Data as of .
GDX vs RING: which is really different?
GDX and RING hold 69% of their weight in the same names, and RING returned more over the year.
ETFIQ Off-Index Score: GDX 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
69% 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 RING hold 69% of their money in the same securities at the same weight.
| Holding | GDX | RING |
|---|---|---|
| Agnico Eagle Mines Ltd | 10.99% | 12.29% |
| Newmont Corp | 10.88% | 16.36% |
| Wheaton Precious Metals Corp | 5.74% | 7.58% |
| Anglogold Ashanti Plc | 4.96% | 4.28% |
| Gold Fields Ltd | 4.11% | 4.35% |
| Pan American Silver Corp | 2.72% | 3.18% |
| Coeur Mining Inc | 2.19% | 3.38% |
| Alamos Gold Inc | 1.89% | 2.50% |
| Equinox Gold Corp | 1.88% | 2.49% |
| Iamgold Corp | 1.29% | 2.24% |
| G Mining Ventures Corp | 1.04% | 1.29% |
| Ssr Mining Inc | 0.85% | 1.67% |
| Only in GDX | Only in RING |
|---|---|
| Barrick Mining Corp 7.75% | BARRICK MINING 8.16% |
| Franco-Nevada Corp 5.22% | KINROSS GOLD 4.25% |
| Kinross Gold Corp 4.12% | ENDEAVOUR MINING 2.11% |
| Northern Star Resources Ltd 2.45% | HARMONY GOLD MINING COMPANY LIMITE 1.97% |
| Royal Gold Inc 1.94% | ELDORADO GOLD 1.90% |
| Evolution Mining Ltd 1.53% | GENESIS MINERALS 1.38% |
| Industrias Penoles Sab De Cv 1.42% | LUNDIN GOLD 1.38% |
| Hecla Mining Co 1.33% | B2GOLD 1.37% |
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 | RING | GDX | RING | GDX | RING | |
| 3 months | +15.7% | +17.9% | +13.5 pts | +15.6 pts | +18.2 pts | +20.3 pts |
| 6 months | +19.2% | +21.9% | +1.1 pts | +3.9 pts | −5.1 pts | −2.3 pts |
| 1 year | +39.8% | +45.3% | +23.2 pts | +28.7 pts | +18.0 pts | +23.5 pts |
| 3 years | +236.3% | +286.7% | +157.8 pts | +208.3 pts | +138.1 pts | +188.5 pts |
| Since launch | +133.2% | +97.9% | −670.3 pts | −543.5 pts | −1557.0 pts | −1138.6 pts |
| GDX VanEck Gold Miners ETF Holds 59 stocks in gold miners, 11% of its weight in S&P 500 companies | RING iShares MSCI Global Gold Miners ETF Holds 55 stocks in gold miners, 16% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | iShares |
| Theme | Gold miners | Gold miners |
| In the S&P 500 | 10.9% | 16.4% |
| Active share vs the S&P 500 | 99.8% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 59 | 55 |
| Top ten, share of the fund | 58.5% | 67.0% |
| Expense ratio | 0.51% | 0.39% |
| Fee for the differing part | 0.51% | 0.39% |
| Total return, 1 year | +39.8% | +45.3% |
| vs the S&P 500 | +23.2 pts | +28.7 pts |
| vs the Nasdaq-100 | +18.0 pts | +23.5 pts |
| Below its high | −17.6% | −14.8% |
| Net assets | $28.4bn | $2.5bn |
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.
RING in plain words
By weight, 16% of RING'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 67% 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 +45.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 28.7 pts. It sits 14.8% below its all-time high of Feb 27, 2026.
Questions people ask
- Do GDX and RING hold the same stocks?
- By their latest filings, 69% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, GDX or RING?
- GDX has 11% of its weight in S&P 500 names and RING has 16%, so GDX differs more from the index.
- Which is cheaper, GDX or RING?
- GDX charges 0.51% a year and RING charges 0.39%, so RING 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 RING, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gdx-vs-ring Free to use with attribution; the underlying files are at Open data.