GDX vs. ARTY
GDX (VanEck Gold Miners ETF) and ARTY (iShares Future AI & Tech ETF) are both exchange-traded funds - GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index, while ARTY is a Technology Equities fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). Both are passively managed. Over the past 5 years, GDX returned 19.97%/yr vs 13.27%/yr for ARTY. At a 0.23 correlation, their price movements are largely independent. GDX charges 0.51%/yr vs 0.47%/yr for ARTY.
Performance
GDX vs. ARTY - Performance Comparison
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Returns By Period
In the year-to-date period, GDX achieves a -0.58% return, which is significantly lower than ARTY's 60.68% return.
GDX
- 1D
- 6.55%
- 1M
- -2.38%
- YTD
- -0.58%
- 6M
- 1.22%
- 1Y
- 57.71%
- 3Y*
- 41.18%
- 5Y*
- 19.97%
- 10Y*
- 13.81%
ARTY
- 1D
- 5.66%
- 1M
- 17.65%
- YTD
- 60.68%
- 6M
- 63.32%
- 1Y
- 104.26%
- 3Y*
- 32.85%
- 5Y*
- 13.27%
- 10Y*
- —
GDX vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | -0.58% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -2.79% |
ARTY iShares Future AI & Tech ETF | 60.68% | 29.97% | 8.02% | 36.37% | -37.89% | 6.32% | 48.85% | 34.47% | -13.76% |
Correlation
The correlation between GDX and ARTY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.23 |
The correlation between GDX and ARTY shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDX vs. ARTY — Risk / Return Rank
GDX
ARTY
GDX vs. ARTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners ETF (GDX) and iShares Future AI & Tech ETF (ARTY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDX | ARTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.47 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 5.57 | -3.98 |
| Martin ratioReturn relative to average drawdown | 4.39 | 18.40 | -14.01 |
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Drawdowns
GDX vs. ARTY - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.34%, which is greater than ARTY's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for GDX and ARTY.
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Drawdown Indicators
| GDX | ARTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.34% | -54.50% | -25.84% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -18.81% | -17.47% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -32.44% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -46.51% | -50.53% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -49.79% | — | — |
Current DrawdownCurrent decline from peak | -26.39% | -4.13% | -22.26% |
Average DrawdownAverage peak-to-trough decline | -40.41% | -19.80% | -20.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.22% | 5.69% | +7.53% |
Volatility
GDX vs. ARTY - Volatility Comparison
VanEck Gold Miners ETF (GDX) and iShares Future AI & Tech ETF (ARTY) have volatilities of 18.56% and 18.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDX | ARTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.56% | 18.52% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 39.52% | 29.30% | +10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.30% | 33.37% | +13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.86% | 29.33% | +7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.37% | 28.18% | +9.19% |
GDX vs. ARTY - Expense Ratio Comparison
GDX has a 0.51% expense ratio, which is higher than ARTY's 0.47% expense ratio.
Dividends
GDX vs. ARTY - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 0.74%, more than ARTY's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARTY iShares Future AI & Tech ETF | 0.06% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% |
GDX VanEck Gold Miners ETF | 0.74% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Frequently Asked Questions
GDX and ARTY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (18.56%) compared to ARTY (18.52%). In terms of maximum drawdown, GDX dropped -80.34% vs ARTY's -54.50%.
On 5-year performance, GDX leads with 19.97% vs 13.27% for ARTY. On fees, ARTY is cheaper at 0.47% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDX has performed better with a 19.97% return vs 13.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARTY is cheaper with a 0.47% expense ratio, compared with 0.51% for GDX.
GDX has the higher dividend yield at 0.74%, compared with 0.06% for ARTY.
GDX is categorized as Gold, while ARTY is Technology Equities. GDX tracks NYSE MarketVector Global Gold Miners Index, while ARTY tracks Morningstar Global Artificial Intelligence Select Index (Net). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.51% for GDX and 0.47% for ARTY.
ARTY currently has the higher Sharpe Ratio (3.15 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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