GDXJ vs. ONDS
GDXJ (VanEck Junior Gold Miners ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index, while ONDS (Ondas Holdings Inc.) is a stock. Over the past 5 years, GDXJ returned 16.23%/yr vs 2.67%/yr for ONDS. At a 0.13 correlation, their price movements are largely independent.
Performance
GDXJ vs. ONDS - Performance Comparison
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Returns By Period
In the year-to-date period, GDXJ achieves a -8.37% return, which is significantly lower than ONDS's -4.41% return.
GDXJ
- 1D
- 3.15%
- 1M
- -19.14%
- YTD
- -8.37%
- 6M
- -6.68%
- 1Y
- 51.06%
- 3Y*
- 44.17%
- 5Y*
- 16.23%
- 10Y*
- 12.00%
ONDS
- 1D
- -5.09%
- 1M
- 5.30%
- YTD
- -4.41%
- 6M
- 6.63%
- 1Y
- 445.61%
- 3Y*
- 104.56%
- 5Y*
- 2.67%
- 10Y*
- —
GDXJ vs. ONDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | -8.37% | 172.28% | 15.67% | 7.12% | -14.53% | -21.25% | 30.40% | 40.44% | 3.47% |
ONDS Ondas Holdings Inc. | -4.41% | 281.25% | 67.32% | -3.77% | -76.30% | -28.08% | -48.17% | 0.00% | 33.33% |
Correlation
The correlation between GDXJ and ONDS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.13 |
The correlation between GDXJ and ONDS shifts across timeframes, from 0.13 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDXJ vs. ONDS — Risk / Return Rank
GDXJ
ONDS
GDXJ vs. ONDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners ETF (GDXJ) and Ondas Holdings Inc. (ONDS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDXJ | ONDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 8.42 | -7.12 |
| Martin ratioReturn relative to average drawdown | 3.55 | 18.67 | -15.12 |
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Drawdowns
GDXJ vs. ONDS - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, smaller than the maximum ONDS drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for GDXJ and ONDS.
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Drawdown Indicators
| GDXJ | ONDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.66% | -98.28% | +9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -53.37% | +13.90% |
Max Drawdown (3Y)Largest decline over 3 years | -39.47% | -83.28% | +43.81% |
Max Drawdown (5Y)Largest decline over 5 years | -49.76% | -96.99% | +47.23% |
Max Drawdown (10Y)Largest decline over 10 years | -57.77% | — | — |
Current DrawdownCurrent decline from peak | -33.25% | -52.15% | +18.90% |
Average DrawdownAverage peak-to-trough decline | -60.45% | -71.41% | +10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.41% | 24.01% | -9.60% |
Volatility
GDXJ vs. ONDS - Volatility Comparison
The current volatility for VanEck Junior Gold Miners ETF (GDXJ) is 19.46%, while Ondas Holdings Inc. (ONDS) has a volatility of 44.08%. This indicates that GDXJ experiences smaller price fluctuations and is considered to be less risky than ONDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXJ | ONDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.46% | 44.08% | -24.62% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 78.27% | -34.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.54% | 127.45% | -75.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.50% | 113.81% | -72.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.23% | 120.73% | -76.50% |
Dividends
GDXJ vs. ONDS - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 2.54%, while ONDS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | 2.54% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
ONDS Ondas Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDXJ and ONDS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONDS has higher volatility (44.08%) compared to GDXJ (19.46%). In terms of maximum drawdown, GDXJ dropped -88.66% vs ONDS's -98.28%.
ONDS currently has the higher Sharpe Ratio (3.55 vs 1.00), 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.
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