Steel ETF Gets Bent Out of Shape by Coronavirus

The Steel ETF, trading under ticker SL, has been significantly impacted by the coronavirus, with a notable decline in steel prices due to China's record inventories. The fund's assets have decreased to $50 million from a peak of over $400 million in 2010. It tracks an index of global companies in steel production and iron ore processing, with major holdings in the US, Brazil, and Europe. Despite trailing the S&P 500 since its 2006 launch, it has outperformed the Bloomberg Commodity Index. The fund has an expense ratio of 56 basis points and is rated positively by Bloomberg Intelligence.

Which countries make up the majority of the Steel ETF's holdings?

What has been the performance of the Steel ETF compared to the S&P 500 and the Bloomberg Commodity Index?