SLX vs. MGNR ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to American Beacon GLG Natural Resources ETF (MGNR)
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
$68.11
Average Daily Volume
10,506
26
MGNR
American Beacon GLG Natural Resources ETF
MGNR Description
MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.Grade (RS Rating)
Last Trade
$30.82
Average Daily Volume
14,595
23
Performance
| Period | SLX | MGNR |
|---|---|---|
| 30 Days | -0.55% | 0.55% |
| 60 Days | 4.66% | 6.20% |
| 90 Days | 4.23% | 7.13% |
| 12 Months | 4.17% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in MGNR | Overlap | |
|---|---|---|---|---|---|
| X | D | 4.56% | 2.75% | 2.75% |
SLX Overweight 25 Positions Relative to MGNR
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | F | 9.53% | |
| VALE | F | 7.62% | |
| NUE | D | 5.98% | |
| STLD | B | 5.78% | |
| TS | A | 5.62% | |
| HCC | B | 5.61% | |
| RS | B | 5.09% | |
| MT | B | 4.99% | |
| CRS | A | 4.96% | |
| CMC | B | 4.85% | |
| CLF | F | 4.37% | |
| GGB | B | 4.25% | |
| TX | F | 4.12% | |
| ATI | D | 3.78% | |
| SID | F | 3.76% | |
| PKX | F | 3.64% | |
| WS | B | 2.42% | |
| ROCK | C | 2.31% | |
| USAP | B | 1.26% | |
| ASTL | B | 1.25% | |
| SXC | A | 1.09% | |
| ZEUS | C | 0.94% | |
| RYI | B | 0.87% | |
| MTUS | F | 0.71% | |
| RDUS | C | 0.57% |
SLX Underweight 22 Positions Relative to MGNR
| Symbol | Grade | Weight | |
|---|---|---|---|
| TRGP | A | -4.65% | |
| SW | A | -3.7% | |
| AA | A | -3.51% | |
| PR | C | -3.48% | |
| FANG | D | -3.16% | |
| KNTK | A | -2.96% | |
| CDE | D | -2.43% | |
| FLNC | D | -2.35% | |
| BRBR | A | -2.18% | |
| GEV | A | -2.12% | |
| DAR | B | -2.12% | |
| CENX | A | -2.1% | |
| AR | B | -2.01% | |
| FSLR | F | -1.95% | |
| CF | A | -1.72% | |
| INGR | B | -1.66% | |
| AGRO | A | -1.65% | |
| PRIM | A | -1.46% | |
| CC | C | -1.39% | |
| CTVA | D | -1.07% | |
| NEM | F | -1.03% | |
| RRC | B | -0.98% |
SLX: Top Represented Industries & Keywords
MGNR: Top Represented Industries & Keywords
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