VanEck Gold Miners ETF(GDX · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
- 52-Week Range
- $68.13 – $117.17
- YTD
- +8.17%
- IV Rank (30D)
- 5.74
- Straddle Price
- $8.38
- P/C Vol Ratio
- 0.23
VanEck Gold Miners ETF (GDX) ETF
- Exchange
- ARCX
- Inception
- 2006-05-16
- Has Options
- Yes
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-22 | 2025-12-26 | $0.6331 | CD |
| 2024-12-23 | 2024-12-24 | $0.4025 | CD |
| 2023-12-18 | 2023-12-22 | $0.5001 | CD |
| 2022-12-19 | 2022-12-23 | $0.4762 | CD |
| 2021-12-20 | 2021-12-27 | $0.5348 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NEM | Newmont Corp | 11.11% | Equity (US) | US |
| AEM | Agnico Eagle Mines Ltd | 10.98% | Equity (Foreign) | CA |
| B | Barrick Mining Corp | 7.75% | Equity (Foreign) | CA |
| WPM | Wheaton Precious Metals Corp | 5.64% | Equity (Foreign) | CA |
| FNV | Franco-Nevada Corp | 5.22% | Equity (Foreign) | CA |
| AU | Anglogold Ashanti Plc | 4.83% | Equity (US) | — |
| KGC | Kinross Gold Corp | 4.13% | Equity (Foreign) | CA |
| GFI | Gold Fields Ltd | 4.01% | Equity (Foreign) | ZA |
| PAAS | Pan American Silver Corp | 2.67% | Equity (Foreign) | CA |
| — | Northern Star Resources Ltd | 2.51% | Equity (Foreign) | AU |
| CDE | Coeur Mining Inc | 2.18% | Equity (US) | US |
| RGLD | Royal Gold Inc | 2.00% | Equity (US) | US |
| AGI | Alamos Gold Inc | 1.86% | Equity (Foreign) | CA |
| EQX | Equinox Gold Corp | 1.86% | Equity (Foreign) | CA |
| — | Evolution Mining Ltd | 1.54% | Equity (Foreign) | AU |
| — | Industrias Penoles Sab De Cv | 1.44% | Equity (Foreign) | MX |
| HL | Hecla Mining Co | 1.31% | Equity (US) | US |
| — | Endeavour Mining Plc | 1.29% | Equity (Foreign) | GB |
| AG | First Majestic Silver Corp | 1.28% | Equity (Foreign) | CA |
| IAG | Iamgold Corp | 1.28% | Equity (Foreign) | CA |
| — | Zijin Gold International Co Ltd | 1.11% | Equity (US) | — |
| — | Fresnillo Plc | 1.05% | Equity (US) | — |
| — | G Mining Ventures Corp | 1.04% | Equity (Foreign) | CA |
| — | Dundee Precious Metals Inc | 0.99% | Equity (US) | — |
| — | Lundin Gold Inc | 0.98% | Equity (Foreign) | CA |
| EGO | Eldorado Gold Corp | 0.93% | Equity (Foreign) | CA |
| BTG | B2gold Corp | 0.92% | Equity (Foreign) | CA |
| BVN | Cia De Minas Buenaventura Saa | 0.87% | Equity (Foreign) | PE |
| SSRM | Ssr Mining Inc | 0.87% | Equity (US) | — |
| HMY | Harmony Gold Mining Co Ltd | 0.87% | Equity (Foreign) | ZA |
| OGC | Oceanagold Corp | 0.84% | Equity (Foreign) | CA |
| — | Discovery Mining Ltd | 0.77% | Equity (Foreign) | CA |
| — | Amman Mineral Internasional Pt | 0.76% | Equity (Foreign) | ID |
| — | Perseus Mining Ltd | 0.69% | Equity (Foreign) | AU |
| — | Ramelius Resources Ltd | 0.65% | Equity (Foreign) | AU |
| — | Montage Gold Corp | 0.64% | Equity (Foreign) | CA |
| OR | Or Royalties Inc | 0.63% | Equity (Foreign) | CA |
| — | K92 Mining Inc | 0.60% | Equity (Foreign) | CA |
| — | Zhaojin Mining Industry Co Ltd | 0.59% | Equity (US) | — |
| — | Artemis Gold Inc | 0.58% | Equity (Foreign) | CA |
| — | Capricorn Metals Ltd | 0.54% | Equity (Foreign) | AU |
| ARIS | Aris Mining Corp | 0.53% | Equity (Foreign) | CA |
| — | Vault Minerals Ltd | 0.51% | Equity (Foreign) | AU |
| CGAU | Centerra Gold Inc | 0.51% | Equity (Foreign) | CA |
| — | Genesis Minerals Ltd | 0.51% | Equity (Foreign) | AU |
| AYA | Aya Gold & Silver Inc | 0.50% | Equity (Foreign) | CA |
| — | Torex Gold Resources Inc | 0.50% | Equity (Foreign) | CA |
| — | Wesdome Gold Mines Ltd/Canada | 0.50% | Equity (US) | — |
| — | Bumi Resources Minerals Tbk Pt | 0.49% | Equity (Foreign) | ID |
| AUGO | Aura Minerals Inc | 0.49% | Equity (Foreign) | BR |
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +0.43% | 6 |
| Feb | +2.40% | 6 |
| Mar | +4.25% | 6 |
| Apr | -0.42% | 6 |
| May | +0.60% | 6 |
| Jun | -7.37% | 6 |
| Jul | +1.39% | 6 |
| Aug | +2.78% | 6 |
| Sep | +1.10% | 6 |
| Oct | +3.04% | 5 |
| Nov | +6.44% | 5 |
| Dec | -0.94% | 5 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Here is my comprehensive stock analysis report:
Executive Summary
Overall assessment: BEARISH (Confidence level: 6/10)
Key drivers: High volatility, recent overbought conditions, negative news sentiment Primary risks: Downside risk due to high beta and overbought RSI
2-3 sentence investment thesis: GDX is likely to experience a pullback or consolidation phase as the stock has reached an overbought level. Despite the positive news sentiment, the technical indicators suggest that the upward momentum may be losing steam.
Recent news sentiment impact: The recent news headlines have been generally positive, but this does not necessarily align with the technical signals, which indicate a potential pullback.
Technical Analysis
Trend Direction: Short-term: BEARISH (RSI overbought), Medium-term: NEUTRAL (SMA 20 and SMA 50 in decline), Long-term: BULLISH (SMA 200 rising)
Support/Resistance Levels: Key price levels from moving averages: - Upper resistance: $103.40 (Bollinger Bands upper band) - Middle support: $85.83 (SMA 20) - Lower support: $68.26 (SMA 200 lower band)
Momentum Signals: + RSI interpretation: OVERBOUGHT (>70), potential sell signal + MACD signal: BULLISH (crossing above signal line), but with a warning sign from the histogram + Bollinger Bands position: NEUTRAL (price touching upper band) - Volume Analysis: Volume trends indicate a potential reversal
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines have focused on gold miners and ETFs, with some articles highlighting potential upside in the sector.
Sentiment Assessment: Aggregate sentiment is POSITIVE, but this does not necessarily align with the technical signals.
Catalyst Identification: No immediate catalysts are apparent, but upcoming earnings reports may influence the stock's performance.
Market Narrative: The positive news headlines have driven the recent price increase, but the technical indicators suggest that the upward momentum may be losing steam.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta >1.74), indicating that GDX moves more than the market.
Volatility Regime: Current volatility is HIGH (HV20 54.5%, HV30 51.6%), which is consistent with the beta value.
Options Market Signals: IV rank is MEDIUM (35.7%), and options activity suggests a BULLISH sentiment.
Downside Protection: Support levels include SMA 20 ($85.83) and lower band of the Bollinger Bands ($68.26).
Market Context & Positioning
Sector Performance: GDX has outperformed the broader market, but this may not continue given the overbought conditions.
Institutional Activity: Institutional interest is evident from the options activity, with a focus on calls.
Correlation Analysis: GDX has a moderate correlation (0.45) with the SPY index.
Relative Valuation: GDX is trading near the upper end of its recent range, which may indicate a potential pullback or consolidation phase.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels include SMA 20 ($85.83), middle band of the Bollinger Bands ($92.13), and lower band ($68.26).
Breakout/Breakdown Levels: A break below $85.83 or above $103.40 could trigger significant moves.
Time-Sensitive Catalysts: No immediate catalysts are apparent, but upcoming earnings reports may influence the stock's performance.
Risk Management: Consider setting a stop-loss level around $95-96 to manage potential losses if the stock experiences a pullback.
- IV Rank (30D)
- 5.74
- IV Rank (7D)
- 18.26
- Avg IV
- 49.8%
- Straddle (30D)
- $8.38
- Straddle (7D)
- $4.12
- P/C Volume
- 0.23
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 1.84
- Correlation (SPY)
- 46.7%
- R²
- 0.22
- Ann. Volatility
- 51.1%
- SPY Volatility
- 13.0%
High volatility - stock moves more than market
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|