GDX vs. GDXJ
Compare and contrast key facts about VanEck Vectors Gold Miners ETF (GDX) and VanEck Vectors Junior Gold Miners ETF (GDXJ).
GDX and GDXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. Both GDX and GDXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDX or GDXJ.
Correlation
The correlation between GDX and GDXJ is 0.21, 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.
Performance
GDX vs. GDXJ - Performance Comparison
Key characteristics
GDX:
1.33
GDXJ:
1.25
GDX:
1.84
GDXJ:
1.80
GDX:
1.24
GDXJ:
1.22
GDX:
0.99
GDXJ:
0.68
GDX:
4.84
GDXJ:
5.21
GDX:
9.24%
GDXJ:
9.21%
GDX:
33.37%
GDXJ:
38.17%
GDX:
-80.57%
GDXJ:
-88.66%
GDX:
-16.87%
GDXJ:
-53.85%
Returns By Period
The year-to-date returns for both stocks are quite close, with GDX having a 43.70% return and GDXJ slightly lower at 42.39%. Both investments have delivered pretty close results over the past 10 years, with GDX having a 10.79% annualized return and GDXJ not far ahead at 11.24%.
GDX
43.70%
10.12%
13.97%
49.17%
9.00%
10.79%
GDXJ
42.39%
10.23%
15.48%
51.66%
9.47%
11.24%
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GDX vs. GDXJ - Expense Ratio Comparison
GDX has a 0.53% expense ratio, which is lower than GDXJ's 0.54% expense ratio.
Risk-Adjusted Performance
GDX vs. GDXJ — Risk-Adjusted Performance Rank
GDX
GDXJ
GDX vs. GDXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Gold Miners ETF (GDX) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.
Dividends
GDX vs. GDXJ - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 0.83%, less than GDXJ's 1.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 0.83% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
GDXJ VanEck Vectors Junior Gold Miners ETF | 1.83% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% |
Drawdowns
GDX vs. GDXJ - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.57%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for GDX and GDXJ. For additional features, visit the drawdowns tool.
Volatility
GDX vs. GDXJ - Volatility Comparison
The current volatility for VanEck Vectors Gold Miners ETF (GDX) is 15.82%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 17.53%. This indicates that GDX experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.