ETF Analysis
VanEck Gold Miners ETF (GDX) ETF Analysis
VanEck Gold Miners ETF (GDX) ETF analysis covering performance, holdings context, risk, drawdowns, volatility, momentum, dividends, valuation exposure, and the current AlgovestIQ assessment.
VanEck Gold Miners ETF (GDX) currently has an AIQ Score of 56/100, indicating a neutral setup. Quality is the strongest factor at 72/100. Momentum is the weakest current factor at 42/100. Performance, momentum, risk, distribution, and exposure evidence should be read together at the latest market-close snapshot.
GDX at a Glance
Crawlable current metrics from the latest market-close ETF snapshot.
| Metric | Current |
|---|---|
| Price | $86.72 |
| AIQ Score | 56/100 |
| Overall View | Neutral |
| Technical Analysis Consensus | Strong Sell |
| Fund Size | $26.35B |
| Expense Ratio | 0.51% |
| Holdings Count | 66 |
| NAV | $86.63 |
| Asset Class | Gold |
| Primary Exposure | Basic Materials (100.00%) |
| Issuer | VanEck |
| Domicile | US |
| Inception Date | May 16, 2006 |
| Distribution Yield | 0.73% |
| Beta | 0.81 |
| Average Volume | 22.3M |
| 52-week range | $68.20-$117.18 |
| RSI 14 | 49.95 |
| 50-Day SMA | $93.21 |
| 200-Day SMA | $91.05 |
| Risk Score | 47/100 |
| Momentum Score | 42/100 |
| Value Exposure Score | — |
GDX Long-Horizon ETF Performance
Trailing returns, growth of $10,000, drawdown history, and calendar-year returns from available daily closes.
| Period | Total return | Annualized | Max drawdown | Start date |
|---|---|---|---|---|
| 1Y | 7.14% | 7.15% | -38.93% | Oct 20, 2025 |
| 3Y | 192.06% | 42.93% | -38.93% | Oct 20, 2023 |
| 5Y | 157.40% | 20.88% | -46.51% | Oct 25, 2021 |
| 10Y | 157.40% | 20.88% | -46.51% | Oct 25, 2021 |
Growth of $10,000
Indexed to the first available close in this history window.
Drawdown History
Peak-to-trough decline from each prior high over the available window.
Calendar-Year Returns
Full-year returns where available, with the current calendar year shown as YTD.
GDXVanEck Gold Miners ETF
Financial Services / Asset Management
Low Priority
Above Peers
Latest quote
- Momentum42
- Value—
- Quality72
- Risk resilience47
- Sentiment—
GDX ETF Analysis Summary
VanEck Gold Miners ETF (GDX) currently has an AIQ Score of 56/100, indicating a neutral setup. Quality is the strongest factor at 72/100. Momentum is the weakest current factor at 42/100. Performance, exposure, distribution, momentum, and risk evidence should be read together at the latest market-close snapshot.
In a neutral regime, GDX has AIQ Score of 56/100 with Quality base of 72/100 and fading Momentum at 42/100. Wait for component alignment before adding exposure.
Quality (72/100) leads while Momentum (42/100) lags. This cross-factor spread creates entry timing uncertainty.
Financial Services · 0.72% ETF move · GDX classified in Asset Management.
Current Evidence
AlgovestIQ Evidence Summary
Current consensus, supporting evidence, recent changes, and what would strengthen or weaken the view.
Is GDX Bullish or Bearish Right Now?
GDX currently has a neutral overall setup. Quality is the strongest factor at 72/100, while Momentum is weakest at 42/100. The current evidence suggests a mixed rather than strongly bullish or bearish setup.
- - Quality is supportive at 72/100.
- - Momentum is weak at 42/100.
- - Price is -4.76% below its 200-day SMA.
- - Technical consensus has more sell votes than buy votes (30 vs 7).
Current Consensus
GDX's Technical Analysis Consensus is currently Strong Sell, with 7 buy, 8 neutral, and 30 sell votes. GDX's 14-day RSI is 49.95, which places the ETF in a neutral momentum range. GDX's beta is 0.81, indicating market sensitivity broadly in line with the market.
What Changed in GDX?
The largest recent change in GDX is Momentum moving up by 18.0 points over the available 7-day comparison window. Quality remains the strongest visible factor.
What Would Change the GDX Outlook?
The current neutral outlook could improve if AIQ moves above 70, momentum recovers, risk resilience improves, and price confirms a stronger trend above the 50-day and 200-day moving averages. It would weaken if AIQ falls below 40, price loses long-term moving-average support, distribution or liquidity context deteriorates, or risk evidence worsens.
AIQ > 70, RSI above 55, price above SMA-50/SMA-200, and positive market-context evidence.
AIQ below 40, RSI below 45, loss of SMA-200, negative revisions, or rising volatility and drawdown risk.
GDX Decision Framework
Public evidence layers, setup checks, and risk context for VanEck Gold Miners ETF.
VanEck Gold Miners ETF (GDX) ETF Analysis
VanEck Gold Miners ETF has an AIQ Score of 56/100 in a Neutral regime. Quality is strongest at 72/100. Beta is 0.81, below market sensitivity. Review the supporting etf factors together before drawing a conclusion from any single score.
| Evidence Layer | Public Evidence |
|---|---|
| Regime Context | GDX is in a Neutral AIQ regime with score 56/100. |
| Signal Conflict | The primary conflict is that quality leads at 72/100 while momentum lags at 42/100. |
| Factor Evidence | Momentum 42/100 · Quality 72/100 · Risk 47/100 |
| Persistence | Current snapshot evidence is shown; historical persistence remains in AIQ Pro. |
Current Setup Checklist
Quality is the strongest factor at 72/100.
Momentum is 42/100 and RSI (14) is 50.0.
GDX is in a Neutral regime at 56/100.
Risk factor is 47/100 with beta 0.81 and annual volatility 50.6%.
Current conflict: quality leads at 72/100 while momentum lags at 42/100.
GDX Research Cluster
ETF-specific paths for performance, risk, distributions, market context, data, comparisons, and news.
GDX ETF Analytics
GDX holdings context, yield, risk, valuation exposure, momentum, and AIQ evidence.
GDX Technical Analysis
GDX technical setup based on RSI, MACD, moving averages, AIQ Momentum, volume, trend, volatility, and pivots.
GDX ETF Market Context
Track GDX market context, news pressure, trend changes, income events, and current allocation evidence.
GDX Distribution Analysis
GDX distribution yield, annualized distributions, payment history, and income context.
GDX ETF Data
GDX available fund data, market metrics, technical readings, risk measures, and AIQ evidence.
GDX Risk Analysis
GDX volatility, beta, drawdown, Sharpe ratio, VaR, and downside resilience.
GDX ETF News
GDX ETF news, market tone, recent headlines, and catalyst context.
GDX vs Commodities Peers
Current peer cohort: GDX · GDXJ · GLD · GLDM · IAU. Compare AIQ, factor scores, Sharpe ratio and 1-year volatility in one indexable view.
| Peer | AIQ | Value | Momentum | Risk | Sharpe | 1Y Volatility | Compare |
|---|---|---|---|---|---|---|---|
| GDX Current ETF | 56/100 | — | 42/100 | 47/100 | 0.33 | 50.60% | Current |
| GDXJ VanEck Junior Gold Miners ETF | 53/100 | — | 35/100 | 44/100 | 0.25 | 55.91% | GDX vs GDXJ |
| GLD SPDR Gold Shares | 57/100 | — | 39/100 | 58/100 | -0.2 | 29.17% | GDX vs GLD |
| GLDM SPDR Gold MiniShares | 57/100 | — | 38/100 | 57/100 | -0.19 | 29.00% | GDX vs GLDM |
| IAU iShares Gold Trust | 57/100 | — | 38/100 | 57/100 | -0.2 | 28.98% | GDX vs IAU |
Peer cohort is resolved dynamically from the AlgovestIQ universe taxonomy and Compare relationship graph. Data as of Oct 21, 2026.
About the AIQ Score
Methodology for the current ETF evidence.
The AlgovestIQ AIQ Score combines multiple dimensions of ETF evidence, including momentum, valuation exposure, quality, risk resilience, sentiment context, and timing signals. It is a descriptive research score, not a guarantee of future performance or a personalized recommendation.
View AIQ methodologyFactor Diagnostics
A compact bridge from the AIQ score to the evidence tabs.
Valuation exposure across the fund's holdings.
Quality context inferred from fund exposure and available evidence.
Trend, momentum, volume, and timing confirmation.
Resilience, volatility, beta, drawdown, and tail risk.
News and event pressure around the setup.
Open the return calculator with ETF context while purchase price, shares, dates and fees remain user inputs.
AIQ Component Profile
Compare the five component scores on one consistent 0–100 scale.
Review earnings timing, revisions, news pressure, and prior event reactions in one place.
Open catalystsNo quarterly financial rows in this snapshot.
Checked Oct 22, 2026
Explore factor drivers, conflicts, persistence, and scenario sensitivity in the advanced workspace.
ETF Analytics Snapshot
Current ETF evidence uses fund profile, cost, size, distribution, momentum, and risk fields.
ETF pages use fund-native profile fields for cost, size, liquidity, holdings breadth, NAV, issuer, and launch date.
Market Confirmation
Technicals are summarized first, with the indicator library behind it.
Risk Alignment
Higher resilience is stronger; exposure metrics stay separate.
Continue Researching GDX
Open the detailed evidence pages and workflows behind the stock overview read.
Premium Feature
Full AIQ Analysis
AIQ Intelligence
AIQ Pro for GDX
Scenario Analysis
AIQ Scenario Builder
Portfolio Implication
Related Links
GDX ETF FAQ
What is GDX ETF price today?
GDX is currently shown at $86.72. Use the live quote with the 52-week range and AIQ context before comparing funds.
What is GDX's 52-week high and low?
GDX's 52-week range is $68.20 to $117.18 based on the latest completed market-close snapshot from Oct 21, 2026. A price near either extreme should be evaluated with volatility and trend evidence.
Does GDX pay a dividend?
GDX's current distribution yield is 0.73% based on the latest completed market-close snapshot from Oct 21, 2026. For ETFs, dividend yield should be compared with expense ratio, holdings, and risk.
What should investors compare before buying GDX?
Compare GDX's price trend, expense profile, yield, holdings exposure, volatility, and AIQ signal. ETF decisions should focus on portfolio fit as much as current momentum.