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GDX
Gold Miners ETF
VanEck Gold Miners UCITS ETF
Marketing Communication
GDX
Gold Miners ETF
VanEck Gold Miners UCITS ETF
ISIN:
IE00BQQP9F84
Fund Description
Glittering through good and bad times, gold has proved the ultimate hedge against uncertainty. The VanEck Gold Miners UCITS ETF invests in gold and silver miners’ stocks, which have prices strongly correlated with the gold price.
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NAV$130.67
as of 27 Feb 2026 -
YTD RETURNS34.10%
as of 27 Feb 2026 -
Total Net Assets$5.1 billion
as of 27 Feb 2026 -
Total Expense Ratio0.53%
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Inception Date25 Mar 2015
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SFDR ClassificationArticle 6
Overview
Fund Description
VanEck Gold Miners UCITS ETF offers exposure to publicly traded companies that mine gold and silver, whose performance can be influenced by the underlying price trends.
- Gold mining stocks offer exposure to gold price movements while also reflecting the operational and financial performance of the underlying companies.
- Including gold miners in a portfolio may provide benefits for diversification, but investors should be aware of the cyclical nature of the mining sector.
- Exposure to gold miners may offer partial inflation protection, depending on commodity prices and broader economic conditions. Please note that results from the past are not guaranteed of future performance.
Main Risk Factors: Risk of investing in natural resources companies, industry or sector concentration risk, risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing. You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested.
Underlying Index
MarketVector™ Global Gold Miners Index (MVGDXTR)
Fund Highlights
- Gold mining stocks offer exposure to gold price movements while also reflecting the operational and financial performance of the underlying companies.
- Including gold miners in a portfolio may provide benefits for diversification, but investors should be aware of the cyclical nature of the mining sector.
- Exposure to gold miners may offer partial inflation protection, depending on commodity prices and broader economic conditions. Please note that results from the past are not guaranteed of future performance.
Risk Factors: Risk of investing in natural resources companies, industry or sector concentration risk, risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing.You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested.
Underlying Index
NYSE Arca Gold Miners Index (GDMNTR)
Capital Markets
VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdfPerformance
Holdings
Portfolio
Documents
Index
Index Description
MarketVector™ Global Gold Miners Index is a pure-play, global index, tracking the performance of the largest publicly-traded companies worldwide which are primarily involved in the mining for gold and silver.
Index Key Points
Underlying Index
MarketVector™ Global Gold Miners Index (MVGDX)
Index components
The index comprises publicly traded companies involved in the gold mining industry.
Companies eligible for inclusion
- Globally-listed
- Full MCap of at least 150 mln USD.
- Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews.
- At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews.
Index Provider:
MarketVector Indexes GmbH. Full methodology details, selection and review processes as well as real-time index values and weightings are disclosed on www.marketvector.com
Awards
Main Risks
Main Risk Factors of a Gold ETF
While the diversification in a multi-asset strategy reduces risk, it is important to remember that all investments carry some risk. The Multi-Asset Funds by VanEck are subject to the four risks below:
The securities of smaller companies may be more volatile and less liquid than the securities of large companies. Smaller companies, when compared with larger companies, may have a shorter history of operations, fewer financial resources, less competitive strength, may have a less diversified product line, may be more susceptible to market pressure and may have a smaller market for their securities.
The Fund’s assets may be concentrated in one or more particular sectors or industries. The Fund may be subject to the risk that economic, political or other conditions that have a negative effect on the relevant sectors or industries will negatively impact the Fund's performance to a greater extent than if the Fund’s assets were invested in a wider variety of sectors or industries.
Investments in natural resources and natural resources companies, which include companies engaged in alternatives (e.g., water and alternative energy), base and industrial metals, energy and precious metals, are very dependent on the demand for, and supply and price of, natural resources and can be significantly affected by events relating to these industries, including international political and economic developments, embargoes, tariffs, inflation, weather and natural disasters, limits on exploration, often changes in the supply and demand for natural resources and other factors.