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ETFs

VanEck Gold Miners ETF

GDX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 16 2006
Expense Ratio
0.51%
Type
Global Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$477,734,850
AUM
$11,576,411,825
Associated Index
NYSE Arca Gold Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NEM
Newmont Corp
9.94%
GOLD
Barrick Gold Corp.
8.51%
FNV
Franco-Nevada Corporation
8.30%
AEM
Agnico Eagle Mines Ltd
7.45%
WPM
Wheaton Precious Metals Corp
6.03%
NCM
Newcrest Mining
5.18%
GFI
Gold Fields Ltd - ADR - Level II
4.34%
2899
Zijin Mining Group Co., Ltd. - Ordinary Shares - Class H
4.33%
NST
Northern Star Resources Ltd
3.76%
AU
AngloGold Ashanti Plc.
3.53%
Invest with GDX

What is GDX?

GDX seeks to replicate as closely as possible before fees and expenses the price and yield performance of NYSE Arca Gold Miners Index.

ETFs related toGDX

ETFs correlated to GDX include NUGT, GDXU, RING

GDX
VanEck ETF Trust - VanEck Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
SIL
Global X Funds - Global X Silver Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGDX

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GDX using Composer

FAQ

GDX is a Global Equities ETF. GDX seeks to replicate as closely as possible before fees and expenses the price and yield performance of NYSE Arca Gold Miners Index.

GDX tracks the NYSE Arca Gold Miners Index.

No, GDX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GDX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GDX is -0.0059%. This is the percent change in the value of GDX over the most recent 1-month period. The 3-month return on GDX is -0.0519%. This is the percent change in the value of GDX over the most recent 3-month period.

The standard deviation of GDX for the past year is 0.3585%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GDX include IXN, IXJ, and SMH.

ETFs correlated to GDX include NUGT, GDXU, and RING.

ETFs that are inversely correlated to GDX include DUST, GDXD, and JDST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.