VanEck GDX Tops Sprott SGDM on 10-Year Returns as Gold Rally Lifts Both ETFs
Updated
Updated · The Motley Fool · Aug 24
VanEck GDX Tops Sprott SGDM on 10-Year Returns as Gold Rally Lifts Both ETFs
3 articles · Updated · The Motley Fool · Aug 24
Summary
GDX edged out SGDM in the latest comparison, with annualized returns of 34.8% over three years, 17.9% over five, and 10.4% over 10 years, leading the report to favor VanEck for long-term investors.
The gap comes despite SGDM's lower 0.46% expense ratio versus 0.51% for GDX and its higher 1.0% dividend yield versus 0.6%, while one-year returns were close at 70.8% and 72.5%.
Scale and portfolio design also differ sharply: GDX holds 59 global miners and manages $31.0 billion, while SGDM holds 48 U.S.- and Canada-focused names with $0.7 billion in assets.
Both funds remain tightly tied to gold's surge—up more than 100% since early 2024—but miners are not a pure bullion play and both ETFs are still down this year, with GDX off 13.7% and SGDM 14.5%.