VanEck Vectors Jr. Gold Miners
ALTAR
Score™
2.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
20.8x P/Sales
ratio
1.7x
P/BV
ratio
1.2x Div.
yield
0.9%


  • 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) $4,377
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 72
Wgt avg mkt cap (mns) $2,673
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 54.2%
Small cap (<$2bn) 45.9%
Developed mkts 79.7%
Emerging mkts 20.3%

TOP TEN HOLDINGS
KINROSS GOLD CORP 5.6 %
EVOLUTION MINING LTD 5.0 %
PAN AMERICAN SILVER CORP 4.8 %
SIBANYE GOLD- SPON ADR 4.5 %
GOLD FIELDS LTD-SPONS ADR 4.3 %
CIA DE MINAS BUENAVENTUR-ADR 4.1 %
NORTHERN STAR RESOURCES LTD 4.1 %
YAMANA GOLD INC 4.0 %
B2GOLD CORP 3.2 %
DETOUR GOLD CORP 2.8 %
Total 42.4 %

TOP COUNTRY EXPOSURE
CANADA 52.2 %
AUSTRALIA 19.6 %
SOUTH AFRICA 10.9 %
BRITAIN 4.6 %
PERU 4.1 %
UNITED STATES 3.4 %
MEXICO 2.3 %
CHINA 0.9 %
TURKEY 0.8 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
29.7% 44.2% 11.4% -- -7.6%

Market Correlations
versus... Beta R-squared
S&P500 -0.24 1%
MSCI EAFE 0.22 1%
MSCI Emg. Mkts. 0.50 7%

Technical Indicators
Recent close $36.33
30d moving avg. $37.52
Annualized volatility 27.9%
Short interest (ETF) 15.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 14,443
Turnover 12.0%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $573

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors Jr. Gold Miners 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™: 2.6%


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
(%)
GOEX Global X Gold Explorers 41.3 65 -12 2.5 -0.1
GDX VanEck Vectors Gold Miners ETF 40.5 52 1 2.5 -0.0
RING iShares MSCI Global Gold Miners 31.5 39 14 3.0 +0.4
SLVP iShares MSCI Global Silver Miners 27.0 39 14 0.6 -1.9
SGDM Sprott Gold Miners 24.3 50 3 2.9 +0.3
GOAU U.S. Global GO GOLD and Precious Metal Miners 24.1 60 -7 3.8 +1.3
SGDJ ALPS Sprott Junior Gold Miners 23.7 50 3 2.2 -0.3
SIL Global X Silver Miners ETF 23.2 65 -12 2.0 -0.6
SILJ ETFMG Prime Junior Silver 20.8 69 -16 -0.7 -3.3
EPU iShares MSCI All Peru Capped 8.3 59 -6 4.4 +1.8
ARGT Global X FTSE Argentina 20 5.8 59 -6 6.0 +3.4
AGT iShares MSCI Argentina & Global Exposure 5.7 59 -6 6.0 +3.4
DOGS Arrow Dogs of the World 5.3 164 -111 8.0 +5.4
AADR WCM/BNY Mellon Focused Growth 4.9 110 -57 3.1 +0.5
AFK VanEck Vectors Africa 3.5 78 -25 7.4 +4.9
ISCF iShares FactorSelect MSCI Intl Small-Cap 3.4 40 13 7.1 +4.5
AIIQ AI Powered International Equity 3.0 79 -26 4.4 +1.9
XME SPDR Metals & Mining ETF 3.0 35 18 2.6 +0.0
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 2.7 80 -27 9.3 +6.8
SCHC Schwab Intl Small-Cap Equity 2.6 12 41 6.6 +4.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 Jr. Gold Miners
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.54
 
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.