IDX vs. GDX
IDX (VanEck Vectors Indonesia Index ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - IDX is a Indonesia Equities fund tracking the MVIS Indonesia Index, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 10 years, IDX returned -4.99%/yr vs 10.14%/yr for GDX. At a 0.25 correlation, their price movements are largely independent. IDX charges 0.57%/yr vs 0.51%/yr for GDX.
Performance
IDX vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, IDX achieves a -35.13% return, which is significantly lower than GDX's -16.75% return. Over the past 10 years, IDX has underperformed GDX with an annualized return of -4.99%, while GDX has yielded a comparatively higher 10.14% annualized return.
IDX
- 1D
- 1.52%
- 1M
- -4.80%
- 6M
- -37.48%
- YTD
- -35.13%
- 1Y
- -27.91%
- 3Y*
- -14.01%
- 5Y*
- -7.22%
- 10Y*
- -4.99%
GDX
- 1D
- -3.51%
- 1M
- -18.16%
- 6M
- -26.48%
- YTD
- -16.75%
- 1Y
- 38.79%
- 3Y*
- 32.25%
- 5Y*
- 17.67%
- 10Y*
- 10.14%
IDX vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | -35.13% | 13.83% | -9.75% | 1.98% | -9.40% | -2.59% | -7.45% | 6.26% | -10.46% | 19.24% |
GDX VanEck Gold Miners ETF | -16.75% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between IDX and GDX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2009 | 0.25 |
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Return for Risk
IDX vs. GDX — Risk / Return Rank
IDX
GDX
IDX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) and VanEck 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.
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.
| IDX | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.17 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.02 | -1.64 |
| Martin ratioReturn relative to average drawdown | -1.51 | 2.38 | -3.89 |
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Drawdowns
IDX vs. GDX - Drawdown Comparison
The maximum IDX drawdown since its inception was -63.14%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for IDX and GDX.
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Drawdown Indicators
| IDX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -80.34% | +17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -44.52% | -38.36% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -46.73% | -38.36% | -8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -51.25% | -46.51% | -4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -59.11% | -49.79% | -9.32% |
Current DrawdownCurrent decline from peak | -56.00% | -38.36% | -17.64% |
Average DrawdownAverage peak-to-trough decline | -25.03% | -40.38% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.48% | 16.35% | +2.13% |
Volatility
IDX vs. GDX - Volatility Comparison
The current volatility for VanEck Vectors Indonesia Index ETF (IDX) is 8.35%, while VanEck Gold Miners ETF (GDX) has a volatility of 11.88%. This indicates that IDX experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | 11.88% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 25.89% | 39.98% | -14.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.05% | 48.15% | -20.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.21% | 37.09% | -15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 37.37% | -12.89% |
IDX vs. GDX - Expense Ratio Comparison
IDX has a 0.57% expense ratio, which is higher than GDX's 0.51% expense ratio.
Dividends
IDX vs. GDX - Dividend Comparison
IDX's dividend yield for the trailing twelve months is around 3.21%, more than GDX's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.89% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
IDX VanEck Vectors Indonesia Index ETF | 3.21% | 2.08% | 4.01% | 3.62% | 3.64% | 1.08% | 1.66% | 2.21% | 2.19% | 1.85% | 1.16% | 2.43% |
Frequently Asked Questions
IDX and GDX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (11.88%) compared to IDX (8.35%). In terms of maximum drawdown, IDX dropped -63.14% vs GDX's -80.34%.
On 10-year performance, GDX leads with 10.14% vs -4.99% for IDX. On fees, GDX is cheaper at 0.51% per year. On volatility, IDX has been the lower-risk option at 8.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GDX has performed better with a 10.14% return vs -4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDX is cheaper with a 0.51% expense ratio, compared with 0.57% for IDX.
IDX has the higher dividend yield at 3.21%, compared with 0.89% for GDX.
IDX is categorized as Indonesia Equities, while GDX is Gold. IDX tracks MVIS Indonesia Index, while GDX tracks NYSE MarketVector Global Gold Miners Index. Their fees differ too: 0.57% for IDX and 0.51% for GDX.
GDX currently has the higher Sharpe Ratio (0.81 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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