SLX vs. COPP ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to Sprott Copper Miners ETF (COPP)
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
$67.89
Average Daily Volume
10,290
25
COPP
Sprott Copper Miners ETF
COPP Description
COPP aims to replicate an index comprised of 30 to 50 constituents with a significant portion of their revenue derived from copper mining, exploration, development, and production activities. Eligible securities must meet specific criteria, including minimum free float market capitalization and an Average Daily Traded Value threshold. Companies then undergo a selection process involving industry publications, research, and engagements with company management. Securities are weighted based on free float market capitalization, with excess weight redistributed among other constituents, ensuring portfolio diversification and preventing undue influence by individual companies. The index includes securities from domestic and international issuers, covering emerging and frontier markets, with notable representation from Canadian, Chilean, and Australian issuers. Reconstitution and rebalancing occur semi-annually, with deletions possible at any time due to corporate actions. COPP may also invest in publicly traded closed-ended trusts within the index's purview.Grade (RS Rating)
Last Trade
$26.21
Average Daily Volume
37,239
3
Performance
| Period | SLX | COPP |
|---|---|---|
| 30 Days | -4.26% | -0.42% |
| 60 Days | -4.41% | 2.66% |
| 90 Days | -5.64% | 7.68% |
| 12 Months | 7.80% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in COPP | Overlap |
|---|
SLX Overweight 25 Positions Relative to COPP
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | C | 11.4% | |
| VALE | D | 7.79% | |
| CRS | B | 7.51% | |
| NUE | D | 5.73% | |
| HCC | C | 5.39% | |
| ATI | C | 5.32% | |
| STLD | D | 4.7% | |
| CMC | D | 4.66% | |
| RS | D | 4.58% | |
| MT | D | 4.51% | |
| X | D | 4.47% | |
| GGB | D | 4.45% | |
| TX | C | 4.35% | |
| PKX | F | 4.17% | |
| TS | D | 4.08% | |
| CLF | D | 3.53% | |
| SID | D | 3.53% | |
| ROCK | D | 2.25% | |
| WS | C | 1.7% | |
| RDUS | F | 0.88% | |
| SXC | C | 0.88% | |
| USAP | D | 0.85% | |
| ASTL | D | 0.78% | |
| RYI | F | 0.74% | |
| ZEUS | F | 0.55% |
SLX: Top Represented Industries & Keywords
COPP: Top Represented Industries & Keywords
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