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GDXJ vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GDXJ and SPY is 0.24, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

GDXJ vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Junior Gold Miners ETF (GDXJ) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
-15.32%
559.33%
GDXJ
SPY

Key characteristics

Sharpe Ratio

GDXJ:

1.54

SPY:

0.54

Sortino Ratio

GDXJ:

2.10

SPY:

0.89

Omega Ratio

GDXJ:

1.26

SPY:

1.13

Calmar Ratio

GDXJ:

0.84

SPY:

0.58

Martin Ratio

GDXJ:

6.39

SPY:

2.39

Ulcer Index

GDXJ:

9.22%

SPY:

4.51%

Daily Std Dev

GDXJ:

38.17%

SPY:

20.07%

Max Drawdown

GDXJ:

-88.66%

SPY:

-55.19%

Current Drawdown

GDXJ:

-52.79%

SPY:

-10.54%

Returns By Period

In the year-to-date period, GDXJ achieves a 45.64% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, GDXJ has underperformed SPY with an annualized return of 11.17%, while SPY has yielded a comparatively higher 11.95% annualized return.


GDXJ

YTD

45.64%

1M

10.74%

6M

18.75%

1Y

55.77%

5Y*

9.96%

10Y*

11.17%

SPY

YTD

-6.44%

1M

-5.00%

6M

-5.02%

1Y

9.54%

5Y*

15.80%

10Y*

11.95%

*Annualized

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GDXJ vs. SPY - Expense Ratio Comparison

GDXJ has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for GDXJ: current value is 0.54%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GDXJ: 0.54%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

GDXJ vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDXJ
The Risk-Adjusted Performance Rank of GDXJ is 8787
Overall Rank
The Sharpe Ratio Rank of GDXJ is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of GDXJ is 9090
Sortino Ratio Rank
The Omega Ratio Rank of GDXJ is 8888
Omega Ratio Rank
The Calmar Ratio Rank of GDXJ is 7979
Calmar Ratio Rank
The Martin Ratio Rank of GDXJ is 8888
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GDXJ vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Junior Gold Miners ETF (GDXJ) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for GDXJ, currently valued at 1.54, compared to the broader market-1.000.001.002.003.004.00
GDXJ: 1.54
SPY: 0.54
The chart of Sortino ratio for GDXJ, currently valued at 2.10, compared to the broader market-2.000.002.004.006.008.00
GDXJ: 2.10
SPY: 0.89
The chart of Omega ratio for GDXJ, currently valued at 1.26, compared to the broader market0.501.001.502.00
GDXJ: 1.26
SPY: 1.13
The chart of Calmar ratio for GDXJ, currently valued at 0.84, compared to the broader market0.002.004.006.008.0010.0012.00
GDXJ: 0.84
SPY: 0.58
The chart of Martin ratio for GDXJ, currently valued at 6.39, compared to the broader market0.0020.0040.0060.00
GDXJ: 6.39
SPY: 2.39

The current GDXJ Sharpe Ratio is 1.54, which is higher than the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of GDXJ and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.54
0.54
GDXJ
SPY

Dividends

GDXJ vs. SPY - Dividend Comparison

GDXJ's dividend yield for the trailing twelve months is around 1.79%, more than SPY's 1.31% yield.


TTM20242023202220212020201920182017201620152014
GDXJ
VanEck Vectors Junior Gold Miners ETF
1.79%2.61%0.72%0.51%1.78%1.58%0.39%0.45%0.03%4.78%0.72%0.74%
SPY
SPDR S&P 500 ETF
1.31%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

GDXJ vs. SPY - Drawdown Comparison

The maximum GDXJ drawdown since its inception was -88.66%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GDXJ and SPY. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-52.79%
-10.54%
GDXJ
SPY

Volatility

GDXJ vs. SPY - Volatility Comparison

VanEck Vectors Junior Gold Miners ETF (GDXJ) has a higher volatility of 17.58% compared to SPDR S&P 500 ETF (SPY) at 15.13%. This indicates that GDXJ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
17.58%
15.13%
GDXJ
SPY