MLPA vs. SLX ETF Comparison
Comparison of Global X MLP ETF (MLPA) to Market Vectors Steel Index ETF Fund (SLX)
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$48.07
Average Daily Volume
120,126
19
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
$71.02
Average Daily Volume
17,676
25
Performance
| Period | MLPA | SLX |
|---|---|---|
| 30 Days | -1.86% | -2.28% |
| 60 Days | 2.52% | 0.70% |
| 90 Days | 7.03% | 2.84% |
| 12 Months | 27.58% | 27.60% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in SLX | Overlap |
|---|
MLPA Underweight 25 Positions Relative to SLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | A | -10.92% | |
| VALE | D | -8.2% | |
| CRS | A | -6.63% | |
| NUE | D | -5.93% | |
| HCC | B | -5.34% | |
| ATI | B | -5.15% | |
| MT | D | -4.8% | |
| STLD | D | -4.62% | |
| CMC | C | -4.59% | |
| GGB | D | -4.56% | |
| TX | B | -4.47% | |
| RS | D | -4.41% | |
| PKX | F | -4.38% | |
| TS | F | -4.22% | |
| X | F | -4.18% | |
| SID | D | -3.99% | |
| CLF | F | -3.83% | |
| ROCK | D | -2.23% | |
| WS | C | -1.66% | |
| RDUS | F | -1.0% | |
| SXC | D | -0.87% | |
| ASTL | D | -0.82% | |
| RYI | F | -0.81% | |
| USAP | A | -0.77% | |
| ZEUS | F | -0.73% |
MLPA: Top Represented Industries & Keywords
SLX: Top Represented Industries & Keywords
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