Market Vectors Junior Gold Miners ETF
Another way to get exposure to the mining side is through another Van Eck product tracking junior minors, which are mostly focused on exploration — a risky business, but one where the profits can be huge.
The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) has $3 billion in assets and tracks 80 stocks, many of which are traded in Canada and Australia. Some of the top holdings include B2Gold (Canada), Perseus Mining (Australia) and Medusa Mining (Australia).
GDXJ is fairly volatile, and actually has declined 3% year-to-date, but it too has enjoyed a strong third quarter, gaining nearly 26% from August to November. Expenses are just a touch higher than GDX at 0.54%.