GLD, GDX, and GDXJ Are 3 Ways to Bet on Gold. The Same Move Can Produce Wildly Different Returns
GLD, GDX, and GDXJ showed different returns over the past month, with GLD down 7.12%, GDX down 13.18%, and GDXJ down 14.52%. GLD holds physical gold, while GDX and GDXJ invest in gold mining companies, with GDXJ focusing on junior miners. Mining funds have higher volatility due to operating leverage, affecting returns more than gold itself.
