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SPDR Gold Shares tracks the price of physical gold bullion whereas VanEck Gold Miners ETF invests in the equity of mining companies VanEck Gold Miners ETF has a higher beta and a significantly deeper maximum drawdown over the last five years SPDR Gold Shares is the larger fund by assets under management and features a lower expense ratio than VanEck Gold Miners ETF
From America's founding to GDX's 20th anniversary, gold has remained a constant store of value, and VanEck has helped investors access it for nearly 60 years. Twenty years ago, the launch of our Gold Miners ETF (GDX) marked the start of VanEck's ETF business.
SPDR Gold Shares tracks the price of physical gold, whereas VanEck Gold Miners ETF invests in companies that extract the metal SPDR Gold Shares has a lower expense ratio and significantly lower price volatility compared to VanEck Gold Miners ETF VanEck Gold Miners ETF has delivered higher total returns over the past year but shows a much deeper historical drawdown
GDX delivered $2,339 on a $1,000 investment versus SLV's $2,196, despite facing lower volatility than its silver counterpart.
Gold miners just handed one of Wall Street's most punishing ETFs its best month in recent memory, and the reason has less to do with the metal itself than with a shift in the macro backdrop that caught a crowded trade completely off guard.
If you bought VanEck Gold Miners ETF (NYSEARCA:GDX) because you wanted leveraged exposure to a gold rally, the past decade delivered a quiet insult: a nearly identical fund charging less beat it, and physical gold beat it too.
The annual Rule Symposium in Boca Raton, a leading natural-resource investing conference, was held July 6 to July 10.
AAAU tracks bullion directly with lower fees, while GDX offers mining equity exposure with higher volatility and stronger 1-year returns.