Data as of Oct 28, 2026.
GDX vs VEA: Differences, Returns & Fees
Over the year to Oct 28, 2026, GDX returned +19.0% to VEA's +17.1%, and VEA charges 0.03% to GDX's 0.51%.
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Net assets: $25.6bn on Oct 27, 2026 for VanEck Gold Miners ETF, and $231.6bn on Sep 30, 2026 for Vanguard FTSE Developed Markets ETF.
Pair scorecard
VEA costs 0.48 points a year less; their one-year returns differ by 1.9 points.
| Measure | GDX | VEA |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.0% | +17.1% |
| Drawdown | ||
| Below its all-time high | 27.5%, high on Feb 27, 2026 | |
| Below its high | 4.4%, high on Aug 25, 2026 | |
| Against its benchmark | ||
| What it tracks | Gold miners | FTSE Developed All Cap ex US Index |
| Against its benchmark, 1 year | ahead by 5.6 pts | |
| Cost and size | ||
| Expense ratio | 0.51% | 0.03% |
| Net assets, GDX as of Oct 27, 2026 and VEA as of Sep 30, 2026 | $25.6bn | $231.6bn |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 60% | 13.6% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Aug 3, 2007 to Oct 23, 2026 · 1,003 weekly returnsVEA returned slightly more: +160.9% to +145.2%. VEA swung less: 19.5% to 38.8%. VEA fell less at its worst: −59.0% to −79.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GDX | VEA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +145.2% | +160.9% | VEA (slight) | Price change plus distributions, reinvested. |
| Annualized | +4.8% | +5.1% | VEA (slight) | Total return as a yearly rate. |
| Price return | +103.1% | +46.4% | GDX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 38.8% | 19.5% | VEA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 26.6% | 14.2% | VEA | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −79.2% | −59.0% | VEA | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.28 | 0.28 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.40 | 0.38 | GDX (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.06 | 0.09 | VEA | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,003 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDX and VEA hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
2% in common
Only in one fund ↓
Side by side
GDX and VEA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GDX and VEA do different jobs. What does each one do in a portfolio?
- What each follows. GDX follows Gold miners and VEA follows FTSE Developed All Cap ex US Index.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- Number of holdings. GDX holds 59 positions and VEA holds 3906.
Data as of Oct 28, 2026.
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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.
VEA
VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Are GDX and VEA in the same category?
- GDX is a thematic ETF and VEA is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, GDX or VEA?
- In the year to Oct 28, 2026, with distributions reinvested, GDX returned +19.0% and VEA +17.1%.
- Which is cheaper, GDX or VEA?
- VEA 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.
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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 VEA, data as of Oct 28, 2026. https://etfiq.com/compare/any/gdx-vs-vea
ETFIQ. (Oct 28, 2026). GDX against VEA. Retrieved from https://etfiq.com/compare/any/gdx-vs-vea
[GDX against VEA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gdx-vs-vea)
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