REMX vs. GDX
REMX (VanEck Rare Earth and Strategic Metals ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 10 years, REMX returned 5.71%/yr vs 10.74%/yr for GDX. Their 0.30 correlation means their historical movements had little consistent relationship. REMX charges 0.59%/yr vs 0.51%/yr for GDX.
Performance
REMX vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, REMX achieves a -8.51% return, which is significantly higher than GDX's -11.33% return. Over the past 10 years, REMX has underperformed GDX with an annualized return of 5.71%, while GDX has yielded a comparatively higher 10.74% annualized return.
REMX
- 1D
- 2.52%
- 1M
- -22.01%
- 6M
- -20.26%
- YTD
- -8.51%
- 1Y
- 39.51%
- 3Y*
- -4.05%
- 5Y*
- -7.38%
- 10Y*
- 5.71%
- ALL TIME*
- -5.20%
GDX
- 1D
- 2.63%
- 1M
- -3.03%
- 6M
- -19.26%
- YTD
- -11.33%
- 1Y
- 46.05%
- 3Y*
- 38.64%
- 5Y*
- 18.57%
- 10Y*
- 10.74%
- ALL TIME*
- 4.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27B | $1.28B | $1.79B | |
| $46.30M | $55.44M | $85.35M |
REMX vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REMX VanEck Rare Earth and Strategic Metals ETF | -8.51% | 92.95% | -35.02% | -19.18% | -31.13% | 79.81% | 64.82% | 0.74% | -49.63% | 82.60% |
GDX VanEck Gold Miners ETF | -11.33% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between REMX and GDX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010 | 0.30 |
Over the past year, REMX and GDX have become more correlated (0.51) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
REMX vs. GDX — Risk / Return Rank
REMX
GDX
REMX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals ETF (REMX) 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.
| REMX | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.19 | -0.22 |
| Martin ratioReturn relative to average drawdown | 2.93 | 2.55 | +0.38 |
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Drawdowns
REMX vs. GDX - Drawdown Comparison
The maximum REMX drawdown since its inception was -90.20%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for REMX and GDX.
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Drawdown Indicators
| REMX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -80.34% | -9.86% |
Max Drawdown (1Y)Largest decline over 1 year | -41.03% | -38.93% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -58.11% | -38.93% | -19.18% |
Max Drawdown (5Y)Largest decline over 5 years | -73.34% | -46.51% | -26.83% |
Max Drawdown (10Y)Largest decline over 10 years | -73.34% | -49.79% | -23.55% |
Current DrawdownCurrent decline from peak | -69.03% | -34.35% | -34.68% |
Average DrawdownAverage peak-to-trough decline | -66.81% | -40.37% | -26.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.50% | 18.10% | -4.60% |
Volatility
REMX vs. GDX - Volatility Comparison
VanEck Rare Earth and Strategic Metals ETF (REMX) and VanEck Gold Miners ETF (GDX) have volatilities of 12.38% and 12.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REMX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.38% | 12.19% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 36.40% | 37.71% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.95% | 48.63% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.59% | 37.26% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.32% | 37.36% | -0.04% |
REMX vs. GDX - Expense Ratio Comparison
REMX has a 0.59% expense ratio, which is higher than GDX's 0.51% expense ratio.
Dividends
REMX vs. GDX - Dividend Comparison
REMX's dividend yield for the trailing twelve months is around 1.92%, more than GDX's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.83% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.92% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
REMX and GDX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REMX has higher volatility (12.38%) compared to GDX (12.19%). In terms of maximum drawdown, REMX dropped -90.20% vs GDX's -80.34%.
On 10-year performance, GDX leads with 10.74% vs 5.71% for REMX. On fees, GDX is cheaper at 0.51% per year. On volatility, GDX has been the lower-risk option at 12.19%. 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 10.74% return vs 5.71%. 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 0.59% for REMX.
REMX has the higher dividend yield at 1.92%, compared with 0.83% for GDX.
REMX is categorized as Rare Earth & Strategic Metals, while GDX is Gold. REMX tracks MarketVector Global Rare Earth/Strategic Metals Index, while GDX tracks NYSE MarketVector Global Gold Miners Index. Their fees differ too: 0.59% for REMX and 0.51% for GDX.
GDX currently has the higher Sharpe Ratio (0.95 vs 0.80), 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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