# Gold miners ETFs: 10 funds, largest first

> ETFIQ covers 10 gold miners ETFs. The largest are GDX ($26.1bn), GDXJ ($8.2bn) and RING ($2.3bn); fees run 0.35% to 0.90%, as of Oct 8, 2026.

Data as of Oct 9, 2026. Rebuilt every trading night.

Data as of Oct 9, 2026 .

## Gold miners ETFs: what each one holds

Funds that hold the companies that mine gold, rather than the metal itself. A miner’s shares and an ounce of gold do not move by the same amount. 10 funds, largest first, measured by holdings rather than by name. The typical fund carries 5% of its weight in S&P 500 names, which is the 50th most of the 53 themes here with filed books.

10 US listed gold miners ETFs

$26.1bn The largest, GDX

0.35% The cheapest, AUMI

+29.1% Best one year, SGDJ

### The short answers

Least like the S&P 500 GDXJ , VanEck Junior Gold Miners ETF, 0.0% of its weight in S&P 500 companies. Closest pair AUAU and GDX , 82% of their weight in the same companies.

### What these funds actually own

Between them the 10 funds' ten largest holdings name 54 companies, of which 19 appear in more than one. Newmont Corp is among the ten largest of 6 of them, at an average of 10.8% of the fund.

| Company | Among the ten largest of | Average weight where it is | Largest, and in which fund |
| --- | --- | --- | --- |
| Newmont Corp NEM | 6 of 10 | 10.8% | 17.0% in RING |
| Agnico Eagle Mines Ltd AEM | 6 of 10 | 9.4% | 12.6% in RING |
| Wheaton Precious Metals Corp WPM | 5 of 10 | 6.2% | 7.5% in RING |
| Coeur Mining Inc CDE | 5 of 10 | 4.1% | 6.5% in GDXJ |
| Gold Fields Ltd GFI | 5 of 10 | 4.0% | 4.8% in GDMN |
| Anglogold Ashanti Plc AU | 4 of 10 | 5.2% | 6.2% in GDMN |
| Franco-Nevada Corp FNV | 4 of 10 | 5.0% | 6.0% in SGDM |
| Pan American Silver Corp PAAS | 4 of 10 | 3.4% | 3.9% in GDMN |
| Barrick Mining Corp B | 3 of 10 | 7.7% | 8.2% in GDMN |
| Alamos Gold Inc AGI | 3 of 10 | 4.5% | 6.6% in GDXJ |
| KINROSS GOLD K | 3 of 10 | 4.2% | 4.6% in AUMI |
| Kinross Gold Corp KGC | 3 of 10 | 4.2% | 5.8% in GDMN |
| BARRICK MINING ABX | 2 of 10 | 8.0% | 8.4% in RING |
| DPM Metals Inc. DPM | 2 of 10 | 5.1% | 5.2% in AUMI |
| Wesdome Gold Mines Ltd. WDO | 2 of 10 | 4.7% | 5.6% in SGDJ |

The 15 most widely held of 54. Each fund files its whole book and this counts the ten largest out of it, so a fund missing from a row may still hold that company below its own tenth position. Weights are of the funds that name it, never of the theme.

### The 10 largest gold miners ETFs

ETFIQ covers 10 gold miners ETFs. The largest are GDX ( $26.1bn ), GDXJ ( $8.2bn ) and RING ( $2.3bn ); fees run 0.35% to 0.90% , as of Oct 8, 2026 .

- GDX VanEck Gold Miners ETF $26.1bn 0.51%

- GDXJ VanEck Junior Gold Miners ETF $8.2bn 0.52%

- RING iShares MSCI Global Gold Miners ETF $2.3bn 0.39%

- SGDM Sprott Gold Miners ETF $638m 0.46%

- SGDJ Sprott Junior Gold Miners ETF $323m 0.50%

- GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund $210m 0.45%

- GBUG Sprott Active Gold & Silver Miners ETF $170m 0.90%

- GOEX Global X Gold Explorers ETF $118m 0.65%

- AUMI Themes Gold Miners ETF $25m 0.35%

- AUAU Global X Gold Miners ETF $6m 0.35%

| Ticker | Fund | Issuer | Net assets | In the S&P 500 | Active share | Total return 1Y | vs S&P 500 | Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| GDX | VanEck Gold Miners ETF | VanEck | $26.1bn | 11.2% | 99.8% | +18.9% | +1.7 pts | 0.51% |
| GDXJ | VanEck Junior Gold Miners ETF | VanEck | $8.2bn | 0.0% | 100.0% | +17.1% | −0.2 pts | 0.52% |
| RING | iShares MSCI Global Gold Miners ETF | iShares | $2.3bn | 17.0% | 99.8% | +22.8% | +5.6 pts | 0.39% |
| SGDM | Sprott Gold Miners ETF | Sprott | $638m | 7.6% | 99.8% | +23.9% | +6.6 pts | 0.46% |
| SGDJ | Sprott Junior Gold Miners ETF | Sprott | $323m | 0.0% | 100.0% | +29.1% | +11.8 pts | 0.50% |
| GDMN | WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | WisdomTree | $210m | 12.4% | 99.8% | +8.8% | −8.4 pts | 0.45% |
| GBUG | Sprott Active Gold & Silver Miners ETF | Sprott | $170m | 3.3% | 99.8% | +24.2% | +6.9 pts | 0.90% |
| GOEX | Global X Gold Explorers ETF | Global X | $118m | 0.0% | 100.0% | +23.0% | +5.8 pts | 0.65% |
| AUMI | Themes Gold Miners ETF | Themes | $25m | 0.0% | 100.0% | +17.0% | −0.2 pts | 0.35% |
| AUAU | Global X Gold Miners ETF | Global X | $6m | 12.9% | 99.8% | first traded 303 days ago | · | 0.35% |

### How much of each pair is the same fund

The closest pair is AUAU and GDX , which hold 82% of their weight in the same companies. The furthest apart is GDX and SGDJ at 1%. The middle pair of the 45 is 34%.

| | GDX | GDXJ | RING | SGDM | SGDJ | GDMN | GBUG | GOEX | AUMI | AUAU |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| GDX | · | 34% | 50% | 59% | 1% | 73% | 37% | 19% | 36% | 82% |
| GDXJ | 34% | · | 18% | 26% | 9% | 24% | 34% | 42% | 39% | 30% |
| RING | 50% | 18% | · | 57% | 5% | 49% | 33% | 8% | 39% | 48% |
| SGDM | 59% | 26% | 57% | · | 8% | 55% | 37% | 27% | 37% | 58% |
| SGDJ | 1% | 9% | 5% | 8% | · | 1% | 13% | 14% | 5% | 4% |
| GDMN | 73% | 24% | 49% | 55% | 1% | · | 35% | 14% | 37% | 71% |
| GBUG | 37% | 34% | 33% | 37% | 13% | 35% | · | 40% | 44% | 34% |
| GOEX | 19% | 42% | 8% | 27% | 14% | 14% | 40% | · | 42% | 22% |
| AUMI | 36% | 39% | 39% | 37% | 5% | 37% | 44% | 42% | · | 32% |
| AUAU | 82% | 30% | 48% | 58% | 4% | 71% | 34% | 22% | 32% | · |

Weight overlap is the sum, over every company both funds hold, of the smaller of the two weights. Funds whose published book is cut short are left out rather than compared short, which would read as two funds being more different than they are.

### What each fund holds alone

| Fund | Largest holding it alone has | Weight | All of its own names |
| --- | --- | --- | --- |
| GDX | Zijin Gold International Co Ltd | 1.1% | 1.9% |
| GDXJ | Merdeka Gold Resources Tbk Pt | 0.6% | 6.2% |
| RING | HARMONY GOLD MINING COMPANY LIMITE HAR | 1.8% | 4.7% |
| SGDJ | TR Anadolu Metal Madencilik Isletmeleri AS TRMET | 4.9% | 11.0% |
| GDMN | ZIJIN MINING GROUP CO LTD 601899 | 1.3% | 1.5% |
| GBUG | Valterra Platinum Ltd. VALT | 1.7% | 1.7% |
| GOEX | BUMI RESOURCES MINERALS TBK | 1.6% | 4.4% |
| AUMI | Orla Mining Ltd OLA | 2.2% | 2.2% |
| AUAU | ZIJIN MINING GROUP CO LTD-H | 2.5% | 5.5% |

### Questions people ask

How many gold miners ETFs are there? ETFIQ covers 10 US listed gold miners ETFs as of Oct 9, 2026. That is every one it can measure from the fund’s own published holdings. What is the largest gold miners ETF? GDX , VanEck Gold Miners ETF, at $26.1bn in net assets, the largest of the 10 gold miners ETFs with a published size as of Oct 9, 2026. What is the cheapest gold miners ETF? AUMI , Themes Gold Miners ETF, at 0.35% a year, the lowest fee of the 10 gold miners ETFs that publish one. Which gold miners ETF has performed best over the past year? SGDJ , Sprott Junior Gold Miners ETF, at +29.1% total return over the year to Oct 9, 2026, the highest of the 9 gold miners ETFs with a full year of trading behind them. Past returns do not predict future ones. What do gold miners ETFs hold? Funds that hold the companies that mine gold, rather than the metal itself. A miner’s shares and an ounce of gold do not move by the same amount. Between them the 10 gold miners ETFs ETFIQ can read name 54 companies in their ten largest holdings, most widely Newmont Corp, which is among the ten largest of 6 of them. Do gold miners ETFs hold the same companies? It depends which two. Across the 45 pairs of the 10 gold miners ETFs with a full published book, AUAU and GDX hold 82% of their weight in the same companies, GDX and SGDJ hold 1%, and the middle pair holds 34%. Two funds sold on one theme are not the same fund.

### What the issuers say about this theme

The houses behind these gold miners funds publish their own work on the subject. These are their pages and their words, not ETFIQ’s, and a fund company writing about a theme it sells a fund on is making a case. Read them that way.

| Issuer | What they publish | Kind |
| --- | --- | --- |
| VanEck | VanEck on gold investing | On this theme |
| iShares | iShares Portfolio Insights | Their research index |
| Sprott | Sprott Precious Metals Watch | On this theme |
| WisdomTree | WisdomTree blog | Their research index |
| Global X | Global X Insights, including The Next Big Theme | Their research index |
| Themes | Themes ETFs research insights | Their research index |

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

ETFIQ is an independent publisher and makes no recommendations; every figure is calculated from published data. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Gold miners ETFs: what each one holds, data as of Oct 9, 2026. https://etfiq.com/themes/gold
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