Data as of Oct 28, 2026.
GDX vs IGV: Holdings Overlap & Returns
Over the year to Oct 28, 2026, GDX returned +19.0% to IGV's −4.1%; 0% 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 $14.4bn for iShares Expanded Tech-Software Sector ETF.
12% of GDX's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Oct 22, 2026.
80% of IGV's weight is in S&P 500 companies and 20% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
IGV costs 0.13 points a year less; their one-year returns differ by 23.1 points; GDX is 1.8 times larger.
Points (pts) are percentage points.
| Measure | GDX | IGV |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.0% | −4.1% |
| Drawdown | ||
| Below its all-time high | 27.5%, high on Feb 27, 2026 | |
| Against its benchmark | ||
| What it tracks | Gold miners | Cloud and software |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | ahead by 5.6 pts | |
| Cost and size | ||
| Expense ratio | 0.51% | 0.38% |
| Net assets, as of Oct 27, 2026 | $25.6bn | $14.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 2, 2006 to Oct 23, 2026 · 1,064 weekly returnsIGV returned more: +1,405.0% to +148.2%. IGV swung less: 23.4% to 38.4%. IGV fell less at its worst: −47.9% to −79.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GDX | IGV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +148.2% | +1,405.0% | IGV | Price change plus distributions, reinvested. |
| Annualized | +4.5% | +14.2% | IGV | Total return as a yearly rate. |
| Price return | +105.0% | +1,360.1% | IGV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 38.4% | 23.4% | IGV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 26.4% | 15.9% | IGV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −79.2% | −47.9% | IGV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.27 | 0.61 | IGV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.38 | 0.90 | IGV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.06 | 0.30 | IGV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,064 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDX and IGV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GDX | IGV | GDX | IGV |
| 3 months | +14.1% | +21.2% | +9.7 pts vs ACWI | not measured |
| 6 months | −2.6% | +32.5% | −10.0 pts vs ACWI | not measured |
| 1 year | +19.0% | −4.1% | +5.6 pts vs ACWI | not measured |
| 3 years | +197.7% | +70.0% | +108.8 pts vs ACWI | not measured |
| Since launchNot the same days: GDX May 2006 · IGV Jul 2001 | +173.0% | +1,015.0% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
GDX and IGV are built for the same job. How do they differ in cost, holdings and results?
- Theme. GDX covers Gold miners and IGV covers Cloud and software.
- What each follows. GDX follows Gold miners and IGV follows Cloud and software.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
Data as of Oct 28, 2026.
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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.
IGV
By weight, 80% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 108 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.1% with distributions reinvested.
Questions people ask
- Do GDX and IGV 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.
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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, GDX against IGV, data as of Oct 28, 2026. https://etfiq.com/compare/themes/gdx-vs-igv
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