Data as of Nov 4, 2026.
GDMN vs SLX: Holdings Overlap & Returns
Over the year to Nov 4, 2026, GDMN returned +11.8% to SLX's +32.9%; 0% of their weight is in the same names.
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Net assets: $221m on Aug 31, 2026 for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund, and $150m on Nov 3, 2026 for VanEck Steel ETF.
12% of GDMN's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Aug 31, 2026.
14% of SLX's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 2, 2026.
Pair scorecard
GDMN costs 0.10 points a year less; their one-year returns differ by 21.1 points.
Points (pts) are percentage points.
| Measure | GDMN | SLX |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.8% | +32.9% |
| Drawdown | ||
| Below its all-time high | 44.7%, high on Jan 28, 2026 | 12.2%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Gold miners | Miners and metals |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | ahead by 17.9 pts | |
| Cost and size | ||
| Expense ratio | 0.45% | 0.55% |
| Net assets, GDMN as of Aug 31, 2026 and SLX as of Nov 3, 2026 | $221m | $150m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Dec 23, 2021 to Oct 30, 2026 · 253 weekly returnsFrom Dec 2021 to Oct 2026, GDMN returned more: +219.2% to +115.2%. SLX swung less: 27.8% to 49.2%. SLX fell less at its worst: −31.9% to −50.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GDMN | SLX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +219.2% | +115.2% | GDMN | Price change plus distributions, reinvested. |
| Annualized | +26.9% | +17.1% | GDMN | Total return as a yearly rate. |
| Price return | +142.4% | +89.3% | GDMN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 49.2% | 27.8% | SLX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 31.2% | 18.9% | SLX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −50.9% | −31.9% | SLX | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.65 | 0.56 | GDMN | Return above Treasury bills per unit of volatility. |
| Sortino | 1.02 | 0.82 | GDMN | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.53 | 0.54 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 253 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDMN and SLX hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GDMN | SLX | GDMN | SLX |
| 3 months | −5.4% | −9.3% | not measured | −8.0 pts vs ACWI |
| 6 months | −22.4% | −8.1% | not measured | −10.7 pts vs ACWI |
| 1 year | +11.8% | +32.9% | not measured | +17.9 pts vs ACWI |
| 3 years | +294.4% | +64.3% | not measured | −13.3 pts vs ACWI |
| Since launchNot the same days: GDMN Dec 2021 · SLX Oct 2006 | +269.7% | +326.1% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
Client brief:
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GDMN
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 55% of the fund across 54 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +11.8% with distributions reinvested. It sits 44.7% below its all-time high of Jan 28, 2026.
SLX
By weight, 14% of SLX'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 57% of the fund across 39 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +32.9% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 17.9 pts. It sits 12.2% below its all-time high of Jun 2, 2026.
Questions people ask
- Do GDMN and SLX hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, GDMN against SLX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdmn-vs-slx
ETFIQ. (Nov 4, 2026). GDMN against SLX. Retrieved from https://etfiq.com/compare/themes/gdmn-vs-slx
[GDMN against SLX (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/gdmn-vs-slx)
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