GDX vs GSIE: Holdings Overlap
VanEck · 51 holdings · $23.7B · as of 2026-03-31
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (GDX: 2026-03-31, GSIE: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are GDX and GSIE?
VanEck Gold Miners ETF (GDX, by VanEck) holds 51 positions; Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657. They have 12 holdings in common, and by portfolio weight the two funds are 1.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12GDX holds 51 · GSIE holds 657
- Weight in Shared Holdings
- GDX 48%·GSIE 2%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in GDX
39 of 51 positions (52.1% of the fund) are not held by GSIE. Showing the top 30 by weight.
Sector Breakdown
| Sector | GDX | GSIE |
|---|---|---|
| Materials | 97.4% | 5.6% |
| Financials | 0.0% | 24.0% |
| Industrials | 0.0% | 15.3% |
| Information Technology | 0.0% | 9.0% |
| Health Care | 0.0% | 8.0% |
| Other Sectors | 0.0% | 22.4% |
| Unclassified | 2.4% | 15.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (2% of GDX, 15% of GSIE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GDX | +18.6% | +4.8% | +56.3% | +47.0% | +23.7% | +12.6% | 0.70% |
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in GDX vs GSIE →
Shared Holdings(12)
The top 10 shared positions account for 96% of the overlap, led by LUG, KUSD and AEM.
 LUGLundin Gold Inc | 1.26% | 0.33% | 0.33% |
|---|---|---|---|
 KUSDKinross Gold Corp | 4.68% | 0.18% | 0.18% |
 AEMAgnico Eagle Mines Ltd | 12.08% | 0.18% | 0.18% |
 FRESFresnillo PLC | 1.33% | 0.17% | 0.17% |
 ABXBarrick Mining Corp | 7.63% | 0.15% | 0.15% |
 EDVEndeavour Mining PLC | 1.58% | 0.14% | 0.14% |
 WPMWheaton Precious Metals Corp | 4.89% | 0.12% | 0.12% |
 PAASPan American Silver Corp | 3.19% | 0.09% | 0.09% |
 FNVFranco-Nevada Corp | 5.16% | 0.07% | 0.07% |
 EVNEvolution Mining Ltd | 1.57% | 0.06% | 0.06% |
 AGIAlamos Gold Inc | 2.56% | 0.04% | 0.04% |
 EQXEquinox Gold Corp | 1.64% | 0.02% | 0.02% |
Frequently Asked Questions
How much do GDX and GSIE overlap?
GDX and GSIE overlap by 1.6% of portfolio weight. They share 12 holdings (GDX holds 51 positions and GSIE holds 657), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GDX and GSIE?
The two portfolios are 1.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of GDX and GSIE?
The largest positions held by both funds are LUG, KUSD, AEM, FRES and ABX. Together the top 10 shared positions account for 96% of the total overlap.
What does GDX own that GSIE doesn't?
39 positions (52.1% of GDX) are unique to GDX, led by NEM, AU and GFI. In the other direction, 645 positions (97.8% of GSIE) are unique to GSIE.