GDXJ vs. SPY
Compare and contrast key facts about VanEck Vectors Junior Gold Miners ETF (GDXJ) and SPDR S&P 500 ETF (SPY).
GDXJ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both GDXJ and SPY 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 SPY.
Key characteristics
| GDXJ | SPY | |
|---|---|---|
| YTD Return | 21.29% | 26.77% |
| 1Y Return | 42.25% | 37.43% |
| 3Y Return (Ann) | -0.39% | 10.15% |
| 5Y Return (Ann) | 5.17% | 15.86% |
| 10Y Return (Ann) | 7.05% | 13.33% |
| Sharpe Ratio | 1.13 | 3.06 |
| Sortino Ratio | 1.70 | 4.08 |
| Omega Ratio | 1.20 | 1.58 |
| Calmar Ratio | 0.53 | 4.44 |
| Martin Ratio | 4.85 | 20.11 |
| Ulcer Index | 8.44% | 1.85% |
| Daily Std Dev | 36.17% | 12.18% |
| Max Drawdown | -88.66% | -55.19% |
| Current Drawdown | -66.01% | -0.31% |
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.
Performance
GDXJ vs. SPY - Performance Comparison
In the year-to-date period, GDXJ achieves a 21.29% return, which is significantly lower than SPY's 26.77% return. Over the past 10 years, GDXJ has underperformed SPY with an annualized return of 7.05%, while SPY has yielded a comparatively higher 13.33% 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. SPY - Expense Ratio Comparison
GDXJ has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
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.
Dividends
GDXJ vs. SPY - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 0.60%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Vectors Junior Gold Miners ETF | 0.60% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% | 0.74% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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.
Volatility
GDXJ vs. SPY - Volatility Comparison
VanEck Vectors Junior Gold Miners ETF (GDXJ) has a higher volatility of 10.80% compared to SPDR S&P 500 ETF (SPY) at 3.88%. 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.