ETF · Broad Market

GDXJ(GDXJ)

$92.20
-0.49%
Expense Ratio
$9.0B
Total AUM
Holdings
Inception
Active Share vs VOO
Truly Active
0%20%60%100%
100.3%

AI Look-Through Summary

AI Generated

The portfolio is heavily concentrated in smaller-cap and mid-cap gold miners, with a significant tilt towards junior producers. The sector allocation is primarily made up of Other, which suggests that the fund holds a mix of companies not categorized under traditional sectors such as Technology or Healthcare. This focus on gold mining companies gives the fund an exposure to the precious metals space, which can be sensitive to macroeconomic conditions.

The concentration risk in GDXJ is evident from its top holdings, with no single stock accounting for more than 7.1% of the portfolio. However, the sector mix diverges significantly from the broader market, where gold miners typically account for a smaller proportion of overall market capitalization. A favorable environment for this portfolio would be one characterized by rising gold prices or increased investor interest in precious metals, while a decrease in gold prices or a shift towards more defensive sectors could be unfavorable.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 08:48:40.11814+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 45/100

The investment theme implied by the ticker GDXJ is typically associated with junior gold miners, yet the provided top holdings list consists entirely of alphanumeric identifiers without corresponding company names or recognizable tickers. This lack of transparency makes it impossible to verify if the portfolio actually contains small-cap exploration companies as suggested by its branding, or if these codes represent a broad basket of unrelated assets masquerading under a thematic label. Without specific entity identification, any claim that the fund maintains a strict focus on junior mining equities remains unverified, creating significant ambiguity regarding whether the underlying strategy aligns with investor expectations for high-risk, niche exposure rather than generic market participation.

Concentration risk appears elevated given that the top ten positions account for nearly 43% of assets under management, suggesting a reliance on a few large holdings to drive performance despite the fund's likely thematic intent. Sector coherence cannot be assessed because the data fails to disclose industry classifications or weightings, leaving open the possibility that the portfolio is diversified across unrelated sectors rather than concentrated within precious metals mining. Consequently, it remains unclear whether this vehicle offers genuine differentiation from broad-market indices through a specialized lens, or if its structure relies on opaque positioning that obscures true sector exposure and risk profile for potential investors.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 10:29:00.975917+00

Flow Driver Analysis

2-Step Circle

Which larger ETFs share GDXJ's holdings — and mechanically drive its price through index rebalancing flows?

Approximately 100% of GDXJ's weight flows through these larger ETFs

Driver ETFAUMExpenseShared StocksWeight Overlap
GDXVanEck Gold Miners ETF$28B3979.0%
IXUSiShares Core MSCI Total International Stock ETF$52B4873.8%
ACWIiShares MSCI ACWI ETF$28B834.4%
SCHFSCHF$57B522.9%
IEFAiShares Core MSCI EAFE ETF$170B1822.3%

79% of GDXJ's portfolio by weight is also held by GDX, which commands 3× more assets under management. When GDX receives inflows, it mechanically buys these shared stocks — dragging GDXJ's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofGDXJ's weight.

Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.

ETF Look-Through Dashboard

Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.

15.3x
Weighted P/E
715.74x
Weighted P/B
$920B
Wtd Avg Market Cap

Weighted metrics calculated based on 26% of fund assets with available data.

Herfindahl-Hirschman Concentration Index

01000200030004000299
Well Diversified
Top 5: 32.5%Top 10: 44.6%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Large Blend

Sector & Cap Explorer

Visualization Mode

ETF Fundamental Radar

Total Analysis
21% Weight
Market Cap
Large
Risk Profile
Low Risk

Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.

Piotroski F-Score (Operational Health)

Score 0-9: Measures Profitability, Leverage, and Efficiency

↑ Weight (%)100%80%60%40%20%
2%
0–3 Weak
9%
4–6 Average
10%
7–9 Strong

Based on 21% of fund weight with Piotroski data.

Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.

Dividend Safety True-Up

Deterministic
28%
Wtd FCF Payout Ratio
TTM Yield
Very Safe
Dividend Durability
28% of FCF
0% (retains all cash)50%100% (pays out everything)

The dividend-paying companies inside GDXJ collectively pay out 28% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 11% of fund weight in dividend-paying stocks.

FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.

Earnings vs. Price Decomposition

Proprietary
+42.5%
ETF 1Y Return
+194.6%
Wtd Earnings Growth
-152.1%
Multiple Contraction
Earnings

GDXJ is up 42.5% over the last 12 months. The underlying weighted earnings growth of its constituents is +194.6%. Despite earnings growth, valuations have contracted by 152.1% — the market is paying less per dollar of earnings than a year ago.

Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 17% of fund weight with earnings data. Not investment advice.

Value Creation Map

ROIC vs WACC

What percentage of GDXJ's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?

81% Creators
Value Creators (ROIC > WACC)12.1%
Value Destroyers2.9%

Of GDXJ's analyzed weight, 81% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 19% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.

ROIC-WACC spread for 15% of fund weight with available data. Not investment advice.

Passive Crowding Score

LOW

How much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.

13/ 100
Wtd Avg Passive Ownership4.0%
Most Crowded HoldingGB00BL6K5J42 (6.9%)
Least CrowdedID1000117609 (0.0%)
Coverage27% of fund weight
0 — Low255075100 — Extreme

GDXJ has a low Passive Crowding Score of 13/100. On average, 4.0% of the market capitalization of GDXJ's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.

Passive $ = Σ(ETF AUM × holding weight) across all 6 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.

Under the Hood — Top 15 Constituents

Top 10 Concentration44.6%
#TickerCompanyWeightP/EF-Score
1011532108
Alamos Gold Inc
7.13%
2192108504
Coeur Mining Inc
6.68%
329446Y502
Equinox Gold Corp
6.64%
4GB00BL6K5J42
Endeavour Mining PLC
6.05%
14.1x8/9
5AU000000EVN4
Evolution Mining Ltd
6.01%
17.6x
632076V103
First Majestic Silver Corp
2.82%
7MXP554091415
Industrias Penoles SAB de CV
2.41%
9.5x8/9
8450913108
IAMGOLD Corp
2.37%
9422704106
Hecla Mining Co
2.27%
10550371108
Lundin Gold Inc
2.26%
11CNE1000004R6
Zhaojin Mining Industry Co Ltd
2.00%
27.1x6/9
12675222400
OceanaGold Corp
1.90%
13204448104
Cia de Minas Buenaventura SAA
1.83%
14413216300
Harmony Gold Mining Co Ltd
1.78%
1536270K102
G Mining Ventures Corp
1.59%
The bottom 99 stocks in GDXJ account for only 46.3% of the total fund weight.Only the top 50 holdings are shown. Total holdings: 114.

Historical Holdings Snapshots

Browse how GDXJ’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.

2026-07-17

15 holdings · 53.7% tracked weight
#TickerWeightSharesMarket Value
10115321087.13%14,487,486$643.7M
21921085046.68%32,110,255$602.7M
329446Y5026.64%41,422,499$599.0M
4GB00BL6K5J426.05%9,095,751$546.0M
5AU000000EVN46.01%60,657,802$542.2M
632076V1032.82%11,840,539$254.3M
7MXP5540914152.41%4,930,813$217.7M
84509131082.37%11,358,350$213.8M
94227041062.27%10,969,793$204.4M
105503711082.26%2,679,738$204.1M
11CNE1000004R62.00%43,354,200$180.1M
126752224001.90%5,466,517$171.8M
132044481041.83%4,570,944$164.7M
144132163001.78%10,420,758$160.2M
1536270K1021.59%4,095,242$143.3M

2026-07-16

15 holdings · 53.7% tracked weight
#TickerWeightSharesMarket Value
10115321087.13%14,487,486$643.7M
21921085046.68%32,110,255$602.7M
329446Y5026.64%41,422,499$599.0M
4GB00BL6K5J426.05%9,095,751$546.0M
5AU000000EVN46.01%60,657,802$542.2M
632076V1032.82%11,840,539$254.3M
7MXP5540914152.41%4,930,813$217.7M
84509131082.37%11,358,350$213.8M
94227041062.27%10,969,793$204.4M
105503711082.26%2,679,738$204.1M
11CNE1000004R62.00%43,354,200$180.1M
126752224001.90%5,466,517$171.8M
132044481041.83%4,570,944$164.7M
144132163001.78%10,420,758$160.2M
1536270K1021.59%4,095,242$143.3M

2026-07-15

15 holdings · 53.7% tracked weight
#TickerWeightSharesMarket Value
10115321087.13%14,487,486$643.7M
21921085046.68%32,110,255$602.7M
329446Y5026.64%41,422,499$599.0M
4GB00BL6K5J426.05%9,095,751$546.0M
5AU000000EVN46.01%60,657,802$542.2M
632076V1032.82%11,840,539$254.3M
7MXP5540914152.41%4,930,813$217.7M
84509131082.37%11,358,350$213.8M
94227041062.27%10,969,793$204.4M
105503711082.26%2,679,738$204.1M
11CNE1000004R62.00%43,354,200$180.1M
126752224001.90%5,466,517$171.8M
132044481041.83%4,570,944$164.7M
144132163001.78%10,420,758$160.2M
1536270K1021.59%4,095,242$143.3M

2026-07-14

15 holdings · 53.7% tracked weight
#TickerWeightSharesMarket Value
10115321087.13%14,487,486$643.7M
21921085046.68%32,110,255$602.7M
329446Y5026.64%41,422,499$599.0M
4GB00BL6K5J426.05%9,095,751$546.0M
5AU000000EVN46.01%60,657,802$542.2M
632076V1032.82%11,840,539$254.3M
7MXP5540914152.41%4,930,813$217.7M
84509131082.37%11,358,350$213.8M
94227041062.27%10,969,793$204.4M
105503711082.26%2,679,738$204.1M
11CNE1000004R62.00%43,354,200$180.1M
126752224001.90%5,466,517$171.8M
132044481041.83%4,570,944$164.7M
144132163001.78%10,420,758$160.2M
1536270K1021.59%4,095,242$143.3M

2026-07-13

15 holdings · 53.7% tracked weight
#TickerWeightSharesMarket Value
10115321087.13%14,487,486$643.7M
21921085046.68%32,110,255$602.7M
329446Y5026.64%41,422,499$599.0M
4GB00BL6K5J426.05%9,095,751$546.0M
5AU000000EVN46.01%60,657,802$542.2M
632076V1032.82%11,840,539$254.3M
7MXP5540914152.41%4,930,813$217.7M
84509131082.37%11,358,350$213.8M
94227041062.27%10,969,793$204.4M
105503711082.26%2,679,738$204.1M
11CNE1000004R62.00%43,354,200$180.1M
126752224001.90%5,466,517$171.8M
132044481041.83%4,570,944$164.7M
144132163001.78%10,420,758$160.2M
1536270K1021.59%4,095,242$143.3M

2026-07-12

15 holdings · 53.7% tracked weight
#TickerWeightSharesMarket Value
10115321087.13%14,487,486$643.7M
21921085046.68%32,110,255$602.7M
329446Y5026.64%41,422,499$599.0M
4GB00BL6K5J426.05%9,095,751$546.0M
5AU000000EVN46.01%60,657,802$542.2M
632076V1032.82%11,840,539$254.3M
7MXP5540914152.41%4,930,813$217.7M
84509131082.37%11,358,350$213.8M
94227041062.27%10,969,793$204.4M
105503711082.26%2,679,738$204.1M
11CNE1000004R62.00%43,354,200$180.1M
126752224001.90%5,466,517$171.8M
132044481041.83%4,570,944$164.7M
144132163001.78%10,420,758$160.2M
1536270K1021.59%4,095,242$143.3M

Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.

Risk Profile

41.5%
Annual Volatility
0.81
Sharpe (1Y)
0.87
Sharpe (3Y)
-40.7%
Max Drawdown (3Y)
-51.8%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.

Price Chart with Moving Averages

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What Drove GDXJ Today?

Daily return attribution — which holdings contributed most (and least) to the fund's move.

Fund move:-0.49%(2026-07-17)

Top Contributors

Top Detractors

Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.

Technical Setup

AI Generated

The current price of GDXJ at $112.21 serves as the baseline for evaluating its immediate momentum and trend status, though specific moving average values are not provided to confirm whether the asset is trading above or below these key benchmarks without further data points. In the absence of explicit average figures, the primary observation relies on the raw price level itself acting as a reference point against which future fluctuations will be measured. To assess short-term momentum, one would typically examine the Relative Strength Index (RSI), yet no RSI value is included in the current dataset to indicate whether the security is experiencing overbought or oversold conditions. Consequently, while the price sits at $112.21, a definitive characterization of trend direction or immediate speed requires additional technical metrics that are currently missing from this summary. This limited data snapshot prevents a comprehensive conclusion regarding the strength of the prevailing trend or the potential for near-term reversal based on oscillator readings. Without knowing if recent prices have been consistently higher or lower than their historical averages, it remains unclear whether the $112.21 level represents a continuation of an upward trajectory or a correction within a broader range. Similarly, lacking RSI data means there is no factual basis to suggest that momentum is accelerating into exhaustion or gathering strength from oversold territory. Any interpretation of market sentiment must therefore remain tentative until supplementary indicators such as moving average positions and oscillator levels are established to provide context for the current price action.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Yield & Income

TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

How GDXJ’s sector allocation has shifted across snapshots. Use the slider to travel through time.

2026-07-1791 snapshots
Other100.0%
2026-03-312026-07-17

Active Conviction Tracker

Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.

No position changes detected between snapshots.

AUM & Capital Flow Tracker

Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.

Total Net Assets
$9.18B
Est. AUM Change (90d)
$-4.65B
Price Change (90d)
-33.64%
Filing Snapshots
2
03-1003-3104-2205-1306-0406-2607-17$9.18B$11.50B$13.83B
Estimated AUMTNA Filing Date

Estimated AUM derived from the latest SEC N-PORT filing TNA ($9.18B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).

Explore More

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-17.

SecuritiesDB is for informational purposes only. Not investment advice.