All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

GDX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

GDX real return snapshot: after CPI-U inflation, GDX returned +51.71% over the past year and +14.49% YTD, with dividends reinvested. Since May 22, 2006, GDX is up +93.95% in real purchasing-power return, or +3.32%/yr, and is currently −14.53% below its real total-return high on Feb. 27, 2026.

Data ending Thu Sep. 3, 2026

Growth of $10,000

Mon 2006-05-22💬 to Thu 2026-09-03 Overall
Return
Exponential
Trendline
GDX
×
+93.95%
+3.32%/yr
−1.80%/yr
R2=0.069
VanEck Gold Miners ETF Exchange-Traded Fund

Growth of $10,000 Summary

Mon 2006-05-22💬 to Thu 2026-09-03 Start
Value
End
Value
GDX
×
$10,000.00
2006-05-22
$19,394.73
2026-09-03

This Year’s Performance

through 2026-09-03

  YTD YoY
GDX
×
+14.49% +51.71%

Drawdowns

  Current
Drawdown
Worst
Drawdown
GDX
×
−14.53%
on 2026-09-03
from 2026-02-27 peak
−81.40%
on 2016-01-19
from 2011-09-08 peak

Rolling Returns

Period ending Thu 2026-09-03 1 yr 2 yr 3 yr 5 yr 10 yr
GDX
×
+51.71% +160.89%
+61.52%/yr
+231.32%
+49.08%/yr
+167.05%
+21.71%/yr
+194.32%
+11.40%/yr

Annual Returns

Year GDX
2026 (YTD) +14.49%
2025 +148.14%
2024 +7.54%
2023 +6.41%
2022 −14.53%
2021 −15.47%
2020 +22.00%
2019 +36.69%
2018 −10.48%
2017 +9.67%
2016 +49.82%
2015 −25.26%
2014 −13.10%
2013 −54.70%
2012 −10.42%
2011 −18.51%
2010 +31.95%
2009 +33.10%
2008 −26.14%
2007 +12.17%
2006 +7.74%