ETF comparison
GDX vs GUNR
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 roughly 9.5% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for 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 the cost 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% | 1.85% | 1.85% |
| 2 | Agnico Eagle Mines Ltd | 10.67% | 1.71% | 1.71% |
| 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% | 0.91% | 0.91% |
| 6 | Kinross Gold Corp | 4.39% | 0.67% | 0.67% |
| 7 | Pan American Silver Corp | 2.97% | 0.44% | 0.44% |
| 8 | Northern Star Resources Ltd | 2.63% | 0.39% | 0.39% |
| 9 | Evolution Mining Ltd | 1.65% | 0.35% | 0.35% |
| 10 | Royal Gold Inc | 1.95% | 0.30% | 0.30% |
| 11 | Coeur Mining Inc | 2.38% | 0.30% | 0.30% |
Only in GDX
50 total- Anglogold Ashanti Plc 5.04%
- Gold Fields Ltd 4.07%
- Alamos Gold Inc 1.89%
- Industrias Penoles SAB de CV 1.52%
- First Majestic Silver Corp 1.43%
- Endeavour Mining PLC 1.39%
- Hecla Mining Co 1.38%
- IAMGOLD Corp 1.37%
- Eldorado Gold Corp 1.31%
- Equinox Gold Corp 1.27%
Only in GUNR
128 total- ExxonMobil Holdings Corp. 5.08%
- Corteva, Inc. 4.93%
- BHP Group Ltd. 4.61%
- Nutrien Ltd. 4.32%
- Shell plc 3.76%
- Chevron Corp. 3.72%
- Archer-Daniels-Midland Co. 3.23%
- TotalEnergies SE 2.78%
- Rio Tinto plc 2.26%
- CF Industries Holdings, Inc. 1.77%
Related comparisons
More comparisons with GDX
- GDX vs XLB · State Street Materials Select Sector SPDR ETF 5.8%
- GDX vs PICK · iShares MSCI Global Metals & Mining Producers ETF 0.5%
- GDX vs COPX · Global X Copper Miners ETF 0.0%
- GDX vs URA · Global X Uranium ETF 0.0%
- GDX vs URNM · Sprott Uranium Miners ETF 0.0%
- GDX vs VGT · Vanguard Information Technology Index Fund ETF Shares 0.0%
More comparisons with GUNR
- GUNR vs VAW · Vanguard Materials Index Fund ETF Shares 9.2%
- GUNR vs XME · State Street SPDR S&P Metals & Mining ETF 4.2%
- GUNR vs URA · Global X Uranium ETF 2.9%
- GUNR vs URNM · Sprott Uranium Miners ETF 0.8%
- GUNR vs GDXJ · VanEck Junior Gold Miners ETF 0.6%
- GUNR vs VGT · Vanguard Information Technology Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
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 methodology and 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.