PortfolioMetrics

GDX

- VanEck Gold Miners ETF

Key Information

Earliest date2006-05-22
ExchangeNYSE
Instrument TypeETF
MIC CodeARCX
CountryUnited States

ETF Information

Fund ProviderVanEck
IndexNYSE Arca Gold Miners
Expense Ratio0.51%
Number Of Holdings55
Inception Date2006-05-16
Asset ClassEquity
ListingUS-listed
SectorMaterials
Investment StyleBlend
Non-leveragedNon-leveraged

About GDX

The VanEck Gold Miners ETF provides exposure to a diversified portfolio of gold mining companies, offering a way to invest in gold through the equity market. The fund tracks the performance of gold miners, which tend to be correlated with gold prices, but can also be influenced by company-specific factors. By investing in gold miners, investors can potentially benefit from dividend payments and earnings reports, which can make valuation more straightforward. The fund's market capitalization-weighted approach provides a broad exposure to the gold mining sector.