What is gdxj (GDX)?

GDXJ focuses on junior or small-cap gold miners like Sandstorm Gold Ltd. (SAND) and Endeavour Silver Corp. (EXK). GDX is designed to replicate the performance of the NYSE Arca Gold Miners Index, a benchmark that consists of publicly traded companies involved in gold mining.

What is the leverage of gdxj?

As the above chart shows, the leverage of GDXJ is highest to gold prices. When prices rise, GDXJ rises the most and GLD the least. Year-to-date, GDXJ has outperformed GLD and GDX. But since November 2009, when GDXJ launched, GDXJ has underperformed both GLD and GDX. GDX or GDXJ?

Is gdxj better than GLD?

When prices rise, GDXJ rises the most and GLD the least. Year-to-date, GDXJ has outperformed GLD and GDX. But since November 2009, when GDXJ launched, GDXJ has underperformed both GLD and GDX. GDX or GDXJ? Compared to physical gold–backed ETFs like GLD, GDX and GDXJ, on the one hand, offer more leverage and volatility.