GDXvsSGDMETF Comparison
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VanEck Gold Miners ETF (GDX) and Sprott Gold Miners ETF (SGDM) belong to the same industry segment: Uncategorized Equities. GDX's top 1 sector exposures are Non-Energy Materials. In contrast, SGDM's top sector exposures are Non-Energy Materials and Non-Corporate. GDX is more expensive with a Total Expense Ratio (TER) of 0.51%, versus 0.5% for SGDM. GDX is down -6.82% year-to-date (YTD) with +$752M in YTD flows. SGDM performs better with -2.7% YTD performance, and -$48M in YTD flows. Run a side-by-side ETF comparison of GDX and SGDM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GDX vs SGDM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GDX SGDM | -14.50%-13.92% | +6.63%+8.97% | -6.82%-2.70% | +9.13%+13.76% | +183.29%+184.10% | +156.86%+154.78% |
| Flows | GDX SGDM | +$932M-$10M | +$57M-$8M | +$752M-$48M | +$901M-$52M | -$3.27B-$21M | -$3.96B+$2M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GDX SGDM | +44.21%+47.32% | +47.64%+48.81% | +37.81%+39.21% | +35.67%+37.29% |
| Max drawdown | GDX SGDM | -24.17%-22.97% | -38.82%-38.35% | -38.82%-38.35% | -46.13%-44.77% |
| Max drawdown duration | GDX SGDM | 59d59d | 236d236d | 236d236d | 855d918d |
Trading data
GDX | SGDM | |
Last sale 10/26/2026 at 1:30 PM | $81.02 | $67.99 |
| Previous close 10/23/2026 | $80.20 | $67.38 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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GDX | SGDM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
GDX | SGDM | |
|---|---|---|
| Last price | $81.02 | $67.99 |
| 1D performance | +1.02% | +0.91% |
| AuM | $24.68 B | $592.11 M |
| E/R | 0.51% | 0.5% |
Characteristics
GDX | SGDM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Sprott ETFs |
| Benchmark | MarketVector Global Gold Miners Index | Solactive Gold Miners Custom Factors Index |
| N° of holdings | 59 | 49 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 16, 2006 | July 15, 2014 |
| ESG | No | No |
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Exposure
Countries
GDX
Canada
55.76%
USA
22.92%
Australia
8.5%
Other
12.82%
SGDM
Canada
75.98%
USA
17.06%
Other
6.96%
Sectors
GDX
Non-Energy Materi.
100%
Other
-0%
SGDM
Non-Energy Materi.
99.96%
Other
0.04%
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Diversification
GDX
Total weight of top 15 holdings out of 15
67.58%
SGDM
Total weight of top 15 holdings out of 15
70.32%
Top 15 holdings
Data as of August 31, 2026
GDX
Newmont Corp.
10.72%
Agnico Eagle Mines Ltd.
10.66%
Barrick Mining Corp.
7.42%
Wheaton Precious Metals Corp.
5.75%
Anglogold Ashanti Plc
5.30%
Franco-Nevada Corp.
4.69%
Kinross Gold Corp.
4.37%
Gold Fields Ltd.
4.18%
Pan American Silver Corp.
2.64%
Northern Star Resources Ltd.
2.56%
Coeur Mining, Inc.
2.31%
Royal Gold, Inc.
1.93%
Alamos Gold, Inc.
1.72%
Equinox Gold Corp.
1.68%
Evolution Mining Ltd.
1.64%
SGDM
Agnico Eagle Mines Ltd.
9.38%
Newmont Corp.
7.38%
Barrick Mining Corp.
7.31%
Wheaton Precious Metals Corp.
7.11%
Franco-Nevada Corp.
5.69%
Kinross Gold Corp.
4.62%
Coeur Mining, Inc.
3.72%
Lundin Gold, Inc.
3.42%
Discovery Mining Ltd.
3.34%
DPM Metals, Inc.
3.16%
IAMGOLD Corp.
3.13%
Endeavour Mining Plc
3.11%
Harmony Gold Mining Co. Ltd.
3.04%
SSR Mining, Inc.
2.98%
Centerra Gold, Inc.
2.91%
Frequently asked questions about GDX and SGDM
How have the GDX and SGDM ETFs performed in 2026?
As of October 23, 2026, GDX is down -6.82% year-to-date (YTD), while SGDM has lost -2.7%. That puts SGDM better performer ahead so far this year.
Which ETF is attracting more investor money: GDX or SGDM?
Year-to-date, the GDX ETF saw +$752M in flows, compared to -$48M for SGDM.
Which ETF is more volatile: GDX or SGDM?
Over the past year, GDX had a volatility of 47.64%, while SGDM experienced 48.81%.
Which ETF is bigger: GDX or SGDM?
As of October 23, 2026, GDX holds $24.68 B in assets under management (AUM), while SGDM manages $592.11 M.
What sectors do the GDX and SGDM ETFs invest in?
GDX leans toward sectors like Non-Energy Materials. Meanwhile, SGDM focuses on Non-Energy Materials.
What are the top holdings of the GDX ETF and SGDM ETF?
GDX top holdings include Newmont Corp., Agnico Eagle Mines Ltd. and Barrick Mining Corp.. SGDM holds in its top three: Agnico Eagle Mines Ltd., Newmont Corp. and Barrick Mining Corp..
Which ETF is more diversified: GDX or SGDM?
GDX holds 59 securities with 67.58% of its assets in the top 15. SGDM has 49 securities and a top 15 weight of 70.32%.
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