SGDJ vs. GOEX

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Junior Gold Miners ETF (SGDJ) and Global X Gold Explorers ETF (GOEX).

SGDJ and GOEX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGDJ is a passively managed fund by Sprott that tracks the performance of the Solactive Junior Gold Miners Custom Factors Index. It was launched on Mar 31, 2015. 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. Both SGDJ and GOEX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SGDJ vs. GOEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Gold Miners ETF (SGDJ) and Global X Gold Explorers ETF (GOEX). The values are adjusted to include any dividend payments, if applicable.

SGDJ vs. GOEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGDJ Sprott Junior Gold Miners ETF	6.92%	174.44%	19.35%	6.66%	-27.60%	-15.12%	47.91%	37.00%	-25.63%	5.94%
GOEX Global X Gold Explorers ETF	10.58%	179.50%	19.38%	1.99%	-14.63%	-14.45%	34.98%	36.73%	-14.84%	12.61%

Returns By Period

In the year-to-date period, SGDJ achieves a 6.92% return, which is significantly lower than GOEX's 10.58% return. Over the past 10 years, SGDJ has underperformed GOEX with an annualized return of 15.04%, while GOEX has yielded a comparatively higher 20.19% annualized return.

SGDJ

• 1D: 4.50%
• 1M: -21.22%
• YTD: 6.92%
• 6M: 31.71%
• 1Y: 132.50%
• 3Y*: 47.73%
• 5Y*: 21.70%
• 10Y*: 15.04%

GOEX

• 1D: 5.30%
• 1M: -18.39%
• YTD: 10.58%
• 6M: 31.90%
• 1Y: 142.11%
• 3Y*: 49.82%
• 5Y*: 26.17%
• 10Y*: 20.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGDJ vs. GOEX - Expense Ratio Comparison

SGDJ has a 0.50% expense ratio, which is lower than GOEX's 0.65% expense ratio.

GOEX

Global X Gold Explorers ETF

SGDJ

Sprott Junior Gold Miners ETF

Return for Risk

SGDJ vs. GOEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGDJ

SGDJ Risk / Return Rank: 93
SGDJ Sharpe Ratio Rank: 96
SGDJ Sortino Ratio Rank: 91
SGDJ Omega Ratio Rank: 90
SGDJ Calmar Ratio Rank: 94
SGDJ Martin Ratio Rank: 93

GOEX

GOEX Risk / Return Rank: 94
GOEX Sharpe Ratio Rank: 97
GOEX Sortino Ratio Rank: 93
GOEX Omega Ratio Rank: 92
GOEX Calmar Ratio Rank: 95
GOEX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGDJ vs. GOEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Gold Miners ETF (SGDJ) and Global X Gold Explorers ETF (GOEX). 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.

	SGDJ	GOEX	Difference
Sharpe ratio Return per unit of total volatility	2.63	2.83	-0.20
Sortino ratio Return per unit of downside risk	2.71	2.88	-0.17
Omega ratio Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio Return relative to maximum drawdown	3.90	4.25	-0.35
Martin ratio Return relative to average drawdown	14.05	14.99	-0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGDJ vs. GOEX - Sharpe Ratio Comparison

The current SGDJ Sharpe Ratio is 2.63, which is comparable to the GOEX Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of SGDJ and GOEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SGDJ	GOEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.83	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.68	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.50	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.04	+0.33

Correlation

The correlation between SGDJ and GOEX is 0.91, 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

SGDJ vs. GOEX - Dividend Comparison

SGDJ's dividend yield for the trailing twelve months is around 7.83%, more than GOEX's 1.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGDJ Sprott Junior Gold Miners ETF	7.83%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%
GOEX Global X Gold Explorers ETF	1.88%	2.08%	2.46%	0.05%	1.04%	2.35%	2.62%	1.60%	0.00%	0.00%	38.91%	11.70%

Drawdowns

SGDJ vs. GOEX - Drawdown Comparison

The maximum SGDJ drawdown since its inception was -59.27%, smaller than the maximum GOEX drawdown of -88.83%. Use the drawdown chart below to compare losses from any high point for SGDJ and GOEX.

Drawdown Indicators

	SGDJ	GOEX	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-88.83%	+29.56%
Max Drawdown (1Y) Largest decline over 1 year	-33.22%	-32.78%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-56.82%	-47.16%	-9.66%
Max Drawdown (10Y) Largest decline over 10 years	-59.27%	-53.66%	-5.61%
Current Drawdown Current decline from peak	-22.05%	-18.39%	-3.66%
Average Drawdown Average peak-to-trough decline	-26.33%	-64.05%	+37.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.22%	9.30%	-0.08%

Volatility

SGDJ vs. GOEX - Volatility Comparison

Sprott Junior Gold Miners ETF (SGDJ) and Global X Gold Explorers ETF (GOEX) have volatilities of 18.92% and 18.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGDJ	GOEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.92%	18.88%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	42.20%	42.54%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	50.65%	50.49%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.92%	38.58%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.25%	40.49%	+0.76%