Do FMTL and GDX hold the same stocks?

By their latest filings, 22% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FMTL or GDX?

FMTL has 12% of its weight in S&P 500 names and GDX has 12%, so GDX differs more from the index.

Which is cheaper, FMTL or GDX?

FMTL charges 0.65% a year and GDX charges 0.51%, so GDX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMTL vs GDX: Holdings Overlap & Returns

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FMTL and GDX hold 22% of their weight in the same names.

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Net assets on Nov 3, 2026: $29m for First Trust Indxx Critical Metals ETF and $23.9bn for VanEck Gold Miners ETF.

FMTL on its own →GDX on its own →

At a glance

12.4%

FMTL in the S&P 500

11.6%

GDX in the S&P 500

+35.8%

FMTL total return, since launch, Nov 5, 2025

+24.8%

GDX total return, 1 year

FMTL · 6 months to Nov 4, 2026 88% of its weight is outside the S&P 500

12% of FMTL's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Nov 3, 2026.

GDX · 1 year to Nov 4, 2026 88% of its weight is outside the S&P 500

12% of GDX's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

GDX costs 0.14 points a year less; GDX is far larger, $23.9bn against $29m.

Points (pts) are percentage points.

FMTL vs GDX: Holdings Overlap & Returns
Measure	FMTL	GDX
Return
Measure	FMTL	GDX
Total return, 1 year	not published	+24.8%
Drawdown
Measure	FMTL	GDX
Below its all-time high	18.5%, high on Aug 25, 2026	27.0%, high on Feb 27, 2026
Against its benchmark
Measure	FMTL	GDX
What it tracks	Rare earth and critical materials	Gold miners
Its benchmark, total return, 1 year		+15.0%
Against its benchmark, 1 year		ahead by 9.8 pts
Cost and size
Measure	FMTL	GDX
Expense ratio	0.65%	0.51%
Net assets, as of Nov 3, 2026	$29m	$23.9bn
Holdings
Measure	FMTL	GDX
Holdings in common	22%

Method

What they share

22%

By the books each fund has filed, FMTL and GDX hold 22% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first FMTL GDX

Newmont Corporation 4.66% 11.67%

Barrick Mining Corporation 4.64% 8.16%

AngloGold Ashanti plc 4.50% 4.81%

Wheaton Precious Metals Corp. 4.36% 5.50%

Hecla Mining Company 1.07% 1.15%

OceanaGold Corporation 0.64% 0.86%

SSR Mining Inc. 0.64% 0.76%

Compania de Minas Buenaventura S.A.A. (ADR) 0.59% 0.84%

Centerra Gold Inc. 0.46% 0.54%

Only in one fund ↓

Only in FMTL

Grupo Mexico, S.A.B. de C.V. (Class B) 8.26%

BHP Group Limited 8.22%

Rio Tinto Plc 7.83%

Freeport-McMoRan Inc. 7.74%

Anglo American Plc 6.31%

Sumitomo Corporation 4.89%

Glencore Plc 4.51%

Vale S.A. (ADR) 4.10%

Only in GDX

Agnico Eagle Mines Ltd 11.35%

Franco-Nevada Corp 5.46%

Gold Fields Ltd 4.11%

Kinross Gold Corp 3.60%

Northern Star Resources Ltd 3.21%

Pan American Silver Corp 2.57%

Royal Gold Inc 2.21%

Equinox Gold Corp 1.86%

Check overlap with more funds →

Window by window

Window by window: FMTL vs GDX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FMTL	GDX	FMTL	GDX
3 months	−8.9%	+1.1%	not measured	+2.4 pts vs ACWI
6 months	−12.1%	−8.5%	not measured	−11.1 pts vs ACWI
1 year	–	+24.8%	–	+9.8 pts vs ACWI
3 years	–	+197.2%	–	+119.6 pts vs ACWI
Since launchNot the same days: FMTL Nov 2025 · GDX May 2006	+35.8%	+175.1%	not measured	not measured

– means no data for this window. Open this comparison in the app →

Side by side

FMTL First Trust Indxx Critical Metals ETF · Holds 46 stocks in rare earth and critical materials, 12% of its weight in S&P 500 companies GDX VanEck Gold Miners ETF · Holds 59 stocks in gold miners, 12% of its weight in S&P 500 companies

Issuer First Trust VanEck

Theme Rare earth and critical materials Gold miners

In the S&P 500 12.4% 11.6%

Active share vs the S&P 500 99.7% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 46 59

Top ten, share of the fund 61.6% 60.4%

Expense ratio 0.65% 0.51%

Fee for the differing part 0.65% 0.51%

Total return, 1 year +35.8% (since launch, Nov 5, 2025) +24.8%

vs its benchmark not measured +9.8 pts vs ACWI

Below its high −18.5% −27.0%

Net assets, as of Nov 3, 2026 $29m $23.9bn

As of Nov 4, 2026. Source: ETFIQ.

22% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FMTL

By weight, 12% of FMTL'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 62% of the fund across 46 positions, as published by its issuer for Nov 3, 2026. Since it first traded on Nov 5, 2025 the fund returned +35.8% with distributions reinvested. It sits 18.5% below its all-time high of Aug 25, 2026.

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 Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +24.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 9.8 pts. It sits 27.0% below its all-time high of Feb 27, 2026.

Questions people ask

Do FMTL and GDX hold the same stocks?: By their latest filings, 22% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FMTL or GDX?: FMTL has 12% of its weight in S&P 500 names and GDX has 12%, so GDX differs more from the index.
Which is cheaper, FMTL or GDX?: FMTL charges 0.65% a year and GDX charges 0.51%, so GDX is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMTL vs GDMN FMTL vs GDXJ FMTL vs RING FMTL vs SGDM GDX vs ISTM GDX vs WDIG GDX vs SETM GDX vs REMX

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FMTL on its own →GDX on its own →FMTL dividend history →FMTL holdings →GDX dividend history →GDX holdings →Method →Standards and sources →

Sources and dates

FMTL filings on SEC EDGAR ↗

FMTL prospectus with the expense ratio (SEC) ↗

First Trust page for FMTL ↗

GDX filings on SEC EDGAR ↗

GDX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FMTL against GDX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmtl-vs-gdx

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.