Own the VanEck Gold Miners ETF (ASX:GDX)? Here’s what you’re invested in

Here are some of the ETF’s largest holdings

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Key points

  • The VanEck Gold Miners ETF has outperformed the ASX benchmark index by around 28% in 2022 so far 
  • It has gained more than 20% while the ASX 200 has tumbled around 7% 
  • Here is a breakdown of the gold mining shares 0wned by the ETF 

The VanEck Gold Miners ETF (ASX: GDX) has significantly outperformed Australia’s benchmark index in 2022 so far.

It has gained an impressive 20.5% since the start of this year, compared to the S&P/ASX 200 Index‘s (ASX: XJO) 7.3% tumble.

It has also outperformed the S&P/ASX All Ords Gold Index (ASX: XGD) by around 9%.

Right now, a slice of the VanEck Gold Miners ETF will set an investor back $52.40.

So, what stocks has the exchange traded fund (ETF) snapped up to outperform the broader market and the gold sector in 2022? Let’s take a look.

Here’s what makes up VanEck Gold Miners ETF’s portfolio

As the name suggests, the VanEck Gold Miners ETF is made up of stocks involved in the gold mining industry.

Its biggest holding is Newmont Corporation (NYSE: NEM) shares. Stock in the US$61.7 billion gold miner make up 17% of the ETF’s portfolio, as of 4 March.

Its second largest investment is Barrick Gold Corp (NYSE: GOLD), making up 12%.

Franco Nevada Corp (NYSE: FNV), Agnico Eagle Mines Ltd (NYSE: AEM), and Wheaton Precious Metals Corp (NYSE: WPM) each make up between 6% and 9% of the ETF’s holdings.

One Aussie gold miner has managed to squeeze into a crowning position in the VanEck Gold Miners ETF. Newcrest Mining Ltd (ASX: NCM) shares represent 4.6% of its portfolio.

It also owns Northern Star Resources Ltd (ASX: NST), Evolution Mining Ltd (ASX: EVN) – they sit at 2.5% and 1.9% of its holdings respectively.

Less than 1% of its holdings are dedicated to ASX gold miners Perseus Mining Limited (ASX: PRU), Silver Lake Resources Limited. (ASX: SLR), Regis Resources Limited (ASX: RRL), Gold Road Resources Ltd (ASX: GOR), Capricorn Metals Ltd (ASX: CMM), Ramelius Resources Limited (ASX: RMS), and West African Resources Ltd (ASX: WAF).

Should you invest $1,000 in VanEck Gold Miners ETF right now?

Before you consider VanEck Gold Miners ETF , you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and VanEck Gold Miners ETF wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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