What is GDX and what does it track?

VanEck Gold Miners ETF (GDX) is an exchange-traded fund (ETF) providing diversified exposure to a basket of securities. ETFs trade on major stock exchanges like individual stocks, combining diversification with intraday flexibility.

How large is GDX in terms of assets under management?

GDX currently manages approximately $28.16B in assets. Larger funds typically benefit from higher liquidity and tighter bid-ask spreads, reducing trading costs.

Does GDX pay distributions or dividends?

GDX currently has a distribution yield of 0.34%. ETF distributions are typically paid monthly or quarterly and are passed through from income generated by the underlying holdings.

What are the costs of holding GDX?

GDX has an annual expense ratio (TER) of 0.51%. This fee is deducted directly from the fund's assets. Lower expense ratios are generally preferable, as costs compound over time. The portfolio turnover rate is 50%, reflecting how frequently holdings are replaced within a year.

What does the momentum analysis show for GDX?

The momentum analysis tracks the daily rate of change of GDX's smoothed price average. A consistently positive and rising value indicates the ETF's trend is gaining strength. A declining or negative value suggests the trend is weakening.

How often is the GDX data updated?

All data on this page is updated once per trading day after the US market closes, using official end-of-day prices.

GDX – VanEck Gold Miners ETF

ETF

Equity Precious Metals | Inception: 2006-05-16

Quick Stats

Trend Signal

$102.83

Last Close

Official EOD price – basis for all calculations

▲ Long

Swing Trend

Moving average structure confirms uptrend – bulls in control

+17.97%

Signal Edge

Moderate edge across 2 signals – signal performs above random, not exceptional

71.0

Trend Strength (ADX)

Strong trend – directional signals reliable

Options Signals

33%

IV-Rank (52w)

IV in normal range – no clear vol edge

92% / 8%

Call / Put Flow

Bullish positioning – call premium dominates options flow

Last Trendchange Signal

07.08.26

Date

Signal entry date

$89.89

Entry Price

Closing price at signal date

Days Held

Trading days since signal

+11.08%

+10d

Return after 10 trading days

–

+20d

Not yet reached

–

+30d

Not yet reached

–

+60d

Not yet reached

Trend Overview

Trend Intact – Bullish Setup Composite Score: +5 / 7

GDX is in a well-structured bull trend. All major signals are aligned: positive swing trend, rising momentum over 21 days, and trend strength confirmed by ADX at 71.0. This is the type of environment where trend-following strategies carry a structural edge.

What to watch

The trend is your friend here. As long as momentum strength continues to hold or rise, the path of least resistance remains higher. Manage the trade with a trailing stop rather than a fixed target.

Latest GDX Reports

Exchange Traded Funds - Signals GDX Signal Follow-Up Review – +11.06% in 10 Days

Aug 21, 2026

Exchange Traded Funds - Signals GDX Signal Follow-Up: -9.44% in 10 Days – Exit Rule Triggered

Apr 29, 2026

Exchange Traded Funds - Signals GDX Trade Setup: 14.57% Historical Edge with Clear Exit Rules

Apr 16, 2026

GDX Price Chart

Technical Trend Analysis

As of 21.08.2026 · Close: $102.83 · ATR14: $3.48

Trend Intact – Bullish Setup Composite Score: +5 / 7

What to watch

The trend is your friend here. As long as momentum strength continues to hold or rise, the path of least resistance remains higher. Manage the trade with a trailing stop rather than a fixed target.

Indicator	Signal	Detail
Swing Trend	▲ Long	Primary directional bias
Momentum	▲ Up · 21d	Strength: 2.05 – Rising
Trend Strength (ADX)	71.0 – Strong	ADX38: 34.0
Volatility (HV30)	51.1% – Calm	HV90: 53.0% \| HV180: 53.7%
Vola Compression	None	Normal range
MA Structure	Death Cross ✗	Stack: Partially aligned (1/3)
EMA21 Distance	4.25 ATR ↑	EMA21: $86.46
GD200 Extension	4.6 ATR – Normal	GD20: 5.7 \| GD50: 8.0 \| GD100: 5.8

🚀 Momentum Accelerating

Upward momentum active for 21 days and still gaining strength (current: 2.05). Trend is building, not fading.

💪 Trend Strength – ADX14: 71.0 (Strong)

A strong and well-defined trend. ADX38: 34.0. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 51.1% | HV90: 53.0% | HV180: 53.7%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

💀 Death Cross – Long-term Bearish

Death Cross in place. GD50 $80.42 below GD200 $88.54. Long-term structure remains bearish. MA stack: Partially aligned (1/3).

📈 EMA21 – Trend Accelerating

Price is pulling away from the EMA21 ($86.46) with 4.25 ATR distance and growing.

📐 Key Price Levels & ATR Distance

GD20: $85.83 (5.7 ATR) | GD50: $80.42 (8.0 ATR) | GD100: $85.55 (5.8 ATR) | GD200: $88.54 (4.6 ATR). ATR14: $3.48.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-14.66	2.21	-0.51	8.85	-0.05	4.30	-2.81	11.57	5.83	1.23	3.96	2.66	29.72
2011	-11.26	7.91	-1.16	4.07	-3.27	-4.36	5.86	9.49	-12.93	8.04	3.24	-14.48	-15.13
2012	4.93	-2.04	-11.36	-7.94	-5.71	-3.89	-4.30	13.47	12.38	-1.91	-8.59	0.83	-12.89
2013	-11.62	-11.40	2.00	-18.93	-0.49	-19.33	8.43	7.46	-11.93	2.80	-7.46	2.04	-54.72
2014	6.61	11.12	-10.23	1.74	-5.42	18.64	-1.27	1.87	-17.23	-19.58	2.55	-6.14	-15.99
2015	17.73	-5.21	-12.13	4.66	-3.43	-8.90	-20.45	6.32	0.48	11.61	-8.38	-2.26	-26.94
2016	0.85	32.29	7.55	28.35	-11.04	21.98	5.28	-17.59	0.04	-5.53	-17.08	1.54	48.87
2017	9.98	-4.21	-0.71	-4.19	4.63	-2.27	6.40	8.32	-7.36	-2.51	-0.05	4.17	7.68
2018	-0.32	-9.91	1.91	0.19	0.15	0.00	T -3.63	-12.11	2.76	2.04	T -2.43	T 9.08	-11.00
2019	7.78	-1.43	T 3.28	-4.90	5.20	T 13.65	7.80	7.23	-12.03	4.56	-3.31	T 8.52	40.07
2020	-1.24	T -8.20	-15.56	T 34.22	3.12	T 3.66	17.47	-0.63	T -6.03	-5.27	-10.24	0.68	23.36
2021	T -10.39	-12.73	T 5.17	T 2.25	10.50	-13.96	2.82	-6.27	-8.97	T 8.13	-0.17	5.73	-15.36
2022	-3.25	T 12.64	6.94	-11.39	-8.17	-14.39	-6.72	-9.18	4.58	T -3.51	22.99	-4.59	-4.08
2023	7.96	-15.97	T 15.08	1.51	-7.48	-5.94	T 2.35	-3.21	-7.49	T 7.77	11.42	-2.51	4.55
2024	-8.57	-9.20	T 15.70	3.43	5.94	-4.45	T 11.92	T 3.62	6.84	-0.27	-5.50	-7.93	10.96
2025	T 10.24	0.40	15.76	7.01	7.31	-3.18	T -0.77	20.44	17.90	-6.57	T 16.73	3.56	142.70
2026	9.88	22.99	-20.44	T -8.04	2.73	-12.96	-1.29	T 35.21					19.95

T A T badge marks a Trendchange signal in that month. Hover for entry price.

Trendchange Signal History

The last 10 Trendchange signals for GDX:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
07.08.26	$89.89	6d	+11.08%	+0%	+0%	+0%
15.04.26	$97.77	9d	-3.51%	-0.64%	-10.66%	+5.18%
26.11.25	$81.55	43d	+2.17%	+9.99%	+13.5%	+7.11%
22.07.25	$54.48	70d	+0.84%	+6.64%	+18.94%	+85.92%
21.01.25	$37.61	77d	+5.18%	+10.45%	+7.1%	+101.04%
16.08.24	$38.49	33d	+1.01%	+4.16%	+4.86%	+18.78%
10.07.24	$37.05	13d	+1.08%	+0.59%	+6.61%	+0%
07.03.24	$29.61	49d	+2.2%	+10.71%	+13.98%	+24.65%
13.10.23	$28.95	26d	-1.49%	+0.69%	+1.28%	+20.73%
13.07.23	$32.19	8d	-1.68%	-2.42%	-2.42%	-11.43%

Signal Statistics – Historical Edge

Calculated edge for GDX: 17.97%

Range	N	10d	20d	30d	60d	Signal
>20%	2	+26.33%	+30.45%	+35.1%	+62.65%	Hold
10-15%	1	+11.08%	+0%	+0%	+0%	Close
7-10%	2	+8.65%	+9.47%	+10.67%	+7.23%	Close
5-7%	5	+5.84%	+13.79%	+14.43%	+31.01%	Hold
3-5%	3	+3.84%	+6.28%	+8.81%	+12.93%	Hold
1-3%	7	+1.81%	+3.98%	+6.63%	+7.87%	Hold
0-1%	4	+0.6%	+2.59%	+4.97%	+26.13%	Hold
-1-0%	1	-0.24%	-0.33%	+0.14%	-3.47%	Neg
-3-1%	5	-1.95%	+0.1%	+0.92%	+0.83%	Neg
-5-3%	5	-3.52%	-2.36%	-4.36%	+0.02%	Neg
-7-5%	2	-5.88%	-5.88%	-5.88%	-3%	Neg
-10-7%	1	-7.46%	-9.38%	+0%	+0%	Neg

Exit Rules: Stoploss: -10% | Close if below 0% after 10 days

Signal data as of August 21, 2026

HIGH ALERT ● Neutral Strength: 17

Options Metrics

IV-Rank (52w)

33%

IV is in its normal historical range – no structural vol edge in either direction.

Call / Put Flow

92% / 8%

More than 60% of options premium is flowing into calls. This indicates net bullish positioning by market participants.

GEX (Mio.)

18,538,130.4

Positive GEX: market makers are long gamma. They buy dips and sell rallies, which suppresses volatility and keeps price in a range.

GEX Flip Strike

$74.50 · 27.6%

The GEX flip strike is the price level where dealer gamma exposure shifts from positive to negative. A break through this level often accelerates the move.

Max Pain

$95.00 · 7.6%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$102.83

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

GDX GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

View full options flow data and historical signals on the Options Flow Analysis Overview →

About VanEck Gold Miners ETF

The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is a modified capitalization weighted, float-adjusted index comprised of publicly traded companies primarily involved in the gold and silver mining industry. The fund is non-diversified.

Fund Overview

Metric	Value
Assets under Management	$28.16 B
Expense Ratio	0.51%
Dividend Yield	0.34%
Portfolio Turnover	50%
YTD Return	611.49%
3-Year Return	44.67%
5-Year Return	25.12%

Sector Allocation

Sector	Weight
Materials	18.2%
Information Technology	7.4%
Communication Services	2%

Top 10 Holdings

Symbol	Company	Weight
NEM	NEWMONT CORP	13.08%
AEM	AGNICO EAGLE MINES LTD	11.46%
B	BARRICK MINING CORP	7.37%
WPM	WHEATON PRECIOUS METALS CORP	7.1%
FNV	FRANCO-NEVADA CORP	5.74%
GFI	GOLD FIELDS LTD ADR	5.11%
AU	ANGLOGOLD ASHANTI PLC	4.59%
KGC	KINROSS GOLD CORP	4.15%
PAAS	PAN AMERICAN SILVER CORP	2.28%
AGI	ALAMOS GOLD INC CLASS A	1.98%

Frequently Asked Questions – VanEck Gold Miners ETF (GDX)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.