Global X Gold Explorers ETF (GOEX) belongs to the Materials category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GOEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GOEX
GOEX charges 0.65% annually. There are 20 ETFs in the Materials category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Materials Index ETF | 0.08% | 603.22M | Oct 2013 | GOEX vs FMAT | |
| Vanguard Materials ETF | 0.10% | 4.50B | Jan 2004 | GOEX vs VAW | |
| Materials Select Sector SPDR ETF | 0.13% | 7.33B | Dec 1998 | GOEX vs XLB | |
| Invesco S&P SmallCap Materials ETF | 0.29% | 21.06M | Apr 2010 | GOEX vs PSCM | |
| Hoya Capital Housing ETF | 0.30% | 34.76M | Mar 2019 | GOEX vs HOMZ |
Best Risk-Adjusted Alternatives to GOEX
GOEX has a PortfoliosLab risk / return rank of 35. There are 13 ETFs in the Materials category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 87 | 3.01B | Oct 2010 | GOEX vs REMX | |
| VanEck Vectors Steel ETF | 86 | 224.19M | Oct 2006 | GOEX vs SLX | |
| iShares MSCI Global Select Metals & Mining Produce... | 84 | 2.18B | Jan 2012 | GOEX vs PICK | |
| Global X Rare Earth & Critical Materials ETF | 79 | 45.97M | Jan 2022 | GOEX vs EART | |
| Invesco S&P SmallCap Materials ETF | 78 | 21.06M | Apr 2010 | GOEX vs PSCM |
Top Performing GOEX Alternatives (YTD)
GOEX is at -5.02% YTD. There are 21 ETFs in the Materials category with higher YTD returns, going as high as 33.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 33.01% | 3.01B | Oct 2010 | GOEX vs REMX | |
| VanEck Vectors Steel ETF | 32.29% | 224.19M | Oct 2006 | GOEX vs SLX | |
| iShares MSCI Global Select Metals & Mining Produce... | 30.58% | 2.18B | Jan 2012 | GOEX vs PICK | |
| First Trust Materials AlphaDEX Fund | 29.62% | 443.11M | May 2007 | GOEX vs FXZ | |
| Invesco S&P SmallCap Materials ETF | 26.28% | 21.06M | Apr 2010 | GOEX vs PSCM |
Lowest Volatility Alternatives to GOEX
GOEX has 49.13% 1-year volatility. There are 22 ETFs in the Materials category with lower 1-year volatility, going as low as 16.78%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Materials Select Sector SPDR ETF | 16.78% | 7.33B | Dec 1998 | GOEX vs XLB | |
| Vanguard Materials ETF | 17.65% | 4.50B | Jan 2004 | GOEX vs VAW | |
| Fidelity MSCI Materials Index ETF | 17.66% | 603.22M | Oct 2013 | GOEX vs FMAT | |
| Invesco S&P 500® Equal Weight Materials ETF | 18.15% | 178.90M | Nov 2006 | GOEX vs RSPM | |
| Invesco MSCI Global Timber ETF | 18.57% | 30.44M | Nov 2007 | GOEX vs CUT |
Lowest Drawdown Alternatives to GOEX
GOEX has a 1-year max drawdown of -32.78%. There are 20 ETFs in the Materials category with shallower 1-year drawdowns, going as shallow as -12.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P 500® Equal Weight Materials ETF | -12.32% | 178.90M | Nov 2006 | GOEX vs RSPM | |
| Materials Select Sector SPDR ETF | -12.38% | 7.33B | Dec 1998 | GOEX vs XLB | |
| First Trust Materials AlphaDEX Fund | -12.75% | 443.11M | May 2007 | GOEX vs FXZ | |
| Vanguard Materials ETF | -13.42% | 4.50B | Jan 2004 | GOEX vs VAW | |
| Fidelity MSCI Materials Index ETF | -13.48% | 603.22M | Oct 2013 | GOEX vs FMAT |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, URA and span 12 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 88 | 7.88% | 8.41B | Dec 2013 | GOEX vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 15 | -2.28% | 7.99B | Sep 2023 | GOEX vs SHLD | |
| Global X Uranium ETF | Commodity Producers Equities | 34 | 17.93% | 7.06B | Nov 2010 | GOEX vs URA | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 81 | 35.98% | 10.85B | May 2018 | GOEX vs AIQ | |
| Global X Copper Miners ETF | Materials | 75 | 25.71% | 7.99B | Apr 2010 | GOEX vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 33 | 11.15% | 3.74B | Sep 2016 | GOEX vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 48 | 4.75% | 5.22B | Apr 2010 | GOEX vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 82 | 4.96% | 3.17B | Jun 2013 | GOEX vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 92 | 52.56% | 2.14B | Oct 2020 | GOEX vs DTCR | |
| Global X US Infrastructure Development ETF | Utilities Equities | 59 | 19.88% | 13.54B | Mar 2017 | GOEX vs PAVE |
Often Compared With GOEX
Investors most often compare GOEX with GLD, RING, XME. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare GOEX with Any Fund or Stock
Compare GOEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GOEX with funds that move differently
Global X Gold Explorers ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GOEX.
Explore GOEX Diversifiers