SLX vs TFPN

Comparison between VANECK STEEL ETF (SLX, ETF) and BLUEPRINT CHESAPEAKE MULTI-ASSET TREND ETF (TFPN, ETF).

SLX vs TFPN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SLX(ETF)	TFPN(ETF)
Net Assets	$170M	$170M
Expense Ratio	0.55%	1.96%
Max Drawdown	85.83%	17.47%
Sharpe Ratio	1.36	1.58
5Y Beta	1.09	0.48
P/E Ratio	11.73	22.30
Forward P/E	12.44	19.46
PEG Ratio	0.06	0.13
5Y Dividends CAGR	9.75%	N/A
5Y EPS CAGR	18.27%	N/A
Debt to Equity	30.40%	N/A
P/S Ratio	0.00	-3.38
P/B Ratio	1.46	3.72

Net Assets

SLX

$170M

TFPN

$170M

Expense Ratio

Winner

SLX

0.55%

TFPN

1.96%

Max Drawdown

SLX

85.83%

Winner

TFPN

17.47%

Sharpe Ratio

SLX

1.36

Winner

TFPN

1.58

5Y Beta

SLX

1.09

Winner

TFPN

0.48

P/E Ratio

Winner

SLX

11.73

TFPN

22.30

Forward P/E

Winner

SLX

12.44

TFPN

19.46

PEG Ratio

Winner

SLX

0.06

TFPN

0.13

5Y Dividends CAGR

SLX

9.75%

TFPN

N/A

5Y EPS CAGR

SLX

18.27%

TFPN

N/A

Debt to Equity

SLX

30.40%

TFPN

N/A

P/S Ratio

SLX

0.00

Winner

TFPN

-3.38

P/B Ratio

Winner

SLX

1.46

TFPN

3.72

SLX vs TFPN - Holdings Comparison

SLX and TFPN have 8 common holdings. Overlap is -0.80%

SLX's top 25 holdings weight is 91.18%. TFPN's top 25 holdings weight is 407.41%.

Rank	SLX	TFPN
#1	BHP GROUP LTD ADR (BHP) - 7.39%	CASH OFFSET (n/a) - 298.15%
#2	VALE SA ADR (VALE) - 7.12%	OTHER ASSETS AND LIABILITIES (n/a) - 27.02%
#3	RIO TINTO PLC ADR (RIO) - 7.01%	FUTURE ON S&P 500 (n/a) - 9.38%
#4	NUCOR CORP (NUE) - 6.36%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 6.55%
#5	STEEL DYNAMICS INC (STLD) - 5.53%	USD/CNH FWD 20260916 PURCHASED (n/a) - 4.91%
#6	ARCELORMITTAL SA DEPOSITORY RECEIPT (MT) - 5.35%	CNH/USD FWD 20260617 PURCHASED (n/a) - 4.89%
#7	NIPPON STEEL CORP (n/a) - 4.94%	USD/CNH FWD 20260617 PURCHASED (n/a) - 4.85%
#8	RIO TINTO LTD (n/a) - 4.81%	CNH/SGD FWD 20260617 PURCHASED (n/a) - 3.72%
#9	RELIANCE INC (RS) - 4.71%	SGD/CNH FWD 20260617 PURCHASED (n/a) - 3.68%
#10	FORTESCUE LTD (n/a) - 4.47%	SGD/CNH FWD 20260715 PURCHASED (n/a) - 3.60%
#11	POSCO HOLDINGS INC ADR (PKX) - 4.25%	LUMENTUM HOLDINGS INC (LITE) - 3.26%
#12	TENARIS SA ADR (TS) - 3.96%	EUR/CZK FWD 20260715 PURCHASED (n/a) - 3.20%
#13	CHINA STEEL CORP (n/a) - 3.07%	NZD/AUD FWD 20260617 PURCHASED (n/a) - 3.08%
#14	BLUESCOPE STEEL LTD (n/a) - 2.67%	NZD/AUD FWD 20260715 PURCHASED (n/a) - 3.08%
#15	SSAB AB (PUBL) CLASS B (n/a) - 2.45%	AUD/NZD FWD 20260617 PURCHASED (n/a) - 3.06%
#16	JFE HOLDINGS INC (n/a) - 2.37%	WESTERN DIGITAL CORP (WDC) - 2.85%
#17	VOESTALPINE AG (n/a) - 2.22%	ISHARES NATIONAL MUNI BOND ETF (MUB) - 2.61%
#18	GERDAU SA ADR (GGB) - 2.06%	HUF/EUR FWD 20260617 PURCHASED (n/a) - 2.59%
#19	COMMERCIAL METALS CO (CMC) - 1.90%	EUR/HUF FWD 20260617 PURCHASED (n/a) - 2.59%
#20	MINERAL RESOURCES LTD (n/a) - 1.88%	EUR/CNH FWD 20260715 PURCHASED (n/a) - 2.41%
#21	CLEVELAND-CLIFFS INC (CLF) - 1.71%	PLN/EUR FWD 20260617 PURCHASED (n/a) - 2.40%
#22	ACERINOX SA (n/a) - 1.40%	EUR/PLN FWD 20260617 PURCHASED (n/a) - 2.40%
#23	TA CHEN STAINLESS PIPE CO LTD (n/a) - 1.28%	IDR/USD FWD 20260715 PURCHASED (n/a) - 2.39%
#24	EREGLI DEMIR VE CELIK FABRIKALARI TAS (n/a) - 1.26%	CNH/EUR FWD 20260617 PURCHASED (n/a) - 2.39%
#25	YAMATO KOGYO CO LTD (n/a) - 1.01%	EUR/CNH FWD 20260617 PURCHASED (n/a) - 2.35%
Total Holdings	48	724

SLX vs TFPN - Historical Returns

Returns include dividend reinvestment.

Period	SLX	TFPN
1 month	+3.30%	-3.20%
3 months	+1.90%	-0.31%
6 months	+8.71%	+7.72%
1 year	+45.87%	+29.97%
5 years(CAGR)	+15.39%	N/A
10 years(CAGR)	+17.11%	N/A
Max(CAGR)	+7.81%	+7.34%

Winner

SLX

+3.30%

TFPN

-3.20%

Winner

SLX

+1.90%

TFPN

-0.31%

Winner

SLX

+8.71%

TFPN

+7.72%

Winner

SLX

+45.87%

TFPN

+29.97%

5Y(CAGR)

SLX

+15.39%

TFPN

N/A

10Y(CAGR)

SLX

+17.11%

TFPN

N/A

Max(CAGR)

Winner

SLX

+7.81%

TFPN

+7.34%

SLX vs TFPN - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	SLX	TFPN
2026	+19.77%	+16.96%
2025	+48.28%	+4.39%
2024	-17.15%	+2.84%
2023	+33.22%	-1.60%
2022	+14.39%	N/A
2021	+25.29%	N/A
2020	+19.62%	N/A
2019	+10.56%	N/A
2018	-22.43%	N/A
2017	+20.83%	N/A
2016	+99.31%	N/A
2015	-41.29%	N/A
2014	-24.86%	N/A
2013	+0.46%	N/A
2012	-1.01%	N/A
2011	-34.07%	N/A
2010	+14.62%	N/A
2009	+97.11%	N/A
2008	-63.20%	N/A
2007	+89.41%	N/A
2006	+10.38%	N/A

SLX vs TFPN Drawdown Comparison

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

The maximum drawdown for TFPN was -16.73%, occurring on Apr 8, 2025. Recovery took 391 trading sessions.

The current SLX drawdown is -8.88%. The current TFPN drawdown is -6.82%.

Rank	SLX	TFPN
#1	-82.16% May 16, 2008 - Jan 26, 2023	-16.73% Jun 3, 2024 - Dec 23, 2025
#2	-27.39% Dec 27, 2023 - Jul 22, 2025	-10.94% Jun 4, 2026 - Jul 20, 2026
#3	-23.74% Jul 12, 2007 - Sep 18, 2007	-7.47% Feb 25, 2026 - Apr 13, 2026
#4	-21.19% Dec 10, 2007 - Feb 22, 2008	-5.17% Jul 18, 2023 - Mar 4, 2024
#5	-20.93% Mar 3, 2023 - Jul 25, 2023	-4.67% Jan 28, 2026 - Feb 20, 2026
#6	-16.35% Feb 11, 2026 - Apr 22, 2026	-4.14% May 14, 2026 - Jun 3, 2026
#7	-15.61% Jul 25, 2023 - Dec 1, 2023	-3.40% Apr 1, 2024 - Jun 3, 2024
#8	-14.71% Jun 2, 2026 - Jul 1, 2026	-1.82% Dec 26, 2025 - Jan 5, 2026
#9	-12.00% Oct 29, 2007 - Dec 7, 2007	-1.58% Jan 5, 2026 - Jan 7, 2026
#10	-11.43% Feb 28, 2008 - Apr 4, 2008	-1.56% Mar 7, 2024 - Mar 21, 2024
#11	-10.12% Feb 26, 2007 - Mar 21, 2007	-1.40% May 6, 2026 - May 11, 2026
#12	-10.02% Jul 23, 2025 - Oct 3, 2025	-1.31% Apr 24, 2026 - Apr 30, 2026
#13	-7.05% Dec 5, 2006 - Jan 23, 2007	-0.54% Apr 20, 2026 - Apr 22, 2026
#14	-6.54% Jun 1, 2007 - Jul 2, 2007	-0.44% Apr 14, 2026 - Apr 17, 2026
#15	-6.37% Feb 1, 2023 - Mar 2, 2023	-0.25% Mar 4, 2024 - Mar 6, 2024

Correlation

Correlation between SLX and TFPN is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2006 - 2025)

SLX vs TFPN dividend yield comparison.

Year	SLX	TFPN
2025	1.55%	0.00%
2024	3.56%	0.94%
2023	2.80%	0.98%
2022	4.97%	0.00%
2021	7.07%	0.00%
2020	1.87%	0.00%
2019	3.44%	0.00%
2018	6.26%	0.00%
2017	2.50%	0.00%
2016	1.06%	0.00%
2015	5.35%	0.00%
2014	3.27%	0.00%
2013	1.98%	0.00%
2012	2.21%	0.00%
2011	2.40%	0.00%
2010	1.41%	0.00%
2009	1.60%	0.00%
2008	4.61%	0.00%
2007	0.57%	0.00%
2006	0.31%	0.00%