Is GDX a good investment?

VanEck Gold Miners ETF (GDX) is a commodities and metals ETF. As of September 11, 2026, ETF Copilot scores GDX 7.5 out of 10 — highest on Quality (9.7), lowest on Risk (0.3). Its ten largest holdings are 59% of the fund.

Updated September 11, 2026

How is GDX rated? ETF Copilot scores VanEck Gold Miners ETF (GDX) 7.5 out of 10

As of September 11, 2026, ETF Copilot scores VanEck Gold Miners ETF (GDX) 7.5 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 7.5 / 10
Growth: 7.6 / 10
Valuation: 9.4 / 10
Risk: 0.3 / 10
Quality: 9.7 / 10
Return: 9.3 / 10

What is GDX's expense ratio? 0.51% a year

As of September 11, 2026, GDX charges 0.51% a year, yields 1.04% and holds $29.9B in assets across 55 positions.

VanEck Gold Miners ETF (GDX) — cost, income and size
Measure	GDX
Expense ratio	0.51%
Dividend yield	1.04%
Assets under management	$29.9B
Holdings	55

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in GDX's data

Global gold and silver miners, weighted toward the largest producers.

Priced cheaper than its own history and the typical peer — you pay less for each dollar of earnings.

Trails at 15.5x earnings, below the category median of 17.5x and its own three-year median of 21.3x. Profitability is high, with a 63.7% EBITDA margin.

A focused play on the gold-mining sector — direct exposure to the metal's price swings, amplified by leveraged earnings.

Why did GDX move this week? It fell 4.3% in the week to September 11, 2026 — Barrick Mining and Anglogold Ashanti drove it

GDX fell 4.3% in the week to September 11, 2026. The holdings that moved it most were Barrick Mining (−4.5%), Anglogold Ashanti (−6.5%) and Kinross Gold (−7.8%); Amman Mineral Inte (+10.0%) pushed the other way.

What's inside GDX?

What's inside GDX: Size (Large 56%, Mid 36%, Small 8%); Geography (International 81%, US 20%); AI 0.3%.

What are GDX's top holdings? The ten largest are 59% of the fund

Newmont, Agnico Eagle Mines, Barrick Mining, Wheaton Precious Metals, Anglogold Ashanti, Franco-Nevada, Gold Fields, Kinross Gold, PAN American Silver and Northern Star Resources are GDX's largest holdings, in that order.

Less concentrated than 53% of Commodities & Metals ETFs.

Half of GDX's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 21 equally weighted holdings.

Cite this

ETF Copilot, “VanEck Gold Miners ETF (GDX) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/gdx