Summary
VanEck Steel ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 44. The ten largest make up 57% of the fund.
- Yearly costs
- 0.55%
- Fund size
- $154.6M
- Positions
- 44
- Dividend yield
- 1.27%
- Running since
- 2006
What speaks for it
- Average yearly growth over the last ten years: 12%.
- It has been running since 2006.
What to watch
- The ten largest positions make up 57% of the fund, so its result rests on a few names.
- 92% of the fund is in one sector (Basic materials).
- Costs of 0.55% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 34% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -3.0%
- 3 months
- +3.9%
- This year
- +21%
- 1 year
- +34%
- 3 years
- +72%
- 5 years
- +79%
- 10 years
- +217%
- Avg. market cap
- $52.2B
- P/E
- 17.1x
- Forward P/E
- 12.7x
- P/S
- 0.8x
- P/B
- 1.2x
- P/FCF
- 19.7x
- EV/EBITDA
- 8.0x
- Dividend yield
- 2.51%
- ROIC
- 7.1%
- ROE
- 9.9%
- Gross margin
- 23.9%
- Operating margin
- 14.7%
- Net margin
- 8.3%
- Payout ratio
- 42.9%
- Net debt/EBITDA
- 1.7x
- Beta
- 1.23
Weighted average of the 38 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 BHBHP Group Limited BHP 7.1%
- 2 NUNucor Corporation NUE 7.0%
- 3 RIRio Tinto RIO 6.9%
- 4 VAVale VALE 6.5%
- 5 STSteel Dynamics, Inc. STLD 5.5%
- 6 MTArcelorMittal S.A. MT 5.4%
- 7 RSReliance Steel & Aluminum Co. RS 5.1%
- 8 54Nippon Steel Corporation 5401.T 4.5%
- 9 RIRio Tinto Group RIO.AX 4.5%
- 10 PKPOSCO Holdings Inc. PKX 4.3%
Positions in the fund: 44. The ten largest make up 57% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Basic materials 92%
- Industrials 3.9%
- Energy 3.8%
By country
- United States 22%
- Australia 20%
- Luxembourg 11%
- Japan 9.6%
- Other countries 37%
By company size
- Mega cap 7.1%
- Large cap 62%
- Mid cap 29%
- Small cap 1.7%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Basic materials (92%). Largest country: United States (22%). Largest size group: Large cap (62%).
What does it cost me?
Expensive- A year from $10,000
- $55.00
- Over 20 years
- $2,646
From every $10,000 invested the fund takes $55.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,646.
How has it done?
Growing over the long run- A year on average, 10 years
- +12%
- Deepest drop
- -34%
- Yearly volatility
- 24%
Average yearly growth over the last ten years: 12%. Deepest drop in these years: 34% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.27%
- Payments a year
- 1
- Last payment
- $1.32
Over the last 12 months it paid $1.32 per share, which is 1.27% of today's price. The last payment was $1.32 on Dec 22, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $4.77M
- Shares a day
- 46K
On an average day about $4.77M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 17.1
- Average Bulios Score
- 60 out of 100
Weight by Bulios Fair Price
- Undervalued 22%
- Fairly valued 14%
- Overvalued 64%
On average the companies inside trade for 17.1 times their yearly profit. By Fair Price, 64% of the rated weight comes out as overvalued.
Counted from its largest companies (38), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BA BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | Canada | 0.60% | $39.1M | +15% | Pays out | 34% |
XM XME SPDR S&P Metals and Mining ETF | United States | 0.35% | $3.98B | -5.5% | Pays out | 21% |
