GOEX vs. URA
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and Global X Uranium ETF (URA).
GOEX and URA 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. URA is a passively managed fund by Global X that tracks the performance of the Solactive Global Uranium & Nuclear Components Index. It was launched on Nov 4, 2010. Both GOEX and URA 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 URA.
Correlation
The correlation between GOEX and URA is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOEX vs. URA - Performance Comparison
Key characteristics
GOEX:
1.66
URA:
-0.12
GOEX:
2.22
URA:
0.09
GOEX:
1.27
URA:
1.01
GOEX:
0.76
URA:
-0.06
GOEX:
6.85
URA:
-0.36
GOEX:
8.21%
URA:
12.76%
GOEX:
33.95%
URA:
37.50%
GOEX:
-88.83%
URA:
-93.54%
GOEX:
-58.29%
URA:
-71.77%
Returns By Period
In the year-to-date period, GOEX achieves a 14.20% return, which is significantly higher than URA's -2.69% return. Over the past 10 years, GOEX has outperformed URA with an annualized return of 10.92%, while URA has yielded a comparatively lower 4.68% annualized return.
GOEX
14.20%
4.10%
6.59%
59.35%
5.88%
10.92%
URA
-2.69%
-14.14%
-0.16%
-3.39%
23.83%
4.68%
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GOEX vs. URA - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is lower than URA's 0.69% expense ratio.
Risk-Adjusted Performance
GOEX vs. URA — Risk-Adjusted Performance Rank
GOEX
URA
GOEX vs. URA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and Global X Uranium ETF (URA). 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. URA - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 2.16%, less than URA's 2.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 2.16% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% | 0.13% |
URA Global X Uranium ETF | 2.94% | 2.86% | 6.07% | 0.76% | 5.85% | 1.69% | 1.66% | 0.45% | 2.03% | 7.28% | 1.96% | 4.28% |
Drawdowns
GOEX vs. URA - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for GOEX and URA. For additional features, visit the drawdowns tool.
Volatility
GOEX vs. URA - Volatility Comparison
The current volatility for Global X Gold Explorers ETF (GOEX) is 9.57%, while Global X Uranium ETF (URA) has a volatility of 15.34%. This indicates that GOEX experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.