GDX vs SIL overlap - what they share and where they differ
GDX and SIL share 20.1% of their weight across 14 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
GDX and SIL
20.1%
14 shared positions
GDX
VanEck Gold Miners ETF
Reported positions cover 100% of the fund, 61 positions · Jun 30, 2026
Top 10: 58.6%·Holdings of GDX
SIL
Global X Silver Miners ETF
Reported positions cover 100% of the fund, 39 positions · Jul 31, 2026
Top 10: 76.3%·Holdings of SIL
Reported positions cover GDX 100%, SIL 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SIL vs GDX side by side
GDXVanEck Gold Miners ETF
61
stock positions reported to the SEC
79.9% of its weight is in 47 names SIL does not hold
SILGlobal X Silver Miners ETF
39
stock positions reported to the SEC
19.5% of its weight is in 25 names GDX does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: GDX has 4.4 points more of it.
The figures side by side
| GDX | SIL | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jul 31, 2026 |
| Stock positions reported | 61 | 39 |
| Weight of the ten largest | 58.6% | 76.3% |
| Largest position | AEM 10.7% | WPM 22.4% |
| Held alone | 47 positions, 79.9% | 25 positions, 19.5% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In GDX | In SIL | Counted |
|---|---|---|---|
| WPMWheaton Precious Metals Corp | 5.60% | 22.38% | 5.60% |
| PAASPan American Silver Corp | 2.97% | 12.54% | 2.97% |
| CDECoeur Mining Inc | 2.38% | 10.59% | 2.38% |
| INDUSTRIAS PENOLES, S.A.B. DE C.V.Industrias Penoles SAB de CV | 1.52% | 5.21% | 1.52% |
| AGFirst Majestic Silver Corp | 1.43% | 4.47% | 1.43% |
| HLHecla Mining Co | 1.38% | 4.63% | 1.38% |
| FRESNILLO PLC | 1.24% | 4.30% | 1.24% |
| SSRMSSR Mining Inc | 0.84% | 3.85% | 0.84% |
| OROR Royalties Inc | 0.73% | 4.16% | 0.73% |
| AYAAya Gold & Silver Inc | 0.45% | 2.01% | 0.45% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in GDX
Only in SIL
Questions people ask
Is GDX the same as SIL?
20.1% of their weight sits in the same 14 holdings. GDX also reports AEM, NEM, B, which the other does not. SIL also reports COMPANIA DE MINAS BUENAVENTURA S.A.A., DISCOVERY MINING LTD., KOREA ZINC INC, which the other does not.
How is the overlap between GDX and SIL measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of GDX and 100% of SIL, so the number cannot exceed the smaller coverage.
Which holds more, SIL or GDX?
GDX reports 61 stock positions and SIL reports 39. 79.9% of GDX's weight sits in names SIL does not hold, and 19.5% of SIL's weight in names GDX does not hold. The ten largest positions are 58.6% of GDX and 76.3% of SIL.
How do GDX and SIL differ by sector?
The widest gap is Basic Materials: GDX has 4.4 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.