GOAU vs. GDX
Compare and contrast key facts about US Global GO GOLD and Precious Metal Miners ETF (GOAU) and VanEck Vectors Gold Miners ETF (GDX).
GOAU and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both GOAU and GDX 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: GOAU or GDX.
Key characteristics
| GOAU | GDX | |
|---|---|---|
| YTD Return | 17.01% | 14.67% |
| 1Y Return | 27.76% | 27.58% |
| 3Y Return (Ann) | 0.89% | 2.47% |
| 5Y Return (Ann) | 6.00% | 7.23% |
| Sharpe Ratio | 1.09 | 1.05 |
| Sortino Ratio | 1.62 | 1.56 |
| Omega Ratio | 1.20 | 1.19 |
| Calmar Ratio | 0.80 | 0.60 |
| Martin Ratio | 4.82 | 4.42 |
| Ulcer Index | 7.10% | 7.62% |
| Daily Std Dev | 31.45% | 32.21% |
| Max Drawdown | -55.41% | -80.57% |
| Current Drawdown | -20.27% | -40.04% |
Correlation
The correlation between GOAU and GDX is 0.93, 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
GOAU vs. GDX - Performance Comparison
In the year-to-date period, GOAU achieves a 17.01% return, which is significantly higher than GDX's 14.67% 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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GOAU vs. GDX - Expense Ratio Comparison
GOAU has a 0.60% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
GOAU vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Global GO GOLD and Precious Metal Miners ETF (GOAU) and VanEck Vectors Gold Miners ETF (GDX). 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
GOAU vs. GDX - Dividend Comparison
GOAU's dividend yield for the trailing twelve months is around 0.85%, less than GDX's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOAU US Global GO GOLD and Precious Metal Miners ETF | 0.85% | 0.99% | 1.55% | 1.28% | 0.74% | 0.16% | 0.47% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.41% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
GOAU vs. GDX - Drawdown Comparison
The maximum GOAU drawdown since its inception was -55.41%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GOAU and GDX. For additional features, visit the drawdowns tool.
Volatility
GOAU vs. GDX - Volatility Comparison
US Global GO GOLD and Precious Metal Miners ETF (GOAU) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 10.62% and 10.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.