{
 "ticker": "GDX",
 "name": "VanEck Gold Miners ETF",
 "issuer": "VanEck",
 "desk": "themes",
 "url": "https://etfiq.com/funds/GDX",
 "html": "https://etfiq.com/funds/GDX",
 "markdown": "https://etfiq.com/funds/GDX.md",
 "as_of": "2026-09-11",
 "verdict": "GDX holds 59 stocks, and 89% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "11.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GDX, already in the S&P 500: 11.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GDX, active share vs the S&P 500: 99.8%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "58.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GDX, top ten holdings: 58.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+40.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "GDX, total return, 1 year: +40.2%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$22.8bn",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "GDX, net assets: $22.8bn (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.51%",
   "source": "485BPOS XBRL, Apr 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "GDX, expense ratio: 0.51% (485BPOS XBRL, Apr 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Miners and metals",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2010",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "11.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.8%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "58.2%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "59",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Newmont Corp 11.0%, Agnico Eagle Mines Ltd 10.6%, Barrick Mining Corp 7.3%, Wheaton Precious Metals Corp 5.9%, Anglogold Ashanti Plc 5.1%, Franco-Nevada Corp 4.8%, Gold Fields Ltd 4.2%, Kinross Gold Corp 4.2%, Pan American Silver Corp 2.6%, Northern Star Resources Ltd 2.4%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$22.8bn",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221216.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.51%",
   "source": "485BPOS XBRL, Apr 29, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.51%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "AUAU 84%, GDMN 77%, RING 69%, SGDM 57%, GBUG 40%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+21.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+18.0 pts",
   "Gap to Nasdaq-100": "+22.1 pts"
  },
  {
   "window": "6 months",
   "Total return": "+4.1%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221211.9 pts",
   "Gap to Nasdaq-100": "\u221216.6 pts"
  },
  {
   "window": "1 year",
   "Total return": "+40.2%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+22.7 pts",
   "Gap to Nasdaq-100": "+17.2 pts"
  },
  {
   "window": "3 years",
   "Total return": "+249.2%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+171.3 pts",
   "Gap to Nasdaq-100": "+154.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+137.2%",
   "S&P 500": "+804.4%",
   "Gap to S&P 500": "\u2212667.2 pts",
   "Gap to Nasdaq-100": "\u22121536.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of GDX is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 11% of GDX by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does GDX hold?",
   "a": "59 positions as published by its issuer for Sep 10, 2026, with the top ten at 58% of the fund. The largest are Newmont Corp at 11.0%, Agnico Eagle Mines Ltd at 10.6%, Barrick Mining Corp at 7.3%."
  },
  {
   "q": "Has GDX beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 GDX returned +40.2% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 22.7 points."
  },
  {
   "q": "What does GDX cost?",
   "a": "The prospectus expense ratio is 0.51% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.51%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}