GDX vs. FDVV
GDX (VanEck Gold Miners ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 5 years, GDX returned 17.51%/yr vs 13.53%/yr for FDVV. At a 0.23 correlation, their price movements are largely independent. GDX charges 0.51%/yr vs 0.29%/yr for FDVV.
Performance
GDX vs. FDVV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GDX achieves a -6.69% return, which is significantly lower than FDVV's 9.30% return.
GDX
- 1D
- 2.97%
- 1M
- -14.82%
- YTD
- -6.69%
- 6M
- -5.89%
- 1Y
- 48.02%
- 3Y*
- 38.96%
- 5Y*
- 17.51%
- 10Y*
- 13.29%
FDVV
- 1D
- 0.57%
- 1M
- 2.54%
- YTD
- 9.30%
- 6M
- 9.44%
- 1Y
- 23.92%
- 3Y*
- 19.75%
- 5Y*
- 13.53%
- 10Y*
- —
GDX vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | -6.69% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
FDVV Fidelity High Dividend ETF | 9.30% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Correlation
The correlation between GDX and FDVV 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 | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.23 |
The correlation between GDX and FDVV shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GDX vs. FDVV — Risk / Return Rank
GDX
FDVV
GDX vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners ETF (GDX) and Fidelity High Dividend ETF (FDVV). 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 | FDVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.44 | -1.04 |
| Martin ratioReturn relative to average drawdown | 3.87 | 10.11 | -6.24 |
Loading charts...
Drawdowns
GDX vs. FDVV - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.34%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for GDX and FDVV.
Loading charts...
Drawdown Indicators
| GDX | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.34% | -40.25% | -40.09% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -9.30% | -26.98% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -15.90% | -20.38% |
Max Drawdown (5Y)Largest decline over 5 years | -46.51% | -20.18% | -26.33% |
Max Drawdown (10Y)Largest decline over 10 years | -49.79% | — | — |
Current DrawdownCurrent decline from peak | -30.91% | -0.29% | -30.62% |
Average DrawdownAverage peak-to-trough decline | -40.41% | -3.80% | -36.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.11% | 2.24% | +10.87% |
Volatility
GDX vs. FDVV - Volatility Comparison
VanEck Gold Miners ETF (GDX) has a higher volatility of 17.20% compared to Fidelity High Dividend ETF (FDVV) at 3.16%. This indicates that GDX's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GDX | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.20% | 3.16% | +14.04% |
Volatility (6M)Calculated over the trailing 6-month period | 39.15% | 8.16% | +30.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.89% | 10.12% | +36.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.74% | 14.76% | +21.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.34% | 16.98% | +20.36% |
GDX vs. FDVV - Expense Ratio Comparison
GDX has a 0.51% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Dividends
GDX vs. FDVV - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 0.79%, less than FDVV's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.70% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
GDX VanEck Gold Miners ETF | 0.79% | 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 FDVV 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 (17.20%) compared to FDVV (3.16%). In terms of maximum drawdown, GDX dropped -80.34% vs FDVV's -40.25%.
On 5-year performance, GDX leads with 17.51% vs 13.53% for FDVV. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.16%. 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 17.51% return vs 13.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDVV is cheaper with a 0.29% expense ratio, compared with 0.51% for GDX.
FDVV has the higher dividend yield at 2.70%, compared with 0.79% for GDX.
GDX is categorized as Gold, while FDVV is Large Cap Blend Equities. GDX tracks NYSE MarketVector Global Gold Miners Index, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: VanEck and Fidelity. Their fees differ too: 0.51% for GDX and 0.29% for FDVV.
FDVV currently has the higher Sharpe Ratio (2.24 vs 1.09), 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.
Find the right allocation for GDX and FDVV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer