PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Global X Gold Explorers ETF (GOEX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US37954Y8637

CUSIP

37954Y863

Issuer

Global X

Inception Date

Nov 3, 2010

Region

Developed Markets (Broad)

Category

Materials

Leveraged

1x

Index Tracked

Solactive Global Gold Explorers & Developers Total Return

Asset Class

Equity

Asset Class Size

Small-Cap

Asset Class Style

Blend

Expense Ratio

GOEX features an expense ratio of 0.65%, falling within the medium range.


Expense ratio chart for GOEX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
GOEX vs. IAU GOEX vs. VOO GOEX vs. GLD GOEX vs. RING GOEX vs. XME GOEX vs. COPX GOEX vs. URA GOEX vs. EPU GOEX vs. SIL GOEX vs. DIA
Popular comparisons:
GOEX vs. IAU GOEX vs. VOO GOEX vs. GLD GOEX vs. RING GOEX vs. XME GOEX vs. COPX GOEX vs. URA GOEX vs. EPU GOEX vs. SIL GOEX vs. DIA

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Global X Gold Explorers ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
8.32%
9.66%
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)

Returns By Period

Global X Gold Explorers ETF had a return of 20.39% year-to-date (YTD) and 16.70% in the last 12 months. Over the past 10 years, Global X Gold Explorers ETF had an annualized return of 10.25%, while the S&P 500 had an annualized return of 11.11%, indicating that Global X Gold Explorers ETF did not perform as well as the benchmark.


GOEX

YTD

20.39%

1M

-7.30%

6M

8.31%

1Y

16.70%

5Y*

5.01%

10Y*

10.25%

^GSPC (Benchmark)

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

Monthly Returns

The table below presents the monthly returns of GOEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-8.80%-5.92%21.64%1.00%10.96%-7.19%9.68%4.29%6.23%3.35%-6.02%20.39%
202311.58%-11.95%13.90%-0.47%-8.91%-4.21%7.03%-4.14%-11.27%1.92%14.09%-0.86%1.99%
2022-7.89%11.56%8.36%-6.86%-8.34%-19.54%5.77%-11.02%-1.53%-1.81%20.85%1.49%-14.63%
2021-9.12%-6.83%-1.79%6.55%14.93%-12.99%-0.09%-4.72%-9.64%13.07%-1.54%0.80%-14.45%
2020-0.94%-14.59%-18.92%42.90%14.11%6.53%19.42%0.40%-8.05%-4.71%-3.68%11.93%34.98%
201911.49%-0.86%-3.59%-5.78%-0.30%18.65%8.06%6.51%-10.70%4.74%-4.07%11.49%36.73%
2018-2.32%-5.58%0.18%4.92%1.37%-3.21%-2.80%-11.76%-2.08%-0.83%-3.09%10.89%-14.84%
201716.91%-3.35%2.05%-7.33%-3.11%5.76%-0.07%6.40%-4.73%-6.36%-1.95%10.58%12.61%
2016-2.07%35.18%4.64%60.37%-15.64%28.16%12.54%-16.53%3.36%-9.33%-16.93%2.76%80.50%
201512.68%-5.37%-11.80%14.73%-2.17%-5.18%-18.03%4.64%2.50%11.20%-8.38%-0.27%-10.59%
201417.94%18.09%-10.71%0.58%-11.26%31.37%0.37%-3.23%-20.60%-22.88%6.60%0.93%-6.69%
2013-8.07%-22.59%6.53%-24.87%-2.10%-20.76%11.52%16.22%-20.93%2.64%-16.75%-2.91%-62.44%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of GOEX is 31, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of GOEX is 3131
Overall Rank
The Sharpe Ratio Rank of GOEX is 3131
Sharpe Ratio Rank
The Sortino Ratio Rank of GOEX is 3535
Sortino Ratio Rank
The Omega Ratio Rank of GOEX is 3333
Omega Ratio Rank
The Calmar Ratio Rank of GOEX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of GOEX is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for GOEX, currently valued at 0.55, compared to the broader market0.002.004.000.552.07
The chart of Sortino ratio for GOEX, currently valued at 0.96, compared to the broader market-2.000.002.004.006.008.0010.000.962.76
The chart of Omega ratio for GOEX, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.001.111.39
The chart of Calmar ratio for GOEX, currently valued at 0.25, compared to the broader market0.005.0010.0015.000.253.05
The chart of Martin ratio for GOEX, currently valued at 2.11, compared to the broader market0.0020.0040.0060.0080.00100.002.1113.27
GOEX
^GSPC

The current Global X Gold Explorers ETF Sharpe ratio is 0.55. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Global X Gold Explorers ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.55
2.07
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Global X Gold Explorers ETF provided a 0.02% dividend yield over the last twelve months, with an annual payout of $0.01 per share.


0.00%10.00%20.00%30.00%40.00%$0.00$2.00$4.00$6.00$8.002014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017201620152014
Dividend$0.01$0.01$0.26$0.69$0.92$0.43$0.00$0.00$8.05$1.92$0.03

Dividend yield

0.02%0.05%1.04%2.35%2.62%1.60%0.00%0.00%38.91%11.70%0.13%

Monthly Dividends

The table displays the monthly dividend distributions for Global X Gold Explorers ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2023$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2022$0.00$0.00$0.00$0.00$0.00$0.05$0.00$0.00$0.00$0.00$0.00$0.21$0.26
2021$0.00$0.00$0.00$0.00$0.00$0.15$0.00$0.00$0.00$0.00$0.00$0.54$0.69
2020$0.00$0.00$0.00$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.90$0.92
2019$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.41$0.43
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$8.05$8.05
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.92$1.92
2014$0.03$0.03

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-63.16%
-1.91%
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Global X Gold Explorers ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X Gold Explorers ETF was 88.83%, occurring on Jul 23, 2015. The portfolio has not yet recovered.

The current Global X Gold Explorers ETF drawdown is 63.16%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-88.83%Apr 11, 20111078Jul 23, 2015
-15.09%Jan 3, 201116Jan 25, 201152Apr 8, 201168
-10.1%Nov 9, 20106Nov 16, 20109Nov 30, 201015
-5.2%Dec 7, 20108Dec 16, 20107Dec 28, 201015
-1.64%Dec 29, 20102Dec 30, 20101Dec 31, 20103

Volatility

Volatility Chart

The current Global X Gold Explorers ETF volatility is 10.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
10.59%
3.82%
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab