Data as of .
GDX vs GOEX: which is really different?
GDX and GOEX hold 21% of their weight in the same names, and GOEX returned more over the year.
ETFIQ Off-Index Score: GOEX 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
21% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GDX and GOEX hold 21% of their money in the same securities at the same weight.
| Holding | GDX | GOEX |
|---|---|---|
| Coeur Mining Inc | 2.19% | 4.14% |
| Equinox Gold Corp | 1.88% | 5.33% |
| Hecla Mining Co | 1.33% | 5.06% |
| Lundin Gold Inc | 0.97% | 3.19% |
| Eldorado Gold Corp | 0.92% | 4.16% |
| Ssr Mining Inc | 0.85% | 3.56% |
| Oceanagold Corp | 0.84% | 3.24% |
| Discovery Mining Ltd | 0.76% | 2.75% |
| Montage Gold Corp | 0.67% | 1.76% |
| Perseus Mining Ltd | 0.67% | 3.08% |
| Artemis Gold Inc | 0.59% | 2.15% |
| Ramelius Resources Ltd | 0.59% | 2.33% |
| Only in GDX | Only in GOEX |
|---|---|
| Agnico Eagle Mines Ltd 10.99% | DPM METALS INC 4.56% |
| Newmont Corp 10.88% | G MINING VENTURE CORP 3.08% |
| Barrick Mining Corp 7.75% | ALAMOS GOLD INC-CLASS A 3.02% |
| Wheaton Precious Metals Corp 5.74% | K92 MINING 2.46% |
| Franco-Nevada Corp 5.22% | WESDOME GOLD MINES LTD 1.87% |
| Anglogold Ashanti Plc 4.96% | BUMI RESOURCES MINERALS TBK 1.82% |
| Kinross Gold Corp 4.12% | FORTUNA MINING CORP 1.78% |
| Gold Fields Ltd 4.11% | PAN AFRICAN RESOURCES PLC 1.44% |
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
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GDX | GOEX | GDX | GOEX | GDX | GOEX | |
| 3 months | +15.7% | +18.7% | +13.5 pts | +16.4 pts | +18.2 pts | +21.2 pts |
| 6 months | +19.2% | +22.1% | +1.1 pts | +4.1 pts | −5.1 pts | −2.1 pts |
| 1 year | +39.8% | +50.3% | +23.2 pts | +33.7 pts | +18.0 pts | +28.5 pts |
| 3 years | +236.3% | +294.9% | +157.8 pts | +216.6 pts | +138.1 pts | +196.8 pts |
| Since launch | +133.2% | +29.5% | −670.3 pts | −696.3 pts | −1557.0 pts | −1410.7 pts |
| GDX VanEck Gold Miners ETF Holds 59 stocks in gold miners, 11% of its weight in S&P 500 companies | GOEX Global X Gold Explorers ETF Holds 55 stocks in gold miners, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | Global X |
| Theme | Gold miners | Gold miners |
| In the S&P 500 | 10.9% | 0.0% |
| Active share vs the S&P 500 | 99.8% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 59 | 55 |
| Top ten, share of the fund | 58.5% | 39.4% |
| Expense ratio | 0.51% | 0.65% |
| Fee for the differing part | 0.51% | 0.65% |
| Total return, 1 year | +39.8% | +50.3% |
| vs the S&P 500 | +23.2 pts | +33.7 pts |
| vs the Nasdaq-100 | +18.0 pts | +28.5 pts |
| Below its high | −17.6% | −17.9% |
| Net assets | $28.4bn | $131m |
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.
GOEX in plain words
By weight, 0% of GOEX'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 39% of the fund across 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.7 pts. It sits 17.9% below its all-time high of Mar 2, 2026.
Questions people ask
- Do GDX and GOEX hold the same stocks?
- By their latest filings, 21% 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, GDX or GOEX?
- GDX has 11% of its weight in S&P 500 names and GOEX has 0%, so GOEX differs more from the index.
- Which is cheaper, GDX or GOEX?
- GDX charges 0.51% a year and GOEX charges 0.65%, so GDX 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, GDX against GOEX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gdx-vs-goex Free to use with attribution; the underlying files are at Open data.