ETF fact sheet · GDX · Gold miners
VanEck Gold Miners ETF
The model values 3 of GDX's 58 holdings. At the median their price sits 3.2% above its fair value, and 0% of them are priced below it.
Among the holdings the model backs with medium or high evidence, the cheapest by its reckoning is Newmont (NEM), priced 1.1% above fair value, and the priciest is Hecla Mining (HL), priced 3.2% above fair value. That is the model's opinion, not advice.
The fund through Faircurve's model, from its run of 24 Oct 2026; closes to 27 Oct 2026.
GDX through the model
| Holding | Weight | 1D | Price vs fair value | Evidence |
|---|---|---|---|---|
| NEM Newmont | 11.4% | +2.04% | 1.1% above | medium |
| AEM Agnico Eagle Mines | 11.4% | not covered | ||
| B Barrick Mining | 8.0% | not covered | ||
| WPM Wheaton Precious Metals | 5.5% | not covered | ||
| FNV Franco-Nevada | 5.2% | not covered | ||
| AU Anglogold Ashanti | 4.8% | not covered | ||
| GFI Gold Fields | 3.9% | not covered | ||
| KGC Kinross Gold | 3.8% | not covered | ||
| NST.AX Northern Star Resources | 3.0% | not covered | ||
| PAAS Pan American Silver | 2.7% | not covered | ||
| RGLD Royal Gold | 2.1% | +2.37% | 7.8% above | low |
| AGI Alamos Gold | 1.9% | not covered | ||
| CDE Coeur Mining | 1.9% | not covered | ||
| EQX Equinox Gold | 1.9% | not covered | ||
| EVN.AX Evolution Mining | 1.5% | not covered | ||
| EDV.L Endeavour Mining | 1.3% | not covered | ||
| IAG Iamgold | 1.2% | not covered | ||
| HL Hecla Mining | 1.2% | +4.58% | 3.2% above | medium |
| AG First Majestic Silver | 1.2% | not covered | ||
| 2259.HK Zijin Gold International | 1.1% | not covered | ||
| FRES.L Fresnillo | 1.1% | not covered | ||
| LUG.TO Lundin Gold | 1.1% | not covered | ||
| DPM.TO Dundee Precious Metals | 1.0% | not covered | ||
| GMIN.TO G Mining Ventures | 1.0% | not covered | ||
| BTG B2gold | 1.0% | not covered | ||
| OGC Oceanagold | 0.9% | not covered | ||
| BVN Cia De Minas Buenaventura Saa | 0.9% | not covered | ||
| HMY Harmony Gold Mining | 0.8% | not covered | ||
| EGO Eldorado Gold | 0.8% | not covered | ||
| SSRM Ssr Mining | 0.8% | not covered | ||
| DSV.TO Discovery Mining | 0.8% | not covered | ||
| PRU.AX Perseus Mining | 0.7% | not covered | ||
| OR Or Royalties | 0.7% | not covered | ||
| RMS.AX Ramelius Resources | 0.6% | not covered | ||
| AMMN.JK Amman Mineral Internasional Pt | 0.6% | not covered | ||
| ARTG.V Artemis Gold | 0.6% | not covered | ||
| 1818.HK Zhaojin Mining Industry | 0.6% | not covered | ||
| KNT.TO K92 Mining | 0.6% | not covered | ||
| MAU.TO Montage Gold | 0.6% | not covered | ||
| TXG.TO Torex Gold Resources | 0.6% | not covered | ||
| CMM.AX Capricorn Metals | 0.5% | not covered | ||
| CGAU Centerra Gold | 0.5% | not covered | ||
| GMD.AX Genesis Minerals | 0.5% | not covered | ||
| VAU.AX Vault Minerals | 0.5% | not covered | ||
| AUGO Aura Minerals | 0.5% | not covered | ||
| ARIS Aris Mining | 0.5% | not covered | ||
| AYA Aya Gold & Silver | 0.5% | not covered | ||
| WDO.TO Wesdome Gold Mines Ltd/Canada | 0.5% | not covered | ||
| SKE Skeena Resources | 0.5% | not covered | ||
| GGP.AX Greatland Resources | 0.4% | not covered | ||
| FSM Fortuna Silver Mines | 0.4% | not covered | ||
| RRL.AX Regis Resources | 0.4% | not covered | ||
| WGX.AX Westgold Resources | 0.4% | not covered | ||
| HOC.L Hochschild Mining | 0.3% | not covered | ||
| EXK Endeavour Silver | 0.3% | not covered | ||
| SA Seabridge Gold | 0.3% | not covered | ||
| BRMS.JK Bumi Resources Minerals Tbk Pt | 0.3% | not covered | ||
| SVM Silvercorp Metals | 0.3% | not covered |
The 15 largest holdings by weight; the button shows all 58. Holdings as of 21 Oct 2026; closes to 27 Oct 2026; the model's run of 24 Oct 2026. Green is a price below the model's fair value, red above it. Not covered: the model does not value it. Withheld: its own checks flag the valuation.
How GDX has moved
| Period | Price return |
|---|---|
| One day | +2.68% |
| One week | -3.38% |
| One month | -6.60% |
| This year | -3.01% |
| One month against the S&P 500 | -7.31% |
One week is seven calendar days, one month 28. Beta 2.17 over the past 60 sessions: the fund moves about 2.2 times as much as the market.
What GDX is
VanEck Gold Miners ETF holds gold miners.
| Expense ratio | 0.51% a year |
|---|---|
| Assets | $24.9 billion |
| Dividend yield | 0.76% ($0.63 paid over twelve months) |
| Holdings | 57 |
| Since | 2006 |
| Issuer | VanEck |
Sectors, share of the fund
| Basic Materials | 100.0% |
|---|