GDXJ(GDXJ)
AI Look-Through Summary
AI GeneratedGDXJ presents a distinct profile within the precious metals landscape, characterized by an exclusive focus on gold mining equities rather than broad commodity exposure. The fund's substantial asset base of $9 billion indicates significant liquidity and institutional interest in this specific niche. Concentration risk is notably elevated, with the top ten holdings accounting for approximately 40% of total assets under management; specifically, the largest single position represents a 7.0% weighting while the fourth-largest holds 5.5%. This heavy reliance on a small group of issuers suggests that portfolio performance will be highly correlated with the operational fortunes and stock price movements of these specific entities rather than being diversified across hundreds of smaller miners.
Geographic exposure is heavily skewed toward Australia, as evidenced by the presence of multiple Australian Securities Exchange tickers among the top holdings, including significant weights for EVN4 and MXP554091415. This regional tilt implies that macroeconomic factors specific to the Australian economy, such as local currency fluctuations or regulatory changes in the mining sector, will exert a disproportionate influence on the fund's trajectory compared to global peers with more balanced geographic distributions. The absence of clear market cap data for individual holdings prevents an assessment of whether these positions lean toward large-cap stability or small-cap volatility, but the sheer weight of the top three names alone underscores a lack of diversification within the sector itself.
Quantitatively, the fund operates as a leveraged proxy to gold price movements through equity exposure rather than direct commodity ownership, introducing unique risk parameters related to company-specific leverage and operational costs. The high concentration in the upper tier of holdings means that any adverse event affecting one or two of these major issuers could materially impact overall portfolio returns more sharply than in a broadly diversified basket. Investors analyzing this vehicle must weigh the potential for amplified sector gains against the heightened vulnerability stemming from limited issuer diversity and strong geographic clustering within the Australian mining landscape.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-19 20:34:32.574986+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The 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 CircleWhich 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 ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| GDXVanEck Gold Miners ETF | $28B | — | 38 | 81.4% |
| IXUSiShares Core MSCI Total International Stock ETF | $52B | — | 46 | 71.0% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 9 | 28.6% |
| SCHFSCHF | $57B | — | 6 | 21.8% |
| URTHiShares MSCI World ETF | $7B | — | 5 | 20.7% |
81% 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
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 20% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
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
Based on 20% 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. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside GDXJ collectively pay out 32% 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 9% 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
ProprietaryGDXJ is up 72.7% over the last 12 months. The underlying weighted earnings growth of its constituents is +150.7%. Despite earnings growth, valuations have contracted by 78.0% — 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 16% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of GDXJ's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of GDXJ's analyzed weight, 74% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 26% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 13% of fund weight with available data. Not investment advice.
Passive Crowding Score
LOWHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
GDXJ has a low Passive Crowding Score of 9/100. On average, 2.7% 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
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | 697900108 | Pan American Silver Corp | 6.98% | — | — |
| 2 | 011532108 | Alamos Gold Inc | 6.32% | — | — |
| 3 | 192108504 | Coeur Mining Inc | 5.75% | — | — |
| 4 | 29446Y502 | Equinox Gold Corp | 5.49% | — | — |
| 5 | 780287108 | Royal Gold Inc | 4.97% | — | — |
| 6 | MXP554091415 | Industrias Penoles SAB de CV | 3.06% | 12.5x | 8/9 |
| 7 | AU000000EVN4 | Evolution Mining Ltd | 2.69% | 18.4x | — |
| 8 | GB00BL6K5J42 | Endeavour Mining PLC | 2.62% | 17.9x | 8/9 |
| 9 | 422704106 | Hecla Mining Co | 2.52% | — | — |
| 10 | 450913108 | IAMGOLD Corp | 2.48% | — | — |
| 11 | 413216300 | Harmony Gold Mining Co Ltd | 2.40% | — | — |
| 12 | 32076V103 | First Majestic Silver Corp | 2.24% | — | — |
| 13 | 550371108 | Lundin Gold Inc | 2.06% | — | — |
| 14 | 644535106 | New Gold Inc | 1.99% | — | — |
| 15 | CNE1000004R6 | Zhaojin Mining Industry Co Ltd | 1.80% | 27.1x | 6/9 |
Historical Holdings Snapshots
Browse how GDXJ’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 53.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 697900108 | 6.98% | 12,672,949 | $656.6M |
| 2 | 011532108 | 6.32% | 15,397,112 | $594.0M |
| 3 | 192108504 | 5.75% | 30,339,603 | $541.0M |
| 4 | 29446Y502 | 5.49% | 36,757,359 | $516.1M |
| 5 | 780287108 | 4.97% | 2,103,308 | $467.5M |
| 6 | MXP554091415 | 3.06% | 5,462,363 | $287.6M |
| 7 | AU000000EVN4 | 2.69% | 30,279,754 | $253.2M |
| 8 | GB00BL6K5J42 | 2.62% | 4,728,449 | $246.5M |
| 9 | 422704106 | 2.52% | 12,343,333 | $236.9M |
| 10 | 450913108 | 2.48% | 14,130,659 | $233.0M |
| 11 | 413216300 | 2.40% | 11,357,565 | $226.0M |
| 12 | 32076V103 | 2.24% | 12,637,758 | $210.5M |
| 13 | 550371108 | 2.06% | 2,329,257 | $193.7M |
| 14 | 644535106 | 1.99% | 21,528,056 | $187.5M |
| 15 | CNE1000004R6 | 1.80% | 42,968,200 | $169.6M |
2026-05-23
15 holdings · 53.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 697900108 | 6.98% | 12,672,949 | $656.6M |
| 2 | 011532108 | 6.32% | 15,397,112 | $594.0M |
| 3 | 192108504 | 5.75% | 30,339,603 | $541.0M |
| 4 | 29446Y502 | 5.49% | 36,757,359 | $516.1M |
| 5 | 780287108 | 4.97% | 2,103,308 | $467.5M |
| 6 | MXP554091415 | 3.06% | 5,462,363 | $287.6M |
| 7 | AU000000EVN4 | 2.69% | 30,279,754 | $253.2M |
| 8 | GB00BL6K5J42 | 2.62% | 4,728,449 | $246.5M |
| 9 | 422704106 | 2.52% | 12,343,333 | $236.9M |
| 10 | 450913108 | 2.48% | 14,130,659 | $233.0M |
| 11 | 413216300 | 2.40% | 11,357,565 | $226.0M |
| 12 | 32076V103 | 2.24% | 12,637,758 | $210.5M |
| 13 | 550371108 | 2.06% | 2,329,257 | $193.7M |
| 14 | 644535106 | 1.99% | 21,528,056 | $187.5M |
| 15 | CNE1000004R6 | 1.80% | 42,968,200 | $169.6M |
2026-05-22
15 holdings · 53.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 697900108 | 6.98% | 12,672,949 | $656.6M |
| 2 | 011532108 | 6.32% | 15,397,112 | $594.0M |
| 3 | 192108504 | 5.75% | 30,339,603 | $541.0M |
| 4 | 29446Y502 | 5.49% | 36,757,359 | $516.1M |
| 5 | 780287108 | 4.97% | 2,103,308 | $467.5M |
| 6 | MXP554091415 | 3.06% | 5,462,363 | $287.6M |
| 7 | AU000000EVN4 | 2.69% | 30,279,754 | $253.2M |
| 8 | GB00BL6K5J42 | 2.62% | 4,728,449 | $246.5M |
| 9 | 422704106 | 2.52% | 12,343,333 | $236.9M |
| 10 | 450913108 | 2.48% | 14,130,659 | $233.0M |
| 11 | 413216300 | 2.40% | 11,357,565 | $226.0M |
| 12 | 32076V103 | 2.24% | 12,637,758 | $210.5M |
| 13 | 550371108 | 2.06% | 2,329,257 | $193.7M |
| 14 | 644535106 | 1.99% | 21,528,056 | $187.5M |
| 15 | CNE1000004R6 | 1.80% | 42,968,200 | $169.6M |
2026-05-21
15 holdings · 53.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 697900108 | 6.98% | 12,672,949 | $656.6M |
| 2 | 011532108 | 6.32% | 15,397,112 | $594.0M |
| 3 | 192108504 | 5.75% | 30,339,603 | $541.0M |
| 4 | 29446Y502 | 5.49% | 36,757,359 | $516.1M |
| 5 | 780287108 | 4.97% | 2,103,308 | $467.5M |
| 6 | MXP554091415 | 3.06% | 5,462,363 | $287.6M |
| 7 | AU000000EVN4 | 2.69% | 30,279,754 | $253.2M |
| 8 | GB00BL6K5J42 | 2.62% | 4,728,449 | $246.5M |
| 9 | 422704106 | 2.52% | 12,343,333 | $236.9M |
| 10 | 450913108 | 2.48% | 14,130,659 | $233.0M |
| 11 | 413216300 | 2.40% | 11,357,565 | $226.0M |
| 12 | 32076V103 | 2.24% | 12,637,758 | $210.5M |
| 13 | 550371108 | 2.06% | 2,329,257 | $193.7M |
| 14 | 644535106 | 1.99% | 21,528,056 | $187.5M |
| 15 | CNE1000004R6 | 1.80% | 42,968,200 | $169.6M |
2026-05-20
15 holdings · 53.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 697900108 | 6.98% | 12,672,949 | $656.6M |
| 2 | 011532108 | 6.32% | 15,397,112 | $594.0M |
| 3 | 192108504 | 5.75% | 30,339,603 | $541.0M |
| 4 | 29446Y502 | 5.49% | 36,757,359 | $516.1M |
| 5 | 780287108 | 4.97% | 2,103,308 | $467.5M |
| 6 | MXP554091415 | 3.06% | 5,462,363 | $287.6M |
| 7 | AU000000EVN4 | 2.69% | 30,279,754 | $253.2M |
| 8 | GB00BL6K5J42 | 2.62% | 4,728,449 | $246.5M |
| 9 | 422704106 | 2.52% | 12,343,333 | $236.9M |
| 10 | 450913108 | 2.48% | 14,130,659 | $233.0M |
| 11 | 413216300 | 2.40% | 11,357,565 | $226.0M |
| 12 | 32076V103 | 2.24% | 12,637,758 | $210.5M |
| 13 | 550371108 | 2.06% | 2,329,257 | $193.7M |
| 14 | 644535106 | 1.99% | 21,528,056 | $187.5M |
| 15 | CNE1000004R6 | 1.80% | 42,968,200 | $169.6M |
2026-05-19
15 holdings · 53.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 697900108 | 6.98% | 12,672,949 | $656.6M |
| 2 | 011532108 | 6.32% | 15,397,112 | $594.0M |
| 3 | 192108504 | 5.75% | 30,339,603 | $541.0M |
| 4 | 29446Y502 | 5.49% | 36,757,359 | $516.1M |
| 5 | 780287108 | 4.97% | 2,103,308 | $467.5M |
| 6 | MXP554091415 | 3.06% | 5,462,363 | $287.6M |
| 7 | AU000000EVN4 | 2.69% | 30,279,754 | $253.2M |
| 8 | GB00BL6K5J42 | 2.62% | 4,728,449 | $246.5M |
| 9 | 422704106 | 2.52% | 12,343,333 | $236.9M |
| 10 | 450913108 | 2.48% | 14,130,659 | $233.0M |
| 11 | 413216300 | 2.40% | 11,357,565 | $226.0M |
| 12 | 32076V103 | 2.24% | 12,637,758 | $210.5M |
| 13 | 550371108 | 2.06% | 2,329,257 | $193.7M |
| 14 | 644535106 | 1.99% | 21,528,056 | $187.5M |
| 15 | CNE1000004R6 | 1.80% | 42,968,200 | $169.6M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove GDXJ Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Top Contributors
Top Detractors
Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.
Technical Setup
AI GeneratedThe 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.
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.
Yield & Income
Sector Drift Over Time
How GDXJ’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
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.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($9.60B) 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: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.