---
ticker: "GDX"
name: "VanEck Gold Miners ETF"
url: "https://etf.net/etf/GDX"
grade: "B"
score: 65
graded_at: "2026-10-12"
category: "Precious Metals Miners"
category_rank: "3 of 18"
methodology: "https://etf.net/methodology"
---

# GDX: VanEck Gold Miners ETF

Grade **B**, Score 65 of 100. Rank 3 of 18 in Precious Metals Miners.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 50 | 9 of 18 |
| Mission | Not scored | — |
| Risk | 62 | 7 of 17 |
| Tradability | 95 | 1 of 18 |
| Holdings | 60 | 9 of 18 |
| Durability | 88 | 1 of 18 |

## Top holdings

The fund holds 63 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | AEM | Agnico Eagle Mines Ltd | 11.18% |
| 2 | NEM | Newmont Corp | 11.16% |
| 3 | B | Barrick Mining Corp | 7.89% |
| 4 | WPM | Wheaton Precious Metals Corp | 5.66% |
| 5 | FNV | Franco-Nevada Corp | 5.16% |
| 6 | AU | Anglogold Ashanti Plc | 4.85% |
| 7 | GFI | Gold Fields Ltd | 3.81% |
| 8 | KGC | Kinross Gold Corp | 3.74% |
| 9 | NST.AX | Northern Star Resources Ltd | 2.85% |
| 10 | PAAS | Pan American Silver Corp | 2.70% |
| 11 | CDE | Coeur Mining Inc | 2.04% |
| 12 | RGLD | Royal Gold Inc | 1.97% |
| 13 | AGI | Alamos Gold Inc | 1.87% |
| 14 | EQX | Equinox Gold Corp | 1.86% |
| 15 | EVN.AX | Evolution Mining Ltd | 1.57% |
| 16 | PE&OLES.MX | Industrias Penoles Sab De Cv | 1.45% |
| 17 | HL | Hecla Mining Co | 1.29% |
| 18 | IAG | Iamgold Corp | 1.28% |
| 19 | AG | First Majestic Silver Corp | 1.23% |
| 20 | EDV.L | Endeavour Mining Plc | 1.22% |
| 21 | 2259.HK | Zijin Gold International Co Ltd | 1.18% |
| 22 | LUG.TO | Lundin Gold Inc | 1.07% |
| 23 | FRES.L | Fresnillo Plc | 1.05% |
| 24 | GMIN.TO | G Mining Ventures Corp | 1.04% |
| 25 | DPM.TO | Dundee Precious Metals Inc | 0.97% |
| 26 | BTG | B2gold Corp | 0.95% |
| 27 | SSRM | Ssr Mining Inc | 0.89% |
| 28 | BVN | Cia De Minas Buenaventura Saa | 0.89% |
| 29 | OGC | Oceanagold Corp | 0.87% |
| 30 | EGO | Eldorado Gold Corp | 0.86% |

Source: etf.net, https://etf.net/etf/GDX. Please cite the page URL.