GOEX vs. XME
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and SPDR S&P Metals & Mining ETF (XME).
GOEX and XME 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. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. Both GOEX and XME 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 XME.
Correlation
The correlation between GOEX and XME is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOEX vs. XME - Performance Comparison
Key characteristics
GOEX:
0.62
XME:
-0.06
GOEX:
1.05
XME:
0.10
GOEX:
1.12
XME:
1.01
GOEX:
0.29
XME:
-0.05
GOEX:
2.41
XME:
-0.21
GOEX:
8.82%
XME:
7.03%
GOEX:
34.38%
XME:
25.50%
GOEX:
-88.83%
XME:
-85.94%
GOEX:
-63.06%
XME:
-23.36%
Returns By Period
In the year-to-date period, GOEX achieves a 20.73% return, which is significantly higher than XME's -3.17% return. Over the past 10 years, GOEX has outperformed XME with an annualized return of 11.11%, while XME has yielded a comparatively lower 8.31% annualized return.
GOEX
20.73%
-5.42%
9.25%
19.09%
6.29%
11.11%
XME
-3.17%
-13.97%
-2.49%
-1.45%
16.46%
8.31%
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GOEX vs. XME - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than XME's 0.35% expense ratio.
Risk-Adjusted Performance
GOEX vs. XME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) and SPDR S&P Metals & Mining ETF (XME). 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. XME - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 0.02%, less than XME's 0.53% 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% |
XME SPDR S&P Metals & Mining ETF | 0.53% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% | 1.32% |
Drawdowns
GOEX vs. XME - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, roughly equal to the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for GOEX and XME. For additional features, visit the drawdowns tool.
Volatility
GOEX vs. XME - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 10.72% compared to SPDR S&P Metals & Mining ETF (XME) at 6.52%. This indicates that GOEX's price experiences larger fluctuations and is considered to be riskier than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.