TDIV vs. GDX
TDIV (First Trust NASDAQ Technology Dividend Index Fund) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 10 years, TDIV returned 18.79%/yr vs 13.81%/yr for GDX. At a 0.19 correlation, their price movements are largely independent. TDIV charges 0.50%/yr vs 0.51%/yr for GDX.
Performance
TDIV vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV achieves a 23.55% return, which is significantly higher than GDX's -0.58% return. Over the past 10 years, TDIV has outperformed GDX with an annualized return of 18.79%, while GDX has yielded a comparatively lower 13.81% annualized return.
TDIV
- 1D
- 1.96%
- 1M
- 6.70%
- YTD
- 23.55%
- 6M
- 23.56%
- 1Y
- 40.67%
- 3Y*
- 28.46%
- 5Y*
- 18.13%
- 10Y*
- 18.79%
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%
TDIV vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 23.55% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 17.55% | 33.27% | -3.18% | 21.95% |
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 TDIV and GDX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012 | 0.19 |
The correlation between TDIV and GDX shifts across timeframes, from 0.19 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TDIV vs. GDX — Risk / Return Rank
TDIV
GDX
TDIV vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) 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.
| TDIV | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.60 | +2.00 |
| Martin ratioReturn relative to average drawdown | 10.83 | 4.39 | +6.43 |
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Drawdowns
TDIV vs. GDX - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for TDIV and GDX.
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Drawdown Indicators
| TDIV | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -80.34% | +48.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -36.28% | +24.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -36.28% | +13.28% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -46.51% | +14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | -49.79% | +17.82% |
Current DrawdownCurrent decline from peak | -7.08% | -26.39% | +19.31% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -40.41% | +35.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 13.22% | -9.45% |
Volatility
TDIV vs. GDX - Volatility Comparison
The current volatility for First Trust NASDAQ Technology Dividend Index Fund (TDIV) is 10.01%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.56%. This indicates that TDIV 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
| TDIV | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 18.56% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 39.52% | -23.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 47.30% | -27.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 36.86% | -15.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 37.37% | -16.39% |
TDIV vs. GDX - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is lower than GDX's 0.51% expense ratio.
Dividends
TDIV vs. GDX - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.18%, 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% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.18% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
Frequently Asked Questions
TDIV and GDX have a correlation of 0.38, 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 TDIV (10.01%). In terms of maximum drawdown, TDIV dropped -31.97% vs GDX's -80.34%.
On 10-year performance, TDIV leads with 18.79% vs 13.81% for GDX. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDIV has been the lower-risk option at 10.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TDIV has performed better with a 18.79% return vs 13.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDIV is cheaper with a 0.50% expense ratio, compared with 0.51% for GDX.
TDIV has the higher dividend yield at 1.18%, compared with 0.74% for GDX.
TDIV is categorized as Technology Equities, while GDX is Gold. TDIV tracks NASDAQ Technology Dividend Index, while GDX tracks NYSE MarketVector Global Gold Miners Index. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.50% for TDIV and 0.51% for GDX.
TDIV currently has the higher Sharpe Ratio (2.07 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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