USMV vs GDX
Comparison between ISHARES MSCI USA MIN VOL FACTOR ETF (USMV, ETF) and VANECK GOLD MINERS ETF (GDX, ETF).
5-Year PerformanceGDX has outperformed USMV, delivering a return of +18.8% compared to +6.9%
USMV vs GDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
USMV
$23B
GDX
$23B
Expense Ratio
Winner
USMV
0.15%
GDX
0.51%
Max Drawdown
Winner
USMV
33.10%
GDX
81.28%
Sharpe Ratio
USMV
0.22
Winner
GDX
0.95
5Y Beta
Winner
USMV
0.46
GDX
0.80
P/E Ratio
USMV
23.81
Winner
GDX
13.67
Forward P/E
USMV
19.59
Winner
GDX
9.77
PEG Ratio
USMV
0.20
GDX
N/A
5Y Dividends CAGR
USMV
4.73%
Winner
GDX
21.83%
5Y EPS CAGR
USMV
18.93%
Winner
GDX
52.87%
Debt to Equity
USMV
45.20%
Winner
GDX
14.66%
P/S Ratio
Winner
USMV
2.37
GDX
2.86
P/B Ratio
USMV
4.51
Winner
GDX
2.79
USMV vs GDX - Holdings Comparison
USMV and GDX have 2 common holdings. Overlap is 1.19%
USMV's top 25 holdings weight is 34.08%. GDX's top 25 holdings weight is 79.97%.
| Rank | USMV | GDX |
|---|---|---|
| #1 | AMPHENOL CORP CLASS A (APH) - 1.76% | NEWMONT CORP (NEM) - 10.79% |
| #2 | JOHNSON & JOHNSON (JNJ) - 1.55% | AGNICO EAGLE MINES LTD (AEM) - 9.94% |
| #3 | VERTEX PHARMACEUTICALS INC (VRTX) - 1.54% | BARRICK MINING CORP (B) - 7.90% |
| #4 | WELLTOWER INC (WELL) - 1.54% | WHEATON PRECIOUS METALS CORP (WPM) - 5.51% |
| #5 | CHUBB LTD (CB) - 1.52% | ANGLOGOLD ASHANTI PLC (AU) - 5.02% |
| #6 | CISCO SYSTEMS INC (CSCO) - 1.50% | FRANCO-NEVADA CORP (FNV) - 4.83% |
| #7 | DUKE ENERGY CORP (DUK) - 1.48% | KINROSS GOLD CORP (KGC) - 4.48% |
| #8 | SOUTHERN CO (SO) - 1.48% | GOLD FIELDS LTD ADR (GFI) - 4.06% |
| #9 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.46% | PAN AMERICAN SILVER CORP (n/a) - 2.94% |
| #10 | WASTE MANAGEMENT INC (WM) - 1.38% | NORTHERN STAR RESOURCES LTD (n/a) - 2.87% |
| #11 | MERCK & CO INC (MRK) - 1.35% | COEUR MINING INC (CDE) - 2.36% |
| #12 | NVIDIA CORP (NVDA) - 1.34% | ROYAL GOLD INC (RGLD) - 1.91% |
| #13 | MOTOROLA SOLUTIONS INC (MSI) - 1.34% | ALAMOS GOLD INC CLASS A (AGI) - 1.84% |
| #14 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.32% | EVOLUTION MINING LTD (n/a) - 1.62% |
| #15 | MICROSOFT CORP (MSFT) - 1.32% | INDUSTRIAS PENOLES SAB DE CV (n/a) - 1.57% |
| #16 | VERIZON COMMUNICATIONS INC (VZ) - 1.28% | FIRST MAJESTIC SILVER CORP (AG) - 1.44% |
| #17 | CONSOLIDATED EDISON INC (ED) - 1.27% | HECLA MINING CO (HL) - 1.41% |
| #18 | REPUBLIC SERVICES INC (RSG) - 1.26% | ENDEAVOUR MINING PLC (n/a) - 1.37% |
| #19 | WASTE CONNECTIONS INC (WCN) - 1.26% | IAMGOLD CORP (IAG) - 1.32% |
| #20 | EXXON MOBIL CORP (XOM) - 1.24% | ELDORADO GOLD CORP (EGO) - 1.26% |
| #21 | NEWMONT CORP (NEM) - 1.22% | n/a (EQX) - 1.24% |
| #22 | COCA-COLA CO (KO) - 1.20% | FRESNILLO PLC (n/a) - 1.19% |
| #23 | MCKESSON CORP (MCK) - 1.18% | HARMONY GOLD MINING CO LTD ADR (HMY) - 1.09% |
| #24 | CENCORA INC (COR) - 1.15% | LUNDIN GOLD INC (n/a) - 1.04% |
| #25 | MASTERCARD INC CLASS A (MA) - 1.14% | DPM METALS INC (n/a) - 0.97% |
| Total Holdings | 169 | 67 |
USMV vs GDX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
USMV
+2.41%
GDX
-8.90%
3M
Winner
USMV
+2.93%
GDX
-20.22%
6M
Winner
USMV
+3.08%
GDX
-26.75%
1Y
USMV
+5.45%
Winner
GDX
+40.91%
5Y(CAGR)
USMV
+6.85%
Winner
GDX
+18.79%
10Y(CAGR)
USMV
+9.45%
Winner
GDX
+10.97%
Max(CAGR)
Winner
USMV
+11.56%
GDX
+4.46%
USMV vs GDX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | USMV | GDX |
|---|---|---|
| 2026 | +3.84% | -13.46% |
| 2025 | +7.81% | +144.40% |
| 2024 | +15.30% | +12.26% |
| 2023 | +10.24% | +6.25% |
| 2022 | -8.86% | -6.71% |
| 2021 | +22.56% | -15.37% |
| 2020 | +5.60% | +23.37% |
| 2019 | +28.82% | +40.08% |
| 2018 | +1.39% | -11.01% |
| 2017 | +18.60% | +7.65% |
| 2016 | +11.96% | +48.90% |
| 2015 | +5.37% | -26.95% |
| 2014 | +17.49% | -15.99% |
| 2013 | +22.60% | -54.72% |
| 2012 | +10.87% | -12.89% |
| 2011 | +5.67% | -14.17% |
| 2010 | N/A | +29.70% |
| 2009 | N/A | +39.01% |
| 2008 | N/A | -31.19% |
| 2007 | N/A | +23.26% |
| 2006 | N/A | +7.43% |
USMV vs GDX Drawdown Comparison
The maximum drawdown for USMV was -33.10%, occurring on Mar 23, 2020. Recovery took 227 trading sessions.
The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.
The current USMV drawdown is -1.83%. The current GDX drawdown is -35.95%.
| Rank | USMV | GDX |
|---|---|---|
| #1 | -33.10% Feb 14, 2020 - Jan 8, 2021 | -80.35% Sep 8, 2011 - Aug 8, 2025 |
| #2 | -17.92% Dec 29, 2021 - Jan 2, 2024 | -70.79% Mar 14, 2008 - Sep 22, 2010 |
| #3 | -12.69% Sep 21, 2018 - Feb 15, 2019 | -38.93% Feb 27, 2026 - Jul 20, 2026 |
| #4 | -9.50% Aug 17, 2015 - Dec 29, 2015 | -20.52% Sep 5, 2006 - Feb 26, 2007 |
| #5 | -9.36% Feb 28, 2025 - May 19, 2025 | -19.96% Jul 19, 2007 - Sep 18, 2007 |
| #6 | -9.17% Jan 26, 2018 - Jul 25, 2018 | -19.14% Oct 16, 2025 - Dec 11, 2025 |
| #7 | -7.31% Jul 22, 2016 - Feb 13, 2017 | -19.03% Apr 8, 2011 - Sep 2, 2011 |
| #8 | -7.14% Dec 29, 2015 - Mar 3, 2016 | -18.56% Nov 6, 2007 - Jan 3, 2008 |
| #9 | -6.86% Nov 26, 2024 - Feb 28, 2025 | -17.71% Jun 2, 2006 - Jul 3, 2006 |
| #10 | -6.64% May 15, 2013 - Sep 18, 2013 | -17.58% Jan 28, 2026 - Feb 26, 2026 |
| #11 | -6.46% Feb 27, 2026 - Jul 2, 2026 | -16.18% Dec 6, 2010 - Apr 8, 2011 |
| #12 | -6.03% Sep 2, 2021 - Nov 3, 2021 | -13.48% Apr 16, 2007 - Jul 19, 2007 |
| #13 | -5.94% Oct 5, 2012 - Jan 10, 2013 | -12.82% Feb 26, 2007 - Apr 16, 2007 |
| #14 | -5.38% Nov 11, 2011 - Dec 6, 2011 | -12.32% Jan 14, 2008 - Feb 28, 2008 |
| #15 | -5.13% Dec 31, 2013 - Feb 18, 2014 | -10.99% Jul 3, 2006 - Aug 2, 2006 |
Correlation
Correlation between USMV and GDX is 0.54 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.54
-101
Dividend Comparison (2006 - 2026)
USMV vs GDX dividend yield comparison.
| Year | USMV | GDX |
|---|---|---|
| 2026 | 0.72% | 0.00% |
| 2025 | 1.49% | 0.74% |
| 2024 | 1.67% | 1.19% |
| 2023 | 1.82% | 1.61% |
| 2022 | 1.62% | 1.66% |
| 2021 | 1.26% | 1.67% |
| 2020 | 1.81% | 0.53% |
| 2019 | 1.88% | 0.67% |
| 2018 | 2.12% | 0.50% |
| 2017 | 1.77% | 0.76% |
| 2016 | 2.22% | 0.26% |
| 2015 | 2.02% | 0.85% |
| 2014 | 1.88% | 0.66% |
| 2013 | 2.18% | 0.90% |
| 2012 | 1.96% | 1.00% |
| 2011 | 0.29% | 1.46% |
| 2010 | 0.00% | 0.65% |
| 2009 | 0.00% | 0.24% |
| 2007 | 0.00% | 3.25% |
| 2006 | 0.00% | 0.29% |
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