SLX vs. GIAX ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to Nicholas Global Equity and Income ETF (GIAX)
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
$70.43
Average Daily Volume
10,339
26
GIAX
Nicholas Global Equity and Income ETF
GIAX Description
The fund"s strategy includes two components: (i) holding shares of unaffiliated passively managed ETFs that seek to provide exposure to a range of global equity securities ("Index ETFs") and (ii) selling daily index credit call spreads ("Index Call Spreads") on one or more US equity indices. The fund is non-diversified.Grade (RS Rating)
Last Trade
$19.94
Average Daily Volume
36,702
16
Performance
| Period | SLX | GIAX |
|---|---|---|
| 30 Days | 4.24% | 1.83% |
| 60 Days | 5.78% | 3.32% |
| 90 Days | 5.62% | 4.25% |
| 12 Months | 5.56% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in GIAX | Overlap | |
|---|---|---|---|---|---|
| PKX | D | 3.39% | 0.83% | 0.83% |
SLX Overweight 25 Positions Relative to GIAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | D | 9.59% | |
| VALE | F | 7.51% | |
| TS | B | 5.99% | |
| NUE | C | 5.89% | |
| STLD | B | 5.77% | |
| HCC | B | 5.24% | |
| RS | B | 5.24% | |
| CRS | B | 5.22% | |
| MT | B | 5.14% | |
| CMC | B | 4.92% | |
| GGB | C | 4.38% | |
| TX | F | 4.23% | |
| X | B | 4.22% | |
| CLF | F | 3.99% | |
| ATI | C | 3.87% | |
| SID | F | 3.71% | |
| WS | B | 2.4% | |
| ROCK | C | 2.37% | |
| USAP | B | 1.34% | |
| ASTL | B | 1.24% | |
| SXC | A | 1.13% | |
| ZEUS | C | 0.97% | |
| RYI | C | 0.9% | |
| MTUS | C | 0.69% | |
| RDUS | B | 0.54% |
SLX: Top Represented Industries & Keywords
GIAX: Top Represented Industries & Keywords
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