GOEX vs. EPU
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and iShares MSCI Peru ETF (EPU).
GOEX and EPU 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. EPU is a passively managed fund by iShares that tracks the performance of the MSCI All Peru Capped Index. It was launched on Jun 19, 2009. Both GOEX and EPU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GOEX vs. EPU - Performance Comparison
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GOEX vs. EPU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 10.58% | 179.50% | 19.38% | 1.99% | -14.63% | -14.45% | 34.98% | 36.73% | -14.84% | 12.61% |
EPU iShares MSCI Peru ETF | 14.25% | 86.87% | 21.73% | 25.34% | 2.05% | -11.81% | -4.31% | 7.30% | -12.17% | 29.70% |
Returns By Period
In the year-to-date period, GOEX achieves a 10.58% return, which is significantly lower than EPU's 14.25% return. Over the past 10 years, GOEX has outperformed EPU with an annualized return of 20.19%, while EPU has yielded a comparatively lower 15.87% annualized return.
GOEX
- 1D
- 5.30%
- 1M
- -18.39%
- YTD
- 10.58%
- 6M
- 31.90%
- 1Y
- 142.11%
- 3Y*
- 49.82%
- 5Y*
- 26.17%
- 10Y*
- 20.19%
EPU
- 1D
- 2.42%
- 1M
- -11.48%
- YTD
- 14.25%
- 6M
- 35.96%
- 1Y
- 89.75%
- 3Y*
- 45.24%
- 5Y*
- 24.03%
- 10Y*
- 15.87%
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GOEX vs. EPU - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than EPU's 0.59% expense ratio.
Return for Risk
GOEX vs. EPU — Risk / Return Rank
GOEX
EPU
GOEX vs. EPU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and iShares MSCI Peru ETF (EPU). 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 | EPU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.83 | 3.07 | -0.24 |
Sortino ratioReturn per unit of downside risk | 2.88 | 3.41 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 4.25 | 4.44 | -0.19 |
Martin ratioReturn relative to average drawdown | 14.99 | 18.15 | -3.16 |
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 | EPU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 3.07 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.96 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.67 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.45 | -0.41 |
Correlation
The correlation between GOEX and EPU is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GOEX vs. EPU - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 1.88%, more than EPU's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 1.88% | 2.08% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% |
EPU iShares MSCI Peru ETF | 1.43% | 1.63% | 5.78% | 4.17% | 5.56% | 3.13% | 1.91% | 2.67% | 1.53% | 3.30% | 0.85% | 1.90% |
Drawdowns
GOEX vs. EPU - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than EPU's maximum drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for GOEX and EPU.
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Drawdown Indicators
| GOEX | EPU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.83% | -60.62% | -28.21% |
Max Drawdown (1Y)Largest decline over 1 year | -32.78% | -20.85% | -11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | -35.59% | -11.57% |
Max Drawdown (10Y)Largest decline over 10 years | -53.66% | -50.97% | -2.69% |
Current DrawdownCurrent decline from peak | -18.39% | -11.91% | -6.48% |
Average DrawdownAverage peak-to-trough decline | -64.05% | -18.90% | -45.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.30% | 5.11% | +4.19% |
Volatility
GOEX vs. EPU - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 18.88% compared to iShares MSCI Peru ETF (EPU) at 13.10%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOEX | EPU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.88% | 13.10% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 42.54% | 24.12% | +18.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.49% | 29.37% | +21.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.58% | 25.09% | +13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.49% | 23.63% | +16.86% |