GOEX vs. DIA
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and SPDR Dow Jones Industrial Average ETF (DIA).
GOEX and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both GOEX and DIA 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: GOEX or DIA.
Correlation
The correlation between GOEX and DIA is 0.19, 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.
Performance
GOEX vs. DIA - Performance Comparison
Key characteristics
GOEX:
0.47
DIA:
1.57
GOEX:
0.87
DIA:
2.25
GOEX:
1.10
DIA:
1.29
GOEX:
0.22
DIA:
2.92
GOEX:
1.81
DIA:
8.44
GOEX:
8.97%
DIA:
2.09%
GOEX:
34.30%
DIA:
11.27%
GOEX:
-88.83%
DIA:
-51.87%
GOEX:
-63.31%
DIA:
-3.81%
Returns By Period
In the year-to-date period, GOEX achieves a 19.92% return, which is significantly higher than DIA's 16.71% return. Over the past 10 years, GOEX has underperformed DIA with an annualized return of 10.20%, while DIA has yielded a comparatively higher 11.47% annualized return.
GOEX
19.92%
-7.67%
10.04%
16.24%
4.14%
10.20%
DIA
16.71%
-2.12%
11.51%
17.67%
10.72%
11.47%
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GOEX vs. DIA - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
GOEX vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and SPDR Dow Jones Industrial Average ETF (DIA). 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
GOEX vs. DIA - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 0.02%, less than DIA's 1.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 0.02% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% | 0.13% | 0.00% |
DIA SPDR Dow Jones Industrial Average ETF | 1.58% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
Drawdowns
GOEX vs. DIA - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for GOEX and DIA. For additional features, visit the drawdowns tool.
Volatility
GOEX vs. DIA - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 10.56% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 3.62%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.