Data as of Nov 4, 2026.
GDXJ vs GOEX: Holdings Overlap & Returns
Over the year to Nov 4, 2026, GDXJ returned +21.7% to GOEX's +23.8%; 46% of their weight is in the same names.
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Net assets: $7.0bn on Nov 3, 2026 for VanEck Junior Gold Miners ETF, and $121m on Oct 12, 2026 for Global X Gold Explorers ETF.
0% of GDXJ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 2, 2026.
0% of GOEX's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
GDXJ costs 0.13 points a year less; their one-year returns differ by 2.1 points; GDXJ is far larger, $8.3bn against $121m.
Points (pts) are percentage points.
| Measure | GDXJ | GOEX |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.7% | +23.8% |
| Drawdown | ||
| Below its all-time high | 33.3%, high on Feb 27, 2026 | 30.4%, high on Mar 2, 2026 |
| Against its benchmark | ||
| What it tracks | Gold miners | Gold miners |
| Its benchmark, total return, 1 year | +15.0% | +15.0% |
| Against its benchmark, 1 year | ahead by 6.7 pts | ahead by 8.8 pts |
| Cost and size | ||
| Expense ratio | 0.52% | 0.65% |
| Net assets, as of Oct 12, 2026 | $8.3bn | $121m |
| Holdings | ||
| Holdings in common | 46% | |
Risk and return
Nov 12, 2010 to Oct 30, 2026 · 833 weekly returns · each against ACWIFrom Nov 2010 to Oct 2026, GOEX returned more: +0.9% to −14.4%. GOEX swung slightly less: 41.4% to 42.9%. GDXJ and GOEX fell about the same at their worst: −88.3% and −88.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GDXJ | GOEX | ACWI | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | −14.4% | +0.9% | GOEX | Price change plus distributions, reinvested. | |
| Annualized | −1.0% | +0.1% | GOEX | Total return as a yearly rate. | |
| Price return | −39.4% | −47.4% | GDXJ | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 42.9% | 41.4% | GOEX (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 30.2% | 29.0% | GOEX (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −88.3% | −88.4% | Tie | Deepest fall from a high to the low after it. | |
| Upside capture | 62.5% | 59.6% | 100.0% | GDXJ (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 95.2% | 91.1% | 100.0% | GOEX (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.95 | 0.89 | 1.00 | GOEX lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.12 | 0.12 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.16 | 0.17 | GOEX (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.23 | 0.25 | GOEX (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.072 | 0.081 | 0.094 | GOEX | Return above Treasury bills per unit of beta. |
| Calmar | −0.01 | 0.00 | GOEX | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWI | ACWI | ACWI | The ETF each fund is measured against. | |
| Alpha | −2.0% a year | −1.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.20 | −0.12 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −21.8% to +17.7% | −20.3% to +17.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.06 | −0.06 | GOEX (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 40.1% | 38.9% | 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, 833 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDXJ and GOEX hold 46% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
46% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GDXJ | GOEX | GDXJ | GOEX |
| 3 months | −4.8% | −3.8% | −3.5 pts vs ACWI | −2.5 pts vs ACWI |
| 6 months | −15.1% | −11.1% | −17.7 pts vs ACWI | −13.7 pts vs ACWI |
| 1 year | +21.7% | +23.8% | +6.7 pts vs ACWI | +8.8 pts vs ACWI |
| 3 years | +210.2% | +233.2% | +132.6 pts vs ACWI | +155.6 pts vs ACWI |
| Since launchNot the same days: GDXJ Nov 2009 · GOEX Nov 2010 | +44.7% | +9.8% | not measured | −359.4 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
46% of the two portfolios are the same securities at the same weight.
Client brief:
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GDXJ
By weight, 0% of GDXJ'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 41% of the fund across 155 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +21.7% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 6.7 pts. It sits 33.3% below its all-time high of Feb 27, 2026.
GOEX
By weight, 0% of GOEX'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 38% of the fund across 52 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +23.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 8.8 pts. It sits 30.4% below its all-time high of Mar 2, 2026.
Questions people ask
- Do GDXJ and GOEX hold the same stocks?
- By their latest filings, 46% 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, GDXJ against GOEX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdxj-vs-goex
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