---
title: "GDX investors left $348 on the table in one year and most never noticed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292685173.md"
description: "GDX investors underperformed cheaper alternatives like RING and direct gold exposure via GLD due to higher fees, index transition costs, and tax inefficiencies. Over one year, GDX returned 46.55% versus RING's 50.03%, leaving $10,000 investors with roughly $348 less. While GDX offers liquidity, its expense ratio and operational leverage create performance drag compared to lower-cost peers."
datetime: "2026-07-14T23:43:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292685173.md)
  - [en](https://longbridge.com/en/news/292685173.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292685173.md)
generator: "portal-rs"
---

# GDX investors left $348 on the table in one year and most never noticed

Quick ReadGDX returned 183% over ten years, underperforming both RING and physical gold despite charging a 0.51% expense ratio for miner leverage.RING outperformed GDX across all three standard time periods, and GLD delivered 197% over ten years with none of the mining equity volatility.GDX's 2025 index overhaul added silver and royalty firms, driv...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**