Do GDX and GOAU hold the same stocks?

By their latest filings, 27% 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 GOAU?

GDX has 12% of its weight in S&P 500 names and GOAU has 3%, so GDX differs more from the index.

Which is cheaper, GDX or GOAU?

GDX charges 0.51% a year and GOAU charges 0.60%, so GDX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GDX vs GOAU: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GDX returned +24.8% to GOAU's +19.2%; 27% of their weight is in the same names.

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Net assets: $23.9bn on Nov 3, 2026 for VanEck Gold Miners ETF, and $165m on Jun 30, 2026 for US Global GO Gold and Precious Metal Miners ETF.

GDX on its own →GOAU on its own →

At a glance

11.6%

GDX in the S&P 500

2.8%

GOAU in the S&P 500

+24.8%

GDX total return, 1 year

+19.2%

GOAU total return, 1 year

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.

GOAU · 1 year to Nov 4, 2026 97% of its weight is outside the S&P 500

3% of GOAU's weight is in S&P 500 companies and 97% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

GDX costs 0.09 points a year less; their one-year returns differ by 5.6 points.

Points (pts) are percentage points.

GDX vs GOAU: Holdings Overlap & Returns
Measure	GDX	GOAU
Return
Measure	GDX	GOAU
Total return, 1 year	+24.8%	+19.2%
Drawdown
Measure	GDX	GOAU
Below its all-time high	27.0%, high on Feb 27, 2026	26.7%, high on Feb 27, 2026
Against its benchmark
Measure	GDX	GOAU
What it tracks	Gold miners	Miners and metals
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	ahead by 9.8 pts
Cost and size
Measure	GDX	GOAU
Expense ratio	0.51%	0.60%
Net assets, GDX as of Nov 3, 2026 and GOAU as of Jun 30, 2026	$23.9bn	$165m
Holdings
Measure	GDX	GOAU
Holdings in common	27%

Method

Risk and return

Jul 7, 2017 to Oct 30, 2026 · 486 weekly returns

GDX GOAU

Return

Total return edge GDX +299.4% +263.4%

Annualized edge GDX (slight) +16.0% +14.8%

Price return edge GDX +263.5% +234.0%

Risk

Volatility edge Tie 36.8% 36.6%

Max drawdown edge GDX −46.5% −51.7%

Risk-adjusted

Sharpe edge GDX (slight) 0.52 0.49

Sortino edge GDX (slight) 0.77 0.73

Calmar edge GDX 0.34 0.29

Reading

From Jul 2017 to Oct 2026, GDX returned more: +299.4% to +263.4%. GDX and GOAU swung about the same: 36.8% and 36.6%. GDX fell less at its worst: −46.5% to −51.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GDX vs GOAU: Holdings Overlap & Returns
Measure	GDX	GOAU	Edge	How it is measured
Return
Total return	+299.4%	+263.4%	GDX	Price change plus distributions, reinvested.
Annualized	+16.0%	+14.8%	GDX (slight)	Total return as a yearly rate.
Price return	+263.5%	+234.0%	GDX	Price change alone, distributions left out.
Risk
Volatility	36.8%	36.6%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	24.8%	24.6%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−46.5%	−51.7%	GDX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.52	0.49	GDX (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.77	0.73	GDX (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.34	0.29	GDX	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 486 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

27%

By the books each fund has filed, GDX and GOAU hold 27% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

27% in common

Positions both hold · largest shared weight first GDX GOAU

Wheaton Precious Metals Corp 5.50% 9.50%

Franco-Nevada Corp 5.46% 9.93%

Newmont Corp 11.67% 2.82%

Pan American Silver Corp 2.57% 2.80%

Evolution Mining Ltd 1.56% 3.13%

Iamgold Corp 1.23% 2.92%

Endeavour Mining Plc 1.22% 3.80%

Harmony Gold Mining Co Ltd 0.85% 3.96%

Perseus Mining Ltd 0.71% 2.03%

Or Royalties Inc 0.68% 9.56%

Ramelius Resources Ltd 0.66% 1.98%

K92 Mining Inc 0.61% 1.94%

Only in one fund ↓

Only in GDX

Agnico Eagle Mines Ltd 11.35%

Barrick Mining Corp 8.16%

Anglogold Ashanti Plc 4.81%

Gold Fields Ltd 4.11%

Kinross Gold Corp 3.60%

Northern Star Resources Ltd 3.21%

Royal Gold Inc 2.21%

Equinox Gold Corp 1.86%

Only in GOAU

West African Resources Ltd 2.80%

Pan African Resources PLC 2.69%

Emerald Resources NL 2.18%

Triple Flag Precious Metals Co 2.04%

DPM Metals Inc 2.04%

Kingsgate Consolidated Ltd 1.99%

Avino Silver & Gold Mines Ltd 1.96%

Bellevue Gold Ltd 1.94%

Check overlap with more funds →

Window by window

Window by window: GDX vs GOAU: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GDX	GOAU	GDX	GOAU
3 months	+1.1%	−0.2%	+2.4 pts vs ACWI	not measured
6 months	−8.5%	−6.8%	−11.1 pts vs ACWI	not measured
1 year	+24.8%	+19.2%	+9.8 pts vs ACWI	not measured
3 years	+197.2%	+167.4%	+119.6 pts vs ACWI	not measured
Since launchNot the same days: GDX May 2006 · GOAU Jun 2017	+175.1%	+270.9%	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 GOAU US Global GO Gold and Precious Metal Miners ETF · Holds 29 stocks in miners and metals, 3% of its weight in S&P 500 companies

Issuer VanEck U.S. Global

Theme Gold miners Miners and metals

In the S&P 500 11.6% 2.8%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 59 29

Top ten, share of the fund 60.4% 54.9%

Expense ratio 0.51% 0.60%

Fee for the differing part 0.51% 0.60%

Total return, 1 year +24.8% +19.2%

vs its benchmark +9.8 pts vs ACWI not measured

Below its high −27.0% −26.7%

Net assets, GDX as of Nov 3, 2026 and GOAU as of Jun 30, 2026 $23.9bn $165m

As of Nov 4, 2026. Source: ETFIQ.

27% of the two portfolios are the same securities at the same weight.

Alert

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 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.

GOAU

By weight, 3% of GOAU'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 29 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +19.2% with distributions reinvested. It sits 26.7% below its all-time high of Feb 27, 2026.

Questions people ask

Do GDX and GOAU hold the same stocks?: By their latest filings, 27% 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 GOAU?: GDX has 12% of its weight in S&P 500 names and GOAU has 3%, so GDX differs more from the index.
Which is cheaper, GDX or GOAU?: GDX charges 0.51% a year and GOAU charges 0.60%, so GDX is cheaper. Fees come from each fund's prospectus.

Other comparisons

GDX vs SLX GDX vs METL GDX vs NIKL GDX vs PICK GOAU vs GDXJ GOAU vs RING GOAU vs SGDM GOAU vs SGDJ

Where to next

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

Sources and dates

GDX filings on SEC EDGAR ↗

GDX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

GOAU filings on SEC EDGAR ↗

GOAU prospectus with the expense ratio (SEC) ↗

U.S. Global 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 GOAU, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdx-vs-goau

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