Data as of Oct 28, 2026.
GDX vs GDXW: Differences, Returns & Fees
GDX and GDXW are measured over different days, and GDX charges 0.51% to GDXW's 0.99%.
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Net assets: $25.6bn on Oct 27, 2026 for VanEck Gold Miners ETF, and $79m on Oct 28, 2026 for Roundhill Gold Miners WeeklyPay ETF.
Pair scorecard
GDX costs 0.48 points a year less; GDX is far larger, $25.6bn against $78m.
| Measure | GDX | GDXW |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.0% | not published |
| Cash paid, share of starting value, since Oct 30, 2025 | 49.4% | |
| Price change, since Oct 30, 2025 | fell 33.4% | |
| Latest payout, annualized | 48.7% | |
| Return of capital, issuer estimate | 100% of the Oct 27, 2026 payment | |
| Drawdown | ||
| Below its all-time high | 27.5%, high on Feb 27, 2026 | |
| Against its benchmark | ||
| What it tracks | Gold miners | Benchmark: Gold miners, measured through GDX |
| Against its benchmark, 1 year | ahead by 5.6 pts | |
| Against its benchmark, same days | behind by 5.7 pts | |
| Cost and size | ||
| Expense ratio | 0.51% | 0.99% |
| Net assets, as of Oct 27, 2026 | $25.6bn | $78m |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 12% | |
| Top ten holdings, share of the fund | 60% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 7, 2025 to Oct 23, 2026 · 50 weekly returnsGDX returned more: +11.3% to +5.7%. GDX fell less at its worst: −38.4% to −46.2%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | GDX | GDXW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +11.3% | +5.7% | GDX | Price change plus distributions, reinvested. |
| Price return | +10.5% | −35.5% | GDX | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −38.4% | −46.2% | GDX | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 50 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDX and GDXW hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
GDX and GDXW on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: ETFIQ prints no one-year total return for GDXW; the two funds' holdings are dated 119 days apart.
GDX
By weight, 12% of GDX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 60% of the fund across 59 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +19.0% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 5.6 pts. It sits 27.5% below its all-time high of Feb 27, 2026.
GDXW
Over the period from its first trade on Oct 30, 2025 to Oct 28, 2026, GDXW paid 49.4% of its starting value in cash distributions while its price fell 33.4%. With every distribution reinvested, the fund returned +10.3%. Gold miners (GDX) returned +16.0% over the same days, so a holder was behind by 5.7 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 48.7%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are GDX and GDXW in the same category?
- GDX is a thematic ETF and GDXW is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which is cheaper, GDX or GDXW?
- GDX is cheaper, by 0.48 percentage points a year. That is about $48 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, GDX against GDXW, data as of Oct 28, 2026. https://etfiq.com/compare/any/gdx-vs-gdxw
ETFIQ. (Oct 28, 2026). GDX against GDXW. Retrieved from https://etfiq.com/compare/any/gdx-vs-gdxw
[GDX against GDXW (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gdx-vs-gdxw)
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