GOEX vs. NEM
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and Newmont Goldcorp Corporation (NEM).
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.
Performance
GOEX vs. NEM - Performance Comparison
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GOEX vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 5.01% | 179.50% | 19.38% | 1.99% | -14.63% | -14.45% | 34.98% | 36.73% | -14.84% | 12.61% |
NEM Newmont Goldcorp Corporation | 8.63% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Returns By Period
In the year-to-date period, GOEX achieves a 5.01% return, which is significantly lower than NEM's 8.63% return. Over the past 10 years, GOEX has outperformed NEM with an annualized return of 19.57%, while NEM has yielded a comparatively lower 17.90% annualized 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%
NEM
- 1D
- 4.97%
- 1M
- -16.56%
- YTD
- 8.63%
- 6M
- 29.03%
- 1Y
- 127.13%
- 3Y*
- 33.46%
- 5Y*
- 15.27%
- 10Y*
- 17.90%
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Return for Risk
GOEX vs. NEM — Risk / Return Rank
GOEX
NEM
GOEX vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and Newmont Goldcorp Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.55 | 2.78 | -0.23 |
Sortino ratioReturn per unit of downside risk | 2.69 | 2.89 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.90 | 4.70 | -0.80 |
Martin ratioReturn relative to average drawdown | 13.83 | 15.66 | -1.83 |
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 | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.78 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.42 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.50 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.13 | -0.10 |
Correlation
The correlation between GOEX and NEM is 0.75, 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. NEM - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 1.98%, more than NEM's 0.93% 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% |
NEM Newmont Goldcorp Corporation | 0.93% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Drawdowns
GOEX vs. NEM - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for GOEX and NEM.
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Drawdown Indicators
| GOEX | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.83% | -81.30% | -7.53% |
Max Drawdown (1Y)Largest decline over 1 year | -32.78% | -27.25% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | -62.40% | +15.24% |
Max Drawdown (10Y)Largest decline over 10 years | -53.66% | -62.40% | +8.74% |
Current DrawdownCurrent decline from peak | -22.50% | -17.80% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -64.06% | -41.50% | -22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.24% | 8.18% | +1.06% |
Volatility
GOEX vs. NEM - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 19.89% compared to Newmont Goldcorp Corporation (NEM) at 15.18%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOEX | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 15.18% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 42.25% | 37.47% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.25% | 46.03% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.54% | 36.87% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.46% | 35.65% | +4.81% |