AMD hits multi-year highs on surprise Q2 profit >>> READ MORE

The Best ETFs and Worst ETFs of 2013

Dividend ETF kills its, while emerging markets ETFs crumble

      View All  

Worst ETFs – Market Vectors Gold Miners ETF (GDX)

best-etfs-worst-etfs-gold-etf-gdxThe fact that a gold ETF was one of the worst this year should hardly be surprising. Gold simply hasn’t had a good year; just look at the SPDR Gold Shares (GLD). The GLD ETF is down almost 28% with only a few days of trading left in 2013.

Plus, the GLD ETF is probably a better investment than the Market Vectors Gold Miners ETF (GDX). The GDX ETF invests in 33 companies … primarily gold miners. These miners have fixed costs and when the price of gold drops, they’re in a heap of trouble unless they’ve managed to hedge against the inevitability. Most haven’t — yet. As a result, the GDX ETF is down 54% year-to-date.

Investing in gold might have some merit; investing in gold miners not so much.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC