Data as of .
GDMN vs GDX: which is really different?
GDMN and GDX hold 77% of their weight in the same names.
ETFIQ Off-Index Score: GDMN scores higher
How much of it is not the index it is sold as an alternative to?
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
77% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GDMN and GDX hold 77% of their money in the same securities at the same weight.
| Holding | GDMN | GDX |
|---|---|---|
| NEWMONT CORP | 12.40% | 10.88% |
| AGNICO EAGLE MINES LTD | 7.93% | 10.99% |
| BARRICK MINING CORP | 8.21% | 7.75% |
| ANGLOGOLD ASHANTI PLC | 6.25% | 4.96% |
| WHEATON PRECIOUS METALS CORP | 4.31% | 5.74% |
| KINROSS GOLD CORP | 5.78% | 4.12% |
| GOLD FIELDS LTD | 4.79% | 4.11% |
| FRANCO-NEVADA CORP | 3.93% | 5.22% |
| PAN AMERICAN SILVER CORP | 3.93% | 2.72% |
| NORTHERN STAR RESOURCES LTD | 2.94% | 2.45% |
| COEUR MINING INC | 2.19% | 2.19% |
| ROYAL GOLD INC | 2.75% | 1.94% |
| Only in GDMN | Only in GDX |
|---|---|
| ZIJIN MINING GROUP CO LTD 1.44% | Industrias Penoles Sab De Cv 1.42% |
| DPM METALS INC 1.23% | Hecla Mining Co 1.33% |
| ZHAOJIN MINING INDUSTRY COMPANY LTD 0.70% | First Majestic Silver Corp 1.31% |
| G MINING VENTURES CORP (NEW) 0.64% | Zijin Gold International Co Ltd 1.18% |
| WESDOME GOLD MINES LTD 0.54% | G Mining Ventures Corp 1.04% |
| FORTUNA MINING CORP 0.31% | Dundee Precious Metals Inc 0.94% |
| SHANDONG GOLD MINING COMPANY LTD 0.24% | Discovery Mining Ltd 0.76% |
| RESOLUTE MINING LTD 0.15% | Amman Mineral Internasional Pt 0.72% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GDMN | GDX | GDMN | GDX | GDMN | GDX | |
| 3 months | +13.8% | +15.7% | +11.5 pts | +13.5 pts | +16.3 pts | +18.2 pts |
| 6 months | +8.7% | +19.2% | −9.4 pts | +1.1 pts | −15.6 pts | −5.1 pts |
| 1 year | +40.2% | +39.8% | +23.7 pts | +23.2 pts | +18.5 pts | +18.0 pts |
| 3 years | +381.8% | +236.3% | +303.4 pts | +157.8 pts | +283.6 pts | +138.1 pts |
| Since launch | +342.7% | +133.2% | +268.0 pts | −670.3 pts | +250.7 pts | −1557.0 pts |
| GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund Holds 54 stocks in gold miners, 12% of its weight in S&P 500 companies | GDX VanEck Gold Miners ETF Holds 59 stocks in gold miners, 11% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | WisdomTree | VanEck |
| Theme | Gold miners | Gold miners |
| In the S&P 500 | 12.4% | 10.9% |
| Active share vs the S&P 500 | 99.8% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 54 | 59 |
| Top ten, share of the fund | 60.6% | 58.5% |
| Expense ratio | 0.45% | 0.51% |
| Fee for the differing part | 0.45% | 0.51% |
| Total return, 1 year | +40.2% | +39.8% |
| vs the S&P 500 | +23.7 pts | +23.2 pts |
| vs the Nasdaq-100 | +18.5 pts | +18.0 pts |
| Below its high | −33.8% | −17.6% |
| Net assets | $223m | $28.4bn |
GDMN in plain words
By weight, 12% of GDMN'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 61% of the fund across 54 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +40.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 23.7 pts. It sits 33.8% below its all-time high of Jan 28, 2026.
GDX in plain words
By weight, 11% 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 58% of the fund across 59 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +39.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 23.2 pts. It sits 17.6% below its all-time high of Feb 27, 2026.
Questions people ask
- Do GDMN and GDX hold the same stocks?
- By their latest filings, 77% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, GDMN or GDX?
- GDMN has 12% of its weight in S&P 500 names and GDX has 11%, so GDMN differs more from the index.
- Which is cheaper, GDMN or GDX?
- GDMN charges 0.45% a year and GDX charges 0.51%, so GDMN 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.
Cite this page. ETFIQ, GDMN against GDX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gdmn-vs-gdx Free to use with attribution; the underlying files are at Open data.