GOEX vs. VOO
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and Vanguard S&P 500 ETF (VOO).
GOEX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both GOEX and VOO 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 VOO.
Correlation
The correlation between GOEX and VOO is 0.22, 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. VOO - Performance Comparison
Key characteristics
GOEX:
0.55
VOO:
2.22
GOEX:
0.96
VOO:
2.95
GOEX:
1.11
VOO:
1.42
GOEX:
0.25
VOO:
3.27
GOEX:
2.11
VOO:
14.57
GOEX:
8.89%
VOO:
1.90%
GOEX:
34.36%
VOO:
12.47%
GOEX:
-88.83%
VOO:
-33.99%
GOEX:
-63.16%
VOO:
-1.77%
Returns By Period
In the year-to-date period, GOEX achieves a 20.39% return, which is significantly lower than VOO's 26.92% return. Over the past 10 years, GOEX has underperformed VOO with an annualized return of 10.25%, while VOO has yielded a comparatively higher 13.12% annualized return.
GOEX
20.39%
-7.30%
8.31%
16.70%
5.01%
10.25%
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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GOEX vs. VOO - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
GOEX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 0.02%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 0.02% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% | 0.13% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
GOEX vs. VOO - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GOEX and VOO. For additional features, visit the drawdowns tool.
Volatility
GOEX vs. VOO - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 10.59% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.