| GDX | |
|---|---|
| Total return | +273.0% |
| Annualised (CAGR) | +14.1% |
| Volatility (annualised) | +34.9% |
| Sharpe (rf = 0) | 0.40 |
| Deepest drawdown | -49.8% |
| Drawdown peak → trough | 2020-08-05 → 2022-09-26 |
Over the 10.0 years to 2026-09-21 the fund returned +273.0% in total (+14.1% a year), with a deepest drawdown of -49.8% from 2020-08-05 to 2022-09-26. Its worst calendar year was 2016 (-24.8%), its best 2025 (+154.7%).
| Year | GDX |
|---|---|
| 2026 | +10.1% |
| 2025 | +154.7% |
| 2024 | +10.6% |
| 2023 | +10.0% |
| 2022 | -9.0% |
| 2021 | -9.5% |
| 2020 | +23.7% |
| 2019 | +39.8% |
| 2018 | -8.8% |
| 2017 | +12.0% |
| 2016 | -24.8% |
It does not say GDX is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -49.8% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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