GDX

The VanEck Gold Miners ETF (GDX) holds equities of companies that primarily extract and produce gold and silver, with most holdings located in North America—especially Canada and the United States—and additional exposure to Australia, South Africa and other mining regions. The fund tracks the NYSE Arca Gold Miners Index (a market‑cap‑weighted index) through a full‑replication strategy, giving investors diversified access to large‑ and mid‑cap miners worldwide. It is aimed at investors who want sector‑specific exposure to precious‑metal producers, often as a hedge against inflation or to add commodity‑linked equity risk to a broader portfolio, and who can tolerate the operational and price volatility typical of mining stocks.