US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
VanEck GDX VanEck Gold Miners ETF
Tracks the NYSE Arca Gold Miners Index — large + mid-cap gold mining companies globally (Newmont, Barrick, Agnico Eagle, etc).
Updated Reviewed quarterly
About this fund
What is GDX?
GDX is the US-listed ticker for VanEck Gold Miners ETF, issued by VanEck. Tracks the NYSE Arca Gold Miners Index — large + mid-cap gold mining companies globally (Newmont, Barrick, Agnico Eagle, etc). TER is 0.51% per year, with a trailing 12-month distribution yield of approximately 1.2%. Distributions are paid annual.
Next typical distribution: December.GDX typically pays in Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy GDX from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Hatch Hatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 Stake Stake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive Brokers Interactive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is GDX taxed for NZ investors?
GDX is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000 (source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
US dividends carry 15% (source) withholding under the NZ–US tax treaty (file W-8BEN; default rate without it is 30% (source) ). The withheld amount can be claimed as a foreign tax credit on your IR3.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to GDX
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| FNZ | NZ Top 50 (FNZ) Smartshares · NZX | 0.52% | 3.8% | Quarterly | PIE | GDX vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · NZX | 0.29% | 3.2% | Quarterly | PIE | GDX vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | — | Quarterly | PIE | GDX vs TNZ |
| MZY | NZ Mid Cap (MZY) Smartshares · NZX | 0.75% | — | Quarterly | PIE | GDX vs MZY |
| KSC | Kernel NZ 20 (KSC) Kernel · NZX | 0.25% | — | Quarterly | PIE | GDX vs KSC |
Distribution history
Last 12 distributions — GDX
GDX typically distributes dec. Per-payment history (amount + ex-date + payment date for the last 12 distributions) is published authoritatively on the issuer's own fact sheet and corporate-actions page. We do not yet aggregate per-payment history into the canonical dataset on this site — that work is gated on the live-data-feed roadmap item (#42 in our roadmap).
Next typical distribution month: December. The exact ex-date and payment date are set by VanEck — verify on the issuer source below before relying on a specific date.
Authoritative sources for distribution history
- VanEck GDX product page — corporate actions + distribution announcements
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about GDX
What is the GDX ETF? ⌄
GDX is the VanEck Gold Miners ETF — it tracks the NYSE Arca Gold Miners Index, holding ~50 large- and mid-cap gold mining companies globally (Newmont, Barrick, Agnico Eagle, Franco-Nevada, etc). TER is 0.51%, distributions paid annually. Yield ~1.2%. Suited to investors who want operational gold-mining exposure rather than physical bullion.
GDX vs GLD or IAU — what's the difference? ⌄
GLD and IAU hold physical gold bullion — they track the gold price directly. GDX holds gold mining COMPANIES — it amplifies gold-price moves through operational leverage (a 10% rise in gold typically produces 15-25% rise in miners; conversely on the downside). Miners also carry company-specific risks (operational issues, currency, jurisdiction) that physical gold doesn't. GDX is higher-volatility than GLD/IAU.
Can NZ residents buy GDX? ⌄
Yes. GDX is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply. Annual distributions are interest + dividend income mixed; 15% US withholding under the NZ-US treaty (with a W-8BEN) typically applies to the dividend portion.
GDX vs GDXJ — large-cap vs junior gold miners? ⌄
GDX holds large- and mid-cap gold producers with established operations. GDXJ (VanEck Junior Gold Miners) holds smaller exploration and development companies — much higher operational risk, much higher volatility, but more upside leverage in strong gold rallies. GDX is the lower-risk choice in the gold-miner space.
Where to buy GDX from New Zealand
The platforms below all support GDX. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch 
Sharesies 
Interactive Brokers 
Stake 
Tiger Brokers Fees + platform details verified against each provider's published rate card. Always check the current schedule before transacting. Full platform comparison →
Sources for this GDX data
Every TER, yield, and holdings figure on this page traces to one of the documents below. We do not pull live prices; the data is reviewed monthly against issuer fact sheets and exchange listings (last reviewed 2026-05-04).
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Related ETFs and resources
GLD — SPDR Gold Shares (physical bullion)
Physical gold alternative; lower volatility than gold miners.
IAU — iShares Gold Trust (physical bullion)
iShares low-cost physical gold alternative.
SIVR — Aberdeen Physical Silver
Silver counterpart for diversifying precious-metals exposure.
FIF tax explained
How FIF applies to commodity-equity ETFs.
