A1G.AX vs. GOEX
Compare and contrast key facts about African Gold Limited (A1G.AX) and Global X Gold Explorers ETF (GOEX).
GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 2010.
Performance
A1G.AX vs. GOEX - Performance Comparison
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A1G.AX vs. GOEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
A1G.AX African Gold Limited | 53.03% | 1,100.00% | 103.58% | -66.24% | -47.52% | -10.46% | 44.28% | -43.31% |
GOEX Global X Gold Explorers ETF | 7.20% | 159.21% | 31.40% | 2.07% | -8.99% | -9.44% | 23.12% | 27.09% |
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
In the year-to-date period, A1G.AX achieves a 53.03% return, which is significantly higher than GOEX's 7.20% return.
A1G.AX
- 1D
- 5.76%
- 1M
- -6.05%
- YTD
- 53.03%
- 6M
- 129.55%
- 1Y
- 910.00%
- 3Y*
- 149.50%
- 5Y*
- 39.30%
- 10Y*
- —
GOEX
- 1D
- 5.54%
- 1M
- -15.89%
- YTD
- 7.20%
- 6M
- 26.71%
- 1Y
- 120.69%
- 3Y*
- 48.36%
- 5Y*
- 28.74%
- 10Y*
- 21.51%
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Return for Risk
A1G.AX vs. GOEX — Risk / Return Rank
A1G.AX
GOEX
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.
| A1G.AX | GOEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.05 | 2.64 | +5.41 |
Sortino ratioReturn per unit of downside risk | 5.24 | 2.78 | +2.45 |
Omega ratioGain probability vs. loss probability | 1.65 | 1.40 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 24.36 | 3.65 | +20.70 |
Martin ratioReturn relative to average drawdown | 63.98 | 12.81 | +51.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| A1G.AX | GOEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.05 | 2.64 | +5.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.86 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.11 | +0.10 |
Correlation
The correlation between A1G.AX and GOEX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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 1.88%.
| 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 | 1.88% | 2.08% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% |
Drawdowns
A1G.AX vs. GOEX - Drawdown Comparison
The maximum A1G.AX drawdown since its inception was -91.90%, which is greater than GOEX's maximum drawdown of -85.41%. Use the drawdown chart below to compare losses from any high point for A1G.AX and GOEX.
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Drawdown Indicators
| A1G.AX | GOEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.90% | -88.83% | -3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -37.36% | -32.78% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -91.90% | -47.16% | -44.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.66% | — |
Current DrawdownCurrent decline from peak | -6.05% | -18.39% | +12.34% |
Average DrawdownAverage peak-to-trough decline | -52.04% | -64.05% | +12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.22% | 9.30% | +4.92% |
Volatility
A1G.AX vs. GOEX - Volatility Comparison
African Gold Limited (A1G.AX) has a higher volatility of 22.60% compared to Global X Gold Explorers ETF (GOEX) at 17.94%. This indicates that A1G.AX's price experiences larger fluctuations and is considered to be riskier than GOEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| A1G.AX | GOEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.60% | 17.94% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 73.49% | 39.76% | +33.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.01% | 46.08% | +65.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.77% | 33.49% | +77.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.19% | 36.81% | +76.38% |