Updated Reviewed quarterly
GDX vs GLD: ETF Comparison
GDX · VanEck
TER 0.51% · Yield —
GLD · State Street
TER 0.40% · Yield —
Both GDX and GLD are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: GDX (VanEck Gold Miners ETF, VanEck) trades on the NYSE Arca at 0.51% TER. GLD (SPDR Gold Shares, State Street) trades on the NYSE Arca at 0.40% TER. Both GDX and GLD are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- GDX: VanEck Gold Miners ETF — 0.51% TER, FIF above NZ$50K
- GLD: SPDR Gold Shares — 0.40% TER, FIF above NZ$50K
- GDX yield: not currently published
- GLD yield: not currently published
- Cheaper TER: GLD
Head-to-head comparison
| Feature | GDX | GLD |
|---|---|---|
| Fund | VanEck Gold Miners ETF | SPDR Gold Shares |
| Issuer | VanEck | State Street |
| Exchange | NYSE Arca | NYSE Arca |
| Total expense ratio | 0.51% | 0.40% |
| Dividend yield (TTM) | — | — |
| Distribution frequency | Annual | None |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
GDX trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. GLD trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between GDX and GLD?▾
GDX (VanEck Gold Miners ETF) charges 0.51% TER vs GLD (SPDR Gold Shares) at 0.40%. GDX is from VanEck; GLD is from State Street. Both GDX and GLD are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, GDX or GLD?▾
GLD is cheaper at 0.40% TER vs GDX at 0.51% — a gap of 0.11 percentage points.
Which yields more, GDX or GLD?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for GDX, FIF above NZ$50K for GLD).
Can NZ residents buy both GDX and GLD?▾
Yes. GDX is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. GLD is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between GDX and GLD?▾
GDX is FIF above NZ$50K. GLD is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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