ETF comparison
GDX vs XME
Both Materials.
VanEck Gold Miners ETF · State Street SPDR S&P Metals & Mining ETF
Holdings overlap
4 positions appear in both funds. Buying equal dollars of GDX and XME would leave roughly 9.9% 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
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
4 shared in total| # | Holding | In GDX | In XME | Overlap |
|---|---|---|---|---|
| 1 | Newmont Corp | 10.41% | 4.24% | 4.24% |
| 2 | Coeur Mining Inc | 2.38% | 4.46% | 2.38% |
| 3 | Royal Gold Inc | 1.95% | 4.26% | 1.95% |
| 4 | Hecla Mining Co | 1.38% | 4.62% | 1.38% |
Only in GDX
57 total- Agnico Eagle Mines Ltd 10.67%
- Barrick Mining Corp 7.95%
- Wheaton Precious Metals Corp 5.60%
- Anglogold Ashanti Plc 5.04%
- Franco-Nevada Corp 4.89%
- Kinross Gold Corp 4.39%
- Gold Fields Ltd 4.07%
- Pan American Silver Corp 2.97%
- Northern Star Resources Ltd 2.63%
- Alamos Gold Inc 1.89%
Only in XME
35 total- Uranium Energy Corp 4.76%
- Centrus Energy Corp 4.60%
- USA Rare Earth Inc 4.47%
- MP Materials Corp 4.41%
- Freeport-McMoRan Inc 4.26%
- Materion Corp 4.22%
- Reliance Inc 3.99%
- Nucor Corp 3.74%
- Core Natural Resources Inc 3.69%
- Steel Dynamics Inc 3.60%
Related comparisons
More comparisons with GDX
- GDX vs FMAT · Fidelity MSCI Materials Index ETF 9.6%
- GDX vs GUNR · Northern Trust Morningstar Global Upstream Natural Resources ETF 9.5%
- 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%
More comparisons with XME
- XME vs URA · Global X Uranium ETF 9.0%
- XME vs GDXJ · VanEck Junior Gold Miners ETF 8.4%
- XME vs COPX · Global X Copper Miners ETF 4.9%
- XME vs URNM · Sprott Uranium Miners ETF 4.9%
- XME vs GUNR · Northern Trust Morningstar Global Upstream Natural Resources ETF 4.2%
- XME vs VGT · Vanguard Information Technology Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
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.