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Global X Gold Explorers ETF (GOEX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS37954Y8637
CUSIP37954Y863
IssuerGlobal X
Inception DateNov 3, 2010
RegionDeveloped Markets (Broad)
CategoryMaterials
Index TrackedSolactive Global Gold Explorers & Developers Total Return
Home Pagewww.globalxetfs.com
Asset ClassEquity

Asset Class Size

Small-Cap

Asset Class Style

Blend

Expense Ratio

The Global X Gold Explorers ETF has a high expense ratio of 0.65%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.65%

Share Price Chart


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Compare to other instruments

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Global X Gold Explorers ETF

Popular comparisons: GOEX vs. IAU, GOEX vs. VOO

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.


-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%NovemberDecember2024FebruaryMarchApril
19.88%
15.74%
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Global X Gold Explorers ETF had a return of 8.21% year-to-date (YTD) and -7.92% in the last 12 months. Over the past 10 years, Global X Gold Explorers ETF had an annualized return of 5.88%, while the S&P 500 had an annualized return of 10.53%, indicating that Global X Gold Explorers ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date8.21%6.12%
1 month10.90%-1.08%
6 months19.89%15.73%
1 year-7.92%22.34%
5 years (annualized)7.94%11.82%
10 years (annualized)5.88%10.53%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-8.80%-5.92%21.64%
2023-11.27%1.92%14.09%-0.86%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of GOEX is 10, indicating that it is in the bottom 10% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

The Risk-Adjusted Performance Rank of GOEX is 1010
Global X Gold Explorers ETF(GOEX)
The Sharpe Ratio Rank of GOEX is 99Sharpe Ratio Rank
The Sortino Ratio Rank of GOEX is 1010Sortino Ratio Rank
The Omega Ratio Rank of GOEX is 1111Omega Ratio Rank
The Calmar Ratio Rank of GOEX is 1010Calmar Ratio Rank
The Martin Ratio Rank of GOEX is 1010Martin 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.


GOEX
Sharpe ratio
The chart of Sharpe ratio for GOEX, currently valued at -0.31, compared to the broader market0.002.004.00-0.31
Sortino ratio
The chart of Sortino ratio for GOEX, currently valued at -0.25, compared to the broader market-2.000.002.004.006.008.0010.00-0.25
Omega ratio
The chart of Omega ratio for GOEX, currently valued at 0.97, compared to the broader market1.001.502.002.500.97
Calmar ratio
The chart of Calmar ratio for GOEX, currently valued at -0.13, compared to the broader market0.002.004.006.008.0010.0012.00-0.13
Martin ratio
The chart of Martin ratio for GOEX, currently valued at -0.53, compared to the broader market0.0020.0040.0060.0080.00-0.53
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.89, compared to the broader market0.002.004.001.89
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.74, compared to the broader market-2.000.002.004.006.008.0010.002.74
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.33, compared to the broader market1.001.502.002.501.33
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.002.004.006.008.0010.0012.001.43
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.65, compared to the broader market0.0020.0040.0060.0080.007.65

Sharpe Ratio

The current Global X Gold Explorers ETF Sharpe ratio is -0.31. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2024FebruaryMarchApril
-0.31
1.89
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Global X Gold Explorers ETF granted a 0.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.01 per share.


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

0.04%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.00$0.00
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
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
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
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
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
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
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
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
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
2014$0.03

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2024FebruaryMarchApril
-66.89%
-3.66%
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 66.89%.


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 9.37%, 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%NovemberDecember2024FebruaryMarchApril
9.37%
3.44%
GOEX (Global X Gold Explorers ETF)
Benchmark (^GSPC)