GOEX vs. A1G.AX
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and African Gold Limited (A1G.AX).
GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 2010.
Performance
GOEX vs. A1G.AX - Performance Comparison
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GOEX vs. A1G.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 5.01% | 179.50% | 19.38% | 1.99% | -14.63% | -14.45% | 34.98% | 25.54% |
A1G.AX African Gold Limited | 50.13% | 1,193.76% | 85.02% | -66.26% | -50.81% | -15.45% | 58.35% | -44.01% |
Different Trading Currencies
GOEX is traded in USD, while A1G.AX is traded in AUD. To make them comparable, the A1G.AX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOEX achieves a 5.01% return, which is significantly lower than A1G.AX's 50.13% return.
GOEX
- 1D
- 7.98%
- 1M
- -21.75%
- YTD
- 5.01%
- 6M
- 27.17%
- 1Y
- 127.38%
- 3Y*
- 47.26%
- 5Y*
- 24.87%
- 10Y*
- 19.57%
A1G.AX
- 1D
- 7.83%
- 1M
- -6.53%
- YTD
- 50.13%
- 6M
- 138.09%
- 1Y
- 1,002.57%
- 3Y*
- 147.78%
- 5Y*
- 35.15%
- 10Y*
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Return for Risk
GOEX vs. A1G.AX — Risk / Return Rank
GOEX
A1G.AX
GOEX vs. A1G.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and African Gold Limited (A1G.AX). 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.
| GOEX | A1G.AX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.55 | 8.73 | -6.18 |
Sortino ratioReturn per unit of downside risk | 2.69 | 5.33 | -2.64 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.66 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 3.90 | 24.96 | -21.06 |
Martin ratioReturn relative to average drawdown | 13.83 | 65.49 | -51.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOEX | A1G.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 8.73 | -6.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.31 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.20 | -0.17 |
Correlation
The correlation between GOEX and A1G.AX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GOEX vs. A1G.AX - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 1.98%, while A1G.AX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 1.98% | 2.08% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% |
A1G.AX African Gold Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOEX vs. A1G.AX - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, roughly equal to the maximum A1G.AX drawdown of -92.69%. Use the drawdown chart below to compare losses from any high point for GOEX and A1G.AX.
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Drawdown Indicators
| GOEX | A1G.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.83% | -91.90% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -32.78% | -37.36% | +4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | -91.90% | +44.74% |
Max Drawdown (10Y)Largest decline over 10 years | -53.66% | — | — |
Current DrawdownCurrent decline from peak | -22.50% | -11.16% | -11.34% |
Average DrawdownAverage peak-to-trough decline | -64.06% | -52.07% | -11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.24% | 14.22% | -4.98% |
Volatility
GOEX vs. A1G.AX - Volatility Comparison
The current volatility for Global X Gold Explorers ETF (GOEX) is 19.89%, while African Gold Limited (A1G.AX) has a volatility of 22.40%. This indicates that GOEX experiences smaller price fluctuations and is considered to be less risky than A1G.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOEX | A1G.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 22.40% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 42.25% | 74.42% | -32.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.25% | 115.70% | -65.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.54% | 111.59% | -73.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.46% | 113.81% | -73.35% |