SLX vs. AMID ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to Argent Mid Cap ETF (AMID)
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
$67.41
Average Daily Volume
9,175
26
AMID
Argent Mid Cap ETF
AMID Description
AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.Grade (RS Rating)
Last Trade
$34.74
Average Daily Volume
7,573
37
Performance
| Period | SLX | AMID |
|---|---|---|
| 30 Days | -4.06% | -1.11% |
| 60 Days | 1.22% | -0.43% |
| 90 Days | 2.93% | 5.40% |
| 12 Months | 6.24% | 36.76% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in AMID | Overlap |
|---|
SLX Overweight 26 Positions Relative to AMID
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | B | 10.13% | |
| VALE | F | 8.14% | |
| NUE | F | 6.27% | |
| STLD | A | 5.53% | |
| TS | A | 5.06% | |
| HCC | A | 5.02% | |
| RS | C | 4.95% | |
| CLF | C | 4.88% | |
| MT | B | 4.81% | |
| CRS | B | 4.7% | |
| CMC | A | 4.63% | |
| X | C | 4.4% | |
| TX | F | 4.36% | |
| ATI | F | 4.32% | |
| PKX | F | 4.2% | |
| SID | F | 3.99% | |
| GGB | F | 3.98% | |
| ROCK | D | 2.23% | |
| WS | A | 1.96% | |
| USAP | A | 1.32% | |
| ASTL | A | 1.14% | |
| ZEUS | F | 0.96% | |
| RYI | C | 0.8% | |
| SXC | A | 0.8% | |
| MTUS | F | 0.71% | |
| RDUS | F | 0.56% |
SLX Underweight 37 Positions Relative to AMID
| Symbol | Grade | Weight | |
|---|---|---|---|
| FICO | B | -6.35% | |
| CTAS | B | -3.69% | |
| CDW | F | -3.59% | |
| BLDR | F | -3.54% | |
| CPRT | D | -3.33% | |
| DHI | D | -3.28% | |
| HCA | D | -3.08% | |
| HLI | A | -3.02% | |
| FTNT | B | -2.96% | |
| IT | C | -2.86% | |
| MEDP | F | -2.76% | |
| VCTR | A | -2.72% | |
| BAH | A | -2.7% | |
| CBZ | B | -2.59% | |
| BLD | F | -2.59% | |
| MUSA | C | -2.46% | |
| URI | B | -2.41% | |
| ADUS | D | -2.31% | |
| A | D | -2.26% | |
| ICFI | B | -2.21% | |
| AFG | D | -2.21% | |
| CG | B | -2.06% | |
| LPLA | A | -1.91% | |
| TPX | F | -1.82% | |
| OMF | A | -1.79% | |
| AME | A | -1.78% | |
| SCI | A | -1.68% | |
| TTEK | B | -1.64% | |
| ENTG | D | -1.61% | |
| CHDN | B | -1.56% | |
| GDDY | A | -1.54% | |
| LNG | A | -1.53% | |
| PATK | F | -1.44% | |
| ABG | C | -1.42% | |
| MOH | D | -1.35% | |
| EXPO | D | -1.12% | |
| AX | B | -0.95% |
SLX: Top Represented Industries & Keywords
AMID: Top Represented Industries & Keywords
Compare ETFs
