GDX vs SGDM: Gold Miner ETFs Showdown
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
VanEcks GDX and Sprotts SGDM are popular gold miner ETFs, each with unique characteristics. GDX, with $28.2 billion in assets, offers broader exposure through 57 holdings, while SGDM, with $660 million, focuses on 39 holdings for a tighter focus. Both have similar costs and delivered around 107% gains over the past year. SGDM edges out GDX with a 0.9% dividend yield compared to GDXs 0.7%. GDX has a higher beta, indicating more potential swings, while SGDM offers smoother rides. GDXs larger size provides better liquidity for bigger trades, avoiding wider spreads. Both funds grew around 190% over five years, with max drops near 50%. Choose GDX for sector-wide pops and SGDM for steadier exposure to top gold miners, based on your risk tolerance and trade size.
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