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GOAU vs. GDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

GOAU vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Global GO GOLD and Precious Metal Miners ETF (GOAU) and VanEck Vectors Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
1.06%
2.88%
GOAU
GDX

Key characteristics

Sharpe Ratio

GOAU:

0.32

GDX:

0.32

Sortino Ratio

GOAU:

0.65

GDX:

0.66

Omega Ratio

GOAU:

1.08

GDX:

1.08

Calmar Ratio

GOAU:

0.23

GDX:

0.18

Martin Ratio

GOAU:

1.20

GDX:

1.10

Ulcer Index

GOAU:

8.32%

GDX:

9.37%

Daily Std Dev

GOAU:

31.13%

GDX:

31.75%

Max Drawdown

GOAU:

-55.41%

GDX:

-80.57%

Current Drawdown

GOAU:

-23.60%

GDX:

-41.30%

Returns By Period

The year-to-date returns for both investments are quite close, with GOAU having a 12.12% return and GDX slightly higher at 12.27%.


GOAU

YTD

12.12%

1M

-11.34%

6M

1.06%

1Y

9.98%

5Y*

2.81%

10Y*

N/A

GDX

YTD

12.27%

1M

-9.05%

6M

2.88%

1Y

10.31%

5Y*

4.84%

10Y*

7.63%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GOAU vs. GDX - Expense Ratio Comparison

GOAU has a 0.60% expense ratio, which is higher than GDX's 0.53% expense ratio.


GOAU
US Global GO GOLD and Precious Metal Miners ETF
Expense ratio chart for GOAU: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for GDX: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

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.


Sharpe ratio
The chart of Sharpe ratio for GOAU, currently valued at 0.32, compared to the broader market0.002.004.000.320.32
The chart of Sortino ratio for GOAU, currently valued at 0.65, compared to the broader market-2.000.002.004.006.008.0010.000.650.66
The chart of Omega ratio for GOAU, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.001.081.08
The chart of Calmar ratio for GOAU, currently valued at 0.23, compared to the broader market0.005.0010.0015.000.230.27
The chart of Martin ratio for GOAU, currently valued at 1.20, compared to the broader market0.0020.0040.0060.0080.00100.001.201.10
GOAU
GDX

The current GOAU Sharpe Ratio is 0.32, which is comparable to the GDX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of GOAU and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.32
0.32
GOAU
GDX

Dividends

GOAU vs. GDX - Dividend Comparison

GOAU has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 1.17%.


TTM20232022202120202019201820172016201520142013
GOAU
US Global GO GOLD and Precious Metal Miners ETF
0.00%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
1.17%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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-23.60%
-21.04%
GOAU
GDX

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 9.09% and 9.27%, 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.


7.00%8.00%9.00%10.00%11.00%JulyAugustSeptemberOctoberNovemberDecember
9.09%
9.27%
GOAU
GDX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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