GDXJ vs. GDX
Compare and contrast key facts about VanEck Vectors Junior Gold Miners ETF (GDXJ) and VanEck Vectors Gold Miners ETF (GDX).
GDXJ and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both GDXJ and GDX 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: GDXJ or GDX.
Key characteristics
| GDXJ | GDX | |
|---|---|---|
| YTD Return | 19.05% | 14.67% |
| 1Y Return | 32.12% | 27.58% |
| 3Y Return (Ann) | -1.01% | 2.47% |
| 5Y Return (Ann) | 5.06% | 7.23% |
| 10Y Return (Ann) | 6.85% | 7.48% |
| Sharpe Ratio | 1.09 | 1.05 |
| Sortino Ratio | 1.65 | 1.56 |
| Omega Ratio | 1.19 | 1.19 |
| Calmar Ratio | 0.51 | 0.60 |
| Martin Ratio | 4.65 | 4.42 |
| Ulcer Index | 8.52% | 7.62% |
| Daily Std Dev | 36.21% | 32.21% |
| Max Drawdown | -88.66% | -80.57% |
| Current Drawdown | -66.64% | -40.04% |
Correlation
The correlation between GDXJ and GDX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDXJ vs. GDX - Performance Comparison
In the year-to-date period, GDXJ achieves a 19.05% return, which is significantly higher than GDX's 14.67% return. Over the past 10 years, GDXJ has underperformed GDX with an annualized return of 6.85%, while GDX has yielded a comparatively higher 7.48% annualized 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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GDXJ vs. GDX - Expense Ratio Comparison
GDXJ has a 0.54% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
GDXJ vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Junior Gold Miners ETF (GDXJ) and VanEck Vectors Gold Miners ETF (GDX). 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
GDXJ vs. GDX - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 0.61%, less than GDX's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.41% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
GDXJ vs. GDX - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GDXJ and GDX. For additional features, visit the drawdowns tool.
Volatility
GDXJ vs. GDX - Volatility Comparison
VanEck Vectors Junior Gold Miners ETF (GDXJ) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 10.73% and 10.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.