RDIV vs. GDX
RDIV (Invesco S&P Ultra Dividend Revenue ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 10 years, RDIV returned 11.04%/yr vs 13.81%/yr for GDX. At a 0.16 correlation, their price movements are largely independent. RDIV charges 0.39%/yr vs 0.51%/yr for GDX.
Performance
RDIV vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, RDIV achieves a 14.73% return, which is significantly higher than GDX's -0.58% return. Over the past 10 years, RDIV has underperformed GDX with an annualized return of 11.04%, while GDX has yielded a comparatively higher 13.81% annualized return.
RDIV
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 14.73%
- 6M
- 12.64%
- 1Y
- 29.81%
- 3Y*
- 18.46%
- 5Y*
- 10.99%
- 10Y*
- 11.04%
GDX
- 1D
- 6.55%
- 1M
- -2.38%
- YTD
- -0.58%
- 6M
- 1.22%
- 1Y
- 57.71%
- 3Y*
- 41.18%
- 5Y*
- 19.97%
- 10Y*
- 13.81%
RDIV vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDIV Invesco S&P Ultra Dividend Revenue ETF | 14.73% | 12.36% | 15.17% | 4.66% | 7.16% | 29.12% | -9.31% | 22.62% | -4.78% | 11.63% |
GDX VanEck Gold Miners ETF | -0.58% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between RDIV and GDX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013 | 0.16 |
The correlation between RDIV and GDX shifts across timeframes, from 0.08 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RDIV vs. GDX — Risk / Return Rank
RDIV
GDX
RDIV vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) 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.
| RDIV | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.18 | 1.60 | +4.58 |
| Martin ratioReturn relative to average drawdown | 18.36 | 4.39 | +13.97 |
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Drawdowns
RDIV vs. GDX - Drawdown Comparison
The maximum RDIV drawdown since its inception was -49.97%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for RDIV and GDX.
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Drawdown Indicators
| RDIV | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.97% | -80.34% | +30.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -36.28% | +31.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -36.28% | +18.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -46.51% | +21.62% |
Max Drawdown (10Y)Largest decline over 10 years | -49.97% | -49.79% | -0.18% |
Current DrawdownCurrent decline from peak | -1.73% | -26.39% | +24.66% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -40.41% | +34.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 13.22% | -11.59% |
Volatility
RDIV vs. GDX - Volatility Comparison
The current volatility for Invesco S&P Ultra Dividend Revenue ETF (RDIV) is 4.07%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.56%. This indicates that RDIV 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
| RDIV | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 18.56% | -14.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 39.52% | -30.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 47.30% | -34.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 36.86% | -19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 37.37% | -15.47% |
RDIV vs. GDX - Expense Ratio Comparison
RDIV has a 0.39% expense ratio, which is lower than GDX's 0.51% expense ratio.
Dividends
RDIV vs. GDX - Dividend Comparison
RDIV's dividend yield for the trailing twelve months is around 3.57%, more than GDX's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.74% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
RDIV Invesco S&P Ultra Dividend Revenue ETF | 3.57% | 3.94% | 4.08% | 3.93% | 3.44% | 3.31% | 4.93% | 3.84% | 4.32% | 4.26% | 2.20% | 4.49% |
Frequently Asked Questions
RDIV and GDX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (18.56%) compared to RDIV (4.07%). In terms of maximum drawdown, RDIV dropped -49.97% vs GDX's -80.34%.
On 10-year performance, GDX leads with 13.81% vs 11.04% for RDIV. On fees, RDIV is cheaper at 0.39% per year. On volatility, RDIV has been the lower-risk option at 4.07%. 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 13.81% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDIV is cheaper with a 0.39% expense ratio, compared with 0.51% for GDX.
RDIV has the higher dividend yield at 3.57%, compared with 0.74% for GDX.
RDIV is categorized as Mid Cap Value Equities, while GDX is Gold. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while GDX tracks NYSE MarketVector Global Gold Miners Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.39% for RDIV and 0.51% for GDX.
RDIV currently has the higher Sharpe Ratio (2.26 vs 1.23), 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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