GDX

VanEck Gold Miners ETF

Gold mining companies ETF. Leveraged play on gold prices — miners typically move 2-3x the gold price. Includes Newmont, Barrick Gold, Agnico Eagle.

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EquityTER 0.51%Dist.

TER

0.51%

AUM

$14B

CAGR

5.7%

Volatility

37.1%

Sharpe

0.07

Max Drawdown

-77.5%

Data Range

2006-05 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-13.4%

Worst DD-77.5%

Worst date2015-12

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return3.1%

Best63.4%

Worst-36.0%

% positive66%

204 periods

Key Facts

ISIN

US92189F1063

Issuer

VanEck

Benchmark

NYSE Arca Gold Miners Index

Total Expense Ratio (TER)

0.51%

Assets Under Management

$14B approx.

Inception Date

2006-05-16

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Full Replication)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

~55

Top 10 Holdings

Top 10 represent 57.0% of the fund.

NEMNewmont Corp.

13.00%

Materials

GOLDBarrick Gold

9.80%

Materials

AEMAgnico Eagle

8.50%

Materials

WPMWheaton Precious Metals

5.80%

Materials

FNVFranco-Nevada

5.20%

Materials

RGLDRoyal Gold

3.50%

Materials

KGCKinross Gold

3.20%

Materials

AUAngloGold Ashanti

3.00%

Materials

GFIGold Fields

2.80%

Materials

EGOEldorado Gold

2.20%

Materials

Sector Breakdown

Gold Mining

85%

Silver Mining

10%

Precious Metals Streaming

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓General portfolio building block for the asset class it covers.

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), VanEck (metadata)Last verified: 2026-04-17

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💬 Frequently Asked Questions

Gold mining companies ETF. Leveraged play on gold prices — miners typically move 2-3x the gold price. Includes Newmont, Barrick Gold, Agnico Eagle.

GDX has a total expense ratio (TER) of 0.51%, which means you pay $51 per year for every $10,000 invested.

Yes, GDX is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

GDX is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

GDX uses full physical replication, meaning it holds all (or nearly all) securities in the NYSE Arca Gold Miners Index index directly.