SLX vs NPV

Comparison between VANECK STEEL ETF (SLX, ETF) and Nuveen Virginia Quality Municipal Income Fund (NPV, ETF).

5-Year PerformanceSLX has outperformed NPV, delivering a return of +15.7% compared to -1.5%

SLX vs NPV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SLX(ETF)	NPV(ETF)
Net Assets	$224M	$223M
Expense Ratio	0.55%	N/A
Max Drawdown	85.83%	52.73%
Sharpe Ratio	2.19	0.88
5Y Beta	1.09	0.07
P/E Ratio	12.33	N/A
Forward P/E	13.16	N/A
PEG Ratio	0.09	N/A
5Y Dividends CAGR	9.75%	8.67%
5Y EPS CAGR	18.10%	N/A
Debt to Equity	31.44%	N/A
P/S Ratio	0.00	N/A
P/B Ratio	1.59	N/A

Net Assets

Winner

SLX

$224M

NPV

$223M

Expense Ratio

SLX

0.55%

NPV

N/A

Max Drawdown

SLX

85.83%

Winner

NPV

52.73%

Sharpe Ratio

Winner

SLX

2.19

NPV

0.88

5Y Beta

SLX

1.09

Winner

NPV

0.07

P/E Ratio

SLX

12.33

NPV

N/A

Forward P/E

SLX

13.16

NPV

N/A

PEG Ratio

SLX

0.09

NPV

N/A

5Y Dividends CAGR

Winner

SLX

9.75%

NPV

8.67%

5Y EPS CAGR

SLX

18.10%

NPV

N/A

Debt to Equity

SLX

31.44%

NPV

N/A

P/S Ratio

SLX

0.00

NPV

N/A

P/B Ratio

SLX

1.59

NPV

N/A

SLX vs NPV - Historical Returns

Returns include dividend reinvestment.

Period	SLX	NPV
1 month	+2.91%	+1.59%
3 months	+22.87%	+2.11%
6 months	+32.19%	+6.47%
1 year	+73.52%	+9.91%
5 years(CAGR)	+15.73%	-1.46%
10 years(CAGR)	+19.57%	+2.35%
Max(CAGR)	+8.24%	+4.03%

Winner

SLX

+2.91%

NPV

+1.59%

Winner

SLX

+22.87%

NPV

+2.11%

Winner

SLX

+32.19%

NPV

+6.47%

Winner

SLX

+73.52%

NPV

+9.91%

5Y(CAGR)

Winner

SLX

+15.73%

NPV

-1.46%

10Y(CAGR)

Winner

SLX

+19.57%

NPV

+2.35%

Max(CAGR)

Winner

SLX

+8.24%

NPV

+4.03%

SLX vs NPV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SLX	NPV
2026	+28.28%	+6.81%
2025	+48.28%	-6.00%
2024	-17.15%	+24.72%
2023	+33.22%	-1.53%
2022	+14.39%	-30.61%
2021	+25.29%	+10.87%
2020	+19.62%	+14.18%
2019	+10.56%	+27.87%
2018	-22.43%	-4.56%
2017	+20.83%	+3.28%
2016	+99.31%	-0.03%
2015	-41.29%	+9.28%
2014	-24.86%	+17.11%
2013	+0.46%	-20.91%
2012	-1.01%	+5.25%
2011	-34.07%	+11.93%
2010	+14.62%	+3.16%
2009	+97.11%	+35.31%
2008	-63.20%	-11.84%
2007	+89.41%	-7.20%
2006	+10.38%	-1.23%
2005	N/A	-4.05%
2004	N/A	+6.54%
2003	N/A	+4.52%
2002	N/A	+18.83%
2001	N/A	+7.94%
2000	N/A	+22.39%
1999	N/A	-14.72%

SLX vs NPV Drawdown Comparison

The maximum drawdown for SLX was -82.16%, occurring on Jan 25, 2016. Recovery took 3699 trading sessions.

The maximum drawdown for NPV was -44.23%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

The current SLX drawdown is -2.39%. The current NPV drawdown is -15.46%.

Rank	SLX	NPV
#1	-82.16% May 16, 2008 - Jan 26, 2023	-44.23% Dec 22, 2021 - Oct 27, 2023
#2	-27.39% Dec 27, 2023 - Jul 22, 2025	-41.74% Feb 12, 2007 - Jul 28, 2009
#3	-23.74% Jul 12, 2007 - Sep 18, 2007	-28.66% Jul 17, 2012 - Mar 10, 2016
#4	-21.19% Dec 10, 2007 - Feb 22, 2008	-25.55% Feb 24, 2020 - Jul 6, 2020
#5	-20.93% Mar 3, 2023 - Jul 25, 2023	-23.27% Jan 26, 2004 - Nov 4, 2004
#6	-16.35% Feb 11, 2026 - Apr 22, 2026	-19.13% Oct 12, 2010 - Jan 23, 2012
#7	-15.61% Jul 25, 2023 - Dec 1, 2023	-16.53% Sep 7, 2016 - Jul 31, 2019
#8	-12.00% Oct 29, 2007 - Dec 7, 2007	-16.44% Oct 12, 2005 - Feb 9, 2007
#9	-11.43% Feb 28, 2008 - Apr 4, 2008	-15.46% Nov 2, 1999 - Aug 28, 2000
#10	-10.12% Feb 26, 2007 - Mar 21, 2007	-11.70% Jun 18, 2003 - Jan 12, 2004
#11	-10.02% Jul 23, 2025 - Oct 3, 2025	-9.96% Feb 14, 2005 - May 24, 2005
#12	-8.24% Jun 2, 2026 - Jun 10, 2026	-9.94% Aug 31, 2021 - Dec 22, 2021
#13	-7.05% Dec 5, 2006 - Jan 23, 2007	-8.98% Aug 20, 2002 - Dec 31, 2002
#14	-6.54% Jun 1, 2007 - Jul 2, 2007	-8.92% Aug 6, 2001 - Jun 13, 2002
#15	-6.37% Feb 1, 2023 - Mar 2, 2023	-8.62% Oct 30, 2009 - Mar 26, 2010

Correlation

Correlation between SLX and NPV is 0.42 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.42

-101

Dividend Comparison (2000 - 2026)

SLX vs NPV dividend yield comparison.

Year	SLX	NPV
2026	0.00%	2.82%
2025	1.55%	7.55%
2024	3.56%	5.63%
2023	2.80%	3.89%
2022	4.97%	5.08%
2021	7.07%	3.42%
2020	1.87%	3.49%
2019	3.44%	3.58%
2018	6.26%	4.62%
2017	2.50%	4.40%
2016	1.06%	4.87%
2015	5.35%	5.25%
2014	3.27%	5.73%
2013	1.98%	6.15%
2012	2.21%	4.35%
2011	2.40%	4.93%
2010	1.41%	5.47%
2009	1.60%	4.57%
2008	4.61%	6.13%
2007	0.57%	5.58%
2006	0.31%	5.00%
2005	0.00%	6.85%
2004	0.00%	5.19%
2003	0.00%	5.29%
2002	0.00%	5.05%
2001	0.00%	5.32%
2000	0.00%	2.20%