Gold Bullion or Gold Miners: Which Fits Your Portfolio Better? GDX vs AAAU
By Bullbit Editorial · March 27, 2026
WhatThe VanEck Gold Miners ETF (GDX) and the Goldman Sachs Physical Gold ETF (AAAU) are two popular options for investors seeking gold exposure.
WhyGDX tracks the performance of gold mining companies, while AAAU directly tracks the price of gold, making them suitable for different investment strategies.
SignalRecent data shows that GDX has outperformed AAAU over the past year, with a return of **+12.5%** compared to AAAU's **+6.5%**.
TargetInvestors looking for a more stable store of value may prefer AAAU, while those seeking exposure to the gold mining industry may prefer GDX.
RiskGDX carries more risk due to its reliance on the performance of individual mining companies, whereas AAAU is a more direct bet on gold prices.