Data as of Oct 28, 2026.
GDX vs URA: Holdings Overlap & Returns
Over the year to Oct 28, 2026, GDX returned +19.0% to URA's −30.3%; 0% of their weight is in the same names.
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Net assets: $25.6bn on Oct 27, 2026 for VanEck Gold Miners ETF, and $5.4bn on Oct 12, 2026 for Global X Uranium ETF.
12% of GDX's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Oct 22, 2026.
0% of URA's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
GDX costs 0.18 points a year less; their one-year returns differ by 49.3 points; GDX is 4.9 times larger.
Points (pts) are percentage points.
| Measure | GDX | URA |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.0% | −30.3% |
| Drawdown | ||
| Below its all-time high | 27.5%, high on Feb 27, 2026 | 58.4%, high on Feb 2, 2011 |
| Against its benchmark | ||
| What it tracks | Gold miners | Nuclear and uranium |
| Its benchmark, total return, 1 year | +13.4% | +13.4% |
| Against its benchmark, 1 year | ahead by 5.6 pts | behind by 43.7 pts |
| Cost and size | ||
| Expense ratio | 0.51% | 0.69% |
| Net assets, as of Oct 12, 2026 | $26.6bn | $5.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 12, 2010 to Oct 23, 2026 · 832 weekly returns · each against ACWIGDX returned more: +55.6% to −51.4%. GDX and URA swung about the same: 36.7% and 36.8%. GDX fell less at its worst: −79.2% to −93.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GDX | URA | ACWI | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +55.6% | −51.4% | GDX | Price change plus distributions, reinvested. | |
| Annualized | +2.8% | −4.4% | GDX | Total return as a yearly rate. | |
| Price return | +33.5% | −68.7% | GDX | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 36.7% | 36.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 25.3% | 25.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −79.2% | −93.2% | GDX | Deepest fall from a high to the low after it. | |
| Upside capture | 46.1% | 120.6% | 100.0% | URA | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 73.1% | 127.6% | 100.0% | GDX | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.72 | 1.31 | 1.00 | GDX lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.10 | 0.32 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.22 | 0.02 | GDX | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.31 | 0.02 | GDX | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.110 | 0.005 | 0.094 | GDX | Return above Treasury bills per unit of beta. |
| Calmar | 0.04 | −0.05 | GDX | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWI | ACWI | ACWI | The ETF each fund is measured against. | |
| Alpha | +1.1% a year | −11.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.13 | −1.54 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −16.0% to +18.3% | −26.6% to +3.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.04 | −0.29 | GDX | Return against its benchmark per unit of tracking error. | |
| Tracking error | 35.1% | 30.7% | 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, 832 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDX and URA hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GDX | URA | GDX | URA |
| 3 months | +14.1% | −2.6% | +9.7 pts vs ACWI | −7.0 pts vs ACWI |
| 6 months | −2.6% | −30.9% | −10.0 pts vs ACWI | −38.3 pts vs ACWI |
| 1 year | +19.0% | −30.3% | +5.6 pts vs ACWI | −43.7 pts vs ACWI |
| 3 years | +197.7% | +65.5% | +108.8 pts vs ACWI | −23.4 pts vs ACWI |
| Since launchNot the same days: GDX May 2006 · URA Nov 2010 | +173.0% | −45.1% | not measured | −417.4 pts vs ACWI |
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 URA are built for the same job. How do they differ in cost, holdings and results?
- Theme. GDX covers Gold miners and URA covers Nuclear and uranium.
- What each follows. GDX follows Gold miners and URA follows Nuclear and uranium.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 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.
URA
By weight, 0% of URA'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 63% of the fund across 57 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned −30.3% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 43.7 pts. It sits 58.4% below its all-time high of Feb 2, 2011.
Questions people ask
- Do GDX and URA 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.
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.
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ETFIQ, GDX against URA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/gdx-vs-ura
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