SLX vs. MARB ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to First Trust Merger Arbitrage ETF (MARB)
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
$70.20
Average Daily Volume
17,714
25
MARB
First Trust Merger Arbitrage ETF
MARB Description
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.Grade (RS Rating)
Last Trade
$19.58
Average Daily Volume
25,287
23
Performance
| Period | SLX | MARB |
|---|---|---|
| 30 Days | -2.64% | -1.17% |
| 60 Days | -1.02% | -0.81% |
| 90 Days | 1.65% | -0.81% |
| 12 Months | 22.01% | 0.07% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in MARB | Overlap | |
|---|---|---|---|---|---|
| X | F | 4.3% | 3.53% | 3.53% |
SLX Overweight 24 Positions Relative to MARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | A | 10.71% | |
| VALE | C | 8.04% | |
| NUE | D | 6.1% | |
| HCC | B | 5.37% | |
| CRS | A | 5.36% | |
| TS | F | 4.8% | |
| RS | D | 4.79% | |
| STLD | D | 4.76% | |
| TX | B | 4.72% | |
| MT | C | 4.66% | |
| GGB | D | 4.65% | |
| CMC | B | 4.44% | |
| ATI | A | 4.38% | |
| PKX | D | 4.29% | |
| CLF | F | 4.13% | |
| SID | F | 4.09% | |
| ROCK | F | 2.31% | |
| WS | D | 1.7% | |
| RYI | F | 1.11% | |
| RDUS | F | 1.01% | |
| SXC | D | 0.92% | |
| ASTL | F | 0.85% | |
| ZEUS | D | 0.79% | |
| USAP | A | 0.77% |
SLX Underweight 22 Positions Relative to MARB
| Symbol | Grade | Weight | |
|---|---|---|---|
| PXD | B | -5.82% | |
| ACI | C | -4.96% | |
| AMED | D | -4.57% | |
| AXNX | C | -3.96% | |
| ANSS | F | -3.6% | |
| HES | B | -3.48% | |
| JNPR | D | -3.3% | |
| DFS | B | -3.26% | |
| CERE | A | -3.05% | |
| CTLT | C | -2.98% | |
| VZIO | D | -2.93% | |
| NS | D | -2.46% | |
| LBAI | B | -2.39% | |
| NWLI | A | -2.09% | |
| SP | C | -1.53% | |
| CPRI | F | -1.44% | |
| SNPS | D | --2.02% | |
| PFS | B | --2.45% | |
| SUN | D | --2.47% | |
| CVX | B | --3.65% | |
| COF | B | --3.86% | |
| XOM | B | --6.25% |
SLX: Top Represented Industries & Keywords
MARB: Top Represented Industries & Keywords
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