Data as of Oct 28, 2026.
GDXJ vs XME: Holdings Overlap & Returns
Over the year to Oct 28, 2026, GDXJ returned +14.8% to XME's +3.4%; 7% of their weight is in the same names.
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Net assets on Oct 27, 2026: $7.6bn for VanEck Junior Gold Miners ETF and $3.8bn for State Street SPDR S&P Metals & Mining ETF.
0% of GDXJ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Oct 22, 2026.
21% of XME's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
XME costs 0.17 points a year less; their one-year returns differ by 11.4 points; GDXJ is 2.0 times larger.
Points (pts) are percentage points.
| Measure | GDXJ | XME |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.8% | +3.4% |
| Drawdown | ||
| Below its all-time high | 33.1%, high on Feb 27, 2026 | 23.6%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Gold miners | Miners and metals |
| Against the S&P 500, 1 year | behind by 10.3 pts | |
| Its benchmark, total return, 1 year | +13.4% | +13.7% |
| Against its benchmark, 1 year | ahead by 1.4 pts | behind by 10.3 pts |
| Cost and size | ||
| Expense ratio | 0.52% | 0.35% |
| Net assets, as of Oct 27, 2026 | $7.6bn | $3.8bn |
| Holdings | ||
| Holdings in common | 7% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 20, 2009 to Oct 23, 2026 · 883 weekly returnsEach against its own benchmark: GDXJ against ACWI, Nov 20, 2009 to Oct 23, 2026; XME against IVV, Jun 30, 2006 to Oct 23, 2026.
XME returned more: +146.6% to +31.1%. XME swung less: 33.2% to 42.7%. XME fell slightly less at its worst: −82.6% to −88.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GDXJ | XME | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +31.1% | +146.6% | XME | Price change plus distributions, reinvested. |
| Annualized | +1.6% | +5.5% | XME | Total return as a yearly rate. |
| Price return | −7.2% | +97.4% | XME | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 42.7% | 33.2% | XME | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 30.0% | 22.8% | XME | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −88.3% | −82.6% | XME (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 72.0% | 147.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.3% | 124.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.45 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.14 | 0.49 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.22 | 0.28 | XME | Return above Treasury bills per unit of volatility. |
| Sortino | 0.31 | 0.41 | XME | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.095 | 0.066 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.02 | 0.07 | XME | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWI | IVV | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −5.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.01 | −0.96 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −19.0% to +18.9% | −17.2% to +5.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | −0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 39.5% | 27.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 883 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDXJ and XME hold 7% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
7% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GDXJ | XME | GDXJ | XME |
| 3 months | +9.9% | +3.9% | +5.5 pts vs ACWI | −2.2 pts vs IVV |
| 6 months | −8.0% | −11.5% | −15.4 pts vs ACWI | −20.6 pts vs IVV |
| 1 year | +14.8% | +3.4% | +1.4 pts vs ACWI | −10.3 pts vs IVV |
| 3 years | +220.2% | +108.2% | +131.3 pts vs ACWI | +12.8 pts vs IVV |
| Since launchNot the same days: GDXJ Nov 2009 · XME Jun 2006 | +44.9% | +189.8% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
7% of the two portfolios are the same securities at the same weight.
GDXJ and XME are built for the same job. How do they differ in cost, holdings and results?
- Theme. GDXJ covers Gold miners and XME covers Miners and metals.
- Concentration. The top ten holdings are 40.8% of GDXJ and 53.3% of XME, a gap of 12.5 points.
- What each follows. GDXJ follows Gold miners and XME follows Miners and metals.
Data as of Oct 28, 2026.
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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 156 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +14.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 1.4 pts. It sits 33.1% below its all-time high of Feb 27, 2026.
XME
By weight, 21% of XME'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 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Do GDXJ and XME hold the same stocks?
- By their latest filings, 7% 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 XME, data as of Oct 28, 2026. https://etfiq.com/compare/themes/gdxj-vs-xme
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