ETF comparison
GDX vs XME
Both Materials.
VanEck Gold Miners ETF · State Street SPDR S&P Metals & Mining ETF
Holdings overlap
5 positions appear in both funds. Buying equal dollars of GDX and XME would leave roughly 10.3% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
XME is 16 bps cheaper than GDX. On a $100,000 position that's about $160/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 XME.
Top shared holdings
5 shared in total| # | Holding | In GDX | In XME | Overlap |
|---|---|---|---|---|
| 1 | Newmont Corp | 10.77% | 4.26% | 4.26% |
| 2 | Coeur Mining Inc | 2.43% | 3.83% | 2.43% |
| 3 | Royal Gold Inc | 2.22% | 4.21% | 2.22% |
| 4 | Hecla Mining Co | 1.26% | 4.02% | 1.26% |
| 5 | State Street Global Advisors | 0.63% | 0.09% | 0.09% |
Only in GDX
47 total- Agnico Eagle Mines Ltd 12.08%
- Barrick Mining Corp 7.63%
- Franco-Nevada Corp 5.16%
- Anglogold Ashanti Plc 5.09%
- Wheaton Precious Metals Corp 4.89%
- Kinross Gold Corp 4.68%
- Gold Fields Ltd 4.48%
- Pan American Silver Corp 3.19%
- Northern Star Resources Ltd 2.59%
- Alamos Gold Inc 2.56%
Only in XME
33 total- Warrior Met Coal Inc 5.02%
- Core Natural Resources Inc 4.99%
- Alcoa Corp 4.57%
- Reliance Inc 4.51%
- Nucor Corp 4.50%
- Steel Dynamics Inc 4.46%
- Freeport-McMoRan Inc 4.36%
- Peabody Energy Corp 4.36%
- Uranium Energy Corp 4.36%
- Commercial Metals Co 4.22%
Open GDX or XME 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.