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