SMN vs. SLX ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to Market Vectors Steel Index ETF Fund (SLX)
SMN
ProShares UltraShort Basic Materials
SMN Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$7.32
Average Daily Volume
3,915
43
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
$70.71
Average Daily Volume
17,049
25
Performance
| Period | SMN | SLX |
|---|---|---|
| 30 Days | 5.08% | -3.66% |
| 60 Days | -2.40% | -0.23% |
| 90 Days | -15.46% | 1.51% |
| 12 Months | -23.16% | 22.50% |
SMN Overweight 36 Positions Relative to SLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | D | 18.22% | |
| APD | C | 8.28% | |
| ECL | A | 7.77% | |
| DD | A | 7.23% | |
| DOW | C | 6.27% | |
| NEM | B | 5.65% | |
| PPG | D | 4.81% | |
| LYB | C | 3.74% | |
| CTVA | A | 3.36% | |
| FCX | B | 2.96% | |
| IFF | A | 2.28% | |
| CE | C | 2.25% | |
| FMC | C | 2.05% | |
| EMN | B | 1.67% | |
| CF | F | 1.59% | |
| RPM | D | 1.53% | |
| ALB | D | 1.36% | |
| MOS | F | 1.21% | |
| RGLD | B | 1.17% | |
| AXTA | A | 1.0% | |
| HUN | C | 0.74% | |
| ASH | A | 0.73% | |
| SMG | C | 0.7% | |
| VVV | C | 0.64% | |
| NGVT | B | 0.55% | |
| NEU | D | 0.55% | |
| AA | A | 0.52% | |
| OLN | C | 0.45% | |
| CC | C | 0.45% | |
| ESI | D | 0.44% | |
| SXT | A | 0.44% | |
| FUL | C | 0.4% | |
| CBT | B | 0.4% | |
| WLK | B | 0.39% | |
| WOR | D | 0.24% | |
| BTU | F | 0.1% |
SMN: Top Represented Industries & Keywords
SLX: Top Represented Industries & Keywords
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