SLX vs. NRES ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to Xtrackers RREEF Global Natural Resources ETF (NRES)
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
$70.81
Average Daily Volume
10,339
26
NRES
Xtrackers RREEF Global Natural Resources ETF
NRES Description
NRES is the first actively managed ETF by DWS. It aims for total return, focusing on the global natural resources sector, encompassing agriculture, energy, and metals industries. The funds strategic approach involves top-down and bottom-up research to allocate its investments, considering factors like supply/demand, ESG criteria, and market interrelations. Insight into commodity-price cycles, sector interdependencies and trends guide its decision-making process amid evolving market condition. This approach enhances the ability of NRES to harness investment prospects. Additionally, the fund may concentrate its investments in non-US issuers and diversify up to 20% of its assets into debt securities, short-term investments, and ETFs for liquidity purposes and enhanced risk management. By leveraging this flexibility, NRES seeks to deliver optimal returns while navigating the complexities of the natural resources space. The funds goal is to position itself to seize investment opportunities for long-term growth and value creation.Grade (RS Rating)
Last Trade
$26.16
Average Daily Volume
756
26
Performance
| Period | SLX | NRES |
|---|---|---|
| 30 Days | 4.24% | -3.49% |
| 60 Days | 5.78% | -2.11% |
| 90 Days | 5.62% | -2.30% |
| 12 Months | 5.56% |
SLX Overweight 23 Positions Relative to NRES
SLX Underweight 23 Positions Relative to NRES
| Symbol | Grade | Weight | |
|---|---|---|---|
| XOM | B | -7.77% | |
| CTVA | C | -3.99% | |
| SW | A | -3.46% | |
| FCX | F | -2.93% | |
| GOLD | C | -2.63% | |
| WY | F | -1.7% | |
| COP | C | -1.47% | |
| CVX | A | -1.43% | |
| FANG | C | -1.27% | |
| CTRA | B | -1.26% | |
| AVY | F | -1.25% | |
| MOS | F | -1.2% | |
| BG | D | -1.19% | |
| GPK | C | -1.17% | |
| SEE | C | -0.89% | |
| ADM | D | -0.86% | |
| VLO | C | -0.75% | |
| NEM | D | -0.73% | |
| SUZ | B | -0.69% | |
| SLGN | A | -0.61% | |
| INGR | C | -0.49% | |
| DAR | C | -0.46% | |
| FMC | D | -0.44% |
SLX: Top Represented Industries & Keywords
NRES: Top Represented Industries & Keywords
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