GDX vs. GOAU
Compare and contrast key facts about VanEck Vectors Gold Miners ETF (GDX) and US Global GO GOLD and Precious Metal Miners ETF (GOAU).
GDX and GOAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. GOAU is a passively managed fund by US Global Investors that tracks the performance of the U.S. Global GO GOLD and Precious Metal Miners Index. It was launched on Jun 27, 2017. Both GDX and GOAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDX or GOAU.
Key characteristics
| GDX | GOAU | |
|---|---|---|
| YTD Return | 8.29% | 10.30% |
| 1Y Return | -2.09% | -5.38% |
| 3Y Return (Ann) | -0.34% | -1.87% |
| 5Y Return (Ann) | 12.02% | 11.21% |
| Sharpe Ratio | -0.06 | -0.13 |
| Daily Std Dev | 30.46% | 30.62% |
| Max Drawdown | -80.57% | -55.41% |
| Current Drawdown | -43.38% | -24.84% |
Correlation
The correlation between GDX and GOAU is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDX vs. GOAU - Performance Comparison
In the year-to-date period, GDX achieves a 8.29% return, which is significantly lower than GOAU's 10.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GDX vs. GOAU - Expense Ratio Comparison
GDX has a 0.53% expense ratio, which is lower than GOAU's 0.60% expense ratio.
Risk-Adjusted Performance
GDX vs. GOAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Gold Miners ETF (GDX) and US Global GO GOLD and Precious Metal Miners ETF (GOAU). 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.
Dividends
GDX vs. GOAU - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 1.49%, more than GOAU's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 1.49% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
GOAU US Global GO GOLD and Precious Metal Miners ETF | 0.90% | 0.99% | 1.55% | 1.28% | 0.74% | 0.16% | 0.47% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GDX vs. GOAU - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.57%, which is greater than GOAU's maximum drawdown of -55.41%. Use the drawdown chart below to compare losses from any high point for GDX and GOAU. For additional features, visit the drawdowns tool.
Volatility
GDX vs. GOAU - Volatility Comparison
VanEck Vectors Gold Miners ETF (GDX) has a higher volatility of 9.96% compared to US Global GO GOLD and Precious Metal Miners ETF (GOAU) at 8.82%. This indicates that GDX's price experiences larger fluctuations and is considered to be riskier than GOAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.