# Gold Funds Show Different Risks

> GLD, GDX, and GDXJ funds react differently to gold's pullback, with miners taking bigger losses.
- Title: Gold Funds Show Different Risks · 24/7 Wall St. | Shortify
- Summary: GLD, GDX, and GDXJ funds react differently to gold's pullback, with miners taking bigger losses. GLD fell 7.12%, GDX dropped 13.18%, and GDXJ slid 14.52%…
- Keywords: glad, gdx, gdxj, gold, etf, mining, bullion, Funds, Show, Different, Risks, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/10/08/gld-gdx-and-gdxj-are-3-ways-to-bet-on-gold-the-same-move-can-produce-wildly-different-returns
- Author: Ryne Mauck
- Published: 2026-10-09T00:33:13+00:00
- Read time: 1 min
- Topics: glad, gdx, gdxj, gold, etf, mining, bullion
## Gold Funds Show Different Risks
GLD, GDX, and GDXJ are three ways to bet on gold, but the same market move produces wildly different returns.
## Past Month Performance
GLD fell 7.12%, GDX dropped 13.18%, and GDXJ slid 14.52% over the past month as gold pulled back.
## What Each Fund Holds
GLD holds physical gold bullion. GDX and GDXJ hold shares of gold mining companies, with GDXJ focused on junior miners.
## Why Miners Swing Harder
Operating leverage causes miners to swing harder than gold itself, with the same market move producing bigger losses.
## Year-to-Date Performance
GDX is the only fund up 0.48% year-to-date, while GLD is down 4.67% and GDXJ is down 3.06%.
## Long-Term Performance
Over ten years, GDX returned 312.97% while GDXJ returned 238.04%, showing miners' long-term advantage.
## Which Fund Fits Which Goal
GLD offers direct gold exposure with the least loss. GDX offers stronger long-term performance. GDXJ has higher volatility without extra payoff.
## Key takeaway

GLD fell 7.12%, GDX dropped 13.18%, and GDXJ slid 14.52% over the past month as gold pulled back.