ACWI vs GDX
Comparison between ISHARES MSCI ACWI ETF (ACWI, ETF) and VANECK GOLD MINERS ETF (GDX, ETF).
5-Year PerformanceGDX has outperformed ACWI, delivering a return of +22.0% compared to +11.0%
ACWI vs GDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ACWI
$28B
GDX
$28B
Expense Ratio
Winner
ACWI
0.32%
GDX
0.51%
Max Drawdown
Winner
ACWI
56.28%
GDX
81.28%
Sharpe Ratio
Winner
ACWI
2.01
GDX
1.59
5Y Beta
ACWI
0.90
Winner
GDX
0.69
P/E Ratio
ACWI
26.80
Winner
GDX
18.95
Forward P/E
ACWI
18.44
Winner
GDX
12.09
5Y Dividends CAGR
ACWI
7.78%
Winner
GDX
21.83%
5Y EPS CAGR
ACWI
20.80%
Winner
GDX
50.56%
Debt to Equity
ACWI
30.88%
Winner
GDX
15.12%
P/S Ratio
Winner
ACWI
2.99
GDX
5.75
P/B Ratio
ACWI
4.26
Winner
GDX
3.53
ACWI vs GDX - Holdings Comparison
ACWI and GDX have 7 common holdings. Overlap is -0.12%
ACWI's top 25 holdings weight is 31.06%. GDX's top 25 holdings weight is 85.50%.
| Rank | ACWI | GDX |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 4.30% | NEWMONT CORP (NEM) - 13.08% |
| #2 | MICROSOFT CORP (MSFT) - 4.19% | AGNICO EAGLE MINES LTD (AEM) - 11.46% |
| #3 | APPLE INC (AAPL) - 3.70% | BARRICK MINING CORP (B) - 7.37% |
| #4 | AMAZON.COM INC (AMZN) - 2.43% | WHEATON PRECIOUS METALS CORP (WPM) - 7.10% |
| #5 | META PLATFORMS INC CLASS A (META) - 1.87% | FRANCO-NEVADA CORP (FNV) - 5.74% |
| #6 | BROADCOM INC (AVGO) - 1.38% | GOLD FIELDS LTD ADR (GFI) - 5.11% |
| #7 | TESLA INC (TSLA) - 1.23% | ANGLOGOLD ASHANTI PLC (AU) - 4.59% |
| #8 | ALPHABET INC CLASS A (GOOGL) - 1.17% | KINROSS GOLD CORP (KGC) - 4.15% |
| #9 | n/a (n/a) - 1.03% | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 3.37% |
| #10 | ALPHABET INC CLASS C (GOOG) - 1.01% | NORTHERN STAR RESOURCES LTD (n/a) - 2.95% |
| #11 | JPMORGAN CHASE & CO (JPM) - 0.95% | PAN AMERICAN SILVER CORP (PAAS) - 2.28% |
| #12 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.80% | ALAMOS GOLD INC CLASS A (AGI) - 1.98% |
| #13 | ELI LILLY AND CO (LLY) - 0.76% | ROYAL GOLD INC (RGLD) - 1.87% |
| #14 | VISA INC CLASS A (V) - 0.72% | EVOLUTION MINING LTD (n/a) - 1.85% |
| #15 | NETFLIX INC (NFLX) - 0.65% | ZHAOJIN MINING INDUSTRY CO LTD CLASS H (n/a) - 1.61% |
| #16 | EXXON MOBIL CORP (XOM) - 0.59% | COEUR MINING INC (CDE) - 1.55% |
| #17 | MASTERCARD INC CLASS A (MA) - 0.54% | ENDEAVOUR MINING PLC (n/a) - 1.41% |
| #18 | COSTCO WHOLESALE CORP (COST) - 0.54% | HARMONY GOLD MINING CO LTD ADR (HMY) - 1.41% |
| #19 | WALMART INC (WMT) - 0.53% | n/a (EQX) - 1.19% |
| #20 | TENCENT HOLDINGS LTD (n/a) - 0.50% | HECLA MINING CO (HL) - 1.07% |
| #21 | PROCTER & GAMBLE CO (PG) - 0.46% | OR ROYALTIES INC (OR) - 0.98% |
| #22 | JOHNSON & JOHNSON (JNJ) - 0.44% | IAMGOLD CORP (IAG) - 0.94% |
| #23 | THE HOME DEPOT INC (HD) - 0.43% | B2GOLD CORP (BTG) - 0.85% |
| #24 | ORACLE CORP (ORCL) - 0.43% | ELDORADO GOLD CORP (EGO) - 0.83% |
| #25 | BANK OF AMERICA CORP (BAC) - 0.41% | NEW GOLD INC (NGD) - 0.76% |
| Total Holdings | 1945 | 65 |
ACWI vs GDX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ACWI
+7.44%
GDX
-3.66%
3M
Winner
ACWI
+5.41%
GDX
-8.07%
6M
ACWI
+12.33%
Winner
GDX
+31.29%
1Y
ACWI
+32.77%
Winner
GDX
+94.87%
5Y(CAGR)
ACWI
+11.02%
Winner
GDX
+22.05%
10Y(CAGR)
ACWI
+12.92%
Winner
GDX
+16.06%
Max(CAGR)
Winner
ACWI
+8.50%
GDX
+5.79%
ACWI vs GDX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | ACWI | GDX |
|---|---|---|
| 2026 | +9.05% | +10.33% |
| 2025 | +22.65% | +144.40% |
| 2024 | +18.47% | +12.26% |
| 2023 | +22.27% | +6.25% |
| 2022 | -18.80% | -6.71% |
| 2021 | +19.33% | -15.37% |
| 2020 | +15.14% | +23.37% |
| 2019 | +26.62% | +40.08% |
| 2018 | -10.03% | -11.01% |
| 2017 | +23.39% | +7.65% |
| 2016 | +10.36% | +48.90% |
| 2015 | -1.98% | -26.95% |
| 2014 | +5.31% | -15.99% |
| 2013 | +19.95% | -54.72% |
| 2012 | +14.58% | -12.89% |
| 2011 | -8.53% | -14.17% |
| 2010 | +10.50% | +29.70% |
| 2009 | +29.52% | +39.01% |
| 2008 | -34.87% | -31.19% |
| 2007 | N/A | +23.26% |
| 2006 | N/A | +7.43% |
ACWI vs GDX Drawdown Comparison
The maximum drawdown for ACWI was -56.00%, occurring on Mar 9, 2009. Recovery took 1186 trading sessions.
The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.
The current ACWI drawdown is -0.01%. The current GDX drawdown is -18.34%.
| Rank | ACWI | GDX |
|---|---|---|
| #1 | -56.00% May 16, 2008 - Feb 1, 2013 | -80.35% Sep 8, 2011 - Aug 8, 2025 |
| #2 | -33.53% Feb 12, 2020 - Aug 24, 2020 | -70.79% Mar 14, 2008 - Sep 22, 2010 |
| #3 | -26.41% Jan 3, 2022 - Jan 25, 2024 | -30.84% Feb 27, 2026 - Mar 20, 2026 |
| #4 | -19.49% Jan 26, 2018 - Jul 24, 2019 | -20.52% Sep 5, 2006 - Feb 26, 2007 |
| #5 | -19.44% May 21, 2015 - Jan 4, 2017 | -19.96% Jul 19, 2007 - Sep 18, 2007 |
| #6 | -16.55% Feb 18, 2025 - May 19, 2025 | -19.14% Oct 16, 2025 - Dec 11, 2025 |
| #7 | -9.73% Feb 25, 2026 - Apr 15, 2026 | -19.03% Apr 8, 2011 - Sep 2, 2011 |
| #8 | -9.19% Sep 5, 2014 - Feb 20, 2015 | -18.56% Nov 6, 2007 - Jan 3, 2008 |
| #9 | -8.88% May 21, 2013 - Sep 10, 2013 | -17.71% Jun 2, 2006 - Jul 3, 2006 |
| #10 | -8.10% Jul 16, 2024 - Aug 23, 2024 | -17.58% Jan 28, 2026 - Feb 26, 2026 |
| #11 | -7.51% Sep 2, 2020 - Nov 9, 2020 | -16.18% Dec 6, 2010 - Apr 8, 2011 |
| #12 | -6.66% Dec 31, 2013 - Feb 27, 2014 | -13.48% Apr 16, 2007 - Jul 19, 2007 |
| #13 | -6.53% Jul 24, 2019 - Oct 24, 2019 | -12.82% Feb 26, 2007 - Apr 16, 2007 |
| #14 | -5.48% Sep 3, 2021 - Oct 28, 2021 | -12.32% Jan 14, 2008 - Feb 28, 2008 |
| #15 | -5.12% Nov 16, 2021 - Dec 27, 2021 | -10.99% Jul 3, 2006 - Aug 2, 2006 |
Correlation
Correlation between ACWI and GDX is 0.40 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.40
-101
Dividend Comparison (2006 - 2025)
ACWI vs GDX dividend yield comparison.
| Year | ACWI | GDX |
|---|---|---|
| 2025 | 1.55% | 0.74% |
| 2024 | 1.70% | 1.19% |
| 2023 | 1.88% | 1.61% |
| 2022 | 1.79% | 1.66% |
| 2021 | 1.71% | 1.67% |
| 2020 | 1.43% | 0.53% |
| 2019 | 2.33% | 0.67% |
| 2018 | 2.18% | 0.50% |
| 2017 | 1.94% | 0.76% |
| 2016 | 2.19% | 0.26% |
| 2015 | 2.56% | 0.85% |
| 2014 | 2.26% | 0.66% |
| 2013 | 1.89% | 0.90% |
| 2012 | 2.25% | 1.00% |
| 2011 | 2.40% | 1.46% |
| 2010 | 1.73% | 0.65% |
| 2009 | 1.29% | 0.24% |
| 2008 | 0.61% | 0.00% |
| 2007 | 0.00% | 3.25% |
| 2006 | 0.00% | 0.29% |
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