Global X Gold Explorers ETF (GOEX)

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Global X Gold Explorers ETF (GOEX) is down 6.4% since the beginning of the year. GOEX is currently trading at $75 per share. Investors who bought $1,000 worth of GOEX shares 5 years ago would now be looking at an investment worth $2,573.

Global X Gold Explorers ETF (GOEX) has returned -6.42% so far this year and 67.83% over the past 12 months. Over the last ten years, GOEX has returned 12.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 4, 2010, GOEX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.

Historically, 46% of months were positive and 54% were negative. The best month was Apr 2016 with a return of +60.4%, while the worst month was Sep 2011 at -27.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, GOEX closed higher 49% of trading days. The best single day was Mar 16, 2020 with a return of +15.5%, while the worst single day was Mar 13, 2020 at -18.3%.

Global X Gold Explorers ETF has an annualized alpha of 2.04%, beta of 0.58, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since November 04, 2010.

• This ETF participated in 91.79% of S&P 500 Index downside but only 47.36% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.58 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GOEX has an expense ratio of 0.65%, placing it in the medium range.

GOEX ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Global X Gold Explorers ETF provided a 2.22% dividend yield over the last twelve months, with an annual payout of $1.67 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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. Recovery took 2613 trading sessions.

The current Global X Gold Explorers ETF drawdown is 30.93%.

The chart below shows the rolling one-month volatility.