Do GDXJ and SLX 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, GDXJ or SLX?

GDXJ has 0% of its weight in S&P 500 names and SLX has 14%, so GDXJ differs more from the index.

Which is cheaper, GDXJ or SLX?

GDXJ charges 0.52% a year and SLX charges 0.55%, so GDXJ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GDXJ vs SLX: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GDXJ returned +21.7% to SLX's +32.9%; 0% of their weight is in the same names.

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Net assets on Nov 3, 2026: $7.0bn for VanEck Junior Gold Miners ETF and $150m for VanEck Steel ETF.

GDXJ on its own →SLX on its own →

At a glance

0.0%

GDXJ in the S&P 500

13.5%

SLX in the S&P 500

+21.7%

GDXJ total return, 1 year

+32.9%

SLX total return, 1 year

GDXJ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

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

SLX · 1 year to Nov 4, 2026 87% of its weight is outside the S&P 500

14% of SLX's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

GDXJ costs 0.03 points a year less; their one-year returns differ by 11.2 points; GDXJ is far larger, $7.0bn against $150m.

Points (pts) are percentage points.

GDXJ vs SLX: Holdings Overlap & Returns
Measure	GDXJ	SLX
Return
Measure	GDXJ	SLX
Total return, 1 year	+21.7%	+32.9%
Drawdown
Measure	GDXJ	SLX
Below its all-time high	33.3%, high on Feb 27, 2026	12.2%, high on Jun 2, 2026
Against its benchmark
Measure	GDXJ	SLX
What it tracks	Gold miners	Miners and metals
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 6.7 pts	ahead by 17.9 pts
Cost and size
Measure	GDXJ	SLX
Expense ratio	0.52%	0.55%
Net assets, as of Nov 3, 2026	$7.0bn	$150m
Holdings
Measure	GDXJ	SLX
Holdings in common	0%

Method

Risk and return

Nov 20, 2009 to Oct 30, 2026 · 884 weekly returns · each against ACWI

GDXJ SLX

Return

Total return edge SLX +25.3% +190.8%

Annualized edge SLX +1.3% +6.5%

Price return edge SLX −11.3% +70.9%

Risk

Volatility edge SLX 42.7% 31.4%

Max drawdown edge SLX −88.3% −75.5%

Downside capture 97.7% 129.7%

Beta 0.99 1.48

Risk-adjusted

Sharpe edge SLX 0.21 0.31

Sortino edge SLX 0.30 0.46

Treynor 0.092 0.065

Calmar edge SLX 0.02 0.09

Against the benchmark

Alpha −0.3% a year −4.4% a year

Alpha t-stat −0.03 −0.89

Information ratio −0.01 0.01

Tracking error 39.5% 21.7%

Reading

From Nov 2009 to Oct 2026, SLX returned more: +190.8% to +25.3%. SLX swung less: 31.4% to 42.7%. SLX fell less at its worst: −75.5% to −88.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GDXJ vs SLX: Holdings Overlap & Returns
Measure	GDXJ	SLX	ACWI	Edge	How it is measured
Return
Total return	+25.3%	+190.8%		SLX	Price change plus distributions, reinvested.
Annualized	+1.3%	+6.5%		SLX	Total return as a yearly rate.
Price return	−11.3%	+70.9%		SLX	Price change alone, distributions left out.
Risk
Volatility	42.7%	31.4%		SLX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	30.0%	21.1%		SLX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−88.3%	−75.5%		SLX	Deepest fall from a high to the low after it.
Upside capture	72.0%	173.5%	100.0%	SLX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	97.7%	129.7%	100.0%	GDXJ	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.99	1.48	1.00	GDXJ lower	How far it moves for each 1% its benchmark moves.
R squared	0.14	0.58	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.21	0.31		SLX	Return above Treasury bills per unit of volatility.
Sortino	0.30	0.46		SLX	Return above Treasury bills per unit of downside deviation.
Treynor	0.092	0.065	0.095	GDXJ	Return above Treasury bills per unit of beta.
Calmar	0.02	0.09		SLX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	−0.3% a year	−4.4% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.03	−0.89		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−19.2% to +18.6%	−14.1% to +5.3%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.01	0.01		SLX	Return against its benchmark per unit of tracking error.
Tracking error	39.5%	21.7%	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, 884 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GDXJ and SLX hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GDXJ SLX

Only in one fund ↓

Only in GDXJ

Alamos Gold Inc 6.47%

Equinox Gold Corp 6.34%

Coeur Mining Inc 6.07%

Endeavour Mining Plc 5.60%

Iamgold Corp 5.24%

Industrias Penoles Sab De Cv 2.55%

First Majestic Silver Corp 2.22%

Hecla Mining Co 2.22%

Only in SLX

Nucor Corp 7.73%

Bhp Group Ltd 6.84%

Rio Tinto Plc 6.36%

Steel Dynamics Inc 5.77%

Reliance Steel & Aluminum Co 5.67%

Vale Sa 5.58%

Arcelormittal Sa 5.27%

Nippon Steel Corp 4.75%

Check overlap with more funds →

Window by window

Window by window: GDXJ vs SLX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GDXJ	SLX	GDXJ	SLX
3 months	−4.8%	−9.3%	−3.5 pts vs ACWI	−8.0 pts vs ACWI
6 months	−15.1%	−8.1%	−17.7 pts vs ACWI	−10.7 pts vs ACWI
1 year	+21.7%	+32.9%	+6.7 pts vs ACWI	+17.9 pts vs ACWI
3 years	+210.2%	+64.3%	+132.6 pts vs ACWI	−13.3 pts vs ACWI
Since launchNot the same days: GDXJ Nov 2009 · SLX Oct 2006	+44.7%	+326.1%	not measured	not 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 SLX VanEck Steel ETF · Holds 39 stocks in miners and metals, 14% of its weight in S&P 500 companies

Issuer VanEck VanEck

Theme Gold miners Miners and metals

In the S&P 500 0.0% 13.5%

Active share vs the S&P 500 100.0% 99.9%

In the Nasdaq-100 0.0% 0.0%

Holdings 155 39

Top ten, share of the fund 40.7% 56.6%

Expense ratio 0.52% 0.55%

Fee for the differing part 0.52% 0.55%

Total return, 1 year +21.7% +32.9%

vs its benchmark +6.7 pts vs ACWI +17.9 pts vs ACWI

Below its high −33.3% −12.2%

Net assets, as of Nov 3, 2026 $7.0bn $150m

As of Nov 4, 2026. Source: ETFIQ.

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

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.

SLX

By weight, 14% of SLX'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 57% of the fund across 39 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +32.9% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 17.9 pts. It sits 12.2% below its all-time high of Jun 2, 2026.

Questions people ask

Do GDXJ and SLX 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, GDXJ or SLX?: GDXJ has 0% of its weight in S&P 500 names and SLX has 14%, so GDXJ differs more from the index.
Which is cheaper, GDXJ or SLX?: GDXJ charges 0.52% a year and SLX charges 0.55%, so GDXJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

GDXJ vs PICK GDXJ vs NIKL GDXJ vs GOAU GDXJ vs METL SLX vs RING SLX vs SGDJ SLX vs GOEX SLX vs SGDM

Where to next

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

Sources and dates

GDXJ and SLX filings on SEC EDGAR ↗

GDXJ and SLX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

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, GDXJ against SLX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdxj-vs-slx

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