Data as of .
GDX vs SIL: which is really different?
GDX holds 11.0% of its weight in S&P 500 companies and SIL 0.0%.
ETFIQ Off-Index Score: SIL scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 371 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
What they hold in common
By the books each fund has filed, GDX and SIL hold 14% of their money in the same securities at the same weight.
| Holding | GDX | SIL |
|---|---|---|
| Wheaton Precious Metals Corp | 5.90% | 24.16% |
| Pan American Silver Corp | 2.63% | 11.19% |
| Coeur Mining Inc | 2.32% | 11.16% |
| Hecla Mining Co | 1.40% | 4.96% |
| Ssr Mining Inc | 0.84% | 4.16% |
| Cia De Minas Buenaventura Saa | 0.71% | 3.59% |
| Endeavour Silver Corp | 0.39% | 1.72% |
| Only in GDX | Only in SIL |
|---|---|
| Newmont Corp 10.99% | INDUSTRIAS PENOLES SAB DE CV 4.62% |
| Agnico Eagle Mines Ltd 10.58% | FIRST MAJESTIC SILVER CORP 4.45% |
| Barrick Mining Corp 7.35% | FRESNILLO PLC 4.02% |
| Anglogold Ashanti Plc 5.07% | OR ROYALTIES INC 3.85% |
| Franco-Nevada Corp 4.79% | DISCOVERY MINING LTD 3.29% |
| Gold Fields Ltd 4.23% | KOREA ZINC CO LTD 2.32% |
| Kinross Gold Corp 4.21% | AYA GOLD & SILVER INC 2.19% |
| Northern Star Resources Ltd 2.44% | FORTUNA MINING CORP 2.08% |
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 10, 2026 and Sep 11, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GDX | SIL | GDX | SIL | GDX | SIL | |
| 3 months | +21.3% | +18.1% | +18.0 pts | +14.8 pts | +22.1 pts | +18.9 pts |
| 6 months | +4.1% | +2.3% | −11.9 pts | −13.7 pts | −16.6 pts | −18.4 pts |
| 1 year | +40.2% | +49.1% | +22.7 pts | +31.6 pts | +17.2 pts | +26.1 pts |
| 3 years | +249.2% | +298.1% | +171.3 pts | +220.2 pts | +154.1 pts | +203.0 pts |
| Since launch | +137.2% | +159.8% | −667.2 pts | −584.6 pts | −1536.8 pts | −1393.6 pts |
| GDX VanEck Gold Miners ETF Holds 59 stocks in miners and metals, 11% of its weight in S&P 500 companies | SIL Global X Silver Miners ETF Holds 41 stocks in miners and metals, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VanEck | Global X |
| Theme | Miners and metals | Miners and metals |
| In the S&P 500 | 11.0% | 0.0% |
| Active share vs the S&P 500 | 99.8% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 59 | 41 |
| Top ten, share of the fund | 58.2% | 76.1% |
| Expense ratio | 0.51% | 0.65% |
| Fee for the differing part | 0.51% | 0.65% |
| Total return, 1 year | +40.2% | +49.1% |
| vs the S&P 500 | +22.7 pts | +31.6 pts |
| vs the Nasdaq-100 | +17.2 pts | +26.1 pts |
| Below its high | −16.2% | −18.3% |
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 10, 2026. Over the year to Sep 11, 2026 the fund returned +40.2% with distributions reinvested against +17.5% for the S&P 500, so a holder was ahead by 22.7 pts. It sits 16.2% below its all-time high of Feb 27, 2026.
SIL in plain words
By weight, 0% of SIL'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 76% of the fund across 41 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned +49.1% with distributions reinvested against +17.5% for the S&P 500, so a holder was ahead by 31.6 pts. It sits 18.3% below its all-time high of Feb 27, 2026.
Questions people ask
- Which is more different from the S&P 500, GDX or SIL?
- GDX has 11% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
- Which is cheaper, GDX or SIL?
- GDX charges 0.51% a year and SIL 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 SIL, data as of Sep 11, 2026. https://etfiq.com/compare/themes/gdx-vs-sil Free to use with attribution; the underlying files are at Open data.