VanEck Gold Miners ETF
The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned +19.9% so far this year. At 0.51% a year it is not the cheapest way in — VAW runs the same ground at 0.10%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +14.3% |
| 1 month | +37.1% |
| 3 months | +20.9% |
| 6 months | +0.3% |
| YTD | +19.9% |
| 1 year | +70.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat GDX on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| GLD SPDR Gold Shares | 0.40% | $146B | +$4.4B | -11bp on fee · 3× the assets · +$4.4B in over the month | Head-to-head |
| RING iShares MSCI Global Gold Miners ETF | 0.39% | $2.4B | −$386M | -12bp on fee | Head-to-head |
| SLVP iShares MSCI Global Silver and Metals Miners ETF | 0.39% | $978M | −$10M | -12bp on fee | Head-to-head |
| SLV iShares Silver Trust | 0.50% | $38.5B | — | -1bp on fee | Head-to-head |