SLX vs. ABEQ ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to Absolute Core Strategy ETF (ABEQ)
SLX
Market Vectors Steel Index ETF Fund
SLX Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the steel industry. Such companies may include medium-capitalization companies and foreign issuers. The fund may also utilize convertible securities and participation notes to seek performance that corresponds to the Steel Index. It is non-diversified.
Grade (RS Rating)
Last Trade
$66.69
Average Daily Volume
10,036
25
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.89
Average Daily Volume
4,958
15
Performance
| Period | SLX | ABEQ |
|---|---|---|
| 30 Days | -6.49% | -2.35% |
| 60 Days | -5.00% | -0.32% |
| 90 Days | -7.50% | -1.17% |
| 12 Months | 7.33% | 7.53% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in ABEQ | Overlap |
|---|
SLX Overweight 25 Positions Relative to ABEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | C | 11.4% | |
| VALE | F | 7.79% | |
| CRS | B | 7.51% | |
| NUE | D | 5.73% | |
| HCC | A | 5.39% | |
| ATI | D | 5.32% | |
| STLD | C | 4.7% | |
| CMC | C | 4.66% | |
| RS | D | 4.58% | |
| MT | D | 4.51% | |
| X | C | 4.47% | |
| GGB | D | 4.45% | |
| TX | D | 4.35% | |
| PKX | F | 4.17% | |
| TS | D | 4.08% | |
| CLF | D | 3.53% | |
| SID | F | 3.53% | |
| ROCK | F | 2.25% | |
| WS | C | 1.7% | |
| RDUS | F | 0.88% | |
| SXC | C | 0.88% | |
| USAP | D | 0.85% | |
| ASTL | F | 0.78% | |
| RYI | F | 0.74% | |
| ZEUS | F | 0.55% |
SLX: Top Represented Industries & Keywords
ABEQ: Top Represented Industries & Keywords
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