GOEX vs. EART
GOEX (Global X Gold Explorers ETF) and EART (Global X Rare Earth & Critical Materials ETF) are both Materials funds from Global X - GOEX tracks the Solactive Global Gold Explorers & Developers Total Return while EART tracks the Solactive Rare Earth & Critical Materials Index. Both are passively managed. Over the past 3 years, GOEX returned 46.31%/yr vs 21.75%/yr for EART. A 0.57 correlation means they provide meaningful diversification when combined. GOEX charges 0.65%/yr vs 0.59%/yr for EART.
Performance
GOEX vs. EART - Performance Comparison
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Returns By Period
In the year-to-date period, GOEX achieves a -5.02% return, which is significantly lower than EART's 17.65% return.
GOEX
- 1D
- -4.11%
- 1M
- -3.45%
- YTD
- -5.02%
- 6M
- 2.89%
- 1Y
- 64.25%
- 3Y*
- 46.31%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
EART
- 1D
- -1.81%
- 1M
- 2.78%
- YTD
- 17.65%
- 6M
- 28.34%
- 1Y
- 118.80%
- 3Y*
- 21.75%
- 5Y*
- —
- 10Y*
- —
GOEX vs. EART - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | -5.02% | 179.50% | 19.38% | 1.99% | -8.41% |
EART Global X Rare Earth & Critical Materials ETF | 17.65% | 98.48% | -7.19% | -19.75% | -16.33% |
Correlation
The correlation between GOEX and EART is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.57 |
The correlation between GOEX and EART has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
GOEX vs. EART — Risk / Return Rank
GOEX
EART
GOEX vs. EART - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and Global X Rare Earth & Critical Materials ETF (EART). 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 | EART | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.45 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 4.59 | -2.62 |
| Martin ratioReturn relative to average drawdown | 4.94 | 14.55 | -9.61 |
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 | EART | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 3.15 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.27 | -0.25 |
Drawdowns
GOEX vs. EART - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than EART's maximum drawdown of -53.68%. Use the drawdown chart below to compare losses from any high point for GOEX and EART.
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Drawdown Indicators
| GOEX | EART | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.83% | -53.68% | -35.15% |
Max Drawdown (1Y)Largest decline over 1 year | -32.78% | -26.03% | -6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -32.78% | -37.20% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.66% | — | — |
Current DrawdownCurrent decline from peak | -29.90% | -10.88% | -19.02% |
Average DrawdownAverage peak-to-trough decline | -63.59% | -29.15% | -34.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.04% | 8.19% | +4.85% |
Volatility
GOEX vs. EART - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 14.62% compared to Global X Rare Earth & Critical Materials ETF (EART) at 11.14%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than EART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOEX | EART | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.62% | 11.14% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 39.87% | 31.37% | +8.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.13% | 37.95% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.00% | 33.97% | +5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.97% | 33.97% | +6.00% |
GOEX vs. EART - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than EART's 0.59% expense ratio.
Dividends
GOEX vs. EART - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 2.19%, more than EART's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EART Global X Rare Earth & Critical Materials ETF | 0.55% | 0.65% | 1.06% | 1.83% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOEX Global X Gold Explorers ETF | 2.19% | 2.08% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% |
Frequently Asked Questions
GOEX and EART have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOEX has higher volatility (14.62%) compared to EART (11.14%). In terms of maximum drawdown, GOEX dropped -88.83% vs EART's -53.68%.
On 3-year performance, GOEX leads with 46.31% vs 21.75% for EART. On fees, EART is cheaper at 0.59% per year. On volatility, EART has been the lower-risk option at 11.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GOEX has performed better with a 46.31% return vs 21.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EART is cheaper with a 0.59% expense ratio, compared with 0.65% for GOEX.
GOEX has the higher dividend yield at 2.19%, compared with 0.55% for EART.
GOEX tracks Solactive Global Gold Explorers & Developers Total Return, while EART tracks Solactive Rare Earth & Critical Materials Index. Their fees differ too: 0.65% for GOEX and 0.59% for EART.
EART currently has the higher Sharpe Ratio (3.15 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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