Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

GBUG vs GDXJ: which is really different?

GBUG and GDXJ hold 37% of their weight in the same names, and GBUG returned more over the year.

Sprott Active Gold & Silver Miners ETF and VanEck Junior Gold Miners ETF.

3.3%GBUG in the S&P 500
0.0%GDXJ in the S&P 500
+50.5%GBUG total return, 1 year
+45.2%GDXJ total return, 1 year

ETFIQ Off-Index Score: GDXJ scores higher

How much of it is not the index it is sold as an alternative to?

GBUG 77.7GDXJ 91.80.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

GBUG97% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
3%97%3% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 41% of the fund · 44 holdings filed Sep 18, 2026 · Nasdaq-100: 0% in3%97%3% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 41% of the fund
GDXJ100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 42% of the fund · 157 holdings filed Sep 17, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 42% of the fund

37% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, GBUG and GDXJ hold 37% of their money in the same securities at the same weight.

Positions GBUG and GDXJ both hold, largest shared weight first
HoldingGBUGGDXJ
IAMGOLD Corp.4.15%5.14%
Coeur Mining Inc.3.82%6.84%
Equinox Gold Corp.3.15%6.04%
Alamos Gold Inc.1.94%6.53%
G Mining Ventures Corp.4.94%1.90%
Eldorado Gold Corp.4.00%1.68%
SSR Mining Inc.1.78%1.55%
Discovery Mining Ltd.4.55%1.38%
Montage Gold Corp.4.00%1.23%
Cia de Minas Buenaventura SAA1.16%1.59%
K92 Mining Inc.2.18%1.08%
Ramelius Resources Ltd.3.05%1.07%
Only in each
Only in GBUGOnly in GDXJ
DPM Metals Inc. 5.29%Endeavour Mining Plc 5.64%
Wesdome Gold Mines Ltd. 3.81%Industrias Penoles Sab De Cv 2.59%
Newmont Corp. 3.32%Hecla Mining Co 2.43%
Wheaton Precious Metals Corp. 3.31%First Majestic Silver Corp 2.39%
Agnico Eagle Mines Ltd. 3.16%Lundin Gold Inc 1.76%
Northern Star Resources Ltd. 2.93%Dundee Precious Metals Inc 1.72%
Anglogold Ashanti PLC 2.42%B2gold Corp 1.70%
Evolution Mining Ltd. 2.29%Harmony Gold Mining Co Ltd 1.65%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.

Performance, window by window

GBUG and GDXJ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
GBUGGDXJGBUGGDXJGBUGGDXJ
3 months+19.9%+16.1%+17.6 pts+13.8 pts+22.4 pts+18.5 pts
6 months+26.4%+18.8%+8.4 pts+0.7 pts+2.2 pts−5.5 pts
1 year+50.5%+45.2%+33.9 pts+28.7 pts+28.7 pts+23.5 pts
3 yearsnot published+274.9%not published+196.5 ptsnot published+176.7 pts
Since launch+150.3%+64.0%+123.0 pts−739.5 pts+115.0 pts−1626.2 pts
Open the live comparison on ETFIQ
GBUG and GDXJ on the same fields, as of Sep 18, 2026. Source: ETFIQ.
GBUG
Sprott Active Gold & Silver Miners ETF
Holds 44 stocks in gold miners, 3% of its weight in S&P 500 companies
GDXJ
VanEck Junior Gold Miners ETF
Holds 157 stocks in gold miners, 0% of its weight in S&P 500 companies
IssuerSprottVanEck
ThemeGold minersGold miners
In the S&P 5003.3%0.0%
Active share vs the S&P 50099.8%100.0%
In the Nasdaq-1000.0%0.0%
Holdings44157
Top ten, share of the fund41.2%41.6%
Expense ratio0.90%0.52%
Fee for the differing part0.90%0.52%
Total return, 1 year+50.5%+45.2%
vs the S&P 500+33.9 pts+28.7 pts
vs the Nasdaq-100+28.7 pts+23.5 pts
Below its high−14.2%−20.3%
Net assets$192m$9.2bn

GBUG in plain words

By weight, 3% of GBUG'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 41% of the fund across 44 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.9 pts. It sits 14.2% below its all-time high of Feb 27, 2026.

GDXJ in plain words

By weight, 0% of GDXJ'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 42% of the fund across 157 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +45.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 28.7 pts. It sits 20.3% below its all-time high of Feb 27, 2026.

Questions people ask

Do GBUG and GDXJ hold the same stocks?
By their latest filings, 37% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GBUG or GDXJ?
GBUG has 3% of its weight in S&P 500 names and GDXJ has 0%, so GDXJ differs more from the index.
Which is cheaper, GBUG or GDXJ?
GBUG charges 0.90% a year and GDXJ charges 0.52%, so GDXJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

GBUG against GDXJ, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GBUG against GDXJ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gbug-vs-gdxj Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources