GDX vs EWJ
Comparison between VANECK GOLD MINERS ETF (GDX, ETF) and ISHARES MSCI JAPAN ETF (EWJ, ETF).
5-Year PerformanceGDX has outperformed EWJ, delivering a return of +18.8% compared to +9.1%
GDX vs EWJ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GDX vs EWJ - Historical Returns
Returns include dividend reinvestment.
GDX vs EWJ - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GDX | EWJ |
|---|---|---|
| 2026 | -13.46% | +14.64% |
| 2025 | +144.40% | +26.06% |
| 2024 | +12.26% | +8.03% |
| 2023 | +6.25% | +19.75% |
| 2022 | -6.71% | -17.81% |
| 2021 | -15.37% | +2.38% |
| 2020 | +23.37% | +14.21% |
| 2019 | +40.08% | +18.51% |
| 2018 | -11.01% | -14.61% |
| 2017 | +7.65% | +23.26% |
| 2016 | +48.90% | +4.41% |
| 2015 | -26.95% | +8.97% |
| 2014 | -15.99% | -4.66% |
| 2013 | -54.72% | +22.93% |
| 2012 | -12.89% | +7.10% |
| 2011 | -14.17% | -15.57% |
| 2010 | +29.70% | +10.75% |
| 2009 | +39.01% | +2.60% |
| 2008 | -31.19% | -26.64% |
| 2007 | +23.26% | -5.43% |
| 2006 | +7.43% | +2.59% |
| 2005 | N/A | +25.83% |
| 2004 | N/A | +13.03% |
| 2003 | N/A | +36.18% |
| 2002 | N/A | -10.32% |
| 2001 | N/A | -29.91% |
| 2000 | N/A | -29.46% |
| 1999 | N/A | +12.29% |
GDX vs EWJ Drawdown Comparison
The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.
The maximum drawdown for EWJ was -60.95%, occurring on Apr 25, 2003. Recovery took 4319 trading sessions.
The current GDX drawdown is -35.95%. The current EWJ drawdown is -4.36%.
| Rank | GDX | EWJ |
|---|---|---|
| #1 | -80.35% Sep 8, 2011 - Aug 8, 2025 | -60.95% Mar 31, 2000 - Jun 2, 2017 |
| #2 | -70.79% Mar 14, 2008 - Sep 22, 2010 | -33.13% Sep 15, 2021 - Mar 6, 2024 |
| #3 | -38.93% Feb 27, 2026 - Jul 20, 2026 | -30.69% Jan 26, 2018 - Nov 9, 2020 |
| #4 | -20.52% Sep 5, 2006 - Feb 26, 2007 | -14.67% Sep 26, 2024 - Apr 29, 2025 |
| #5 | -19.96% Jul 19, 2007 - Sep 18, 2007 | -13.59% Feb 11, 2026 - Jun 4, 2026 |
| #6 | -19.14% Oct 16, 2025 - Dec 11, 2025 | -13.00% Dec 31, 1999 - Mar 31, 2000 |
| #7 | -19.03% Apr 8, 2011 - Sep 2, 2011 | -12.21% Jul 16, 2024 - Aug 23, 2024 |
| #8 | -18.56% Nov 6, 2007 - Jan 3, 2008 | -8.95% Feb 16, 2021 - Sep 3, 2021 |
| #9 | -17.71% Jun 2, 2006 - Jul 3, 2006 | -7.43% Mar 21, 2024 - Jul 12, 2024 |
| #10 | -17.58% Jan 28, 2026 - Feb 26, 2026 | -6.74% Jun 22, 2026 - Jul 20, 2026 |
| #11 | -16.18% Dec 6, 2010 - Apr 8, 2011 | -5.90% Oct 6, 2025 - Oct 20, 2025 |
| #12 | -13.48% Apr 16, 2007 - Jul 19, 2007 | -5.75% Nov 12, 2025 - Dec 15, 2025 |
| #13 | -12.82% Feb 26, 2007 - Apr 16, 2007 | -5.39% Aug 30, 2024 - Sep 26, 2024 |
| #14 | -12.32% Jan 14, 2008 - Feb 28, 2008 | -5.14% Nov 26, 1999 - Dec 23, 1999 |
| #15 | -10.99% Jul 3, 2006 - Aug 2, 2006 | -5.14% Jun 4, 2026 - Jun 15, 2026 |
Correlation
Correlation between GDX and EWJ is 0.41 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (1999 - 2026)
GDX vs EWJ dividend yield comparison.
| Year | GDX | EWJ |
|---|---|---|
| 2026 | 0.00% | 0.54% |
| 2025 | 0.74% | 4.52% |
| 2024 | 1.19% | 2.34% |
| 2023 | 1.61% | 2.03% |
| 2022 | 1.66% | 1.23% |
| 2021 | 1.67% | 2.08% |
| 2020 | 0.53% | 1.04% |
| 2019 | 0.67% | 2.03% |
| 2018 | 0.50% | 1.71% |
| 2017 | 0.76% | 1.25% |
| 2016 | 0.26% | 1.95% |
| 2015 | 0.85% | 1.27% |
| 2014 | 0.66% | 1.32% |
| 2013 | 0.90% | 1.11% |
| 2012 | 1.00% | 1.94% |
| 2011 | 1.46% | 2.13% |
| 2010 | 0.65% | 1.30% |
| 2009 | 0.24% | 1.42% |
| 2008 | 0.00% | 1.40% |
| 2007 | 3.25% | 1.04% |
| 2006 | 0.29% | 0.70% |
| 2005 | 0.00% | 0.43% |
| 2004 | 0.00% | 0.39% |
| 2003 | 0.00% | 0.02% |
| 2000 | 0.00% | 4.08% |
| 1999 | 0.00% | 0.67% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks