GDX vs XLU
Comparison between VANECK GOLD MINERS ETF (GDX, ETF) and STATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) ETF (XLU, ETF).
GDX is from the Basic Materials sector, while XLU is from the Utilities sector.
5-Year PerformanceGDX has outperformed XLU, delivering a return of +29.0% compared to +7.3%
GDX vs XLU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GDX
$23B
Winner
XLU
$23B
Expense Ratio
GDX
0.51%
Winner
XLU
0.08%
Max Drawdown
GDX
81.28%
Winner
XLU
55.68%
Sharpe Ratio
Winner
GDX
1.32
XLU
-0.04
5Y Beta
GDX
0.79
Winner
XLU
0.31
P/E Ratio
Winner
GDX
15.13
XLU
19.39
Forward P/E
Winner
GDX
14.54
XLU
18.32
PEG Ratio
GDX
N/A
XLU
0.79
5Y Dividends CAGR
Winner
GDX
21.83%
XLU
3.76%
5Y EPS CAGR
Winner
GDX
28.03%
XLU
12.76%
Debt to Equity
Winner
GDX
15.51%
XLU
126.68%
P/S Ratio
GDX
4.94
Winner
XLU
2.82
P/B Ratio
GDX
3.16
Winner
XLU
2.20
GDX vs XLU - Holdings Comparison
GDX and XLU have 1 common holdings. Overlap is -0.01%
GDX's top 25 holdings weight is 79.80%. XLU's top 25 holdings weight is 92.04%.
| Rank | GDX | XLU |
|---|---|---|
| #1 | NEWMONT CORP (NEM) - 10.91% | NEXTERA ENERGY INC (NEE) - 13.01% |
| #2 | AGNICO EAGLE MINES LTD (AEM) - 10.44% | SOUTHERN CO (SO) - 7.59% |
| #3 | BARRICK MINING CORP (B) - 7.25% | DUKE ENERGY CORP (DUK) - 7.00% |
| #4 | WHEATON PRECIOUS METALS CORP (WPM) - 5.60% | CONSTELLATION ENERGY CORP (CEG) - 6.48% |
| #5 | ANGLOGOLD ASHANTI PLC (AU) - 5.07% | AMERICAN ELECTRIC POWER CO INC (AEP) - 4.93% |
| #6 | FRANCO-NEVADA CORP (FNV) - 4.72% | DOMINION ENERGY INC (D) - 4.35% |
| #7 | KINROSS GOLD CORP (KGC) - 4.23% | SEMPRA (SRE) - 4.09% |
| #8 | GOLD FIELDS LTD ADR (GFI) - 4.07% | ENTERGY CORP (ETR) - 3.59% |
| #9 | PAN AMERICAN SILVER CORP (n/a) - 2.87% | XCEL ENERGY INC (XEL) - 3.57% |
| #10 | NORTHERN STAR RESOURCES LTD (n/a) - 2.67% | VISTRA CORP (VST) - 3.38% |
| #11 | COEUR MINING INC (CDE) - 2.26% | EXELON CORP (EXC) - 3.37% |
| #12 | ROYAL GOLD INC (RGLD) - 1.90% | CONSOLIDATED EDISON INC (ED) - 2.89% |
| #13 | ALAMOS GOLD INC CLASS A (AGI) - 1.74% | PG&E CORP (PCG) - 2.78% |
| #14 | n/a (EQX) - 1.67% | PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) - 2.75% |
| #15 | EVOLUTION MINING LTD (n/a) - 1.61% | WEC ENERGY GROUP INC (WEC) - 2.59% |
| #16 | INDUSTRIAS PENOLES SAB DE CV (n/a) - 1.49% | AMEREN CORP (AEE) - 2.19% |
| #17 | ELDORADO GOLD CORP (EGO) - 1.37% | DTE ENERGY CO (DTE) - 2.10% |
| #18 | HECLA MINING CO (HL) - 1.33% | ATMOS ENERGY CORP (ATO) - 2.06% |
| #19 | ENDEAVOUR MINING PLC (n/a) - 1.33% | EVERSOURCE ENERGY (ES) - 1.96% |
| #20 | FIRST MAJESTIC SILVER CORP (AG) - 1.33% | PPL CORP (PPL) - 1.94% |
| #21 | IAMGOLD CORP (IAG) - 1.32% | EDISON INTERNATIONAL (EIX) - 1.94% |
| #22 | G MINING VENTURES CORP (n/a) - 1.27% | CENTERPOINT ENERGY INC (CNP) - 1.93% |
| #23 | HARMONY GOLD MINING CO LTD ADR (HMY) - 1.15% | AMERICAN WATER WORKS CO INC (AWK) - 1.92% |
| #24 | FRESNILLO PLC (n/a) - 1.14% | NRG ENERGY INC (NRG) - 1.85% |
| #25 | DPM METALS INC (n/a) - 1.06% | FIRSTENERGY CORP (FE) - 1.78% |
| Total Holdings | 63 | 34 |
GDX vs XLU - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GDX
+38.60%
XLU
-4.79%
3M
Winner
GDX
+19.58%
XLU
-4.35%
6M
Winner
GDX
-3.23%
XLU
-6.45%
1Y
Winner
GDX
+74.65%
XLU
+2.72%
5Y(CAGR)
Winner
GDX
+28.98%
XLU
+7.28%
10Y(CAGR)
Winner
GDX
+14.43%
XLU
+8.82%
Max(CAGR)
GDX
+6.14%
Winner
XLU
+7.67%
GDX vs XLU - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GDX | XLU |
|---|---|---|
| 2026 | +19.95% | +0.37% |
| 2025 | +144.40% | +15.12% |
| 2024 | +12.26% | +21.52% |
| 2023 | +6.25% | -7.17% |
| 2022 | -6.71% | +2.43% |
| 2021 | -15.37% | +20.74% |
| 2020 | +23.37% | +1.85% |
| 2019 | +40.08% | +28.12% |
| 2018 | -11.01% | +4.90% |
| 2017 | +7.65% | +12.31% |
| 2016 | +48.90% | +16.30% |
| 2015 | -26.95% | -5.35% |
| 2014 | -15.99% | +30.73% |
| 2013 | -54.72% | +11.01% |
| 2012 | -12.89% | +2.87% |
| 2011 | -14.17% | +19.04% |
| 2010 | +29.70% | +5.10% |
| 2009 | +39.01% | +9.16% |
| 2008 | -31.19% | -28.52% |
| 2007 | +23.26% | +18.09% |
| 2006 | +7.43% | +18.82% |
| 2005 | N/A | +17.72% |
| 2004 | N/A | +23.90% |
| 2003 | N/A | +23.54% |
| 2002 | N/A | -29.77% |
| 2001 | N/A | -11.65% |
| 2000 | N/A | +26.52% |
| 1999 | N/A | -5.71% |
GDX vs XLU Drawdown Comparison
The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.
The maximum drawdown for XLU was -51.96%, occurring on Oct 9, 2002. Recovery took 933 trading sessions.
The current GDX drawdown is -11.23%. The current XLU drawdown is -9.20%.
| Rank | GDX | XLU |
|---|---|---|
| #1 | -80.35% Sep 8, 2011 - Aug 8, 2025 | -51.96% May 21, 2001 - Feb 8, 2005 |
| #2 | -70.79% Mar 14, 2008 - Sep 22, 2010 | -46.49% Dec 10, 2007 - Jun 14, 2012 |
| #3 | -38.93% Feb 27, 2026 - Jul 20, 2026 | -36.03% Feb 18, 2020 - Aug 5, 2021 |
| #4 | -20.52% Sep 5, 2006 - Feb 26, 2007 | -25.26% Sep 12, 2022 - Aug 1, 2024 |
| #5 | -19.96% Jul 19, 2007 - Sep 18, 2007 | -21.46% Nov 1, 1999 - Jun 13, 2000 |
| #6 | -19.14% Oct 16, 2025 - Dec 11, 2025 | -15.71% Apr 8, 2022 - Aug 12, 2022 |
| #7 | -19.03% Apr 8, 2011 - Sep 2, 2011 | -15.69% Jan 29, 2015 - Mar 8, 2016 |
| #8 | -18.56% Nov 6, 2007 - Jan 3, 2008 | -15.59% Nov 14, 2017 - Oct 24, 2018 |
| #9 | -17.71% Jun 2, 2006 - Jul 3, 2006 | -13.25% Dec 13, 2000 - May 21, 2001 |
| #10 | -17.58% Jan 28, 2026 - Feb 26, 2026 | -12.44% Jul 6, 2016 - Mar 22, 2017 |
| #11 | -16.18% Dec 6, 2010 - Apr 8, 2011 | -12.04% Apr 30, 2013 - Feb 14, 2014 |
| #12 | -13.48% Apr 16, 2007 - Jul 19, 2007 | -11.86% Oct 3, 2005 - Jul 19, 2006 |
| #13 | -12.82% Feb 26, 2007 - Apr 16, 2007 | -11.73% May 18, 2007 - Oct 31, 2007 |
| #14 | -12.32% Jan 14, 2008 - Feb 28, 2008 | -10.51% Nov 29, 2024 - May 16, 2025 |
| #15 | -10.99% Jul 3, 2006 - Aug 2, 2006 | -9.94% Jul 30, 2012 - Feb 28, 2013 |
Correlation
Correlation between GDX and XLU is 0.36 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.36
-101
Dividend Comparison (1999 - 2026)
GDX vs XLU dividend yield comparison.
| Year | GDX | XLU |
|---|---|---|
| 2026 | 0.00% | 1.39% |
| 2025 | 0.74% | 2.71% |
| 2024 | 1.19% | 2.96% |
| 2023 | 1.61% | 3.39% |
| 2022 | 1.66% | 2.92% |
| 2021 | 1.67% | 2.79% |
| 2020 | 0.53% | 3.14% |
| 2019 | 0.67% | 2.95% |
| 2018 | 0.50% | 3.33% |
| 2017 | 0.76% | 3.33% |
| 2016 | 0.26% | 3.41% |
| 2015 | 0.85% | 3.67% |
| 2014 | 0.66% | 3.19% |
| 2013 | 0.90% | 3.86% |
| 2012 | 1.00% | 4.14% |
| 2011 | 1.46% | 3.80% |
| 2010 | 0.65% | 4.06% |
| 2009 | 0.24% | 4.11% |
| 2008 | 0.00% | 4.26% |
| 2007 | 3.25% | 2.59% |
| 2006 | 0.29% | 3.23% |
| 2005 | 0.00% | 3.22% |
| 2004 | 0.00% | 3.14% |
| 2003 | 0.00% | 3.41% |
| 2002 | 0.00% | 4.81% |
| 2001 | 0.00% | 3.14% |
| 2000 | 0.00% | 4.26% |
| 1999 | 0.00% | 1.30% |
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