VanEck Gold Miners ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$26.36
- Net Assets:$0 Million
- NAV:$27.19
- Premium-3.05%
- Peer Rank:17 of 32
- Investment Rating:D-
- Performance:D-
- RiskC+
We rate VanEck Gold Miners at D-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Precious Metals strategy.
Total return ranks well below peers over the last three years. The VanEck Gold Miners has returned an annual rate of -1.53% since inception. More recently, the fund has generated a total return of 5.36% in the last five years, -3.34% in the last three years, and -3.03% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 49% of them. It has also outpaced 19% of its competitors on a three year basis and 10% of them over the last year for the period ending 2/29/2024. On a year to date basis, GDX has returned -11.87%.
Downside risk has been above average. GDX has a draw down risk of -39.62%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 32.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As GDX is an exchange traded fund, it has no front end or back end load.
The VanEck Gold Miners is managed by Peter H. Liao at Van Eck Associates Corp. This fund is one of 54 Van Eck Associates Corp exchange-traded funds launched since 5/16/2006 that we track.