GDX vs VSS: Holdings Overlap
VanEck · 51 holdings · $23.7B · as of 2026-03-31
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (GDX: 2026-03-31, VSS: 2026-04-30). 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 VSS?
VanEck Gold Miners ETF (GDX, by VanEck) holds 51 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 22 holdings in common, and by portfolio weight the two funds are 2.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22GDX holds 51 · VSS holds 4810
- Weight in Shared Holdings
- GDX 13%·VSS 3%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
29 of 51 positions (86.2% of the fund) are not held by VSS.
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% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 VSS →
Shared Holdings(22)
The top 10 shared positions account for 62% of the overlap, led by EGO, DPM and OR.
 EGOEldorado Gold Corp | 0.88% | 0.20% | 0.20% |
|---|---|---|---|
 DPMDPM Metals Inc | 0.88% | 0.19% | 0.19% |
 OROR Royalties Inc | 0.69% | 0.19% | 0.19% |
 OGCOceanaGold Corp | 1.06% | 0.19% | 0.19% |
 GMING Mining Ventures Corp | 0.89% | 0.16% | 0.16% |
 SSRMSSR Mining Inc COM | 0.77% | 0.16% | 0.16% |
 BTGB2Gold Corp | 0.83% | 0.16% | 0.16% |
 PRUPerseus Mining Ltd | 0.54% | 0.14% | 0.14% |
 GGPGreatland Resources Ltd | 0.59% | 0.13% | 0.13% |
 KNTK92 Mining Inc | 0.52% | 0.12% | 0.12% |
 OLAOrla Mining Ltd | 0.63% | 0.11% | 0.11% |
 TXGTorex Gold Resources Inc | 0.55% | 0.10% | 0.10% |
 WGXWestgold Resources Ltd | 0.46% | 0.10% | 0.10% |
 CGAUCenterra Gold Inc | 0.51% | 0.09% | 0.09% |
 ARISAris Mining Corp | 0.58% | 0.09% | 0.09% |
 CMMCapricorn Metals Ltd | 0.40% | 0.09% | 0.09% |
| Discovery Silver Corp | 0.65% | 0.08% | 0.08% |
 FSMFortuna Mining Corp | 0.40% | 0.08% | 0.08% |
 EXKEndeavour Silver Corp | 0.42% | 0.07% | 0.07% |
 WDOWesdome Gold Mines Ltd | 0.39% | 0.07% | 0.07% |
| Seabridge Gold Inc | 0.36% | 0.07% | 0.07% |
 BRMSBumi Resources Minerals Tbk PT | 0.51% | 0.07% | 0.07% |
Frequently Asked Questions
How much do GDX and VSS overlap?
GDX and VSS overlap by 2.6% of portfolio weight. They share 22 holdings (GDX holds 51 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GDX and VSS?
The two portfolios are 2.6% 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 VSS?
The largest positions held by both funds are EGO, DPM, OR, OGC and GMIN. Together the top 10 shared positions account for 62% of the total overlap.
What does GDX own that VSS doesn't?
29 positions (86.2% of GDX) are unique to GDX, led by AEM, NEM and ABX. In the other direction, 4788 positions (96.4% of VSS) are unique to VSS.