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The VanEck Gold Miners ETF (GDX) aims to closely track the total return of the MarketVector Global Gold Miners Index (MVGDXTR), mirroring both its price changes and any income generated. This objective is pursued prior to the deduction of any fees or operational expenses. The MVGDXTR index itself serves as a benchmark for the collective performance of companies engaged in the worldwide gold mining industry.
Is GDX's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
B. Riley Wealth Advisors Inc. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,099 shares of the exchange traded fund's stock, valued at approximately $623,000. A number of other
iShares MSCI Global Silver and Metals Miners ETF offers a lower expense ratio and a higher dividend yield than VanEck Gold Miners ETF. VanEck Gold Miners ETF is a significantly larger fund with over $26.8 billion in assets under management focusing on gold miners.
I maintain a Strong Buy on gold, expecting it to outperform its last cycle's 210% gain as it reasserts its role as a global reserve asset. Gold's bullish thesis is underpinned by accelerating M2 money supply, persistent US deficit spending, and the likelihood of an 'inflate-away-the-debt' policy. International trust erosion in the US dollar, surging US trade deficits, and global central bank gold accumulation—especially by China—further support XAU's upside.
I reaffirm my bullish stance on VanEck Gold Miners ETF, maintaining a buy rating due to strong structural and technical drivers; the fundamental thesis is not changed from July. GDX and Sprott Gold Miners ETF are fundamentally similar; SGDM's factor screen offers marginal differences, but not enough to warrant switching despite a strong case being made. Sprott's screen shifts weight from larger firms to mid-tier miners; it picks miners with stronger cash flows, but royalty firms with weaker flows make up more of SGDM.
The abrdn Physical Silver Shares ETF provides direct exposure to the silver spot price, whereas the VanEck Gold Miners ETF invests in mining company equities. VanEck Gold Miners ETF provides a dividend yield and equity diversification, while the silver fund offers no income and higher historical volatility.