SLX vs. BOUT ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to Innovator IBD Breakout Opportunities ETF (BOUT)
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
$70.31
Average Daily Volume
17,834
Number of Holdings
*
25
* may have additional holdings in another (foreign) market
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.Grade (RS Rating)
Last Trade
$32.96
Average Daily Volume
2,631
Number of Holdings
*
59
* may have additional holdings in another (foreign) market
Performance
| Period | SLX | BOUT |
|---|---|---|
| 30 Days | 0.06% | -6.82% |
| 60 Days | -0.89% | -4.66% |
| 90 Days | 2.67% | 0.54% |
| 12 Months | 14.62% | 8.67% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in BOUT | Overlap |
|---|
SLX Overweight 25 Positions Relative to BOUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | A | 10.53% | |
| VALE | F | 7.75% | |
| NUE | A | 6.65% | |
| HCC | A | 5.04% | |
| CRS | A | 4.96% | |
| STLD | A | 4.9% | |
| MT | C | 4.89% | |
| RS | A | 4.87% | |
| TS | A | 4.75% | |
| TX | A | 4.66% | |
| CLF | A | 4.64% | |
| GGB | D | 4.63% | |
| X | D | 4.54% | |
| ATI | A | 4.47% | |
| CMC | A | 4.46% | |
| PKX | F | 4.13% | |
| SID | F | 3.98% | |
| ROCK | D | 2.26% | |
| WS | A | 1.67% | |
| RYI | C | 1.13% | |
| RDUS | F | 0.99% | |
| SXC | C | 0.9% | |
| ASTL | D | 0.81% | |
| ZEUS | B | 0.77% | |
| USAP | A | 0.69% |
SLX Underweight 59 Positions Relative to BOUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTI | A | -3.47% | |
| KSPI | A | -3.34% | |
| AZEK | B | -3.2% | |
| MSDL | A | -3.17% | |
| TBBB | D | -3.16% | |
| BLDR | D | -3.16% | |
| HEAR | A | -3.15% | |
| TXRH | A | -3.14% | |
| LEN | B | -3.13% | |
| WING | A | -3.09% | |
| HUBS | A | -2.97% | |
| GPS | C | -2.84% | |
| IBKR | A | -2.8% | |
| CELH | C | -2.8% | |
| XYL | B | -2.75% | |
| JPM | B | -2.73% | |
| SAP | C | -2.72% | |
| FROG | D | -2.7% | |
| DUOL | B | -2.7% | |
| PCOR | C | -2.63% | |
| APPF | C | -2.61% | |
| IOT | D | -2.48% | |
| GOOGL | A | -1.87% | |
| GOOG | A | -1.87% | |
| CRM | C | -1.85% | |
| PCAR | A | -1.82% | |
| RCL | A | -1.81% | |
| IRM | B | -1.81% | |
| SHAK | B | -1.8% | |
| FOR | B | -1.8% | |
| AXP | B | -1.8% | |
| ERJ | A | -1.77% | |
| CROX | B | -1.72% | |
| SEMR | B | -0.93% | |
| PWR | A | -0.93% | |
| NTAP | A | -0.93% | |
| GVA | A | -0.92% | |
| ERIE | B | -0.92% | |
| URI | B | -0.91% | |
| TOL | B | -0.89% | |
| ISRG | C | -0.89% | |
| RL | D | -0.85% | |
| KNSL | C | -0.78% | |
| ELF | C | -0.76% | |
| WAB | A | -0.35% | |
| SKWD | B | -0.35% | |
| PSTG | A | -0.35% | |
| NVDA | A | -0.35% | |
| ANET | B | -0.35% | |
| WMS | B | -0.34% | |
| PLTR | D | -0.34% | |
| KKR | B | -0.34% | |
| OKTA | B | -0.33% | |
| LRN | D | -0.33% | |
| FIHL | A | -0.33% | |
| DFH | C | -0.33% | |
| ASML | B | -0.33% | |
| TREX | C | -0.32% | |
| RYAN | B | -0.32% |
SLX: Top Represented Industries & Keywords
BOUT: Top Represented Industries & Keywords
Industries:
Software - Application
Software - Infrastructure
Residential Construction
Restaurants
Building Materials
Data Storage
Engineering & Construction
Insurance - Property & Casualty
Internet Content & Information
Aerospace & Defense
Apparel Manufacturing
Apparel Stores
Asset Management
Banks - Global
Beverages - Soft Drinks
Building Products & Equipment
Business Services
Capital Markets
Communication Equipment
Computer Systems
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