IDX vs. GDXJ

Last updated Jul 17, 2026

IDX (VanEck Vectors Indonesia Index ETF) and GDXJ (VanEck Junior Gold Miners ETF) are both exchange-traded funds - IDX is a Indonesia Equities fund tracking the MVIS Indonesia Index, while GDXJ is a Gold fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 10 years, IDX returned -4.99%/yr vs 8.32%/yr for GDXJ. At a 0.28 correlation, their price movements are largely independent. IDX charges 0.57%/yr vs 0.52%/yr for GDXJ.

Performance

IDX vs. GDXJ - Performance Comparison

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

Returns By Period

In the year-to-date period, IDX achieves a -35.13% return, which is significantly lower than GDXJ's -18.57% return. Over the past 10 years, IDX has underperformed GDXJ with an annualized return of -4.99%, while GDXJ has yielded a comparatively higher 8.32% 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%

GDXJ

• 1D: -4.04%
• 1M: -19.04%
• 6M: -27.13%
• YTD: -18.57%
• 1Y: 40.44%
• 3Y*: 36.46%
• 5Y*: 17.45%
• 10Y*: 8.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDX vs. GDXJ - 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%
GDXJ VanEck Junior Gold Miners ETF	-18.57%	172.28%	15.67%	7.12%	-14.53%	-21.25%	30.40%	40.44%	-11.02%	8.22%

Correlation

The correlation between IDX and GDXJ 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	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 11, 2009	0.28

IDX vs. GDXJ - Sectors Allocation Comparison

Sectors	IDX	GDXJ
Financial Services	25.9%	0.1%
Basic Materials	22.1%	99.7%
Consumer Defensive	10.1%	-
Energy	10.1%	-
Communication Services	8.8%	-
Consumer Cyclical	8.0%	-
Industrials	5.6%	-
Utilities	3.9%	-
Healthcare	1.8%	-
Real Estate	1.5%	-
Technology	0.2%	-

Return for Risk

IDX vs. GDXJ — Risk / Return Rank

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

IDX

IDX Risk / Return Rank: 2
IDX Sharpe Ratio Rank: 2
IDX Sortino Ratio Rank: 2
IDX Omega Ratio Rank: 2
IDX Calmar Ratio Rank: 4
IDX Martin Ratio Rank: 1

GDXJ

GDXJ Risk / Return Rank: 26
GDXJ Sharpe Ratio Rank: 25
GDXJ Sortino Ratio Rank: 26
GDXJ Omega Ratio Rank: 28
GDXJ Calmar Ratio Rank: 25
GDXJ Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDX vs. GDXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) and VanEck Junior Gold Miners ETF (GDXJ). 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	GDXJ	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	0.76	-1.76
Sortino ratio: Return per unit of downside risk	-1.31	1.24	-2.55
Omega ratio: Gain probability vs. loss probability	0.83	1.16	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.63	1.00	-1.63
Martin ratio: Return relative to average drawdown	-1.51	2.29	-3.80

IDX vs. GDXJ - Sharpe Ratio Comparison

The current IDX Sharpe Ratio is -1.00, which is lower than the GDXJ Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of IDX and GDXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDX vs. GDXJ - Drawdown Comparison

The maximum IDX drawdown since its inception was -63.14%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for IDX and GDXJ.

Drawdown Indicators

	IDX	GDXJ	Difference
Max Drawdown Largest peak-to-trough decline	-63.14%	-88.66%	+25.52%
Max Drawdown (1Y) Largest decline over 1 year	-44.52%	-40.68%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-46.73%	-40.68%	-6.05%
Max Drawdown (5Y) Largest decline over 5 years	-51.25%	-48.79%	-2.46%
Max Drawdown (10Y) Largest decline over 10 years	-59.11%	-57.77%	-1.34%
Current Drawdown Current decline from peak	-56.00%	-40.68%	-15.32%
Average Drawdown Average peak-to-trough decline	-25.03%	-60.32%	+35.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.48%	17.74%	+0.74%

Volatility

IDX vs. GDXJ - Volatility Comparison

The current volatility for VanEck Vectors Indonesia Index ETF (IDX) is 8.35%, while VanEck Junior Gold Miners ETF (GDXJ) has a volatility of 14.07%. This indicates that IDX experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDX	GDXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.35%	14.07%	-5.72%
Volatility (6M) Calculated over the trailing 6-month period	25.89%	44.66%	-18.77%
Volatility (1Y) Calculated over the trailing 1-year period	28.05%	53.34%	-25.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.21%	41.93%	-20.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.48%	44.27%	-19.79%

IDX vs. GDXJ - Expense Ratio Comparison

IDX has a 0.57% expense ratio, which is higher than GDXJ's 0.52% expense ratio.

Dividends

IDX vs. GDXJ - Dividend Comparison

IDX's dividend yield for the trailing twelve months is around 3.21%, more than GDXJ's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDXJ VanEck Junior Gold Miners ETF	2.86%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%
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

Can I hold both IDX and GDXJ in my portfolio?

IDX and GDXJ 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.

Which is riskier, IDX or GDXJ?

GDXJ has higher volatility (14.07%) compared to IDX (8.35%). In terms of maximum drawdown, IDX dropped -63.14% vs GDXJ's -88.66%.

Which ETF is better, IDX or GDXJ?

On 10-year performance, GDXJ leads with 8.32% vs -4.99% for IDX. On fees, GDXJ is cheaper at 0.52% 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.

Which ETF has performed better, IDX or GDXJ?

Over the 10-year period, GDXJ has performed better with a 8.32% return vs -4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDX or GDXJ?

GDXJ is cheaper with a 0.52% expense ratio, compared with 0.57% for IDX.

Which ETF pays a higher dividend yield, IDX or GDXJ?

IDX has the higher dividend yield at 3.21%, compared with 2.86% for GDXJ.

What is the main difference between IDX and GDXJ?

IDX is categorized as Indonesia Equities, while GDXJ is Gold. IDX tracks MVIS Indonesia Index, while GDXJ tracks MVIS Global Junior Gold Miners Index. Their fees differ too: 0.57% for IDX and 0.52% for GDXJ.

Which has better risk-adjusted returns?

GDXJ currently has the higher Sharpe Ratio (0.76 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.