GDXJ.L - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

7/7 Very High

7 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (5Y)

41.8% p.a.

5-Year Horizon

Max Drawdown (5Y)

-47.5%

Deepest Drawdown

Sharpe Ratio

0.51

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

12 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

Focused weighting: Top holdings drive a major share of fund returns.

Top 10 Holdings

40.7%

Focused

Effective Holdings

~53

of 153 holdings

Top Sector

98.6%

Basic Materials

Top Region / Country

54.5%

Canada

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

Volatility Expansion (3Y > 5Y) High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+8.1%
3 Years	44.0%	-40.1%	1.14	+52.9%
5 Years	41.8%	-47.5%	0.51	+23.9%
10 Years	40.4%	-58.2%	0.25	+12.5%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 13.5

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🔴 Low analyst coverage (7 analysts, higher growth estimate uncertainty)

⚠️ Single-country focus: 55% in "Canada".

🔴 Severe sector concentration risk: 99% in "Basic Materials".

🔴 Extreme industry concentration: 76% in "Gold".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 63% of forward growth.

🔴 High Commodity Concentration: 100% of fund depends directly on volatile energy and raw material markets.

🔴 Dominant Cyclicality: 100% in cyclical industries – higher drawdown risk in recessions.

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (41.8% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -58.2% in the extended horizon.