XMPT vs. GDXJ
XMPT (VanEck CEF Municipal Income ETF) and GDXJ (VanEck Junior Gold Miners ETF) are both exchange-traded funds - XMPT is a High Yield Muni fund tracking the S-Network Municipal Bond Closed-End Fund Index, while GDXJ is a Gold fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 10 years, XMPT returned 1.98%/yr vs 10.91%/yr for GDXJ. At a 0.19 correlation, their price movements are largely independent. XMPT charges 1.97%/yr vs 0.52%/yr for GDXJ.
Performance
XMPT vs. GDXJ - Performance Comparison
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Returns By Period
In the year-to-date period, XMPT achieves a 4.03% return, which is significantly higher than GDXJ's -11.62% return. Over the past 10 years, XMPT has underperformed GDXJ with an annualized return of 1.98%, while GDXJ has yielded a comparatively higher 10.91% annualized return.
XMPT
- 1D
- 0.59%
- 1M
- 3.08%
- YTD
- 4.03%
- 6M
- 5.11%
- 1Y
- 13.45%
- 3Y*
- 7.34%
- 5Y*
- -0.98%
- 10Y*
- 1.98%
GDXJ
- 1D
- -5.24%
- 1M
- -9.91%
- YTD
- -11.62%
- 6M
- -16.20%
- 1Y
- 51.11%
- 3Y*
- 44.53%
- 5Y*
- 17.86%
- 10Y*
- 10.91%
XMPT vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 4.03% | 8.01% | 7.01% | 2.55% | -24.02% | 7.94% | 7.70% | 20.36% | -5.85% | 8.28% |
GDXJ VanEck Junior Gold Miners ETF | -11.62% | 172.28% | 15.67% | 7.12% | -14.53% | -21.25% | 30.40% | 40.44% | -11.02% | 8.22% |
Correlation
The correlation between XMPT and GDXJ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2011 | 0.19 |
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Return for Risk
XMPT vs. GDXJ — Risk / Return Rank
XMPT
GDXJ
XMPT vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) 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.
| XMPT | GDXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.20 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.30 | +0.75 |
| Martin ratioReturn relative to average drawdown | 8.34 | 3.40 | +4.94 |
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Drawdowns
XMPT vs. GDXJ - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for XMPT and GDXJ.
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Drawdown Indicators
| XMPT | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -88.66% | +53.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -39.47% | +32.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -39.47% | +24.43% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -48.79% | +13.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | -57.77% | +22.53% |
Current DrawdownCurrent decline from peak | -7.43% | -35.62% | +28.19% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -60.40% | +51.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 15.08% | -13.46% |
Volatility
XMPT vs. GDXJ - Volatility Comparison
The current volatility for VanEck CEF Municipal Income ETF (XMPT) is 1.82%, while VanEck Junior Gold Miners ETF (GDXJ) has a volatility of 20.19%. This indicates that XMPT 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.
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Volatility by Period
| XMPT | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 20.19% | -18.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 44.45% | -38.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.28% | 52.42% | -45.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 41.71% | -32.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 44.30% | -33.93% |
XMPT vs. GDXJ - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is higher than GDXJ's 0.52% expense ratio.
Dividends
XMPT vs. GDXJ - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 6.23%, more than GDXJ's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | 2.63% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
XMPT VanEck CEF Municipal Income ETF | 6.23% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
Frequently Asked Questions
XMPT and GDXJ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXJ has higher volatility (20.19%) compared to XMPT (1.82%). In terms of maximum drawdown, XMPT dropped -35.24% vs GDXJ's -88.66%.
On 10-year performance, GDXJ leads with 10.91% vs 1.98% for XMPT. On fees, GDXJ is cheaper at 0.52% per year. On volatility, XMPT has been the lower-risk option at 1.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GDXJ has performed better with a 10.91% return vs 1.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDXJ is cheaper with a 0.52% expense ratio, compared with 1.97% for XMPT.
XMPT has the higher dividend yield at 6.23%, compared with 2.63% for GDXJ.
XMPT is categorized as High Yield Muni, while GDXJ is Gold. XMPT tracks S-Network Municipal Bond Closed-End Fund Index, while GDXJ tracks MVIS Global Junior Gold Miners Index. Their fees differ too: 1.97% for XMPT and 0.52% for GDXJ.
XMPT currently has the higher Sharpe Ratio (1.86 vs 0.98), 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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