{"schemaVersion":1,"ticker":"GDX","asOf":"2026-10-26","desk":"themes","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/gdx/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, GDX against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/gdx/"},"benchmark":{"ticker":"ACWI","name":"MSCI ACWI Index","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"kind":"benchmark","a":"GDX","b":"ACWI","window":{"from":"2008-04-04","to":"2026-10-23","firstReturn":"2008-04-11","weeklyReturns":968,"years":18.55,"short":false,"weekEnding":"2026-10-25"},"riskFree":{"rate":0.01444147,"perWeek":0.0002777206,"days":4642,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":0.91517463,"b":3.33076138,"edge":"ACWI","lead":"ACWI"},"annualised":{"a":0.03552349,"b":0.08192112,"edge":"ACWI","lead":"ACWI"},"price":{"a":0.63974647,"b":2.0465532,"edge":"ACWI","lead":"ACWI"},"volatility":{"a":0.38764645,"b":0.18512157,"edge":"ACWI","lead":"ACWI"},"downsideDeviation":{"a":0.26540422,"b":0.13248299,"edge":"ACWI","lead":"ACWI"},"maxDrawdown":{"a":-0.79203879,"b":-0.55314745,"edge":"ACWI","lead":"ACWI","aPeak":"2011-09-09","aTrough":"2016-01-22","bPeak":"2008-05-16","bTrough":"2009-03-06"},"excess":{"a":0.09622105,"b":0.08167847,"edge":"GDX","lead":"GDX"},"sharpe":{"a":0.24821858,"b":0.4412153,"edge":"ACWI","lead":"ACWI"},"sortino":{"a":0.36254529,"b":0.61652044,"edge":"ACWI","lead":"ACWI"},"calmar":{"a":0.04485069,"b":0.14809998,"edge":"ACWI","lead":"ACWI"}},"relative":{"GDX":{"on":"ACWI","beta":0.75799216,"r2":0.13103033,"alpha":0.03430941,"alphaT":0.40867138,"alphaLow":-0.13044294,"alphaHigh":0.19906176,"upsideCapture":0.50182926,"downsideCapture":0.74864522,"treynor":0.12694201,"trackingError":0.36412497,"informationRatio":0.03993843,"upWeeks":553,"downWeeks":412,"treynorReference":0.08167847,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"ACWI","lead":"ACWI"},"downsideCapture":{"edge":"GDX","lead":"GDX"},"treynor":{"edge":"GDX","lead":"GDX"},"informationRatio":{"edge":null,"lead":"GDX","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"GDX":{"kept":"2026-10-26","distributions":17,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":968,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.91517463}},"ACWI":{"kept":"2026-10-26","distributions":38,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":968,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":3.33076138}}}}