GDX vs MXI: Holdings Overlap
VanEck · 51 holdings · $23.7B · as of 2026-03-31
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
How similar are GDX and MXI?
VanEck Gold Miners ETF (GDX, by VanEck) holds 51 positions; iShares Global Materials ETF (MXI, by iShares) holds 101. They have 9 holdings in common, and by portfolio weight the two funds are 16.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9GDX holds 51 · MXI holds 101
- Weight in Shared Holdings
- GDX 51%·MXI 16%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
42 of 51 positions (48.8% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | GDX | MXI |
|---|---|---|
| Materials | 97.4% | 99.5% |
| Real Estate | 0.0% | 0.1% |
| Communication Services | 0.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 2.4% | 0.0% |
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, 0% of MXI).
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% |
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
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 MXI →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by NEM, AEM and ABX.
 NEMNewmont Corporation COM | 10.77% | 3.99% | 3.99% |
|---|---|---|---|
 AEMAgnico Eagle Mines Ltd. | 12.08% | 3.44% | 3.44% |
 ABXBarrick Mining Corp. | 7.63% | 2.31% | 2.31% |
 WPMWheaton Precious Metals Corp. | 4.89% | 2.01% | 2.01% |
 FNVFranco-Nevada Corp. | 5.16% | 1.61% | 1.61% |
 KUSDKinross Gold Corp. | 4.68% | 1.24% | 1.24% |
 NSTNorthern Star Resources Ltd. NPV | 2.59% | 0.70% | 0.70% |
 EVNEvolution Mining Ltd. | 1.57% | 0.62% | 0.62% |
 EDVEndeavour Mining PLC | 1.58% | 0.38% | 0.38% |
Frequently Asked Questions
How much do GDX and MXI overlap?
GDX and MXI overlap by 16.3% of portfolio weight. They share 9 holdings (GDX holds 51 positions and MXI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GDX and MXI?
The two portfolios are 16.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of GDX and MXI?
The largest positions held by both funds are NEM, AEM, ABX, WPM and FNV. Together the top 9 shared positions account for 100% of the total overlap.
What does GDX own that MXI doesn't?
42 positions (48.8% of GDX) are unique to GDX, led by AU, GFI and PAAS. In the other direction, 92 positions (83.4% of MXI) are unique to MXI.