GDX vs VOXR: Correlation
VanEck Gold Miners ETF (GDX) and Vox Royalty Corp. (VOXR) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDX and VOXR?
Over the past 3 years, GDX and VOXR moved with a correlation of 0.57, which is moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.57). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 1014.0 %².
Among the 78 assets we track against GDX, VOXR ranks #61 by 3-year correlation. The trailing year gives GDX the advantage: +69.9% versus +61.1%, a 8.8-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GDX vs VOXR: side by side
| GDX (VanEck Gold Miners ETF) | VOXR (Vox Royalty Corp.) | |
|---|---|---|
| 1-year return | +69.9% | +61.1% |
| 5-year return | +245.5% | +197.9% |
| Volatility (ann.) | 40.9% | 43.7% |
| Beta vs S&P 500 | 0.88 | 0.63 |
| Max drawdown (3Y) | -38.9% | -35.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 8.3 |
| Dividend yield | – | 0.96% |
| Sector / category | ETF · Commodities | US Listed |
Year-by-year returns
| Year | GDX | VOXR |
|---|---|---|
| 2022 | -9.0% | -14.8% |
| 2023 | +10.0% | -9.9% |
| 2024 | +10.6% | +15.8% |
| 2025 | +154.8% | +105.5% |
| 2026 | +20.9% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDX and VOXR good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GDX and VOXR?
As of 2026-08-27, the correlation of weekly returns between GDX and VOXR is 0.57 over 3 years, 0.70 over 1 year and 0.50 over 5 years.
Is VOXR a good diversifier for GDX?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdx-vs-voxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdx-vs-voxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDX correlations · VOXR correlations
