Do GDX and REMX 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.

Which is more different from the S&P 500, GDX or REMX?

GDX has 12% of its weight in S&P 500 names and REMX has 9%, so REMX differs more from the index.

Which is cheaper, GDX or REMX?

GDX charges 0.51% a year and REMX charges 0.53%, so GDX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GDX vs REMX: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GDX returned +24.8% to REMX's −17.8%; 0% of their weight is in the same names.

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Net assets on Nov 3, 2026: $23.9bn for VanEck Gold Miners ETF and $1.4bn for VanEck Rare Earth and Strategic Metals ETF.

GDX on its own →REMX on its own →

At a glance

11.6%

GDX in the S&P 500

8.7%

REMX in the S&P 500

+24.8%

GDX total return, 1 year

−17.8%

REMX 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.

REMX · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500

9% of REMX's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

GDX costs 0.02 points a year less; their one-year returns differ by 42.6 points; GDX is 17.1 times larger.

Points (pts) are percentage points.

GDX vs REMX: Holdings Overlap & Returns
Measure	GDX	REMX
Return
Measure	GDX	REMX
Total return, 1 year	+24.8%	−17.8%
Drawdown
Measure	GDX	REMX
Below its all-time high	27.0%, high on Feb 27, 2026	76.3%, high on Apr 11, 2011
Against its benchmark
Measure	GDX	REMX
What it tracks	Gold miners	Rare earth and critical materials
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 9.8 pts	behind by 32.8 pts
Cost and size
Measure	GDX	REMX
Expense ratio	0.51%	0.53%
Net assets, as of Nov 3, 2026	$23.9bn	$1.4bn
Holdings
Measure	GDX	REMX
Holdings in common	0%

Method

Risk and return

Nov 5, 2010 to Oct 30, 2026 · 834 weekly returns · each against ACWI

GDX REMX

Return

Total return edge GDX +49.5% −69.1%

Annualized edge GDX +2.5% −7.1%

Price return edge GDX +28.3% −80.3%

Risk

Volatility edge REMX (slight) 36.6% 35.3%

Max drawdown edge GDX −79.2% −89.2%

Downside capture 73.4% 133.2%

Beta 0.72 1.43

Risk-adjusted

Sharpe edge GDX 0.21 −0.08

Sortino edge GDX 0.30 −0.11

Treynor 0.107 −0.019

Calmar edge GDX 0.03 −0.08

Against the benchmark

Alpha +1.0% a year −15.9% a year

Alpha t-stat 0.12 −2.35

Information ratio −0.04 −0.43

Tracking error 35.1% 27.8%

Reading

From Nov 2010 to Oct 2026, GDX returned more: +49.5% to −69.1%. REMX swung slightly less: 35.3% to 36.6%. GDX fell less at its worst: −79.2% to −89.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GDX vs REMX: Holdings Overlap & Returns
Measure	GDX	REMX	ACWI	Edge	How it is measured
Return
Total return	+49.5%	−69.1%		GDX	Price change plus distributions, reinvested.
Annualized	+2.5%	−7.1%		GDX	Total return as a yearly rate.
Price return	+28.3%	−80.3%		GDX	Price change alone, distributions left out.
Risk
Volatility	36.6%	35.3%		REMX (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.3%	24.5%		REMX (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−79.2%	−89.2%		GDX	Deepest fall from a high to the low after it.
Upside capture	46.1%	129.3%	100.0%	REMX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	73.4%	133.2%	100.0%	GDX	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.72	1.43	1.00	GDX lower	How far it moves for each 1% its benchmark moves.
R squared	0.10	0.42	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.21	−0.08		GDX	Return above Treasury bills per unit of volatility.
Sortino	0.30	−0.11		GDX	Return above Treasury bills per unit of downside deviation.
Treynor	0.107	−0.019	0.092	GDX	Return above Treasury bills per unit of beta.
Calmar	0.03	−0.08		GDX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	+1.0% a year	−15.9% a year	0.0%	REMX significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.12	−2.35		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−16.1% to +18.1%	−29.1% to −2.6%		GDX's includes zero	The 95% range for the yearly alpha.
Information ratio	−0.04	−0.43		GDX	Return against its benchmark per unit of tracking error.
Tracking error	35.1%	27.8%	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, 834 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GDX and REMX hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GDX REMX

Only in one fund ↓

Only in GDX

Newmont Corp 11.67%

Agnico Eagle Mines Ltd 11.35%

Barrick Mining Corp 8.16%

Wheaton Precious Metals Corp 5.50%

Franco-Nevada Corp 5.46%

Anglogold Ashanti Plc 4.81%

Gold Fields Ltd 4.11%

Kinross Gold Corp 3.60%

Only in REMX

Albemarle Corp 8.70%

Sociedad Quimica Y Minera De Chile Sa 8.64%

China Northern Rare Earth Group High-Te 7.69%

Mp Materials Corp 6.88%

Lynas Rare Earths Ltd 6.74%

Pilbara Minerals Ltd 5.36%

Jinduicheng Molybdenum Co Ltd 5.14%

Xiamen Tungsten Co Ltd 4.61%

Check overlap with more funds →

Window by window

Window by window: GDX vs REMX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GDX	REMX	GDX	REMX
3 months	+1.1%	−28.6%	+2.4 pts vs ACWI	−27.3 pts vs ACWI
6 months	−8.5%	−52.6%	−11.1 pts vs ACWI	−55.2 pts vs ACWI
1 year	+24.8%	−17.8%	+9.8 pts vs ACWI	−32.8 pts vs ACWI
3 years	+197.2%	−9.2%	+119.6 pts vs ACWI	−86.8 pts vs ACWI
Since launchNot the same days: GDX May 2006 · REMX Oct 2010	+175.1%	−65.3%	not measured	−453.0 pts vs ACWI

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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 REMX VanEck Rare Earth and Strategic Metals ETF · Holds 32 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companies

Issuer VanEck VanEck

Theme Gold miners Rare earth and critical materials

In the S&P 500 11.6% 8.7%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 59 32

Top ten, share of the fund 60.4% 61.9%

Expense ratio 0.51% 0.53%

Fee for the differing part 0.51% 0.53%

Total return, 1 year +24.8% −17.8%

vs its benchmark +9.8 pts vs ACWI −32.8 pts vs ACWI

Below its high −27.0% −76.3%

Net assets, as of Nov 3, 2026 $23.9bn $1.4bn

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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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.

REMX

By weight, 9% of REMX'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 62% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −17.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 32.8 pts. It sits 76.3% below its all-time high of Apr 11, 2011.

Questions people ask

Do GDX and REMX 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.
Which is more different from the S&P 500, GDX or REMX?: GDX has 12% of its weight in S&P 500 names and REMX has 9%, so REMX differs more from the index.
Which is cheaper, GDX or REMX?: GDX charges 0.51% a year and REMX charges 0.53%, so GDX is cheaper. Fees come from each fund's prospectus.

Other comparisons

GDX vs ISTM GDX vs SETM GDX vs REXC GDX vs WDIG REMX vs GDXJ REMX vs RING REMX vs SGDM REMX 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 →REMX on its own →GDX dividend history →GDX holdings →REMX dividend history →REMX holdings →Method →Standards and sources →

Sources and dates

GDX and REMX filings on SEC EDGAR ↗

GDX and REMX 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 REMX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdx-vs-remx

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