GOEX vs. IAU
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and iShares Gold Trust (IAU).
GOEX and IAU 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. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both GOEX and IAU 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 IAU.
Key characteristics
| GOEX | IAU | |
|---|---|---|
| YTD Return | 12.07% | 14.19% |
| 1Y Return | 3.84% | 16.71% |
| 3Y Return (Ann) | -4.44% | 8.33% |
| 5Y Return (Ann) | 9.71% | 12.71% |
| 10Y Return (Ann) | 6.45% | 5.97% |
| Sharpe Ratio | 0.16 | 1.37 |
| Daily Std Dev | 32.44% | 12.34% |
| Max Drawdown | -88.83% | -45.14% |
| Current Drawdown | -65.71% | -1.35% |
Correlation
The correlation between GOEX and IAU is 0.73, 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.
Performance
GOEX vs. IAU - Performance Comparison
In the year-to-date period, GOEX achieves a 12.07% return, which is significantly lower than IAU's 14.19% return. Over the past 10 years, GOEX has outperformed IAU with an annualized return of 6.45%, while IAU has yielded a comparatively lower 5.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOEX vs. IAU - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
GOEX vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and iShares Gold Trust (IAU). 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. IAU - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 0.04%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 0.04% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% | 0.13% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOEX vs. IAU - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for GOEX and IAU. For additional features, visit the drawdowns tool.
Volatility
GOEX vs. IAU - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 9.59% compared to iShares Gold Trust (IAU) at 4.37%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.