SGDM vs. GOEX
Compare and contrast key facts about Sprott Gold Miners ETF (SGDM) and Global X Gold Explorers ETF (GOEX).
SGDM and GOEX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGDM is a passively managed fund by Sprott that tracks the performance of the Solactive Gold Miners Custom Factors Index. It was launched on Jul 15, 2014. 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 SGDM 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
SGDM vs. GOEX - Performance Comparison
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SGDM vs. GOEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 8.42% | 153.46% | 12.14% | 2.34% | -8.23% | -9.15% | 21.85% | 44.27% | -15.14% | 10.46% |
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% |
Returns By Period
In the year-to-date period, SGDM achieves a 8.42% return, which is significantly higher than GOEX's 5.01% return. Over the past 10 years, SGDM has underperformed GOEX with an annualized return of 15.92%, while GOEX has yielded a comparatively higher 19.57% annualized return.
SGDM
- 1D
- 6.91%
- 1M
- -20.65%
- YTD
- 8.42%
- 6M
- 23.04%
- 1Y
- 101.07%
- 3Y*
- 40.36%
- 5Y*
- 23.53%
- 10Y*
- 15.92%
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%
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SGDM vs. GOEX - Expense Ratio Comparison
SGDM has a 0.50% expense ratio, which is lower than GOEX's 0.65% expense ratio.
Return for Risk
SGDM vs. GOEX — Risk / Return Rank
SGDM
GOEX
SGDM vs. GOEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) 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.
| SGDM | GOEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 2.55 | -0.32 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.69 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.90 | -0.48 |
Martin ratioReturn relative to average drawdown | 12.43 | 13.83 | -1.40 |
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
| SGDM | GOEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.55 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.65 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.49 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.03 | +0.25 |
Correlation
The correlation between SGDM and GOEX is 0.90, 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
SGDM vs. GOEX - Dividend Comparison
SGDM's dividend yield for the trailing twelve months is around 0.96%, less than GOEX's 1.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 0.96% | 1.04% | 1.04% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.58% | 0.02% | 1.47% |
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% |
Drawdowns
SGDM vs. GOEX - Drawdown Comparison
The maximum SGDM drawdown since its inception was -54.95%, smaller than the maximum GOEX drawdown of -88.83%. Use the drawdown chart below to compare losses from any high point for SGDM and GOEX.
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Drawdown Indicators
| SGDM | GOEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.95% | -88.83% | +33.88% |
Max Drawdown (1Y)Largest decline over 1 year | -30.04% | -32.78% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -45.06% | -47.16% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -49.69% | -53.66% | +3.97% |
Current DrawdownCurrent decline from peak | -20.81% | -22.50% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -25.53% | -64.06% | +38.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.26% | 9.24% | -0.98% |
Volatility
SGDM vs. GOEX - Volatility Comparison
The current volatility for Sprott Gold Miners ETF (SGDM) is 17.60%, while Global X Gold Explorers ETF (GOEX) has a volatility of 19.89%. This indicates that SGDM experiences smaller price fluctuations and is considered to be less risky than GOEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGDM | GOEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.60% | 19.89% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 38.07% | 42.25% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.52% | 50.25% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.27% | 38.54% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.05% | 40.46% | -3.41% |