A1G.AX vs. GOEX

Last updated Jun 4, 2026

A1G.AX (African Gold Limited) is a stock, while GOEX (Global X Gold Explorers ETF) is Materials fund tracking the Solactive Global Gold Explorers & Developers Total Return. At a 0.04 correlation, their price movements are largely independent.

Performance

A1G.AX vs. GOEX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in African Gold Limited (A1G.AX) and Global X Gold Explorers ETF (GOEX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

A1G.AX is traded in AUD, while GOEX is traded in USD. To make them comparable, the GOEX values have been converted to AUD using the latest available exchange rates.

Returns By Period

A1G.AX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOEX

• 1D: -3.67%
• 1M: -2.93%
• YTD: -11.09%
• 6M: -4.73%
• 1Y: 48.96%
• 3Y*: 42.64%
• 5Y*: 20.81%
• 10Y*: 14.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

A1G.AX vs. GOEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
A1G.AX African Gold Limited	57.58%	1,100.00%	103.58%	-66.24%	-47.52%	-10.46%	44.28%	-43.31%
GOEX Global X Gold Explorers ETF	-11.09%	159.21%	31.40%	2.07%	-8.99%	-9.44%	23.12%	27.09%

Correlation

The correlation between A1G.AX and GOEX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 15, 2019	0.04

Return for Risk

A1G.AX vs. GOEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOEX

GOEX Risk / Return Rank: 35
GOEX Sharpe Ratio Rank: 36
GOEX Sortino Ratio Rank: 32
GOEX Omega Ratio Rank: 35
GOEX Calmar Ratio Rank: 39
GOEX Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

A1G.AX vs. GOEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for African Gold Limited (A1G.AX) and Global X Gold Explorers ETF (GOEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	A1G.AX	GOEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.08	—

Drawdowns

Drawdown Indicators

	A1G.AX	GOEX	Difference
Max Drawdown Largest peak-to-trough decline	—	-85.41%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-32.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.84%	—
Current Drawdown Current decline from peak	—	-30.24%	—
Average Drawdown Average peak-to-trough decline	—	-54.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.14%	—

Volatility

Volatility by Period

	A1G.AX	GOEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	45.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	33.88%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	36.29%	—

Dividends

A1G.AX vs. GOEX - Dividend Comparison

A1G.AX has not paid dividends to shareholders, while GOEX's dividend yield for the trailing twelve months is around 2.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
A1G.AX African Gold Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GOEX Global X Gold Explorers ETF	2.19%	2.08%	2.46%	0.05%	1.04%	2.35%	2.62%	1.60%	0.00%	0.00%	38.91%	11.70%

Frequently Asked Questions

Can I hold both A1G.AX and GOEX in my portfolio?

A1G.AX and GOEX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.