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FLTR vs. GDX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FLTR vs. GDX

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and VanEck Gold Miners ETF (GDX).

FLTR and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE MarketVector Global Gold Miners Index. It was launched on May 16, 2006. Both FLTR and GDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FLTR vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and VanEck Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

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FLTR vs. GDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLTR
VanEck Vectors Investment Grade Floating Rate ETF		0.68%5.22%7.38%7.41%0.74%0.55%1.44%5.70%0.30%2.80%
GDX
VanEck Gold Miners ETF		11.94%154.77%10.63%9.98%-9.01%-9.52%23.66%39.84%-8.77%11.99%

Returns By Period

In the year-to-date period, FLTR achieves a 0.68% return, which is significantly lower than GDX's 11.94% return. Over the past 10 years, FLTR has underperformed GDX with an annualized return of 3.46%, while GDX has yielded a comparatively higher 18.07% annualized return.

FLTR

1D
-0.03%
1M
-0.07%
YTD
0.68%
6M
1.96%
1Y
4.71%
3Y*
6.47%
5Y*
4.28%
10Y*
3.46%

GDX

1D
4.62%
1M
-16.76%
YTD
11.94%
6M
25.38%
1Y
111.15%
3Y*
45.40%
5Y*
25.09%
10Y*
18.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors Investment Grade Floating Rate ETF

VanEck Gold Miners ETF

Often compared with FLTR:
FLTR vs. FLOTFLTR vs. SGOVFLTR vs. VRIGFLTR vs. JBBBFLTR vs. ICSHFLTR vs. USFRFLTR vs. ENIAX
Often compared with GDX:
GDX vs. GLDGDX vs. GDXJGDX vs. GOLDGDX vs. IAUGDX vs. GDXUGDX vs. RINGGDX vs. SLV

FLTR vs. GDX - Expense Ratio Comparison

FLTR has a 0.14% expense ratio, which is lower than GDX's 0.51% expense ratio.

GDX
VanEck Gold Miners ETF
FLTR
VanEck Vectors Investment Grade Floating Rate ETF

Return for Risk

FLTR vs. GDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLTR
FLTR Risk / Return Rank: 9191
Overall Rank
FLTR Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
FLTR Sortino Ratio Rank: 8787
Sortino Ratio Rank
FLTR Omega Ratio Rank: 9898
Omega Ratio Rank
FLTR Calmar Ratio Rank: 8282
Calmar Ratio Rank
FLTR Martin Ratio Rank: 9696
Martin Ratio Rank
GDX
GDX Risk / Return Rank: 9292
Overall Rank
GDX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
GDX Sortino Ratio Rank: 9090
Sortino Ratio Rank
GDX Omega Ratio Rank: 8989
Omega Ratio Rank
GDX Calmar Ratio Rank: 9393
Calmar Ratio Rank
GDX Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLTR vs. GDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and VanEck Gold Miners ETF (GDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

FLTRGDXDifference

Sharpe ratio

Return per unit of total volatility

2.10

2.42

-0.32

Sortino ratio

Return per unit of downside risk

2.43

2.60

-0.17

Omega ratio

Gain probability vs. loss probability

1.92

1.38

+0.54

Calmar ratio

Return relative to maximum drawdown

2.44

3.58

-1.14

Martin ratio

Return relative to average drawdown

17.88

12.86

+5.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTR vs. GDX - Sharpe Ratio Comparison

The current FLTR Sharpe Ratio is 2.10, which is comparable to the GDX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of FLTR and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FLTRGDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

2.42

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.01

0.71

+1.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.48

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.14

+0.37

Correlation

The correlation between FLTR and GDX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLTR vs. GDX - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 4.86%, more than GDX's 0.66% yield.

TTM20252024202320222021202020192018201720162015
FLTR
VanEck Vectors Investment Grade Floating Rate ETF		4.86%4.97%5.93%6.07%2.29%0.63%1.49%3.05%2.67%1.69%1.16%0.71%
GDX
VanEck Gold Miners ETF		0.66%0.74%1.19%1.61%1.66%1.67%0.53%0.67%0.50%0.76%0.26%0.85%

Drawdowns

FLTR vs. GDX - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for FLTR and GDX.

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Drawdown Indicators

FLTRGDXDifference

Max Drawdown

Largest peak-to-trough decline

-17.84%

-80.34%

+62.50%

Max Drawdown (1Y)

Largest decline over 1 year

-1.93%

-30.84%

+28.91%

Max Drawdown (5Y)

Largest decline over 5 years

-3.06%

-46.51%

+43.45%

Max Drawdown (10Y)

Largest decline over 10 years

-17.84%

-49.79%

+31.95%

Current Drawdown

Current decline from peak

-0.15%

-17.12%

+16.97%

Average Drawdown

Average peak-to-trough decline

-0.68%

-40.60%

+39.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.26%

8.58%

-8.32%

Volatility

FLTR vs. GDX - Volatility Comparison

The current volatility for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) is 0.40%, while VanEck Gold Miners ETF (GDX) has a volatility of 17.26%. This indicates that FLTR experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLTRGDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.40%

17.26%

-16.86%

Volatility (6M)

Calculated over the trailing 6-month period

0.58%

38.43%

-37.85%

Volatility (1Y)

Calculated over the trailing 1-year period

2.25%

46.20%

-43.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.14%

35.76%

-33.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.01%

37.46%

-32.45%