Do GDX and XT 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 XT?

GDX has 12% of its weight in S&P 500 names and XT has 66%, so GDX differs more from the index.

Which is cheaper, GDX or XT?

GDX charges 0.51% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

GDX vs XT: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, GDX returned +19.0% to XT's +22.1%; 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 $4.1bn for iShares Future Exponential Technologies ETF.

GDX on its own →XT on its own →

At a glance

11.7%

GDX in the S&P 500

65.5%

XT in the S&P 500

+19.0%

GDX total return, 1 year

+22.1%

XT total return, 1 year

GDX · 1 year to Oct 28, 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 Oct 22, 2026.

XT · 1 year to Oct 28, 2026 35% of its weight is outside the S&P 500

66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XT costs 0.05 points a year less; their one-year returns differ by 3.1 points; GDX is 6.2 times larger.

Points (pts) are percentage points.

GDX vs XT: Holdings Overlap & Returns
Measure	GDX	XT
Return
Measure	GDX	XT
Total return, 1 year	+19.0%	+22.1%
Drawdown
Measure	GDX	XT
Below its all-time high	27.5%, high on Feb 27, 2026
Against its benchmark
Measure	GDX	XT
What it tracks	Gold miners	Broad innovation and megatrends
Its benchmark, total return, 1 year	+13.4%	+13.4%
Against its benchmark, 1 year	ahead by 5.6 pts	ahead by 8.7 pts
Cost and size
Measure	GDX	XT
Expense ratio	0.51%	0.46%
Net assets, as of Oct 27, 2026	$25.6bn	$4.1bn
Holdings
Measure	GDX	XT
Holdings in common	0%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 2, 2015 to Oct 23, 2026 · 603 weekly returns · each against ACWI

GDX XT

Return

Total return edge GDX +369.4% +292.0%

Annualized edge GDX +14.3% +12.5%

Price return edge GDX +322.3% +225.6%

Risk

Volatility edge XT 37.7% 19.0%

Max drawdown edge XT −46.5% −34.3%

Downside capture 68.7% 108.7%

Beta 0.77 1.11

Risk-adjusted

Sharpe edge XT 0.49 0.60

Sortino edge XT 0.73 0.87

Treynor 0.239 0.103

Calmar edge XT 0.31 0.36

Against the benchmark

Alpha +11.2% a year +1.1% a year

Alpha t-stat 1.07 0.61

Information ratio 0.25 0.33

Tracking error 35.8% 6.5%

Reading

GDX returned more: +369.4% to +292.0%. XT swung less: 19.0% to 37.7%. XT fell less at its worst: −34.3% to −46.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GDX vs XT: Holdings Overlap & Returns
Measure	GDX	XT	ACWI	Edge	How it is measured
Return
Total return	+369.4%	+292.0%		GDX	Price change plus distributions, reinvested.
Annualized	+14.3%	+12.5%		GDX	Total return as a yearly rate.
Price return	+322.3%	+225.6%		GDX	Price change alone, distributions left out.
Risk
Volatility	37.7%	19.0%		XT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.2%	13.2%		XT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−46.5%	−34.3%		XT	Deepest fall from a high to the low after it.
Upside capture	66.3%	123.1%	100.0%	XT	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	68.7%	108.7%	100.0%	GDX	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.77	1.11	1.00	GDX lower	How far it moves for each 1% its benchmark moves.
R squared	0.11	0.89	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.49	0.60		XT	Return above Treasury bills per unit of volatility.
Sortino	0.73	0.87		XT	Return above Treasury bills per unit of downside deviation.
Treynor	0.239	0.103	0.092	GDX	Return above Treasury bills per unit of beta.
Calmar	0.31	0.36		XT	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	+11.2% a year	+1.1% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	1.07	0.61		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−9.4% to +31.8%	−2.5% to +4.7%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.25	0.33		XT	Return against its benchmark per unit of tracking error.
Tracking error	35.8%	6.5%	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, 603 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GDX and XT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GDX XT

Only in one fund ↓

Only in GDX

Agnico Eagle Mines Ltd 11.45%

Newmont Corp 11.42%

Barrick Mining Corp 8.07%

Wheaton Precious Metals Corp 5.50%

Franco-Nevada Corp 5.33%

Anglogold Ashanti Plc 4.78%

Gold Fields Ltd 3.96%

Kinross Gold Corp 3.88%

Only in XT

TEXAS INSTRUMENT 4.56%

TESLA INC 4.45%

ELI LILLY 4.32%

MICROSOFT 4.11%

PALO ALTO NETWORKS 3.67%

NVIDIA 3.66%

ANALOG DEVICES 3.33%

JOHNSON & JOHNSON 3.02%

Check overlap with more funds →

Window by window

Window by window: GDX vs XT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GDX	XT	GDX	XT
3 months	+14.1%	+10.2%	+9.7 pts vs ACWI	+5.8 pts vs ACWI
6 months	−2.6%	+14.0%	−10.0 pts vs ACWI	+6.6 pts vs ACWI
1 year	+19.0%	+22.1%	+5.6 pts vs ACWI	+8.7 pts vs ACWI
3 years	+197.7%	+93.2%	+108.8 pts vs ACWI	+4.3 pts vs ACWI
Since launchNot the same days: GDX May 2006 · XT Mar 2015	+173.0%	+297.8%	not measured	+71.7 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 XT iShares Future Exponential Technologies ETF · Holds 197 stocks in broad innovation and megatrends, 66% of its weight in S&P 500 companies

Issuer VanEck iShares

Theme Gold miners Broad innovation and megatrends

In the S&P 500 11.7% 65.5%

Active share vs the S&P 500 99.8% 69.2%

In the Nasdaq-100 0.0% 41.6%

Holdings 59 197

Top ten, share of the fund 60.1% 36.6%

Expense ratio 0.51% 0.46%

Fee for the differing part 0.51% 0.66%

Total return, 1 year +19.0% +22.1%

vs its benchmark +5.6 pts vs ACWI +8.7 pts vs ACWI

Below its high −27.5% −0.5%

Net assets, as of Oct 27, 2026 $25.6bn $4.1bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-4DDD7BAB28

GDX and XT are built for the same job. How do they differ in cost, holdings and results?

Theme. GDX covers Gold miners and XT covers Broad innovation and megatrends.
Concentration. The top ten holdings are 60.1% of GDX and 36.6% of XT, a gap of 23.5 points.
What each follows. GDX follows Gold miners and XT follows Broad innovation and megatrends.

Data as of Oct 28, 2026.

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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 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.

By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.

Questions people ask

Do GDX and XT 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 XT?: GDX has 12% of its weight in S&P 500 names and XT has 66%, so GDX differs more from the index.
Which is cheaper, GDX or XT?: GDX charges 0.51% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Other comparisons

GDX vs ARKK GDX vs IFRA GDX vs ARTY GDX vs BOTZ XT vs GDXJ XT vs ARKG XT vs IGV XT vs PAVE

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GDX on its own →XT on its own →GDX dividend history →GDX holdings →XT dividend history →XT holdings →Method →Standards and sources →

Sources and dates

GDX filings on SEC EDGAR ↗

GDX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

XT filings on SEC EDGAR ↗

XT prospectus with the expense ratio (SEC) ↗

iShares page for XT ↗

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 XT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/gdx-vs-xt

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.