VanEck Vectors Junior Gold Miners ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
10.6x P/Sales
ratio
1.5x
P/BV
ratio
1.0x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Junior Gold Miners ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Junior Gold Miners Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund's benchmark index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Nov 11, 2009
Assets (mns) $3,410
Currency USD
Expense ratio 53 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 78
Wgt avg mkt cap (mns) $2,285
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 50.0%
Small cap (<$2bn) 50.0%
Developed mkts 79.5%
Emerging mkts 20.5%

TOP TEN HOLDINGS
KINROSS GOLD CORP 6.3 %
NORTHERN STAR RESOURCES LTD 6.2 %
EVOLUTION MINING LTD 5.7 %
GOLD FIELDS LTD-SPONS ADR 4.7 %
PAN AMERICAN SILVER CORP 4.5 %
YAMANA GOLD INC 3.9 %
SIBANYE GOLD- SPON ADR 3.7 %
B2GOLD CORP. 3.6 %
SARACEN MINERAL HOLDINGS LTD 3.1 %
FRESNILLO PLC 2.6 %
Total 44.4 %

TOP COUNTRY EXPOSURE
CANADA 43.2 %
AUSTRALIA 22.8 %
SOUTH AFRICA 10.2 %
BRITAIN 7.6 %
UNITED STATES 2.6 %
PERU 2.3 %
MEXICO 1.4 %
CHINA 1.2 %
TURKEY 0.7 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-33.5% -11.1% 5.7% -10.0% -10.2%

Market Correlations
versus... Beta R-squared
S&P500 0.54 8%
MSCI EAFE 0.76 16%
MSCI Emg. Mkts. 0.72 21%

Technical Indicators
Recent close $28.10
30d moving avg. $35.16
Annualized volatility 28.7%
Short interest (ETF) 3.5%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 40,205
Turnover 33.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,361

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Junior Gold Miners ETF ETF based on the alternatives' overlap in portfolio holdings with GDXJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GDXJ Expense: 53 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GDXJ
Ticker Fund
Name
Overlap1
vs GDXJ
(%)
Expense
ratio
(bp)
Savings
vs GDXJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs GDXJ
(%)
GDX VanEck Vectors Gold Miners ETF 34.2 52 1 4.5 -0.6
GOEX Global X Gold Explorers ETF 26.2 65 -12 5.4 +0.3
SGDJ ALPS Sprott Junior Gold Miners ETF 19.7 50 3 4.5 -0.6
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 17.7 60 -7 4.7 -0.4
RING iShares MSCI Global Gold Miners ETF 12.2 39 14 5.3 +0.2
SIL Global X Silver Miners ETF 9.5 65 -12 3.7 -1.4
SGDM Sprott Gold Miners ETF 6.6 50 3 3.6 -1.5
SLVP iShares MSCI Global Silver Miners ETF 6.1 39 14 2.8 -2.2
AADR WCM/BNY Mellon Focused Growth ADR ETF 5.1 110 -57 4.9 -0.2
AFK VanEck Vectors Africa Index ETF 4.1 78 -25 4.6 -0.5
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 4.1 40 13 10.3 +5.3
SILJ ETFMG Prime Junior Silver ETF 3.2 69 -16 0.7 -4.3
EPU iShares MSCI All Peru Capped ETF 2.8 59 -6 8.0 +3.0
FAUS First Trust Australia AlphaDEX Fund 2.5 80 -27 10.6 +5.5
AVDV Avantis International Small Cap Value ETF 2.4 36 17 11.7 +6.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.4 80 -27 14.3 +9.3
XME SPDR S&P Metals & Mining ETF 2.3 35 18 13.0 +7.9
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 2.2 45 8 10.0 +5.0
EGPT VanEck Vectors Egypt Index ETF 2.0 98 -45 13.7 +8.6
IGE iShares North American Natural Resources ETF 1.5 46 7 6.2 +1.2
GRES IQ Global Resources ETF 1.5 77 -24 9.1 +4.1
ISDS Invesco Strategic Developed ex-US Small Company ETF 1.4 35 18 7.6 +2.6
GWX SPDR S&P International Small Cap ETF 1.3 40 13 7.8 +2.8
CHIM Global X China Materials ETF 1.2 65 -12 11.8 +6.8
HAP VanEck Vectors Natural Resources ETF 1.2 50 3 8.4 +3.3
SCHC Schwab International Small-Cap Equity ETF 1.1 12 41 9.1 +4.1
EWW iShares MSCI Mexico Capped ETF 1.0 49 4 11.2 +6.2
FLMX Franklin FTSE Mexico ETF 1.0 19 34 11.8 +6.8
SCZ iShares MSCI Eafe Small-Cap ETF 1.0 40 13 8.3 +3.3
WWJD Inspire International ESG ETF 1.0 80 -27 9.1 +4.1
FLAU Franklin FTSE Australia ETF 0.9 9 44 8.4 +3.3
RSXJ VanEck Vectors Russia Small-Cap ETF 0.9 76 -23 18.6 +13.5
PYZ Invesco DWA Basic Materials Momentum ETF 0.9 60 -7 7.2 +2.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.8 11 42 9.0 +3.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 4 9.0 +3.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.8 80 -27 11.6 +6.6
FKU First Trust United Kingdom AlphaDEX Fund 0.8 80 -27 12.7 +7.6
TUR iShares MSCI Turkey ETF 0.7 59 -6 23.1 +18.1
EWUS iShares MSCI United Kingdom Small Cap ETF 0.7 59 -6 10.7 +5.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.7 20 33 7.4 +2.4
AVEM Avantis Emerging Markets Equity ETF 0.6 33 20 11.6 +6.5
PIE Invesco DWA Emerging Markets Momentum ETF 0.6 90 -37 6.8 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 49 4 11.3 +6.3
FLLA Franklin FTSE Latin America ETF 0.6 19 34 9.3 +4.2
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.5 80 -27 18.9 +13.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 14 9.2 +4.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.5 25 28 9.7 +4.6
VIDI Vident International Equity Fund 0.5 59 -6 14.8 +9.7
BLES Inspire Global Hope Large Cap ETF 0.5 61 -8 8.1 +3.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.5 29 24 8.0 +2.9
AVDE Avantis International Equity ETF 0.4 23 30 10.0 +4.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 14 11.4 +6.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.4 45 8 8.5 +3.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.4 58 -5 7.6 +2.5
IWN iShares Russell 2000 Value ETF 0.4 24 29 9.7 +4.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.4 38 15 7.8 +2.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 0.4 64 -11 7.7 +2.6
VTWV Vanguard Russell 2000 Value Index Fund 0.4 15 38 9.8 +4.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.3 46 7 8.1 +3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 14 8.0 +3.0
IPAC iShares Core MSCI Pacific ETF 0.3 9 44 9.1 +4.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 0.3 19 34 8.5 +3.4
IDMO Invesco S&P International Developed Momentum ETF 0.3 25 28 5.6 +0.6
VAW Vanguard Materials Index Fund 0.3 10 43 8.4 +3.4
FMAT Fidelity MSCI Materials Index ETF 0.3 8 45 8.4 +3.4
VPL Vanguard FTSE Pacific ETF 0.3 8 45 9.6 +4.5
IWM iShares Russell 2000 ETF 0.2 19 34 5.3 +0.3
VTWO Vanguard Russell 2000 Index Fund 0.2 10 43 5.5 +0.4
DWAS Invesco DWA SmallCap Momentum ETF 0.2 60 -7 1.0 -4.1
IUSS Invesco Strategic US Small Company ETF 0.2 23 30 8.4 +3.4
DIM WisdomTree International MidCap Dividend Fund 0.2 58 -5 9.9 +4.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 49 4 10.2 +5.1
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -5 11.4 +6.3
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 0.2 43 10 11.5 +6.4
IEUS iShares MSCI Europe Small-Cap ETF 0.2 40 13 8.9 +3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 23 10.7 +5.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 14 6.0 +0.9
VGFO Virtus WMC Global Factor Opportunities ETF 0.2 49 4 7.4 +2.4
ISMD Inspire Small/Mid Cap Impact ETF 0.2 61 -8 7.1 +2.1
JPGE JPMorgan Diversified Return Global Equity ETF 0.2 29 24 9.0 +4.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.2 58 -5 7.6 +2.6
RNSC Small Cap US Equity Select ETF 0.2 60 -7 9.0 +3.9
VEA Vanguard FTSE Developed Markets ETF 0.2 5 48 9.2 +4.2
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 44 9.3 +4.2
VTWG Vanguard Russell 2000 Growth Index Fund 0.2 15 38 1.7 -3.3
IWO iShares Russell 2000 Growth ETF 0.2 24 29 1.5 -3.6
DNL WisdomTree Global ex-US Dividend Growth Fund 0.1 58 -5 9.3 +4.3
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 0.1 50 3 12.5 +7.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -12 8.6 +3.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 45 8 10.5 +5.4
IDV iShares International Select Dividend ETF 0.1 49 4 14.5 +9.4
VXUS Vanguard Total International Stock Index Fund 0.1 8 45 9.5 +4.4
VSGX Vanguard ESG International Stock ETF 0.1 17 36 8.9 +3.9
IDEV iShares Core MSCI International Developed Markets ETF 0.1 5 48 9.0 +3.9
IEFA iShares Core MSCI EAFE ETF 0.1 7 46 9.0 +3.9
QINT American Century Quality Diversified International ETF 0.1 39 14 7.4 +2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 30 23 12.2 +7.2
ISEM Invesco Strategic Emerging Markets ETF 0.1 35 18 11.8 +6.8
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 40 4.5 -0.6
IGRO iShares International Dividend Growth ETF 0.1 22 31 9.5 +4.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Junior Gold Miners ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.