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GDXVanEck Vectors Gold Miners ETF
- We believe Gold companies are healthier than they’ve been in 10-20 years with low operating costs, healthy balance sheets, and attractive valuations.
- Extreme monetary policies, negative real interest rates, unsustainable sovereign and corporate debt levels and diminishing dollar headwinds should continue to support higher prices for gold in our view.
- Historically, mid-tier and junior gold mining companies have historically outperformed in market recoveries and/or supportive gold price environments.
Read Joe Foster’s Latest Commentary: A Gold Star for the Other Junior Class
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 07/14/20
-
30-Day SEC Yield1
0.31% -
Total Net Assets
$16.6B -
Number of Holdings
53 -
Options
Available -
Gross Expense Ratio2
0.52% -
Net Expense Ratio/TER2
0.52% -
Distribution Frequency
Annual
Fundamentals
as of 06/30/20
-
Weighted Average Market Cap
$20.6B -
Price/Earnings Ratio
21.28
(Last 12 Months)* -
Price/Book Ratio
2.41
(Last 12 Months)*
*A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
Market Capitalization (%)
as of 06/30/20
-
Capitalization
% of Net
Assets ($) -
Large (>$5.0B)
79.0% -
Mid ($1.0 - $5.0B)
19.7% -
Small (<$1.0B)
1.3%
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 05/31/20
-
Beta vs. S&P 500 Index
0.82 -
Correlation vs. S&P 500 Index
0.43 -
Volatility (Standard Deviation)
31.92 -
Sharpe Ratio
0.43
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.6
Country Weightings (%) as of 06/30/20
-
Country
% of Net Assets -
■
Canada
44.44 -
■
United States
18.18 -
■
Australia
14.68 -
■
Brazil
7.23 -
■
Tanzania
4.23 -
■
South Africa
4.11 -
■
China
1.36 -
■
Côte D'Ivoire
1.30 -
■
Kyrgyzstan
1.13 -
■
Egypt
0.91 -
■
Peru
0.80 -
■
Burkina Faso
0.64 -
■
Turkey
0.56 -
■
Russia
0.36 -
■
Other/Cash
0.06
Portfolio Composition (%)
as of 07/13/20
- % of Net Assets
-
Stocks
99.95 -
Bonds
0.00 -
Other
0.00 -
Cash
0.05
Sector Weightings (%) as of 06/30/20
-
Sector
% of Net Assets -
■
Materials
99.9 -
■
Other/Cash
0.1
Currency Exposure (%)
as of 06/30/20
-
U.S. Dollar
73.78 -
Australian Dollar
14.19 -
Canadian Dollar
9.34 -
Hong Kong Dollar
1.36 -
British Pound
1.27 -
Other/Cash
0.06