Jump to any asset
849 assets, updated daily
As of September 16, 2026, VanEck Gold Miners ETF (GDX) trades at $94.13. RSI at 32 is in neutral territory, and the price is above its 50-day average of $86.79.
VanEck Gold Miners ETF (GDX)
VanEck Gold Miners ETF NYSE
$94.13
-0.0100 (-0.01%)
At close: Sep 15, 4:00 PM EDT
AI Analyst Consensus
35 / 100
VanEck Gold Miners ETF (GDX) provides targeted exposure to companies in the gold mining industry, tracking a benchmark of gold and silver miners. The fund's strategy aims to reflect the economics of gold mining operations, offering investors a way to participate in the precious metals equity market. GDX is currently trading below its 20-day exponential moving average, indicating short-term weakness, though it remains above its 50-day and 200-day moving averages ($86.79 and $90.49), suggesting a longer-term bullish trend. Recent price action shows GDX trading at $94.13, below its 20-day EMA of $95.99. The fund's year-to-date return stands at 14.68%, significantly outperforming its category's YTD return of 4.19%. However, its 1-year return of 57.84% lags the category's 96.46% return, highlighting recent sector underperformance relative to peers.
GDX Price Analysis
Market Metrics
Open
$94.62
Day Range
$92.85 to $94.75
Prev Close
$94.14
Volume
13.89M
52-Week Range
$63.89 to $117.18
GDX Fund Facts
VanEck Gold Miners ETF is an exchange-traded fund that provides broad exposure to companies involved in the gold mining industry. The fund seeks to track the performance of a benchmark of publicly traded gold and silver miners, giving investors access to a diversified basket of mining equities rather than direct ownership of physical gold. Its portfolio typically includes established global producers, royalty and streaming companies, and other businesses tied to precious metals extraction and processing.
Issuer
VanEck
Category
Equity Precious Metals
Inception
May 16, 2006
Expense ratio
0.51%
Net assets
$30.54B
NAV
$99.37
Distribution yield
0.64%
YTD return
14.68%
Turnover
50.00%
Sector weights
Basic Materials
100.0%
Trailing returns vs category
| Period | GDX | Category |
|---|---|---|
| YTD | 14.68% | 4.19% |
| 1 month | 32.84% | -1.50% |
| 3 months | 10.58% | -6.15% |
| 1 year | 57.84% | 96.46% |
| 3 years | 51.61% | 41.64% |
| 5 years | 26.52% | 20.43% |
| 10 years | 15.62% | 13.17% |
Fund reference data as of Sep 16, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
GDX Analysis
AI Technical Analysis
At an RSI of 32.11, GDX is exhibiting bearish momentum, indicating a potential short-term downtrend. The ETF is trading below its 20-day EMA ($95.99) but remains above its 50-day SMA ($86.79) and 200-day SMA ($90.49), suggesting that the longer-term trend is still intact. The Stochastic indicator at 10.73 also points to oversold conditions. The price is currently trading above its 50-day and 200-day moving averages ($86.79 and $90.49), which act as support levels. The 20-day EMA is currently acting as resistance. Given the bearish RSI and Stochastic readings, a short-term pullback is possible, but the longer-term trend remains bullish as long as the price stays above the key moving averages.
ProTips
- Monitor gold prices closely, as they are the primary driver of GDX performance.
- Consider the fund's sector concentration risk and diversify if necessary.
- Evaluate the performance of GDX against its category and benchmark to gauge relative strength.
- Pay attention to the 50-day and 200-day SMAs as key support levels for the longer-term trend.
Market Outlook
The 6-12 month outlook for the VanEck Gold Miners ETF (GDX) is cautiously bearish in the short term, with potential for a longer-term recovery. The ETF is currently trading below its 20-day EMA and shows bearish momentum on its RSI, suggesting further downside may be possible. However, it remains above key support levels at its 50-day and 200-day SMAs, indicating that the overall trend has not yet turned negative. Factors that could shift this outlook include a significant increase in gold prices, positive developments in the operational efficiency of major gold miners, or a broader market rotation into commodity-linked assets. Conversely, a sustained drop in gold prices or increasing interest rates could further pressure GDX.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.32
Weak correlation
Nasdaq 100 (QQQ)
+0.34
Weak correlation
Bitcoin (BTC)
+0.20
Weak correlation
Gold (XAU)
+0.83
Strong correlation
Check Custom Correlation
How does any other asset move with GDX? One year of daily closes, Pearson correlation.
Try
Key Statistics
| Yield | 0.67% |
|---|---|
| Day High | $94.75 |
| Day Low | $92.85 |
| 52 Week High | 117.18 |
| 52 Week Low | 63.89 |
VanEck Gold Miners ETF (GDX) is heavily concentrated in the Basic Materials sector, with 100% of its assets allocated to stocks. This concentration exposes investors to the specific risks and opportunities within the gold mining industry. The underlying sector, Industrials, shows a median P/E ratio of 34 and a median Price-to-Sales ratio of 4, with a median Return on Equity of 17.8% and median revenue growth of 11.7% across 66 tracked stocks. The fund's expense ratio is 0.51%, costing $51.00 per $10,000 invested annually. With net assets totaling $30.54 billion, GDX is a substantial ETF. Its performance against its category has been mixed, with strong YTD and 10-year returns, but lagging 1-year returns compared to its peers.
Earnings & Growth Analysis
Its performance is intrinsically linked to the earnings trends of the gold mining companies it holds. The sector averages indicate a median P/E of 34 and revenue growth of 11.7%, suggesting that the underlying companies are generally profitable and growing. However, the specific earnings trends of top holdings would provide a clearer picture of the fund's earnings-driven potential. The median Return on Equity for the sector is 17.8%, indicating reasonable profitability among its constituents.
Key Risks
The primary risk for GDX is sector concentration, as 100% of its assets are in Basic Materials, specifically gold mining companies. This makes the fund highly susceptible to fluctuations in gold prices and the operational performance of miners. Additionally, the fund's recent underperformance relative to its category over the past year suggests potential headwinds or a rotation out of gold mining equities. Given the bearish RSI reading, there is a risk of further short-term price declines. The fund's high concentration also means that any negative news or operational issues affecting major gold producers could significantly impact GDX's value.
Technical Indicators
| RSI (14) | 32.11 |
|---|---|
| MACD | 2.10 |
| SMA 50 | 86.79 |
| SMA 200 | 90.49 |
RSI
Bearish
SMA Cross
Bearish
Price vs SMA
Bullish
MACD
Bullish
Moving averages show a lagging Death Cross (50-day: $86.79, 200-day: $90.49), price action is firmly bullish above key moving averages.
GDX Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Short entry pick an entry style
Conservative
$96.01
2% above current price
Lower risk, wait for rally
Aggressive
$94.13
Short at current price
Higher risk, chasing the move
Risk Management
STOP LOSS
$100.83
MAX LOSS
-5.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (32.1) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$91.21
-5% (Conservative)
-3.1% (Aggressive)
TARGET 2
$86.41
-10% (Conservative)
-8.2% (Aggressive)
TARGET 3
$81.61
-15% (Conservative)
-13.3% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
ETF Investment Disclaimer
This AI-generated analysis of GDX is for educational purposes only and does not constitute investment advice. ETFs are subject to market risk including possible loss of principal. Performance depends on the underlying index or assets tracked. Read the fund prospectus before investing. Past performance does not guarantee future results. Generated on September 16, 2026.Growth of $10,000
A $10,000 investment in GDX in September 2016 would be worth about $36,260 today, compared with about $35,497 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in GDX today could grow to about $26,807 by 2036 in the base case, with a bull case near $123,535 and a bear case around $5,817. Projections are statistical simulations, not guarantees.
GDX ETF Price Prediction: 2030
CleaRank's simulation projects a price near $140 for GDX by 2030 in the base case, from $94.13 today (1.5x over 4 years). The downside path ends near $53.13. These are outcomes of a Monte Carlo simulation run on GDX's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $64.08 | $104 | $168 |
| 2028 | $57.89 | $115 | $227 |
| 2029 | $54.80 | $127 | $292 |
| 2030 | $53.13 | $140 | $367 |
| 2031 | $52.32 | $154 | $454 |
| 2032 | $52.08 | $170 | $555 |
| 2033 | $52.28 | $188 | $674 |
| 2034 | $52.82 | $207 | $812 |
| 2035 | $53.66 | $229 | $974 |
| 2036 | $54.76 | $252 | $1,163 |
Method: 10,000 simulated price paths using GDX's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
People Also Watch
Frequently Asked Questions
What is the expense ratio for the VanEck Gold Miners ETF (GDX)?
The VanEck Gold Miners ETF (GDX) has an expense ratio of 0.51%, which translates to an annual cost of $51.00 for every $10,000 invested.
What companies does the VanEck Gold Miners ETF (GDX) hold?
The VanEck Gold Miners ETF (GDX) is heavily concentrated in the Basic Materials sector, holding stocks primarily involved in gold and silver mining. Its asset allocation is 100% in stocks, reflecting a focus on mining equities rather than physical precious metals.
What is the distribution yield for the VanEck Gold Miners ETF (GDX)?
The VanEck Gold Miners ETF (GDX) has a distribution yield of 0.64%.
How has the VanEck Gold Miners ETF (GDX) performed against its category recently?
GDX has shown strong year-to-date performance at 14.68%, outperforming its category's 4.19%. However, its 1-year return of 57.84% lags behind the category's 96.46% return.
What is the price prediction for GDX ETF in 2030?
Based on Monte Carlo simulations, the median price projection for GDX in 2030 is $139.65. The downside projection is $53.13, and the upside projection is $367.02. These figures represent statistical simulation outcomes, not price targets or guarantees.
What are the key risks associated with the VanEck Gold Miners ETF (GDX)?
The primary risks for GDX include significant sector concentration in gold mining, making it vulnerable to gold price volatility and operational issues. Additionally, its recent underperformance compared to its category suggests potential sector rotation or macroeconomic headwinds affecting gold miners.
What is the current technical momentum of the VanEck Gold Miners ETF (GDX)?
GDX is currently exhibiting bearish momentum, with an RSI at 32.1 and trading below its 20-day EMA. While longer-term indicators remain positive, short-term weakness is indicated.