SLNZ vs SLX
Comparison between TCW Senior Loan ETF (SLNZ, ETF) and VANECK STEEL ETF (SLX, ETF).
SLNZ vs SLX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SLNZ
$226M
SLX
$224M
Expense Ratio
SLNZ
0.65%
Winner
SLX
0.55%
Max Drawdown
Winner
SLNZ
6.03%
SLX
85.83%
Sharpe Ratio
SLNZ
0.04
Winner
SLX
2.19
5Y Beta
Winner
SLNZ
0.04
SLX
1.09
P/E Ratio
SLNZ
N/A
SLX
12.33
Forward P/E
SLNZ
N/A
SLX
13.16
PEG Ratio
SLNZ
N/A
SLX
0.09
5Y Dividends CAGR
SLNZ
N/A
SLX
9.75%
5Y EPS CAGR
SLNZ
N/A
SLX
18.10%
Debt to Equity
SLNZ
N/A
SLX
31.44%
P/S Ratio
SLNZ
N/A
SLX
0.00
P/B Ratio
SLNZ
N/A
SLX
1.59
SLNZ vs SLX - Holdings Comparison
SLNZ and SLX have 0 common holdings. Overlap is 0.00%
SLNZ's top 25 holdings weight is 6.46%. SLX's top 25 holdings weight is 91.59%.
| Rank | SLNZ | SLX |
|---|---|---|
| #1 | TCW FDS (TGCXX) - 6.46% | BHP GROUP LTD ADR (BHP) - 8.06% |
| #2 | N/A | RIO TINTO PLC ADR (RIO) - 7.93% |
| #3 | N/A | NUCOR CORP (NUE) - 7.17% |
| #4 | N/A | RIO TINTO LTD (n/a) - 6.76% |
| #5 | N/A | VALE SA ADR (VALE) - 6.43% |
| #6 | N/A | STEEL DYNAMICS INC (STLD) - 5.22% |
| #7 | N/A | ARCELORMITTAL SA DEPOSITORY RECEIPT (MT) - 5.17% |
| #8 | N/A | FORTESCUE LTD (n/a) - 5.17% |
| #9 | N/A | POSCO HOLDINGS INC ADR (PKX) - 4.87% |
| #10 | N/A | RELIANCE INC (RS) - 4.69% |
| #11 | N/A | TENARIS SA ADR (TS) - 3.67% |
| #12 | N/A | NIPPON STEEL CORP (n/a) - 3.51% |
| #13 | N/A | CHINA STEEL CORP (n/a) - 2.67% |
| #14 | N/A | BLUESCOPE STEEL LTD (n/a) - 2.23% |
| #15 | N/A | VOESTALPINE AG (n/a) - 2.11% |
| #16 | N/A | SSAB AB (PUBL) CLASS B (n/a) - 2.08% |
| #17 | N/A | MINERAL RESOURCES LTD (n/a) - 2.04% |
| #18 | N/A | JFE HOLDINGS INC (n/a) - 1.97% |
| #19 | N/A | CLEVELAND-CLIFFS INC (CLF) - 1.94% |
| #20 | N/A | COMMERCIAL METALS CO (CMC) - 1.84% |
| #21 | N/A | GERDAU SA ADR (GGB) - 1.83% |
| #22 | N/A | ACERINOX SA (n/a) - 1.19% |
| #23 | N/A | TA CHEN STAINLESS PIPE CO LTD (n/a) - 1.10% |
| #24 | N/A | EREGLI DEMIR VE CELIK FABRIKALARI TAS (n/a) - 1.03% |
| #25 | N/A | TERNIUM SA ADR (TX) - 0.91% |
| Total Holdings | 1 | 41 |
SLNZ vs SLX - Historical Returns
Returns include dividend reinvestment.
1M
SLNZ
+0.29%
Winner
SLX
+2.91%
3M
SLNZ
+3.00%
Winner
SLX
+22.87%
6M
SLNZ
+1.53%
Winner
SLX
+32.19%
1Y
SLNZ
+3.76%
Winner
SLX
+73.52%
5Y(CAGR)
SLNZ
N/A
SLX
+15.73%
10Y(CAGR)
SLNZ
N/A
SLX
+19.57%
Max(CAGR)
SLNZ
+4.64%
Winner
SLX
+8.24%
SLNZ vs SLX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | SLNZ | SLX |
|---|---|---|
| 2026 | +1.09% | +28.28% |
| 2025 | +5.22% | +48.28% |
| 2024 | +0.87% | -17.15% |
| 2023 | N/A | +33.22% |
| 2022 | N/A | +14.39% |
| 2021 | N/A | +25.29% |
| 2020 | N/A | +19.62% |
| 2019 | N/A | +10.56% |
| 2018 | N/A | -22.43% |
| 2017 | N/A | +20.83% |
| 2016 | N/A | +99.31% |
| 2015 | N/A | -41.29% |
| 2014 | N/A | -24.86% |
| 2013 | N/A | +0.46% |
| 2012 | N/A | -1.01% |
| 2011 | N/A | -34.07% |
| 2010 | N/A | +14.62% |
| 2009 | N/A | +97.11% |
| 2008 | N/A | -63.20% |
| 2007 | N/A | +89.41% |
| 2006 | N/A | +10.38% |
SLNZ vs SLX Drawdown Comparison
The maximum drawdown for SLNZ was -2.57%, occurring on Mar 10, 2026. Recovery took 88 trading sessions.
The maximum drawdown for SLX was -82.16%, occurring on Jan 25, 2016. Recovery took 3699 trading sessions.
The current SLNZ drawdown is -0.46%. The current SLX drawdown is -2.39%.
| Rank | SLNZ | SLX |
|---|---|---|
| #1 | -2.57% Dec 29, 2025 - May 6, 2026 | -82.16% May 16, 2008 - Jan 26, 2023 |
| #2 | -2.00% Apr 1, 2025 - May 13, 2025 | -27.39% Dec 27, 2023 - Jul 22, 2025 |
| #3 | -1.09% May 15, 2026 - May 21, 2026 | -23.74% Jul 12, 2007 - Sep 18, 2007 |
| #4 | -1.01% Oct 15, 2025 - Nov 3, 2025 | -21.19% Dec 10, 2007 - Feb 22, 2008 |
| #5 | -0.57% May 21, 2025 - Jul 1, 2025 | -20.93% Mar 3, 2023 - Jul 25, 2023 |
| #6 | -0.56% Mar 21, 2025 - Apr 1, 2025 | -16.35% Feb 11, 2026 - Apr 22, 2026 |
| #7 | -0.55% Jul 3, 2025 - Jul 22, 2025 | -15.61% Jul 25, 2023 - Dec 1, 2023 |
| #8 | -0.55% Mar 12, 2025 - Mar 21, 2025 | -12.00% Oct 29, 2007 - Dec 7, 2007 |
| #9 | -0.52% Sep 26, 2025 - Oct 15, 2025 | -11.43% Feb 28, 2008 - Apr 4, 2008 |
| #10 | -0.46% Nov 25, 2024 - Dec 2, 2024 | -10.12% Feb 26, 2007 - Mar 21, 2007 |
| #11 | -0.46% Jun 11, 2026 - Jun 12, 2026 | -10.02% Jul 23, 2025 - Oct 3, 2025 |
| #12 | -0.42% May 15, 2025 - May 21, 2025 | -8.24% Jun 2, 2026 - Jun 10, 2026 |
| #13 | -0.40% Nov 7, 2025 - Nov 11, 2025 | -7.05% Dec 5, 2006 - Jan 23, 2007 |
| #14 | -0.40% Nov 20, 2024 - Nov 25, 2024 | -6.54% Jun 1, 2007 - Jul 2, 2007 |
| #15 | -0.40% Dec 9, 2025 - Dec 19, 2025 | -6.37% Feb 1, 2023 - Mar 2, 2023 |
Correlation
Correlation between SLNZ and SLX is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (2006 - 2026)
SLNZ vs SLX dividend yield comparison.
| Year | SLNZ | SLX |
|---|---|---|
| 2026 | 3.15% | 0.00% |
| 2025 | 7.39% | 1.55% |
| 2024 | 1.39% | 3.56% |
| 2023 | 0.00% | 2.80% |
| 2022 | 0.00% | 4.97% |
| 2021 | 0.00% | 7.07% |
| 2020 | 0.00% | 1.87% |
| 2019 | 0.00% | 3.44% |
| 2018 | 0.00% | 6.26% |
| 2017 | 0.00% | 2.50% |
| 2016 | 0.00% | 1.06% |
| 2015 | 0.00% | 5.35% |
| 2014 | 0.00% | 3.27% |
| 2013 | 0.00% | 1.98% |
| 2012 | 0.00% | 2.21% |
| 2011 | 0.00% | 2.40% |
| 2010 | 0.00% | 1.41% |
| 2009 | 0.00% | 1.60% |
| 2008 | 0.00% | 4.61% |
| 2007 | 0.00% | 0.57% |
| 2006 | 0.00% | 0.31% |
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