GDX vs GLD

VanEck Gold Miners ETF against SPDR Gold Shares — live side-by-side technical comparison.

Prices as of 2026-11-09T21:00:00+00:00 UTC · updates daily

Who leads right now

GDX leads 7 of the 7 windows we measure — over 1 month GDX is +2.4% and GLD -1.3%; over year to date GDX is +6.6% and GLD -4.2%. The GDX/GLD price ratio stands at 0.241, above its 50-day average of 0.2323, and above the 200-day average of 0.2191. A ratio above its own average means GDX is gaining on GLD; on this reading the recent edge belongs to GDX.

GDX/GLD over the last year

GDX/GLD price ratio · dashed: its 50- and 200-day lines · ratio above its 50-day line = GDX gaining on GLD
0.1720.19810.22420.2503
Both rebased to 100 on 2025-11-07
100116.8139.5159.5GDXGLD
Ask
Compare GDX and GLD: which has been stronger over the last year, and where does each stand against its 200-day average? Ask the analyst about this pair →

Performance side by side

GDXGLD
Price$91.46 $379.53
1 day +4.4%lead +1.9%
5 days +15.6%lead +4.9%
1 month +2.4%lead -1.3%
6 months -3.3%lead -12.5%
Year to date +6.6%lead -4.2%
1 year +26.1%lead +3.0%
2 years +134.4%lead +53.1%
52-week position 46% of range 16% of range
52-week range $69.74–$117.18 $354.67–$509.70
vs 50-day average above $89.41 below $384.37
vs 200-day average above $90.09 below $410.85
RSI (14) 60 53
Next earnings — —

Where each one stands

GDX — VanEck Gold Miners ETF

GDX trades at $91.46, above its 50-day average of $89.41, and above the 200-day at $90.09. It sits at 46% of its 52-week range ($69.74–$117.18); 14-day RSI is 60, in neutral territory; an average session moves it about 4.0%. For levels, the first level overhead is $91.62 (0.2% away) and the first support below is $90.09 (1.5% down). On the checklist the page runs for every asset, 5 of 6 checks read bullish — the lean is bullish.

GLD — SPDR Gold Shares

GLD trades at $379.53, below its 50-day average of $384.37, and below the 200-day at $410.85. It sits at 16% of its 52-week range ($354.67–$509.70); 14-day RSI is 53, in neutral territory; an average session moves it about 1.8%. For levels, the first level overhead is $382.91 (0.9% away) and the first support below is $375.00 (1.2% down). On the checklist the page runs for every asset, 2 of 6 checks read bullish — the lean is bearish.

Which one moves harder

GDX is the more volatile of the two — an average session moves it 4.0% against 1.8% for GLD, so an identical position size carries roughly 2.2× the daily risk.

What would change the picture

The comparison turns on those levels: GDX clearing $91.62 or losing $90.09; GLD clearing $382.91 or losing $375.00. Until one of them gives way, the relative reading above stands.

Questions people ask about GDX vs GLD

Which is performing better right now, GDX or GLD?
Over the past month GDX is +2.4% and GLD is -1.3%, so GDX is ahead on that window. Year to date the figures are +6.6% for GDX and -4.2% for GLD.
Which has done better over the last year, GDX or GLD?
Over the last year GDX is +26.1% and GLD is +3.0%, so GDX is ahead on that window. Over two years it is +134.4% against +53.1%.
Is GDX or GLD more volatile?
GDX is the more volatile of the two — an average session moves it 4.0% against 1.8% for GLD, so an identical position size carries roughly 2.2× the daily risk.
What are the key levels for GDX and GLD?
GDX: resistance $91.62, support $90.09; GLD: resistance $382.91, support $375.00. Levels come from recent swing zones and round numbers, recomputed daily.
What does the GDX/GLD ratio mean?
It is simply GDX's price divided by GLD's — 0.241 today. When the ratio rises, GDX is outperforming; when it falls, GLD is. Comparing it to its own 50- and 200-day averages shows whether the current leadership is new or long-standing.

Full technical briefs

GDX →
VanEck Gold Miners ETF
Full technical brief: trend, levels, chart, news
GLD →
SPDR Gold Shares
Full technical brief: trend, levels, chart, news

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