Vaneck Gold Miners Etf Profile
GDX Etf | USD 33.05 0.52 1.60% |
Performance10 of 100
| Odds Of DistressLess than 9
|
VanEck Gold is trading at 33.05 as of the 24th of April 2024; that is 1.60 percent increase since the beginning of the trading day. The etf's open price was 32.53. VanEck Gold has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during 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 25th of March 2024 and ending today, the 24th of April 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
0.94 | SIL | Global X Silver | PairCorr |
0.99 | SILJ | ETFMG Prime Junior | PairCorr |
0.97 | SGDM | Sprott Gold Miners | PairCorr |
0.98 | SGDJ | Sprott Junior Gold | PairCorr |
0.97 | GOAU | US Global GO | PairCorr |
0.98 | GOEX | Global X Gold | PairCorr |
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 Name | General Dynamics Corp. |
Business Concentration | Australia All Ordinaries, Sector ETFs, Materials ETFs, Equity Precious Metals, VanEck (View all Sectors) |
Issuer | Van Eck |
Inception Date | 2006-05-16 |
Benchmark | NYSE Arca Gold Miners Index |
Entity Type | Regulated Investment Company |
Asset Under Management | 13.96 Billion |
Average Trading Valume | 29.8 Million |
Asset Type | Equity |
Category | Sector |
Focus | Materials |
Market Concentration | Blended Development |
Region | Global |
Administrator | Van Eck Associates Corporation |
Advisor | Van Eck Associates Corporation |
Custodian | State Street Bank and Trust Company |
Distributor | Van Eck Securities Corporation |
Portfolio Manager | Hao-Hung Peter Liao, Guo Hua Jason Jin |
Transfer Agent | State Street Bank and Trust Company |
Fiscal Year End | 31-Dec |
Exchange | NYSE Arca, Inc. |
Number of Constituents | 59.0 |
Market Maker | Virtu Financial |
Total Expense | 0.51 |
Management Fee | 0.5 |
Country Name | USA |
Returns Y T D | 9.87 |
Name | VanEck Gold Miners ETF |
Currency Code | USD |
In Threey Volatility | 34.1 |
1y Volatility | 31.23 |
200 Day M A | 29.3947 |
50 Day M A | 29.9754 |
Code | GDX |
Updated At | 23rd of April 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | 0.1 |
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 Sector ETFs. VanEck Gold Miners currently have 9.35 B in assets under management (AUM). , while the total return for the last year was 1.6%.
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
ELD | Eldorado Gold Corp | Stock | Materials |
GMD | Genesis Minerals | Stock | Materials |
NST | Northern Star Resources | Stock | Materials |
OGC | OceanaGold | Stock | Materials |
RED | Red 5 | Stock | Materials |
RGLD | Royal Gold | Stock | Materials |
MAG | MAG Silver Corp | Stock | Materials |
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 8.79%. 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 VanEck Gold has a beta of 0.0599. This usually indicates as returns on the market go up, VanEck Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding VanEck Gold Miners will be expected to be much smaller as well. Additionally, vanEck Gold Miners has an alpha of 0.2494, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of VanEck Gold to move above the current price in 90 days from now is about 8.79 (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
FHLSX | Fidelity Health Savings | Mutual Fund | Allocation--30% to 50% Equity |
MFADX | Marketfield Fund Marketfield | Mutual Fund | Long-Short Equity |
FFTG | FFTG | Etf | Tactical Allocation |
MMDCX | Madison Moderate Allocation | Mutual Fund | Allocation--50% to 70% Equity |
RAAX | VanEck Inflation Allocation | Etf | Moderate Allocation |
MFCDX | Marketfield Fund Marketfield | Mutual Fund | Long-Short Equity |
FHLKX | Fidelity Health Savings | Mutual Fund | Allocation--30% to 50% Equity |
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.
Risk Adjusted Performance | 0.0881 | |||
Jensen Alpha | 0.2494 | |||
Total Risk Alpha | (0) | |||
Sortino Ratio | 0.0898 |
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.Did you try this?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
All Next | Launch Module |
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.