Find Comparable ETFs for VanEck Gold Miners ETF
VanEck Gold Miners ETF
GDX - PCXSPDR Gold Shares
GLD - PCXThis is an ETF that tracks a diversified group of gold mining companies, offering exposure to the gold sector. While it does not invest directly in gold like GLD, its performance is influenced by gold prices, making it a relevant comparison.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 79%
R-squared: 62%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- GDX in GLD's comparables: Yes
- GLD in GDX's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GDX Beta: 0.77 (Low)
- GLD Beta: 0.15 (No Correlation)
- GDX 200-day Volatility: 32.19%
- GLD 200-day Volatility: 16.46%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GDX Price vs 200-day MA: 110%
- GLD Price vs 200-day MA: 112%
Performance Comparison:
| Period | GDX | GLD |
|---|---|---|
| Year_1 | 27% | 26% |
| Year_3 | 3% | 10% |
| Year_5 | 7% | 11% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Materials vs Precious Metals
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GDX Dividend Yield: 1%
- GLD Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
iShares MSCI Global Metals & Mining Producers ETF
PICK - BTSThe VanEck Vectors Gold Miners ETF invests primarily in gold mining companies, which, like PICK, are part of the broader materials sector and benefit from commodity price movements.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 59%
R-squared: 35%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 1
- GDX in PICK's comparables: Yes
- PICK in GDX's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 22.43 vs 6.34
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GDX Beta: 0.77 (Low)
- PICK Beta: 1.18 (Average)
- GDX 200-day Volatility: 32.19%
- PICK 200-day Volatility: 20.21%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GDX Price vs 200-day MA: 110%
- PICK Price vs 200-day MA: 95%
Performance Comparison:
| Period | GDX | PICK |
|---|---|---|
| Year_1 | 27% | -5% |
| Year_3 | 3% | -2% |
| Year_5 | 7% | 12% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs BTS
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Materials vs Materials
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GDX Dividend Yield: 1%
- PICK Dividend Yield: 4%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
SPDR S&P Metals and Mining ETF
XME - PCXThe VanEck Vectors Gold Miners ETF primarily includes gold mining companies, offering a specific focus within the mining sector, comparable to XME's broader metals focus.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 42%
R-squared: 18%
This indicates a weak positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- GDX in XME's comparables: Yes
- XME in GDX's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 22.43 vs 9.17
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GDX Beta: 0.77 (Low)
- XME Beta: 1.48 (High)
- GDX 200-day Volatility: 32.19%
- XME 200-day Volatility: 24.29%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GDX Price vs 200-day MA: 110%
- XME Price vs 200-day MA: 93%
Performance Comparison:
| Period | GDX | XME |
|---|---|---|
| Year_1 | 27% | 13% |
| Year_3 | 3% | 10% |
| Year_5 | 7% | 18% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Materials vs Materials
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GDX Dividend Yield: 1%
- XME Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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