 57% of the fund.
What stands out in SLX's data
Global steel industry stocks, from miners to manufacturers.
Priced well below the typical materials fund — you pay less for each dollar of earnings.
Its trailing P/E multiple of 16.8x is below the category median of 22.6x, and the fund holds 39 stocks.
A cyclical bet on steel producers worldwide, with sharp drawdowns as the trade-off.
How is SLX rated? ETF Copilot scores VanEck Steel ETF (SLX) 4.6 out of 10
As of October 9, 2026, ETF Copilot scores VanEck Steel ETF (SLX) 4.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.6 / 10
- Growth: 6.8 / 10
- Value: 0.9 / 10
- Risk: 2.0 / 10
- Quality: 1.6 / 10
- Return: 8.6 / 10
Is SLX expensive right now? It trades at 16.8 times earnings, against its own median of 10.6
As of October 9, 2026, SLX is more expensive than 87% of its own last 9 years.
Trailing 12 months, built from SLX's holdings. How we calculate this →
What's inside SLX?
What's inside SLX: Size (Large 47%, Mid 41%, Small 12%); Geography (International 79%, US 22%).
What are SLX's top holdings? The ten largest are 57% of the fund
BHP, Rio Tinto, Nucor, Vale, Steel Dynamics, Arcelormittal, Reliance Steel & Aluminum, Nippon Steel and Posco are SLX's largest holdings, in that order.
More concentrated than 55% of Industrials & Materials ETFs.
Half of SLX's weight sits in its 9 largest positions, and once those weights are taken into account it behaves like 23 equally weighted holdings.
What is SLX's expense ratio? 0.55% a year
As of October 9, 2026, SLX charges 0.55% a year, yields 1.27% and holds $157M in assets across 39 positions.
| Measure | SLX |
|---|---|
| Expense ratio | 0.55% |
| Dividend yield | 1.27% |
| Assets under management | $157M |
| Holdings | 39 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “VanEck Steel ETF (SLX) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/slx
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