2 Gold ETFs To Protect Against Inflation

GDX offers investors exposure to some of the largest gold mining companies in the world, thereby delivering what can be viewed as “indirect” exposure to gold. The performance of the stocks it holds generally has a strong correlation with movements in spot gold prices. But in certain environments, GDX stocks and physical gold prices can move in opposite directions.

The fund has $15.72 billion in AUM. Its top holdings include Newmont Corporation (NEM), with a 15.88% weighting, Barrick Gold Corporation (GOLD) at 11.85% and Franco-Nevada Corporation (FNV) with 7.77%. The fund’s 0.53% expense ratio is slightly higher than the 0.46% category average.

GDX pays a $0.19 annual dividend, which yields 0.5% on the prevailing price. The ETF’s average four-year dividend yield stands 0.6%. GDX has gained 20% over the past three months and 10.2% over the past year.

It’s no surprise that GDX has an overall B rating, which equates to Buy in our proprietary rating system. It has an A for Trade Grade, and a B for Buy & Hold Grade.

Click here to access GDX’s ratings for Peer Grade as well. GDX is ranked #9 in the Precious Metals ETFs group.

GLD shares were trading at $176.33 per share on Monday afternoon, up $0.29 (+0.16%). Year-to-date, GLD has declined -1.14%, versus a 12.68% rise in the benchmark S&P 500 index during the same period.

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