ETF research
GDX: VanEck Gold Miners ETF research
As of 09-28-2026
GDX shows strong 3m (+16.13%) and 12m (+21.06%) returns with solid relative strength vs SPY (+12.12% over 3 months), but the sharp -15.24% 1-month drop and position below the 200-day average signal a recent trend break. High volatility (51.4%) and a steep 38.9% max drawdown mean this is a high-risk, high-reward play tied to gold prices, which are themselves in a similar unstable pattern per IAU data. Waiting for the trend to stabilize above the 200-day line would improve the entry.
The full thesis, the catalysts to watch and the key risks open with a plan. Compare plans
Research on a fund, not a trade call. We do not publish signals on funds.
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