Market Research Data

GDXJ Correlation & Overlap

Fund Strategy Analysis

VanEck Junior Gold Miners ETF (GDXJ) is a key instrument in the Commodities category. For portfolios allocated to the Commodities sector, GDXJ is a primary vehicle. Market research often focuses on finding partner assets that preserve this specific market exposure without triggering wash sale rules.

Note: This page summarizes historical similarity metrics and does not assess tax treatment or regulatory outcomes.

Top Correlated ETFs

Commodities
GDX
CORR ≥ 0.95*
88.0%
Correlation
GDX shows a high degree of historical similarity with GDXJ. With an estimated overlap of 35%, this pair is often analyzed in discussions regarding "substantially identical" securities.
Overlap: ~35%
Yahoo Finance ↗View GDX Analysis →
SILJ
CORR ≥ 0.95*
75.0%
Correlation
A holdings overlap of roughly 20% suggests that SILJ and GDXJ maintain aligned market exposure. This metric is frequently used to assess the potential for maintaining economic position while realizing a tax loss.
Overlap: ~20%
Yahoo Finance ↗SILJ Data Coming Soon

Note on Overlap: Estimates are based on the most recent publicly disclosed holdings. Leveraged/Inverse products often use swaps resulting in low physical overlap despite high correlation.

Benchmark Similarity: ETFs tracking similar broad-market or sector-specific benchmarks often exhibit extremely high correlation. Investors typically review additional factors such as index methodology when evaluating similarity.

* Correlation calculated using 2-year daily price returns.

Wash Sale Re-Entry Date (Reference Tool)

If you sold GDXJ at a loss, U.S. wash sale rules generally restrict repurchasing the same or a substantially identical security within 30 days.

*For informational purposes only. Consult a tax professional regarding IRC §1091. This tool calculates the 31st day following a sale.

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What is Correlation?

Correlation measures the historical relationship between two assets. A value of 1.00 (100%) means they move perfectly in sync. For tax loss harvesting, high correlation is generally desired to stay in the market while realizing a loss.

Index Methodology

Under the wash sale rule, "substantially identical" assets are disallowed for loss claims. Many investors argue that ETFs tracking different indices (e.g., S&P 500 vs. Russell 1000) are not substantially identical.

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