SLX vs. PPA ETF Comparison
Comparison of Market Vectors Steel Index ETF Fund (SLX) to PowerShares Aerospace & Defense (PPA)
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
$68.84
Average Daily Volume
17,805
25
PPA
PowerShares Aerospace & Defense
PPA Description
The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE⢠Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$101.34
Average Daily Volume
148,943
47
Performance
| Period | SLX | PPA |
|---|---|---|
| 30 Days | -5.21% | -0.33% |
| 60 Days | -2.93% | 3.23% |
| 90 Days | -0.84% | 11.33% |
| 12 Months | 17.64% | 26.13% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SLX | Weight in PPA | Overlap | |
|---|---|---|---|---|---|
| ATI | A | 4.38% | 0.94% | 0.94% |
SLX Overweight 24 Positions Relative to PPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| RIO | A | 10.71% | |
| VALE | D | 8.04% | |
| NUE | D | 6.1% | |
| HCC | A | 5.37% | |
| CRS | A | 5.36% | |
| TS | D | 4.8% | |
| RS | D | 4.79% | |
| STLD | D | 4.76% | |
| TX | A | 4.72% | |
| MT | D | 4.66% | |
| GGB | F | 4.65% | |
| CMC | C | 4.44% | |
| X | F | 4.3% | |
| PKX | D | 4.29% | |
| CLF | F | 4.13% | |
| SID | F | 4.09% | |
| ROCK | D | 2.31% | |
| WS | F | 1.7% | |
| RYI | F | 1.11% | |
| RDUS | F | 1.01% | |
| SXC | C | 0.92% | |
| ASTL | F | 0.85% | |
| ZEUS | D | 0.79% | |
| USAP | A | 0.77% |
SLX Underweight 46 Positions Relative to PPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| RTX | A | -7.05% | |
| LMT | A | -6.9% | |
| BA | F | -5.98% | |
| GE | A | -5.69% | |
| NOC | A | -5.6% | |
| GD | A | -5.12% | |
| LHX | A | -4.53% | |
| HON | D | -4.49% | |
| TDG | A | -3.98% | |
| ETN | A | -3.74% | |
| PH | A | -3.61% | |
| HWM | B | -3.45% | |
| AXON | B | -3.24% | |
| TXT | D | -2.68% | |
| BAH | A | -2.47% | |
| LDOS | A | -2.16% | |
| HII | C | -2.1% | |
| APH | A | -2.03% | |
| HEI | A | -1.83% | |
| BWXT | C | -1.38% | |
| KBR | A | -1.33% | |
| CW | A | -1.32% | |
| CACI | A | -1.29% | |
| WWD | A | -1.1% | |
| TDY | D | -1.08% | |
| SAIC | C | -1.0% | |
| HXL | D | -0.96% | |
| J | C | -0.89% | |
| AVAV | A | -0.85% | |
| PLTR | C | -0.81% | |
| SPR | D | -0.77% | |
| PSN | C | -0.65% | |
| MOG.A | A | -0.64% | |
| KEYS | C | -0.6% | |
| KTOS | D | -0.54% | |
| OSK | B | -0.47% | |
| AIR | A | -0.47% | |
| MRCY | F | -0.33% | |
| VSAT | F | -0.29% | |
| CDRE | C | -0.27% | |
| OSIS | B | -0.27% | |
| TGI | C | -0.19% | |
| IRDM | B | -0.18% | |
| DCO | A | -0.15% | |
| B | D | -0.15% | |
| TTMI | B | -0.13% |
SLX: Top Represented Industries & Keywords
PPA: Top Represented Industries & Keywords
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