GDX vs. USD=X
GDX (VanEck Gold Miners ETF) is Gold fund tracking the NYSE MarketVector Global Gold Miners Index, while USD=X (USD Cash) is a currency. Over the past 10 years, GDX returned 12.82%/yr vs 0.00%/yr for USD=X.
Performance
GDX vs. USD=X - Performance Comparison
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Returns By Period
GDX
- 1D
- -0.22%
- 1M
- -16.83%
- YTD
- -8.28%
- 6M
- 0.10%
- 1Y
- 53.51%
- 3Y*
- 37.89%
- 5Y*
- 17.28%
- 10Y*
- 12.82%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
GDX vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | -8.28% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
GDX vs. USD=X — Risk / Return Rank
GDX
USD=X
GDX vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners ETF (GDX) and USD Cash (USD=X). 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.
| GDX | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | — | — |
| Martin ratioReturn relative to average drawdown | 4.32 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDX | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | — | — |
Drawdowns
GDX vs. USD=X - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.34%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GDX and USD=X.
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Drawdown Indicators
| GDX | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.34% | 0.00% | -80.34% |
Max Drawdown (1Y)Largest decline over 1 year | -32.09% | 0.00% | -32.09% |
Max Drawdown (3Y)Largest decline over 3 years | -32.09% | 0.00% | -32.09% |
Max Drawdown (5Y)Largest decline over 5 years | -46.51% | 0.00% | -46.51% |
Max Drawdown (10Y)Largest decline over 10 years | -49.79% | 0.00% | -49.79% |
Current DrawdownCurrent decline from peak | -32.09% | 0.00% | -32.09% |
Average DrawdownAverage peak-to-trough decline | -40.43% | 0.00% | -40.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 0.00% | +12.42% |
Volatility
GDX vs. USD=X - Volatility Comparison
VanEck Gold Miners ETF (GDX) has a higher volatility of 16.05% compared to USD Cash (USD=X) at 0.00%. This indicates that GDX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDX | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.05% | 0.00% | +16.05% |
Volatility (6M)Calculated over the trailing 6-month period | 38.61% | 0.00% | +38.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.36% | 0.00% | +46.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.61% | 0.00% | +36.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.27% | 0.00% | +37.27% |
Frequently Asked Questions
GDX has higher volatility (16.05%) compared to USD=X (0.00%). In terms of maximum drawdown, GDX dropped -80.34% vs USD=X's 0.00%.
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