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Sunday, August 23, 2026The Morning Brief →Sign in

VanEck Steel ETF

$107.20+2.29% today
7011452-WK

The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Such companies may include small- and medium-capitalization companies and foreign and emerging market issuers. It may concentrate its investments in a particular industry or group of industries to the extent that the Steel Index concentrates in an industry or group of industries. The fund is non-diversified.

Price & daily flows
104.191.679.1107.20DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$43M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$3M of net buying over the past month, about 1.9% of the fund's asset base, while the price has returned +24.1% so far this year. At 0.56% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$171Massets under management
0.56%expense ratio · $56 per $10,000 a year
+$3Mnet flow, trailing month
27Kavg daily volume, 30 days
26holdings · US-domiciled
2006listed October 16, 2006 · beta 1.31
The book at a glance
VOEBHP+3.6%RIO+3.1%VALE+2.5%NUE+1.3%MT+1.5%STLD+4.4%RS+2.0%PKX+0.1%RIO+3.1%TS-0.0%GGB+0.0%CMC+1.6%CLF+4.9%BSL+0.1%TX+2.3%APAMMIN54112.5%OUT1V5463SGM004020SSABB2.4%20022.9%FMG4.2%54015.5%20271.5%ACX1.4%RUS1.1%EREGL1.1%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1VOEVANGUARD MID-CAP VALUE INDEX FUND2.15%$208.64+0.3%
2BHPBHP GROUP8.17%$97.03+3.6%
3RIORIO TINTO7.47%$105.30+3.1%
4VALEVALE6.67%$14.59+2.5%
5NUENUCOR6.24%$243.63+1.3%
6MTARCELORMITTAL5.57%$72.20+1.5%
7STLDSTEEL DYNAMICS4.90%$228.68+4.4%
8RSRELIANCE STEEL & ALUMINUM4.34%$387.89+2.0%
9PKXPOSCO HOLDINGS4.39%$57.34+0.1%
10RIORIO TINTO4.87%$105.30+3.1%
11TSTENARIS SA3.50%$52.66-0.0%
12GGBGERDAU SA1.90%$4.33+0.0%
13CMCCOMMERCIAL METALS1.85%$66.31+1.6%
14CLFCLEVELAND-CLIFFS1.78%$11.27+4.9%
15BSLBLACKSTONE SENIOR FLOATING RATE 2027 TERM FUND2.36%$13.01+0.1%

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Performance
1 week-0.7%
1 month+5.3%
3 months+0.5%
6 months+8.7%
YTD+24.1%
1 year+50.9%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month+$3M
3 months−$8M
YTD−$19M
1 year+$43M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
21%realized volatility, 30 days (annualized)
25%realized volatility, 1 year
-16.3%deepest fall from a peak, 1 year
-5.6%where it sits vs. that peak today

The top holding is 8.2% of the book; the top ten carry 58%. Spread across 39+ names, it behaves like roughly 22 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
141calls today
puts today
put/call ratio
27Kshares traded
Most-traded holdings, options premiumBullishBearish
CLF CLEVELAND-CLIFFS$4M$3M
BHP BHP GROUP$2M$2M
STLD STEEL DYNAMICS$941,757$918,645
NUE NUCOR$734,591$1M
RIO RIO TINTO$596,703$848,751

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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