Data as of Nov 4, 2026.

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Thematic ETFs

GDXJ vs GUNR: Holdings Overlap & Returns

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GUNR holds 27.1% of its weight in S&P 500 companies and GDXJ 0.0%.

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Net assets: $7.0bn on Nov 3, 2026 for VanEck Junior Gold Miners ETF, and $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF.

At a glance
0.0%
GDXJ in the S&P 500
27.1%
GUNR in the S&P 500
+21.7%
GDXJ total return, 1 year
+26.8%
GUNR total return, 1 year
GDXJ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of GDXJ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 2, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 41% of the fund · 155 holdings as published by its issuer for Nov 2, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of GDXJ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 2, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of GDXJ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 2, 2026.

GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500
73% of its weight is outside the S&P 50027% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.27%73%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 37% of the fund · 135 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in73% of its weight is outside the S&P 50027% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.27%73%inoutside the S&P 500active share 98% · Nasdaq-100: 0% in

27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

GUNR costs 0.06 points a year less; their one-year returns differ by 5.1 points.

Points (pts) are percentage points.

GDXJ vs GUNR: Holdings Overlap & Returns
MeasureGDXJGUNR
Return
Total return, 1 year+21.7%+26.8%
Drawdown
Below its all-time high33.3%, high on Feb 27, 20267.5%, high on Sep 9, 2026
Against its benchmark
What it tracksGold minersNatural resources
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearahead by 6.7 pts
Cost and size
Expense ratio0.52%0.46%
Net assets, GDXJ as of Nov 3, 2026 and GUNR as of Jul 31, 2026$7.0bn$7.2bn
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: GDXJ vs GUNR: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGDXJGUNRGDXJGUNR
3 months−4.8%+1.3%−3.5 pts vs ACWInot measured
6 months−15.1%−2.5%−17.7 pts vs ACWInot measured
1 year+21.7%+26.8%+6.7 pts vs ACWInot measured
3 years+210.2%+45.4%+132.6 pts vs ACWInot measured
Since launchNot the same days: GDXJ Nov 2009 · GUNR Sep 2011+44.7%+149.3%not measurednot measured

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Side by side

GDXJ VanEck Junior Gold Miners ETF · Holds 155 stocks in gold miners, 0% of its weight in S&P 500 companies GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF · Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companies
Theme Gold miners Natural resources
In the S&P 500 0.0% 27.1%
Active share vs the S&P 500 100.0% 98.3%
In the Nasdaq-100 0.0% 0.4%
Holdings 155 135
Top ten, share of the fund 40.7% 36.6%
Expense ratio 0.52% 0.46%
Fee for the differing part 0.52% 0.47%
Total return, 1 year +21.7% +26.8%
vs its benchmark +6.7 pts vs ACWI not measured
Below its high −33.3% −7.5%
Net assets, GDXJ as of Nov 3, 2026 and GUNR as of Jul 31, 2026 $7.0bn $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund
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.

GUNR

By weight, 27% of GUNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 37% of the fund across 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.

Questions people ask

Which is more different from the S&P 500, GDXJ or GUNR?
GDXJ has 0% of its weight in S&P 500 names and GUNR has 27%, so GDXJ differs more from the index.
Which is cheaper, GDXJ or GUNR?
GDXJ charges 0.52% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.
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ETFIQ, GDXJ against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdxj-vs-gunr

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