Performance analysis of GDX (VANECK GOLD MINERS ETF)
Annual Return
Over the past 3 years, GDX has had an average annual return of +42.74%, outperforming the benchmark SPY, which returned +22.77% annual.
Over the past 5 years, GDX has had an average annual return of +19.85%, outperforming the benchmark SPY, which returned +14% annual.
Over the past 10 years, GDX has had an average annual return of +14.38%, underperforming the benchmark SPY, which returned +15.53% annual.
Since May 22, 2006, GDX has had an average annual return of +5.39%, underperforming the benchmark SPY, which returned +11.41% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +2.66% | +154.72% | +10.63% | +9.96% | -8.99% | -9.51% | +23.65% | +39.81% | -8.79% | +11.97% | +52.94% | -24.73% |
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||
| -12.41% | -54.03% | -8.87% | -15.15% | +33.92% | +36.71% | -26.07% | +18.78% | +7.43% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.83% | +22.97% | -20.78% | -3.79% | +1.36% | -1.61% | +2.66% | ||||||
| 2025 | +14.89% | +1.96% | +15.73% | +6.61% | +3.34% | +2.79% | -0.81% | +22.33% | +20.94% | -5.68% | +15.50% | +3.78% | +154.72% |
| 2024 | -9.90% | -5.65% | +19.95% | +4.78% | +6.54% | -3.88% | +11.79% | +1.82% | +3.11% | +1.31% | -6.64% | -8.91% | +10.63% |
| 2023 | +11.73% | -14.09% | +17.59% | +3.81% | -7.95% | -2.59% | +4.31% | -6.84% | -8.03% | +4.08% | +11.82% | +0.62% | +9.96% |
| 2022 | -5.62% | +13.72% | +11.55% | -8.76% | -9.32% | -13.71% | -4.06% | -9.41% | +1.35% | +0.16% | +20.24% | +0.36% | -8.99% |
| 2021 | -4.19% | -9.80% | +4.40% | +5.73% | +14.72% | -13.80% | +2.77% | -6.64% | -9.60% | +7.59% | +0.29% | +2.49% | -9.51% |
| 2020 | -1.00% | -9.55% | -12.13% | +40.01% | +6.39% | +6.88% | +17.07% | -1.56% | -7.36% | -4.27% | -7.49% | +4.40% | +23.65% |
| 2019 | +7.58% | -1.98% | +0.81% | -6.81% | +3.34% | +18.40% | +3.67% | +12.69% | -10.56% | +5.40% | -3.80% | +8.89% | +39.81% |
| 2018 | +2.19% | -10.11% | +2.95% | +1.37% | +0.26% | -0.12% | -4.63% | -12.82% | -0.16% | +2.21% | +0.85% | +11.05% | -8.79% |
| 2017 | +14.38% | -4.51% | -0.18% | -2.55% | +2.08% | -2.70% | +3.54% | +8.13% | -7.12% | -2.09% | -0.05% | +4.26% | +11.97% |
Drawdown analysis of GDX (VANECK GOLD MINERS ETF)
The maximum drawdown for the GDX was -80.34%, occurring on Jan 19, 2016. Recovery took 2403 trading sessions.
The current GDX drawdown is -23.99%.
Since May 22, 2006 GDX has experienced the following drawdowns:
- 50% or more: 2 times
- 40% or more: 2 times
- 30% or more: 3 times
- 20% or more: 4 times
- 10% or more: 15 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.34% | Sep 8, 2011 | 1096 | Jan 19, 2016 | 2403 | Aug 8, 2025 | 3499 |
| -70.79% | Mar 14, 2008 | 157 | Oct 27, 2008 | 479 | Sep 22, 2010 | 636 |
| -30.84% | Feb 27, 2026 | 15 | Mar 20, 2026 | Ongoing | Ongoing | Ongoing |
| -20.53% | Sep 5, 2006 | 20 | Oct 3, 2006 | 98 | Feb 26, 2007 | 118 |
| -19.96% | Jul 19, 2007 | 20 | Aug 16, 2007 | 22 | Sep 18, 2007 | 42 |
| -19.14% | Oct 16, 2025 | 13 | Nov 4, 2025 | 26 | Dec 11, 2025 | 39 |
| -19.03% | Apr 8, 2011 | 47 | Jun 16, 2011 | 55 | Sep 2, 2011 | 102 |
| -18.56% | Nov 6, 2007 | 28 | Dec 17, 2007 | 11 | Jan 3, 2008 | 39 |
| -17.71% | Jun 2, 2006 | 7 | Jun 13, 2006 | 14 | Jul 3, 2006 | 21 |
| -17.58% | Jan 28, 2026 | 6 | Feb 5, 2026 | 14 | Feb 26, 2026 | 20 |
| -16.18% | Dec 6, 2010 | 34 | Jan 25, 2011 | 52 | Apr 8, 2011 | 86 |
| -13.49% | Apr 16, 2007 | 50 | Jun 26, 2007 | 16 | Jul 19, 2007 | 66 |
| -12.82% | Feb 26, 2007 | 5 | Mar 5, 2007 | 29 | Apr 16, 2007 | 34 |
| -12.33% | Jan 14, 2008 | 15 | Feb 5, 2008 | 16 | Feb 28, 2008 | 31 |
| -10.98% | Jul 3, 2006 | 13 | Jul 21, 2006 | 8 | Aug 2, 2006 | 21 |
| -7.36% | Oct 13, 2010 | 6 | Oct 21, 2010 | 10 | Nov 4, 2010 | 16 |
| -6.67% | Nov 11, 2010 | 3 | Nov 16, 2010 | 12 | Dec 3, 2010 | 15 |
| -6.44% | Aug 2, 2006 | 8 | Aug 14, 2006 | 14 | Sep 1, 2006 | 22 |
| -6.13% | Mar 6, 2008 | 2 | Mar 10, 2008 | 3 | Mar 13, 2008 | 5 |
| -6.09% | Dec 26, 2025 | 4 | Jan 2, 2026 | 2 | Jan 6, 2026 | 6 |
| -5.19% | Oct 15, 2007 | 5 | Oct 22, 2007 | 4 | Oct 26, 2007 | 9 |
| -4.89% | Sep 20, 2007 | 9 | Oct 3, 2007 | 5 | Oct 10, 2007 | 14 |
| -4.48% | Oct 8, 2025 | 1 | Oct 9, 2025 | 2 | Oct 13, 2025 | 3 |
| -3.80% | May 23, 2006 | 1 | May 24, 2006 | 1 | May 25, 2006 | 2 |
| -3.51% | Oct 31, 2007 | 1 | Nov 1, 2007 | 1 | Nov 2, 2007 | 2 |