PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GDXJ vs. GDMN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GDXJ vs. GDMN

Last updated Jun 5, 2026

GDXJ (VanEck Junior Gold Miners ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - GDXJ is a Gold fund tracking the MVIS Global Junior Gold Miners Index, while GDMN is a Commodities fund actively managed by WisdomTree. GDXJ is passively managed, while GDMN is actively managed. Over the past 3 years, GDXJ returned 46.18%/yr vs 61.52%/yr for GDMN. Their correlation of 0.94 suggests significant overlap in exposure. GDXJ charges 0.52%/yr vs 0.45%/yr for GDMN.

Performance

GDXJ vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Junior Gold Miners ETF (GDXJ) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GDXJ achieves a -1.65% return, which is significantly higher than GDMN's -2.03% return.

GDXJ

1D
0.92%
1M
-1.11%
YTD
-1.65%
6M
7.01%
1Y
65.36%
3Y*
46.18%
5Y*
17.68%
10Y*
12.98%

GDMN

1D
2.19%
1M
-1.33%
YTD
-2.03%
6M
4.80%
1Y
80.97%
3Y*
61.52%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDXJ vs. GDMN - Yearly Performance Comparison

2026 (YTD)20252024202320222021
GDXJ
VanEck Junior Gold Miners ETF		-1.65%172.28%15.67%7.12%-14.53%4.31%
GDMN
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund		-2.03%237.09%28.23%12.97%-14.62%5.11%

Correlation

The correlation between GDXJ and GDMN is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Dec 17, 2021

0.94

The correlation between GDXJ and GDMN has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

GDXJ vs. GDMN - Sectors Allocation Comparison

Sectors
GDXJ
GDMN

Basic Materials

100.0%
100.0%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

GDXJ
100.0%
GDMN
100.0%

Communication Services

GDXJ

-

GDMN

-

Consumer Cyclical

GDXJ

-

GDMN

-

Consumer Defensive

GDXJ

-

GDMN

-

Energy

GDXJ

-

GDMN

-

Financial Services

GDXJ

-

GDMN

-

Healthcare

GDXJ

-

GDMN

-

Industrials

GDXJ

-

GDMN

-

Real Estate

GDXJ

-

GDMN

-

Technology

GDXJ

-

GDMN

-

Utilities

GDXJ

-

GDMN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Junior Gold Miners ETF

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

Often compared with GDXJ:
GDXJ vs. GDXGDXJ vs. GLDGDXJ vs. SILJGDXJ vs. GOLDGDXJ vs. SPYGDXJ vs. GLDMGDXJ vs. IAU
Often compared with GDMN:
GDMN vs. GDXGDMN vs. GDEGDMN vs. GldGDMN vs. GLDGDMN vs. IAUMGDMN vs. IAUGDMN vs. AUMI

Return for Risk

GDXJ vs. GDMN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDXJ
GDXJ Risk / Return Rank: 3737
Overall Rank
GDXJ Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
GDXJ Sortino Ratio Rank: 3434
Sortino Ratio Rank
GDXJ Omega Ratio Rank: 3838
Omega Ratio Rank
GDXJ Calmar Ratio Rank: 4242
Calmar Ratio Rank
GDXJ Martin Ratio Rank: 3333
Martin Ratio Rank
GDMN
GDMN Risk / Return Rank: 3737
Overall Rank
GDMN Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
GDMN Sortino Ratio Rank: 3434
Sortino Ratio Rank
GDMN Omega Ratio Rank: 3939
Omega Ratio Rank
GDMN Calmar Ratio Rank: 4343
Calmar Ratio Rank
GDMN Martin Ratio Rank: 3333
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDXJ vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners ETF (GDXJ) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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.

GDXJGDMNDifference
Sharpe ratioReturn per unit of total volatility
1.32
1.33

-0.01

Sortino ratioReturn per unit of downside risk
1.75
1.73

+0.02

Omega ratioGain probability vs. loss probability

1.24

1.25

-0.01

Calmar ratioReturn relative to maximum drawdown

2.00

2.09

-0.09

Martin ratioReturn relative to average drawdown

4.93

4.88

+0.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDXJ vs. GDMN - Sharpe Ratio Comparison

The current GDXJ Sharpe Ratio is 1.32, which is comparable to the GDMN Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of GDXJ and GDMN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

GDXJGDMNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

1.33

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

0.82

-0.76

Drawdowns

GDXJ vs. GDMN - Drawdown Comparison

The maximum GDXJ drawdown since its inception was -88.66%, which is greater than GDMN's maximum drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for GDXJ and GDMN.

Loading charts...

Drawdown Indicators

GDXJGDMNDifference

Max Drawdown

Largest peak-to-trough decline

-88.66%

-52.82%

-35.84%

Max Drawdown (1Y)

Largest decline over 1 year

-32.92%

-39.03%

+6.11%

Max Drawdown (3Y)

Largest decline over 3 years

-32.92%

-39.03%

+6.11%

Max Drawdown (5Y)

Largest decline over 5 years

-50.99%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-57.77%

—

—

Current Drawdown

Current decline from peak

-28.36%

-35.69%

+7.33%

Average Drawdown

Average peak-to-trough decline

-60.50%

-18.90%

-41.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.31%

16.66%

-3.35%

Volatility

GDXJ vs. GDMN - Volatility Comparison

The current volatility for VanEck Junior Gold Miners ETF (GDXJ) is 16.69%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.05%. This indicates that GDXJ experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GDXJGDMNDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.69%

18.05%

-1.36%

Volatility (6M)

Calculated over the trailing 6-month period

41.33%

51.78%

-10.45%

Volatility (1Y)

Calculated over the trailing 1-year period

49.77%

61.34%

-11.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.09%

47.58%

-6.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.05%

47.58%

-3.53%

GDXJ vs. GDMN - Expense Ratio Comparison

GDXJ has a 0.52% expense ratio, which is higher than GDMN's 0.45% expense ratio.

Dividends

GDXJ vs. GDMN - Dividend Comparison

GDXJ's dividend yield for the trailing twelve months is around 2.37%, less than GDMN's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
GDMN
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund		2.76%2.70%9.44%7.69%1.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GDXJ
VanEck Junior Gold Miners ETF		2.37%2.33%2.61%0.72%0.51%1.78%1.58%0.39%0.45%0.03%4.78%0.72%

Frequently Asked Questions

With a correlation of 0.94, GDXJ and GDMN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

GDMN has higher volatility (18.05%) compared to GDXJ (16.69%). In terms of maximum drawdown, GDXJ dropped -88.66% vs GDMN's -52.82%.

On 3-year performance, GDMN leads with 61.52% vs 46.18% for GDXJ. On fees, GDMN is cheaper at 0.45% per year. On volatility, GDXJ has been the lower-risk option at 16.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, GDMN has performed better with a 61.52% return vs 46.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GDMN is cheaper with a 0.45% expense ratio, compared with 0.52% for GDXJ.

GDMN has the higher dividend yield at 2.76%, compared with 2.37% for GDXJ.

GDXJ is categorized as Gold, while GDMN is Commodities. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.52% for GDXJ and 0.45% for GDMN.

GDMN currently has the higher Sharpe Ratio (1.33 vs 1.32), 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.

Portfolio Optimizer

Find the right allocation for GDXJ and GDMN

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