GOEX vs. GLD

In the year-to-date period, GOEX achieves a 38.34% return, which is significantly higher than GLD's 23.15% return. Over the past 10 years, GOEX has outperformed GLD with an annualized return of 12.35%, while GLD has yielded a comparatively lower 9.79% annualized return.

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GOEX has a 0.65% expense ratio, which is higher than GLD's 0.40% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and SPDR Gold Trust (GLD). 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.

The current GOEX Sharpe Ratio is 1.23, which is lower than the GLD Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of GOEX and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

GOEX's dividend yield for the trailing twelve months is around 1.78%, while GLD has not paid dividends to shareholders.

The maximum GOEX drawdown since its inception was -88.83%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GOEX and GLD. For additional features, visit the drawdowns tool.

Global X Gold Explorers ETF (GOEX) has a higher volatility of 14.55% compared to SPDR Gold Trust (GLD) at 8.82%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.