THNQ vs. GDX
THNQ (ROBO Global Artificial Intelligence ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - THNQ is a Technology Equities fund tracking the ROBO Global Artificial Intelligence Index, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 5 years, THNQ returned 15.90%/yr vs 17.51%/yr for GDX. At a 0.28 correlation, their price movements are largely independent. THNQ charges 0.68%/yr vs 0.51%/yr for GDX.
Performance
THNQ vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, THNQ achieves a 35.69% return, which is significantly higher than GDX's -6.69% return.
THNQ
- 1D
- 0.63%
- 1M
- 7.14%
- YTD
- 35.69%
- 6M
- 34.00%
- 1Y
- 67.55%
- 3Y*
- 33.39%
- 5Y*
- 15.90%
- 10Y*
- —
GDX
- 1D
- 2.97%
- 1M
- -14.82%
- YTD
- -6.69%
- 6M
- -5.89%
- 1Y
- 48.02%
- 3Y*
- 38.96%
- 5Y*
- 17.51%
- 10Y*
- 13.29%
THNQ vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
THNQ ROBO Global Artificial Intelligence ETF | 35.69% | 29.83% | 18.82% | 56.81% | -39.84% | 9.10% | 60.92% |
GDX VanEck Gold Miners ETF | -6.69% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 3.87% |
Correlation
The correlation between THNQ and GDX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.28 |
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Return for Risk
THNQ vs. GDX — Risk / Return Rank
THNQ
GDX
THNQ vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) 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.
| THNQ | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.40 | +2.11 |
| Martin ratioReturn relative to average drawdown | 11.22 | 3.87 | +7.35 |
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Drawdowns
THNQ vs. GDX - Drawdown Comparison
The maximum THNQ drawdown since its inception was -50.56%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for THNQ and GDX.
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Drawdown Indicators
| THNQ | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.56% | -80.34% | +29.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.39% | -36.28% | +17.89% |
Max Drawdown (3Y)Largest decline over 3 years | -29.88% | -36.28% | +6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | -46.51% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.79% | — |
Current DrawdownCurrent decline from peak | -7.88% | -30.91% | +23.03% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -40.41% | +25.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 13.11% | -7.37% |
Volatility
THNQ vs. GDX - Volatility Comparison
The current volatility for ROBO Global Artificial Intelligence ETF (THNQ) is 12.29%, while VanEck Gold Miners ETF (GDX) has a volatility of 17.20%. This indicates that THNQ 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
| THNQ | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 17.20% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 22.64% | 39.15% | -16.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.89% | 46.89% | -19.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.33% | 36.74% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.82% | 37.34% | -8.52% |
THNQ vs. GDX - Expense Ratio Comparison
THNQ has a 0.68% expense ratio, which is higher than GDX's 0.51% expense ratio.
Dividends
THNQ vs. GDX - Dividend Comparison
THNQ's dividend yield for the trailing twelve months is around 0.15%, less than GDX's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.79% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
THNQ ROBO Global Artificial Intelligence ETF | 0.15% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THNQ and GDX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (17.20%) compared to THNQ (12.29%). In terms of maximum drawdown, THNQ dropped -50.56% vs GDX's -80.34%.
On 5-year performance, GDX leads with 17.51% vs 15.90% for THNQ. On fees, GDX is cheaper at 0.51% per year. On volatility, THNQ has been the lower-risk option at 12.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDX has performed better with a 17.51% return vs 15.90%. 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 0.68% for THNQ.
GDX has the higher dividend yield at 0.79%, compared with 0.15% for THNQ.
THNQ is categorized as Technology Equities, while GDX is Gold. THNQ tracks ROBO Global Artificial Intelligence Index, while GDX tracks NYSE MarketVector Global Gold Miners Index. They also come from different issuers: Exchange Traded Concepts and VanEck. Their fees differ too: 0.68% for THNQ and 0.51% for GDX.
THNQ currently has the higher Sharpe Ratio (2.32 vs 1.09), 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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