GOEX vs. GDMN
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN).
GOEX and GDMN 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. GDMN is an actively managed fund by WisdomTree. It was launched on Dec 16, 2021.
Performance
GOEX vs. GDMN - Performance Comparison
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GOEX vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 5.01% | 179.50% | 19.38% | 1.99% | -14.63% | 4.20% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 8.77% | 237.09% | 28.23% | 12.97% | -14.62% | 5.11% |
Returns By Period
In the year-to-date period, GOEX achieves a 5.01% return, which is significantly lower than GDMN's 8.77% 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%
GDMN
- 1D
- 9.38%
- 1M
- -27.72%
- YTD
- 8.77%
- 6M
- 31.63%
- 1Y
- 140.14%
- 3Y*
- 65.41%
- 5Y*
- —
- 10Y*
- —
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GOEX vs. GDMN - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than GDMN's 0.45% expense ratio.
Return for Risk
GOEX vs. GDMN — Risk / Return Rank
GOEX
GDMN
GOEX vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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 | GDMN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.55 | 2.20 | +0.35 |
Sortino ratioReturn per unit of downside risk | 2.69 | 2.34 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.69 | +0.21 |
Martin ratioReturn relative to average drawdown | 13.83 | 12.63 | +1.20 |
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 | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.20 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
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 | 0.94 | -0.90 |
Correlation
The correlation between GOEX and GDMN 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.
Dividends
GOEX vs. GDMN - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 1.98%, less than GDMN's 2.48% yield.
| 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% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.48% | 2.70% | 9.44% | 7.69% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOEX vs. GDMN - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than GDMN's maximum drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for GOEX and GDMN.
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Drawdown Indicators
| GOEX | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.83% | -52.82% | -36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -32.78% | -39.03% | +6.25% |
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 | -22.50% | -28.60% | +6.10% |
Average DrawdownAverage peak-to-trough decline | -64.06% | -18.45% | -45.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.24% | 11.39% | -2.15% |
Volatility
GOEX vs. GDMN - Volatility Comparison
The current volatility for Global X Gold Explorers ETF (GOEX) is 19.89%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 24.97%. This indicates that GOEX experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOEX | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 24.97% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 42.25% | 53.89% | -11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.25% | 63.99% | -13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.54% | 47.19% | -8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.46% | 47.19% | -6.73% |