AUAU vs. AUMI

Last updated Jun 6, 2026

AUAU (Global X Gold Miners ETF) and AUMI (Themes Gold Miners ETF) are both Gold funds - AUAU tracks the NYSE Arca Gold Miners Index while AUMI tracks the Solactive Global Pure Gold Miners Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.35% expense ratio.

Performance

AUAU vs. AUMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) and Themes Gold Miners ETF (AUMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUAU achieves a -6.86% return, which is significantly higher than AUMI's -13.05% return.

AUAU

• 1D: -8.34%
• 1M: -14.13%
• YTD: -6.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUMI

• 1D: -8.58%
• 1M: -17.51%
• YTD: -13.05%
• 6M: -7.45%
• 1Y: 38.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUAU vs. AUMI - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	-6.86%	4.18%
AUMI Themes Gold Miners ETF	-13.05%	4.04%

Correlation

The correlation between AUAU and AUMI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.97

Return for Risk

AUAU vs. AUMI — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 25
AUMI Sharpe Ratio Rank: 24
AUMI Sortino Ratio Rank: 24
AUMI Omega Ratio Rank: 26
AUMI Calmar Ratio Rank: 25
AUMI Martin Ratio Rank: 24

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.

AUAU vs. AUMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) and Themes Gold Miners ETF (AUMI). 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

	AUAU	AUMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	1.41	-1.53

Drawdowns

AUAU vs. AUMI - Drawdown Comparison

The maximum AUAU drawdown since its inception was -31.20%, smaller than the maximum AUMI drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for AUAU and AUMI.

Drawdown Indicators

	AUAU	AUMI	Difference
Max Drawdown Largest peak-to-trough decline	-31.20%	-34.59%	+3.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.59%	—
Current Drawdown Current decline from peak	-31.20%	-34.59%	+3.39%
Average Drawdown Average peak-to-trough decline	-12.89%	-7.14%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.77%	—

Volatility

Volatility by Period

	AUAU	AUMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.93%	48.75%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.93%	41.89%	+10.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.93%	41.89%	+10.04%

AUAU vs. AUMI - Expense Ratio Comparison

Both AUAU and AUMI have an expense ratio of 0.35%.

Dividends

AUAU vs. AUMI - Dividend Comparison

AUAU has not paid dividends to shareholders, while AUMI's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024
AUAU Global X Gold Miners ETF	0.00%	0.00%	0.00%
AUMI Themes Gold Miners ETF	0.99%	0.86%	1.84%

Frequently Asked Questions

Can I hold both AUAU and AUMI in my portfolio?

With a correlation of 0.97, AUAU and AUMI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AUAU or AUMI?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAU or AUMI?

AUAU and AUMI have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, AUAU or AUMI?

AUMI has the higher dividend yield at 0.99%, compared with 0.00% for AUAU.

What is the main difference between AUAU and AUMI?

AUAU tracks NYSE Arca Gold Miners Index, while AUMI tracks Solactive Global Pure Gold Miners Index. They also come from different issuers: Global X and Themes.