GDX
VanEck Gold Miners ETF
📎 Investment Objective
The GDX - VanEck Gold Miners ETF seeks to track the performance of companies involved in the gold mining industry.
Overview
ETF tracking VanEck Gold Miners ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The GDX - VanEck Gold Miners ETF seeks to track the performance of companies involved in the gold mining industry.
🎯 Investment Strategy
The ETF invests in a portfolio of publicly traded companies that are primarily engaged in the mining for gold and silver. The fund aims to provide exposure to the overall performance of the global gold mining industry.
✨ Key Features
- Provides exposure to a diversified basket of gold mining companies
- Tracks the NYSE Arca Gold Miners Index, a market capitalization-weighted index of global gold mining companies
- Low expense ratio of 0.00%
- Suitable for investors seeking exposure to the gold mining sector
⚠️ Primary Risks
- Concentration risk as the fund is focused on the gold mining industry
- Commodity price risk as gold prices can be volatile and impact mining company profitability
- Currency risk as many gold mining companies operate globally
- Regulatory and political risks facing the mining industry in different countries
👤 Best For
The GDX ETF may be suitable for investors seeking exposure to the gold mining sector as part of a diversified portfolio. It could be of interest to investors with a higher risk tolerance who believe in the long-term prospects of the gold mining industry.
Similar ETFs in Materials
View all Materials ETFs →VanEck Junior Gold Miners ETF
$97.44
Materials Select Sector SPDR Fund
$86.77
Global X Copper Miners ETF (NEW)
$61.15
Vanguard Materials ETF
$195.80
State Street SPDR S&P Metals & Mining ETF
$91.84
Global X Lithium & Battery Tech ETF
$63.77