AUMI vs. AUAU

Last updated Jun 6, 2026

AUMI (Themes Gold Miners ETF) and AUAU (Global X Gold Miners ETF) are both Gold funds - AUMI tracks the Solactive Global Pure Gold Miners Index while AUAU tracks the NYSE Arca 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

AUMI vs. AUAU - Performance Comparison

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

Returns By Period

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

AUMI

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

AUAU

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

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

AUMI vs. AUAU - Yearly Performance Comparison

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

Correlation

The correlation between AUMI and AUAU 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

AUMI vs. AUAU — 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.

AUMI vs. AUAU - Risk-Adjusted Trends Comparison

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

	AUMI	AUAU	Difference
Sharpe ratio: Return per unit of total volatility	0.80	—	—
Sortino ratio: Return per unit of downside risk	1.26	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.13	—	—
Martin ratio: Return relative to average drawdown	3.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

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

Drawdowns

AUMI vs. AUAU - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

	AUMI	AUAU	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	48.75%	51.93%	-3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.89%	51.93%	-10.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.89%	51.93%	-10.04%

AUMI vs. AUAU - Expense Ratio Comparison

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

Dividends

AUMI vs. AUAU - Dividend Comparison

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

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 AUMI and AUAU in my portfolio?

With a correlation of 0.97, AUMI and AUAU 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, AUMI or AUAU?

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, AUMI or AUAU?

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

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

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

What is the main difference between AUMI and AUAU?

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