GDX vs. VYMI
Compare and contrast key facts about VanEck Vectors Gold Miners ETF (GDX) and Vanguard International High Dividend Yield ETF (VYMI).
GDX and VYMI 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. VYMI is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US High Dividend Yield Index. It was launched on Feb 25, 2016. Both GDX and VYMI 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 VYMI.
Key characteristics
| GDX | VYMI | |
|---|---|---|
| YTD Return | 10.32% | 5.73% |
| 1Y Return | -1.77% | 14.13% |
| 3Y Return (Ann) | -1.31% | 5.00% |
| 5Y Return (Ann) | 12.23% | 7.36% |
| Sharpe Ratio | -0.08 | 1.34 |
| Daily Std Dev | 30.50% | 12.01% |
| Max Drawdown | -80.57% | -40.00% |
| Current Drawdown | -42.32% | 0.00% |
Correlation
The correlation between GDX and VYMI is 0.30, 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. VYMI - Performance Comparison
In the year-to-date period, GDX achieves a 10.32% return, which is significantly higher than VYMI's 5.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GDX vs. VYMI - Expense Ratio Comparison
GDX has a 0.53% expense ratio, which is higher than VYMI's 0.22% expense ratio.
Risk-Adjusted Performance
GDX vs. VYMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Gold Miners ETF (GDX) and Vanguard International High Dividend Yield ETF (VYMI). 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. VYMI - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 1.46%, less than VYMI's 4.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 1.46% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
VYMI Vanguard International High Dividend Yield ETF | 4.81% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% | 0.00% | 0.00% | 0.00% |
Drawdowns
GDX vs. VYMI - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.57%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for GDX and VYMI. For additional features, visit the drawdowns tool.
Volatility
GDX vs. VYMI - Volatility Comparison
VanEck Vectors Gold Miners ETF (GDX) has a higher volatility of 9.64% compared to Vanguard International High Dividend Yield ETF (VYMI) at 3.98%. This indicates that GDX's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.