Vaneck Gold Miners Etf Profile

GDX Etf  USD 30.96  1.11  3.72%   

Performance

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Odds Of Distress

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VanEck Gold is trading at 30.96 as of the 28th of March 2024; that is 3.72 percent up since the beginning of the trading day. The etf's open price was 29.85. VanEck Gold has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for VanEck Gold Miners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Vaneck Gold is traded on NYSEARCA Exchange in the United States. More on VanEck Gold Miners

Moving together with VanEck Etf

  0.93SIL Global X SilverPairCorr
  0.9SILJ ETFMG Prime JuniorPairCorr
  0.92SGDM Sprott Gold MinersPairCorr
  0.89SGDJ Sprott Junior GoldPairCorr
  0.96GOAU US Global GOPairCorr
  0.94GOEX Global X GoldPairCorr

Moving against VanEck Etf

  0.52HYIH DWSPairCorr

VanEck Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. VanEck Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Old NameGeneral Dynamics Corp.
Business ConcentrationAustralia All Ordinaries, Materials ETFs, Sector ETFs, Equity Precious Metals, VanEck (View all Sectors)
IssuerVan Eck
Inception Date2006-05-16
BenchmarkNYSE Arca Gold Miners Index
Entity TypeRegulated Investment Company
Asset Under Management12.72 Billion
Average Trading Valume26.99 Million
Asset TypeEquity
CategorySector
FocusMaterials
Market ConcentrationBlended Development
RegionGlobal
AdministratorVan Eck Associates Corporation
AdvisorVan Eck Associates Corporation
CustodianState Street Bank and Trust Company
DistributorVan Eck Securities Corporation
Portfolio ManagerHao-Hung Peter Liao, Guo Hua Jason Jin
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents59.0
Market MakerVirtu Financial
Total Expense0.51
Management Fee0.5
Country NameUSA
Returns Y T D(3.74)
NameVanEck Gold Miners ETF
Currency CodeUSD
Open FigiBBG000PLNQN7
In Threey Volatility32.2
1y Volatility30.37
200 Day M A29.1328
50 Day M A28.084
CodeGDX
Updated At27th of March 2024
Currency NameUS Dollar
VanEck Gold Miners [GDX] is traded in USA and was established 2006-05-16. The fund is classified under Equity Precious Metals category within VanEck family. The entity is thematically classified as Materials ETFs. VanEck Gold Miners currently have 9.35 B in assets under management (AUM). , while the total return for the last 3 years was -1.4%.
Check VanEck Gold Probability Of Bankruptcy

Geographic Allocation (%)

VanEck Gold Miners Currency Exposure

VanEck Gold Miners holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of VanEck Gold will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in VanEck Gold Miners.

Top VanEck Gold Miners Etf Constituents

ELDEldorado Gold CorpStockMaterials
GMDGenesis MineralsStockMaterials
NSTNorthern Star ResourcesStockMaterials
OGCOceanaGoldStockMaterials
RGLDRoyal GoldStockMaterials
MAGMAG Silver CorpStockMaterials
WAFWest African ResourcesStockMaterials
More Details

VanEck Gold Target Price Odds Analysis

Based on a normal probability distribution, the odds of VanEck Gold jumping above the current price in 90 days from now is about 7.35%. The VanEck Gold Miners probability density function shows the probability of VanEck Gold etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 2.1259. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, VanEck Gold will likely underperform. Additionally, vanEck Gold Miners has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 30.96HorizonTargetOdds Above 30.96
92.57%90 days
 30.96 
7.35%
Based on a normal probability distribution, the odds of VanEck Gold to move above the current price in 90 days from now is about 7.35 (This VanEck Gold Miners probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .

VanEck Gold Top Holders

FHLSXFidelity Health SavingsMutual FundAllocation--30% to 50% Equity
MFADXMarketfield Fund MarketfieldMutual FundLong-Short Equity
FFTGFFTGEtfTactical Allocation
MMDCXMadison Moderate AllocationMutual FundAllocation--50% to 70% Equity
RAAXVanEck Inflation AllocationEtfModerate Allocation
MFCDXMarketfield Fund MarketfieldMutual FundLong-Short Equity
FHLKXFidelity Health SavingsMutual FundAllocation--30% to 50% Equity
More Details

VanEck Gold Miners Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. VanEck Gold market risk premium is the additional return an investor will receive from holding VanEck Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although VanEck Gold's alpha and beta are two of the key measurements used to evaluate VanEck Gold's performance over the market, the standard measures of volatility play an important role as well.

VanEck Gold Against Markets

Picking the right benchmark for VanEck Gold etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in VanEck Gold etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for VanEck Gold is critical whether you are bullish or bearish towards VanEck Gold Miners at a given time. Please also check how VanEck Gold's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in VanEck Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy VanEck Etf?

Before investing in VanEck Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in VanEck Gold. To buy VanEck Gold etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase VanEck Gold etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located VanEck Gold Miners etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased VanEck Gold Miners etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as VanEck Gold Miners, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy VanEck Etf please use our How to Invest in VanEck Gold guide.

Already Invested in VanEck Gold Miners?

The danger of trading VanEck Gold Miners is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VanEck Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VanEck Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck Gold Miners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether VanEck Gold Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Gold Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Gold Miners Etf:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Gold Miners. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the VanEck Gold Miners information on this page should be used as a complementary analysis to other VanEck Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running VanEck Gold's price analysis, check to measure VanEck Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VanEck Gold is operating at the current time. Most of VanEck Gold's value examination focuses on studying past and present price action to predict the probability of VanEck Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Gold's price. Additionally, you may evaluate how the addition of VanEck Gold to your portfolios can decrease your overall portfolio volatility.
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The market value of VanEck Gold Miners is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Gold's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Gold's market value can be influenced by many factors that don't directly affect VanEck Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.