SLX Performance — VanEck Steel ETF
Data updated: 2026-08-26
SLX returned +16.53% year to date and +51.41% over one year to Jun 2026. Annualised returns are +18.59% over 3 years and +14.11% over 5 years. The fund beat its Global Materials Equity category average: $100 invested three years ago grew to $167, against $157 for the category, and to $151 over one year, against $151. Volatility over the past three years was 23.42% a year. In the 12 months to Jun 2026 the fund took in a net $54.3M, and assets reached $169.95M.
SLX Growth of $100
What $100 invested in VanEck Steel ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Materials Equity category average over the same months.
| Period | SLX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $151 | $151 |
| 3 years (Jul 2023 – Jun 2026) | $167 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $194 | $147 |
| Since data start (Jul 2019 – Jun 2026) | $320 | $254 |
SLX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.53% |
| 1 year | +51.41% |
| 3 years (annualised) | +18.59% |
| 5 years (annualised) | +14.11% |
SLX Annual Returns
Calendar-year total returns of VanEck Steel ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +16.53% |
| 2025 | +47.15% |
| 2024 | −17.93% |
| 2023 | +31.21% |
| 2022 | +13.89% |
| 2021 | +27.90% |
| 2020 | +20.34% |
| 2019 (Jul–Dec) | −1.17% |
SLX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.1% | +7.2% | −9.0% | +12.7% | +7.2% | −11.0% | — | — | — | — | — | — |
| 2025 | +4.2% | +2.2% | −1.4% | −1.8% | +2.6% | +7.2% | +3.0% | +4.2% | +2.0% | +9.3% | +2.3% | +6.2% |
| 2024 | −5.9% | +1.7% | +2.7% | −5.1% | +3.8% | −6.7% | +5.4% | −5.0% | +5.5% | −4.7% | +6.1% | −14.9% |
| 2023 | +17.7% | −2.8% | −3.4% | −4.6% | −8.7% | +15.1% | +10.4% | −4.6% | −3.0% | −4.3% | +11.8% | +8.4% |
| 2022 | −1.7% | +14.7% | +13.0% | −8.2% | +0.9% | −21.2% | +8.9% | −1.9% | −9.8% | +11.3% | +17.6% | −2.9% |
| 2021 | −2.9% | +12.0% | +14.9% | +6.3% | +6.7% | −1.9% | +4.5% | −3.4% | −11.7% | +2.0% | −7.7% | +9.8% |
| 2020 | −11.1% | −12.6% | −25.4% | +8.7% | +9.5% | +5.8% | +3.7% | +7.5% | +0.4% | +3.7% | +24.0% | +14.4% |
| 2019 | — | — | — | — | — | — | −4.9% | −12.5% | +4.0% | +1.7% | +6.4% | +5.5% |
SLX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 23.42%
- 3-year Sharpe ratio: 0.60 (vs 4.5% risk-free rate)
- Best month: +12.71% (Apr 2026)
- Worst month: −14.95% (Dec 2024)
SLX Fund Flows
Monthly money in and out of VanEck Steel ETF, from SEC Form N-PORT.
- 12-month net flow: $54.3M
- 12-month gross sales (incl. reinvestments): $179.8M
- Sales ÷ redemptions: 1.43×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $20.3M | $50.0M | −$29.7M |
| May 2026 | $51.5M | $0 | $51.5M |
| Apr 2026 | $0 | $8.5M | −$8.5M |
| Mar 2026 | $0 | $40.3M | −$40.3M |
| Feb 2026 | $11.6M | $3.0M | $8.6M |
| Jan 2026 | $8.3M | $0 | $8.3M |
| Dec 2025 | $31.3M | $2.1M | $29.1M |
| Nov 2025 | $7.8M | $7.7M | $75K |
| Oct 2025 | $24.5M | $1.8M | $22.7M |
| Sep 2025 | $9.0M | $1.8M | $7.2M |
| Aug 2025 | $0 | $10.3M | −$10.3M |
| Jul 2025 | $15.7M | $0 | $15.7M |
SLX Assets Under Management
Net assets of VanEck Steel ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $169.95M |
| 2026-03-31 | $149.71M |
| 2025-12-31 | $161.10M |
| 2025-09-30 | $90.67M |
| 2025-06-30 | $71.22M |
| 2025-03-31 | $75.20M |
| 2024-12-31 | $74.58M |
| 2024-09-30 | $89.81M |
| 2024-06-30 | $94.92M |
| 2024-03-31 | $112.43M |
| 2023-12-31 | $140.19M |
| 2023-09-30 | $120.99M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.