VanEck Gold Miners ETF GDX · AMEX
$86.61 -1.26% (-$1.11)
Summary
VanEck Gold Miners ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 67. The ten largest make up 60% of the fund.
- Yearly costs
- 0.51%
- Fund size
- $26.8B
- Positions
- 67
- Dividend yield
- 0.73%
- Running since
- 2006
What speaks for it
- A large fund with $26.8B under management.
- Easy to buy and sell: about $1.95B changes hands a day.
- Average yearly growth over the last ten years: 13%.
- It has been running since 2006.
What to watch
- The ten largest positions make up 60% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Basic materials).
- In the last five years its price once dropped by 47% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -8.1%
- 3 months
- +23%
- This year
- +2.3%
- 1 year
- +11%
- 3 years
- +197%
- 5 years
- +170%
- 10 years
- +253%
- Avg. market cap
- $48.6B
- P/E
- 14.3x
- Forward P/E
- 12.7x
- P/S
- 4.8x
- P/B
- 3.3x
- P/FCF
- 14.3x
- EV/EBITDA
- 7.7x
- Dividend yield
- 1.38%
- ROIC
- 160.1%
- ROE
- 25.7%
- Gross margin
- 57.1%
- Operating margin
- 52.7%
- Net margin
- 38.2%
- Payout ratio
- 19.7%
- Net debt/EBITDA
- -0.1x
- Beta
- 0.81
Weighted average of the 50 largest companies, which make up 95% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 AEAgnico Eagle Mines AEM 11%
- 2 NENewmont NEM 11%
- 3 BBarnes Group Inc. B 8.0%
- 4 WPWheaton Precious Metals Corp. WPM 5.6%
- 5 FNFranco-Nevada Corporation FNV 5.2%
- 6 AUAngloGold Ashanti AU 4.8%
- 7 GFGold Fields Limited GFI 3.9%
- 8 KGKinross Gold KGC 3.9%
- 9 NSNorthern Star Resources Limited NST.AX 2.9%
- 10 PAPan American Silver Corp. PAAS 2.6%
Positions in the fund: 67. The ten largest make up 60% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Basic materials 100%
By country
- Canada 56%
- United States 23%
- Australia 8.4%
- South Africa 4.8%
- Other countries 8.1%
By company size
- Large cap 79%
- Mid cap 21%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Basic materials (100%). Largest country: Canada (56%). Largest size group: Large cap (79%).
What does it cost me?
Usual costs- A year from $10,000
- $51.00
- Over 20 years
- $2,462
From every $10,000 invested the fund takes $51.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,462.
How has it done?
Growing over the long run- A year on average, 10 years
- +13%
- Deepest drop
- -47%
- Yearly volatility
- 52%
Average yearly growth over the last ten years: 13%. Deepest drop in these years: 47% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.73%
- Payments a year
- 1
- Last payment
- $0.63
Over the last 12 months it paid $0.63 per share, which is 0.73% of today's price. The last payment was $0.63 on Dec 22, 2025.
Is it easy to buy and sell?
Very easy- Traded a day
- $1.95B
- Shares a day
- 22M
On an average day about $1.95B of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 14.3
- Average Bulios Score
- 82 out of 100
Weight by Bulios Fair Price
- Undervalued 35%
- Fairly valued 11%
- Overvalued 54%
On average the companies inside trade for 14.3 times their yearly profit. By Fair Price, 54% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 95% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
AU AUAU Global X - Gold Miners ETF | United States | 0.35% | $14.6M | - | Pays out | 84% |
OG OGMIX Invesco Gold & Special Minerals R6· mutual fund | - | - | $3.86B | +14% | Pays out | 69% |
OG OGMYX Invesco Gold & Special Minerals Y· mutual fund | - | - | $3.86B | +14% | Reinvests | 69% |
PM PMTL FIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETF | United States | 0.65% | $1.16M | - | - | 61% |
GD GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | United States | 0.45% | $161.7M | -5.4% | Pays out | 51% |
G2 G2X.DE VanEck Gold Miners UCITS ETF | Ireland | 0.53% | $3.58B | +17% | Reinvests | 43% |
