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GDXVanEck Vectors Gold Miners ETF
Latest Market Updates*
- We believe there is a compelling opportunity in the space today with gold reaching all-time highs and companies healthier than they’ve been at any time in the last 10-20 years.
- In our view, financial market risks – including extreme monetary policies, negative real rates and unsustainable debt levels – remain persistent and pervasive and may continue to support higher gold prices for the foreseeable future.
- Notable, too, is the historical performance of mid-tier and junior gold mining companies during similar periods of rising gold prices in the past, where such support levels have helped fuel outperformance of these companies relative to their larger-cap, senior/major mining peers.
Fund Description
VanEck Vectors® Gold Miners ETF (GDX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (GDMNTR), which is intended to track the overall performance of companies involved in the gold mining industry.
-
Fund Ticker
GDX -
Exchange
NYSE Arca -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
GDMNTR -
Index Rebalancing
Quarterly
as of 01/14/21
-
30-Day SEC Yield1
0.55% -
Total Net Assets
$16.2B -
Number of Holdings
53 -
Options
Available -
Gross Expense Ratio2
0.52% -
Net Expense Ratio/TER2
0.52% -
Distribution Frequency
Annual
Fundamentals
as of 12/31/20
-
Weighted Average Market Cap
$17.8B -
Price/Earnings Ratio
20.75
(Last 12 Months)* -
Price/Book Ratio
2.14
(Last 12 Months)*
*A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
Market Capitalization (%)
as of 12/31/20
-
Capitalization
% of Net
Assets ($) -
Large (>$5.0B)
76.3% -
Mid ($1.0 - $5.0B)
22.8% -
Small (<$1.0B)
0.9%
This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
3-YR Risk Measures
as of 12/31/20
-
Beta vs. S&P 500 Index
0.72 -
Correlation vs. S&P 500 Index
0.39 -
Volatility (Standard Deviation)
33.66 -
Sharpe Ratio
0.44
Source: VanEck, FactSet.
Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.5
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
Canada
44.40 -
■
United States
16.99 -
■
Australia
14.73 -
■
Brazil
6.87 -
■
South Africa
4.31 -
■
China
3.43 -
■
Tanzania
3.36 -
■
Côte D'Ivoire
1.35 -
■
Kyrgyzstan
1.22 -
■
Peru
1.10 -
■
Turkey
0.83 -
■
Egypt
0.70 -
■
Burkina Faso
0.62 -
■
Other/Cash
0.09
Portfolio Composition (%)
as of 01/14/21
- % of Net Assets
-
Stocks
99.93 -
Bonds
0.00 -
Other
0.00 -
Cash
0.07
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Materials
99.9 -
■
Other/Cash
0.1
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
71.75 -
Australian Dollar
14.24 -
Canadian Dollar
9.79 -
Hong Kong Dollar
3.43 -
British Pound
0.70 -
Other/Cash
0.09