Do GDX and GDXJ hold the same stocks?

By their latest filings, 33% 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, GDX or GDXJ?

GDX has 12% of its weight in S&P 500 names and GDXJ has 0%, so GDXJ differs more from the index.

Which is cheaper, GDX or GDXJ?

GDX charges 0.51% a year and GDXJ charges 0.52%, so GDX is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

GDX vs GDXJ: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, GDX returned +19.0% to GDXJ's +14.8%; 33% of their weight is in the same names.

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Net assets on Oct 27, 2026: $25.6bn for VanEck Gold Miners ETF and $7.6bn for VanEck Junior Gold Miners ETF.

GDX on its own →GDXJ on its own →

At a glance

11.7%

GDX in the S&P 500

0.0%

GDXJ in the S&P 500

+19.0%

GDX total return, 1 year

+14.8%

GDXJ total return, 1 year

GDX · 1 year to Oct 28, 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 Oct 22, 2026.

GDXJ · 1 year to Oct 28, 2026 100% of its weight is outside the S&P 500

0% of GDXJ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Oct 22, 2026.

Pair scorecard

GDX costs 0.01 points a year less; their one-year returns differ by 4.2 points; GDX is 3.4 times larger.

Points (pts) are percentage points.

GDX vs GDXJ: Holdings Overlap & Returns
Measure	GDX	GDXJ
Return
Measure	GDX	GDXJ
Total return, 1 year	+19.0%	+14.8%
Drawdown
Measure	GDX	GDXJ
Below its all-time high	27.5%, high on Feb 27, 2026	33.1%, high on Feb 27, 2026
Against its benchmark
Measure	GDX	GDXJ
What it tracks	Gold miners	Gold miners
Its benchmark, total return, 1 year	+13.4%	+13.4%
Against its benchmark, 1 year	ahead by 5.6 pts	ahead by 1.4 pts
Cost and size
Measure	GDX	GDXJ
Expense ratio	0.51%	0.52%
Net assets, as of Oct 27, 2026	$25.6bn	$7.6bn
Holdings
Measure	GDX	GDXJ
Holdings in common	33%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Nov 20, 2009 to Oct 23, 2026 · 883 weekly returns · each against ACWI

GDX GDXJ

Return

Total return edge GDX +84.3% +31.1%

Annualized edge GDX +3.7% +1.6%

Price return edge GDX +57.8% −7.2%

Risk

Volatility edge GDX 36.4% 42.7%

Max drawdown edge GDX −79.2% −88.3%

Downside capture 75.9% 97.3%

Beta 0.74 0.99

Risk-adjusted

Sharpe edge GDX (slight) 0.24 0.22

Sortino edge GDX (slight) 0.35 0.31

Treynor 0.118 0.095

Calmar edge GDX 0.05 0.02

Against the benchmark

Alpha +1.7% a year −0.1% a year

Alpha t-stat 0.20 −0.01

Information ratio −0.02 0.00

Tracking error 34.6% 39.5%

Reading

GDX returned more: +84.3% to +31.1%. GDX swung less: 36.4% to 42.7%. GDX fell less at its worst: −79.2% to −88.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GDX vs GDXJ: Holdings Overlap & Returns
Measure	GDX	GDXJ	ACWI	Edge	How it is measured
Return
Total return	+84.3%	+31.1%		GDX	Price change plus distributions, reinvested.
Annualized	+3.7%	+1.6%		GDX	Total return as a yearly rate.
Price return	+57.8%	−7.2%		GDX	Price change alone, distributions left out.
Risk
Volatility	36.4%	42.7%		GDX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.1%	30.0%		GDX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−79.2%	−88.3%		GDX	Deepest fall from a high to the low after it.
Upside capture	50.4%	72.0%	100.0%	GDXJ	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	75.9%	97.3%	100.0%	GDX	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.74	0.99	1.00	GDX lower	How far it moves for each 1% its benchmark moves.
R squared	0.11	0.14	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.24	0.22		GDX (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.35	0.31		GDX (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.118	0.095	0.096	GDX	Return above Treasury bills per unit of beta.
Calmar	0.05	0.02		GDX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	+1.7% a year	−0.1% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.20	−0.01		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−14.7% to +18.1%	−19.0% to +18.9%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.02	0.00		GDXJ	Return against its benchmark per unit of tracking error.
Tracking error	34.6%	39.5%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 883 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

33%

By the books each fund has filed, GDX and GDXJ hold 33% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

33% in common

Positions both hold · largest shared weight first GDX GDXJ

Alamos Gold Inc 1.90% 6.86%

Coeur Mining Inc 1.81% 5.92%

Equinox Gold Corp 1.81% 6.08%

Industrias Penoles Sab De Cv 1.35% 2.58%

Endeavour Mining Plc 1.27% 5.76%

Iamgold Corp 1.24% 5.19%

First Majestic Silver Corp 1.19% 2.27%

Hecla Mining Co 1.18% 2.26%

Lundin Gold Inc 1.06% 2.02%

G Mining Ventures Corp 1.00% 1.92%

B2gold Corp 0.97% 1.85%

Dundee Precious Metals Inc 0.94% 1.79%

Only in one fund ↓

Only in GDX

Agnico Eagle Mines Ltd 11.45%

Newmont Corp 11.42%

Barrick Mining Corp 8.07%

Wheaton Precious Metals Corp 5.50%

Franco-Nevada Corp 5.33%

Anglogold Ashanti Plc 4.78%

Gold Fields Ltd 3.96%

Kinross Gold Corp 3.88%

Only in GDXJ

Pan African Resources Plc 0.82%

Triple Flag Precious Metals Corp 0.70%

Wanguo Gold Group Ltd 0.69%

Emerald Resources Nl 0.63%

Allied Gold Corp 0.61%

Novagold Resources Inc 0.53%

Pdi Gold Ltd 0.53%

Southern Cross Gold Consolidated Ltd 0.52%

Check overlap with more funds →

Window by window

Window by window: GDX vs GDXJ: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GDX	GDXJ	GDX	GDXJ
3 months	+14.1%	+9.9%	+9.7 pts vs ACWI	+5.5 pts vs ACWI
6 months	−2.6%	−8.0%	−10.0 pts vs ACWI	−15.4 pts vs ACWI
1 year	+19.0%	+14.8%	+5.6 pts vs ACWI	+1.4 pts vs ACWI
3 years	+197.7%	+220.2%	+108.8 pts vs ACWI	+131.3 pts vs ACWI
Since launchNot the same days: GDX May 2006 · GDXJ Nov 2009	+173.0%	+44.9%	not measured	not measured

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Side by side

GDX VanEck Gold Miners ETF · Holds 59 stocks in gold miners, 12% of its weight in S&P 500 companies GDXJ VanEck Junior Gold Miners ETF · Holds 156 stocks in gold miners, 0% of its weight in S&P 500 companies

Issuer VanEck VanEck

Theme Gold miners Gold miners

In the S&P 500 11.7% 0.0%

Active share vs the S&P 500 99.8% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 59 156

Top ten, share of the fund 60.1% 40.8%

Expense ratio 0.51% 0.52%

Fee for the differing part 0.51% 0.52%

Total return, 1 year +19.0% +14.8%

vs its benchmark +5.6 pts vs ACWI +1.4 pts vs ACWI

Below its high −27.5% −33.1%

Net assets, as of Oct 27, 2026 $25.6bn $7.6bn

As of Oct 28, 2026. Source: ETFIQ.

33% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-5191FF1F28

GDX and GDXJ are built for the same job. How do they differ in cost, holdings and results?

Concentration. The top ten holdings are 60.1% of GDX and 40.8% of GDXJ, a gap of 19.3 points.
Holdings in common. 33% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 GDX returned +19.0% and GDXJ +14.8% with distributions reinvested, a gap of 4.2 points.

Data as of Oct 28, 2026.

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About each fund

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.

GDXJ

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 41% of the fund across 156 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +14.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 1.4 pts. It sits 33.1% below its all-time high of Feb 27, 2026.

Questions people ask

Do GDX and GDXJ hold the same stocks?: By their latest filings, 33% 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, GDX or GDXJ?: GDX has 12% of its weight in S&P 500 names and GDXJ has 0%, so GDXJ differs more from the index.
Which is cheaper, GDX or GDXJ?: GDX charges 0.51% a year and GDXJ charges 0.52%, so GDX is cheaper. Fees come from each fund's prospectus.

Other comparisons

GDX vs RING GDX vs GOEX GDX vs AUAU GDX vs SGDM GDXJ vs RING GDXJ vs GOEX GDXJ vs AUAU GDXJ vs SGDM

Where to next

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

Sources and dates

GDX and GDXJ filings on SEC EDGAR ↗

GDX and GDXJ 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, GDX against GDXJ, data as of Oct 28, 2026. https://etfiq.com/compare/themes/gdx-vs-gdxj

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