GDX
StockVanEck Gold Miners ETF
Rare — pay attention.
VanEck Gold Miners ETF is 34.8% off its high, 130 days in — deeper than the vast majority of its 48 recorded drawdowns. This is the kind of decline the severity score exists to flag.
Strong
Current Drawdown
-34.8%
Days in Drawdown
130
Avg Max Drawdown
9.3%
Avg Length
148
Drawdown Severity Score™
5.7
GDX - Price & High Water Mark
GDX - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
VanEck Gold Miners ETF (GDX) Analysis: Current Drawdown Insights
VanEck Gold Miners ETF is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-10, the stock is trading at $75.53, which represents a 34.8% decline from its all-time high of $115.84. This drawdown has persisted for 130 days.
Based on its full tracked price history, VanEck Gold Miners ETF typically experiences drawdowns averaging 9.3% in depth, with an average duration of 148 days. VanEck Gold Miners ETF has gone through 48 total drawdown events in its tracked history. The largest drawdown on record for VanEck Gold Miners ETF was 80.6%, beginning in 2011. The longest drawdown duration on record was 5096 days.
The Drawdown Severity Score™ for VanEck Gold Miners ETF currently stands at 5.68. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing VanEck Gold Miners ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 48 tracked pullbacks (48 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-03-02 | Ongoing | 130 days | -34.8% | $115.84 | $75.53 | n/a |
| 2026-01-29 | 2026-02-26 | 29 days | -17.6% | $112.16 | $92.44 | $113.89 |
| 2026-01-21 | 2026-01-22 | 2 days | -1.4% | $102.78 | $101.29 | $105.17 |
| 2026-01-07 | 2026-01-09 | 3 days | -1.2% | $92.14 | $91.06 | $92.56 |
| 2025-12-29 | 2026-01-06 | 9 days | -6.1% | $91.29 | $85.73 | $92.14 |
| 2025-12-24 | 2025-12-26 | 3 days | -0.6% | $90.27 | $89.70 | $91.29 |
| 2025-12-12 | 2025-12-19 | 8 days | -1.7% | $85.64 | $84.22 | $87.16 |
| 2025-10-17 | 2025-12-11 | 56 days | -19.1% | $83.83 | $67.79 | $85.64 |
| 2025-10-14 | 2025-10-15 | 2 days | -1.2% | $78.80 | $77.88 | $80.88 |
| 2025-10-09 | 2025-10-13 | 5 days | -4.5% | $78.58 | $75.06 | $78.80 |
| 2025-10-07 | 2025-10-08 | 2 days | -2.1% | $78.04 | $76.42 | $78.58 |
| 2025-10-02 | 2025-10-06 | 5 days | -0.1% | $76.57 | $76.52 | $78.04 |
| 2025-09-23 | 2025-09-26 | 4 days | -2.7% | $73.79 | $71.80 | $74.14 |
| 2025-09-16 | 2025-09-19 | 4 days | -2.6% | $69.97 | $68.16 | $71.84 |
| 2025-09-12 | 2025-09-15 | 4 days | -0.0% | $69.26 | $69.25 | $69.97 |
| 2025-09-09 | 2025-09-10 | 2 days | -0.6% | $66.76 | $66.37 | $68.01 |
| 2025-09-04 | 2025-09-05 | 2 days | -1.0% | $64.73 | $64.10 | $65.86 |
| 2025-08-27 | 2025-08-29 | 3 days | -0.4% | $61.16 | $60.89 | $62.71 |
| 2011-09-09 | 2025-08-21 | 5096 days | -80.6% | $58.19 | $11.31 | $58.86 |
| 2011-04-11 | 2011-09-02 | 145 days | -19.0% | $55.85 | $45.22 | $56.69 |
| 2010-12-07 | 2011-04-08 | 122 days | -16.2% | $55.35 | $46.39 | $55.85 |
| 2010-11-12 | 2010-12-03 | 22 days | -6.7% | $53.60 | $50.02 | $54.40 |
| 2010-11-09 | 2010-11-11 | 3 days | -3.4% | $53.59 | $51.77 | $53.60 |
| 2010-10-14 | 2010-11-04 | 22 days | -7.4% | $50.83 | $47.09 | $52.04 |
| 2010-10-07 | 2010-10-13 | 7 days | -2.6% | $50.42 | $49.09 | $50.83 |
| 2010-09-29 | 2010-10-05 | 7 days | -2.0% | $49.15 | $48.19 | $49.68 |
| 2010-09-23 | 2010-09-28 | 6 days | -1.8% | $48.90 | $48.01 | $49.15 |
| 2008-03-17 | 2010-09-22 | 920 days | -71.0% | $48.83 | $14.17 | $48.90 |
| 2008-03-07 | 2008-03-13 | 6 days | -6.1% | $47.41 | $44.50 | $48.51 |
| 2008-03-04 | 2008-03-05 | 2 days | -3.4% | $47.27 | $45.65 | $47.33 |
| 2008-02-29 | 2008-03-03 | 4 days | -2.3% | $47.06 | $45.97 | $47.27 |
| 2008-01-15 | 2008-02-28 | 45 days | -12.3% | $46.14 | $40.46 | $47.06 |
| 2007-11-07 | 2008-01-10 | 65 days | -18.6% | $44.47 | $36.21 | $45.02 |
| 2007-11-05 | 2007-11-06 | 2 days | -0.5% | $43.16 | $42.93 | $44.47 |
| 2007-11-01 | 2007-11-02 | 2 days | -3.5% | $43.07 | $41.55 | $43.16 |
| 2007-10-30 | 2007-10-31 | 2 days | -2.0% | $42.42 | $41.55 | $43.07 |
| 2007-10-16 | 2007-10-26 | 11 days | -5.2% | $40.87 | $38.75 | $41.19 |
| 2007-10-02 | 2007-10-10 | 9 days | -4.9% | $39.00 | $37.09 | $39.73 |
| 2007-09-21 | 2007-10-01 | 11 days | -4.3% | $39.00 | $37.32 | $39.00 |
| 2007-07-20 | 2007-09-18 | 61 days | -20.0% | $36.67 | $29.35 | $37.11 |
| 2007-04-17 | 2007-07-19 | 94 days | -13.5% | $36.49 | $31.58 | $36.67 |
| 2007-02-27 | 2007-04-13 | 45 days | -12.8% | $36.04 | $31.42 | $36.04 |
| 2006-09-06 | 2007-02-26 | 174 days | -20.5% | $35.73 | $28.40 | $36.04 |
| 2006-08-03 | 2006-09-01 | 30 days | -6.4% | $34.51 | $32.28 | $34.70 |
| 2006-07-05 | 2006-08-02 | 29 days | -11.0% | $34.14 | $30.39 | $34.51 |
| 2006-06-05 | 2006-07-03 | 29 days | -17.7% | $33.21 | $27.33 | $34.14 |
| 2006-06-01 | 2006-06-02 | 2 days | -0.8% | $32.97 | $32.70 | $33.21 |
| 2006-05-30 | 2006-05-31 | 2 days | -1.0% | $32.71 | $32.39 | $32.97 |
| 2006-05-24 | 2006-05-25 | 2 days | -3.8% | $32.21 | $30.99 | $32.52 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
VanEck Gold Miners ETF (GDX) is trading at $75.53 as of Jul 10, 2026. It is 34.8% below its high of $115.84. The drawdown has lasted 130 days. Severity score: 5.7 (Strong).
GDX Price History and Drawdown Data
Latest price
$75.53
High-water mark
$115.84
Current drawdown
-34.8%
Days in drawdown
130
This GDX page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior VanEck Gold Miners ETF drawdowns.
What History Says About GDX
VanEck Gold Miners ETF has dropped 15%+ from its high 10 times in its tracked history. These events lasted an average of 670 days with an average max drop of -30.0%.
The current drawdown of -34.8% has lasted 130 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Sep 2011 to Aug 2025 | -80.6% | 5096 days |
| Mar 2008 to Sep 2010 | -71.0% | 920 days |
| Sep 2006 to Feb 2007 | -20.5% | 174 days |
| Jul 2007 to Sep 2007 | -20.0% | 61 days |
| Oct 2025 to Dec 2025 | -19.1% | 56 days |
| Apr 2011 to Sep 2011 | -19.0% | 145 days |
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