ETF comparison
GDXvsGUNR
Both Materials.
VanEck Gold Miners ETF · Northern Trust Morningstar Global Upstream Natural Resources ETF
Holdings overlap
11 positions appear in both funds. Buying equal dollars of GDX and GUNR would leave roughly10.2%of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — seewhat we don't scorefor why.
Cost difference
GUNR is 5 bps cheaper than GDX. On a $100,000 position that's about $50/yr more in fees for GDX.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with GDX vs GUNR.
Top shared holdings
11 shared in total| # | Holding | In GDX | In GUNR | Overlap |
|---|---|---|---|---|
| 1 | Newmont Corp | 10.41% | 2.05% | 2.05% |
| 2 | Agnico Eagle Mines Ltd | 10.67% | 1.99% | 1.99% |
| 3 | Barrick Mining Corp | 7.95% | 1.37% | 1.37% |
| 4 | Wheaton Precious Metals Corp | 5.60% | 1.19% | 1.19% |
| 5 | Franco-Nevada Corp | 4.89% | 0.85% | 0.85% |
| 6 | Kinross Gold Corp | 4.39% | 0.78% | 0.78% |
| 7 | Northern Star Resources Ltd | 2.63% | 0.49% | 0.49% |
| 8 | Pan American Silver Corp | 2.97% | 0.47% | 0.47% |
| 9 | Evolution Mining Ltd | 1.65% | 0.39% | 0.39% |
| 10 | Alamos Gold Inc | 1.89% | 0.34% | 0.34% |
| 11 | Royal Gold Inc | 1.95% | 0.31% | 0.31% |
Only in GDX
51 total- Anglogold Ashanti Plc5.04%
- Gold Fields Ltd4.07%
- Coeur Mining Inc2.38%
- Industrias Penoles SAB de CV1.52%
- First Majestic Silver Corp1.43%
- Endeavour Mining PLC1.39%
- Hecla Mining Co1.38%
- IAMGOLD Corp1.37%
- Eldorado Gold Corp1.31%
- Equinox Gold Corp1.27%
Only in GUNR
129 total- Corteva, Inc.5.00%
- Exxon Mobil Corp.4.96%
- Nutrien Ltd.4.83%
- BHP Group Ltd.4.16%
- Shell plc3.89%
- Chevron Corp.3.78%
- Archer-Daniels-Midland Co.3.25%
- TotalEnergies SE2.87%
- Rio Tinto plc2.24%
- BP plc1.81%
Open GDX or GUNR at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.