GDXJ ETF — Holdings & Analysis

With an expense ratio of 0.51%, GDXJ provides targeted exposure to junior gold miners, differentiating itself through its specific focus on this segment of the precious metals market. The fund's holdings are primarily in Canadian, US, and Australian companies, offering a concentrated play on junior gold and silver miners.

VanEck Junior Gold Miners ETF (GDXJ) ETF — Price, Holdings & Analysis

The VanEck Junior Gold Miners ETF (GDXJ) is a $9.66 billion fund seeking to replicate the performance of the MVIS Global Junior Gold Miners Index, focusing on small-cap gold and silver mining companies. With an expense ratio of 0.51%, GDXJ provides targeted exposure to junior gold miners, differentiating itself through its specific focus on this segment of the precious metals market. The fund's holdings are primarily in Canadian, US, and Australian companies, offering a concentrated play on junior gold and silver miners.

ETF Overview

VanEck Junior Gold Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Junior Gold Miners Index (MVGDXJTR), which is intended to track the overall performance of small-capitalization companies that are involved primarily in the mining for gold and/or silver.

The VanEck Junior Gold Miners ETF (GDXJ) aims to mirror the MVIS Global Junior Gold Miners Index, targeting small-capitalization companies involved in gold and silver mining. This ETF provides investors with a focused approach to investing in the precious metals sector, specifically in companies that are often in the exploration or development phase. GDXJ's top holdings include Pan American Silver Corp (6.80%), Alamos Gold Inc Class A (6.52%), and Coeur Mining Inc (6.44%), reflecting a significant allocation to individual companies. The fund's sector allocation is entirely in Basic Materials (100.0%), indicating a highly concentrated investment in the mining industry. With significant exposure to Canada (50.5%), the United States (17.1%), and Australia (16.4%), GDXJ offers a geographically diverse, yet focused, investment in junior gold and silver mining companies. This ETF is suitable for investors seeking targeted exposure to the potential growth of smaller mining companies, but it comes with the inherent risks associated with this segment of the market. Past performance does not guarantee future results.

Risk Metrics

GDXJ carries a concentrated risk profile due to its focus on junior gold and silver mining companies. The fund's sector allocation is entirely in Basic Materials (100.0%), making it highly susceptible to fluctuations in commodity prices and mining industry conditions. The fund's top holdings, such as Pan American Silver Corp (6.80%) and Alamos Gold Inc Class A (6.52%), contribute to concentration risk, as the performance of a few companies can significantly impact the ETF's overall return. With a 3-year beta of 0.74, GDXJ exhibits less volatility than the broader market. The expense ratio of 0.51% can create a drag on returns, especially in periods of low performance. Investors should be aware of these risks and consider their risk tolerance before investing in GDXJ. Past performance does not guarantee future results.

Expense Ratio

0.51%

What does GDXJ hold?

Holding	Weight
Pan American Silver Corp (PAAS.TO)	6.80%
Alamos Gold Inc Class A (AGI.TO)	6.52%
Coeur Mining Inc (CDE)	6.44%
Equinox Gold Corp Ordinary Shares Class A (EQX.TO)	5.39%
Royal Gold Inc (RGLD)	4.93%
First Majestic Silver Corp (AG.TO)	3.16%
Evolution Mining Ltd (EVN.AX)	2.81%
Industrias Penoles SAB de CV (PE&OLES.MX)	2.71%
Iamgold Corp (IMG.TO)	2.71%
Endeavour Mining PLC (EDV.L)	2.63%

How Is the Fund Allocated?

Sector	Weight
Basic Materials	100.0%

Country	Weight
Canada	50.5%
United States	17.1%
Australia	16.4%
United Kingdom	3.3%
South Africa	2.8%
China	2.6%
Mexico	2.6%
Peru	1.7%
Other	1.5%
Indonesia	1.0%

Dividend Yield

1.71%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

VanEck Uranium and Nuclear ETF (NLR) (Equity) — 0.56% expense ratio
VanEck Gold Miners ETF (GDX) (Equity) — 0.51% expense ratio
VanEck Israel ETF (ISRA) (Equity) — 0.71% expense ratio
VanEck Emerging Markets High Yield Bond ETF (HYEM) (Multi-Asset) — 0.40% expense ratio
VanEck Green Infrastructure ETF (RNEW) (Equity) — 0.47% expense ratio
VanEck Technology TruSector ETF (TRUT) (Equity) — 0.14% expense ratio

Risk Metrics

Beta: 0.74

Questions & Answers

What is GDXJ and what does it track?

The VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MVIS Global Junior Gold Miners Index (MVGDXJTR).

This index is designed to track the overall performance of small-capitalization companies that are primarily involved in gold and/or silver mining.

What is the expense ratio for GDXJ?

The expense ratio for the VanEck Junior Gold Miners ETF (GDXJ) is 0.51%. This means that for every $10,000 invested in the fund, $51 is used to cover the fund's operating expenses annually.

While this is a reasonable cost for accessing a specialized sector, it is slightly higher than the average expense ratio for equity ETFs, which hovers around 0.44%.

What are the top holdings in GDXJ?

As of 2026-03-15, the top holdings in the VanEck Junior Gold Miners ETF (GDXJ) are: 1) Pan American Silver Corp (PAAS.TO) at 6.80%, 2) Alamos Gold Inc Class A (AGI.TO) at 6.52%, 3) Coeur Mining Inc (CDE) at 6.44%, 4)…

Equinox Gold Corp Ordinary Shares Class A (EQX.TO) at 5.39%, and 5) Royal Gold Inc (RGLD) at 4.93%.

Is GDXJ a good long-term investment?

Whether GDXJ is a suitable long-term investment depends on an investor's individual risk tolerance and investment objectives. GDXJ provides targeted exposure to junior gold and silver mining companies, which can offer growth potential but also carry higher risk.

The fund's 0.51% expense ratio should be factored into long-term return expectations.

How does GDXJ compare to similar ETFs?

GDXJ distinguishes itself through its focus on junior gold miners. A similar ETF might be a broader gold miners ETF that includes both senior and junior companies. GDXJ has an expense ratio of 0.51%.

Other gold mining ETFs may have different expense ratios, which can impact long-term returns.

Does GDXJ pay dividends?

Yes, the VanEck Junior Gold Miners ETF (GDXJ) does pay dividends. As of 2026-03-15, the fund has a dividend yield of 1.71%.

This means that investors can expect to receive approximately 1.71% of their investment back in the form of dividend payments annually, although this can fluctuate depending on the performance of the underlying holdings and the fund's distribution policy.