VanEck Vectors Junior Gold Miners ETFFind Ratings Reports
- Last Ratings Update:07/31/2016
- Price as of 07/31/2016 :$50.08
- Net Assets:$2,330.8 Million
- Peer Rank:11 of 38
- Investment Rating:C
We rate VanEck Vectors Junior Gold Mnrs ETF at C. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Precious Metals strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The VanEck Vectors Junior Gold Mnrs ETF has returned an annual rate of -7.53% since inception. More recently, the fund has generated a total return of -15.59% in the last five years, 9.12% in the last three years, and 160.80% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 7% of them. It has also outpaced 68% of its competitors on a three year basis and 99% of them over the last year for the period ending 7/31/2016. On a year to date basis, GDXJ has returned 160.70%.
Downside risk has been above average. GDXJ has a draw down risk of -60.69%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 54.7%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2016, the fund was trading at a price of $50.08, which is 0.9% below its 52-week high of $50.56 and 15.1% above its 52-week low of $43.50.
High expense ratio hinders performance. On total assets of $2.33 billion, GDXJ maintains a high expense ratio compared to its Sector - Precious Metals peers of 0.55% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As GDXJ is an exchange traded fund, it has no front end or back end load.
The VanEck Vectors Junior Gold Mnrs ETF is managed by George Chao at Van Eck Associates Corporation. This fund is one of 57 Van Eck Associates Corporation exchange-traded funds launched since 5/16/2006 that we track.