YGLD vs. GOEX

Last updated Jun 23, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and GOEX (Global X Gold Explorers ETF) are both Gold funds. YGLD is actively managed, while GOEX is passively managed. Over the past year, YGLD returned 14.92% vs 67.83% for GOEX. A 0.76 correlation means they provide meaningful diversification when combined. YGLD charges 0.50%/yr vs 0.65%/yr for GOEX.

Performance

YGLD vs. GOEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and Global X Gold Explorers ETF (GOEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YGLD achieves a -14.78% return, which is significantly lower than GOEX's -6.42% return.

YGLD

• 1D: -0.63%
• 1M: -10.34%
• YTD: -14.78%
• 6M: -20.66%
• 1Y: 14.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOEX

• 1D: -0.12%
• 1M: -2.47%
• YTD: -6.42%
• 6M: -11.26%
• 1Y: 67.83%
• 3Y*: 49.11%
• 5Y*: 20.81%
• 10Y*: 12.52%

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

YGLD vs. GOEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-14.78%	96.82%	-4.26%
GOEX Global X Gold Explorers ETF	-6.42%	179.50%	-5.84%

Correlation

The correlation between YGLD and GOEX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.76

The correlation between YGLD and GOEX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

YGLD vs. GOEX — Risk / Return Rank

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

YGLD

YGLD Risk / Return Rank: 14
YGLD Sharpe Ratio Rank: 13
YGLD Sortino Ratio Rank: 14
YGLD Omega Ratio Rank: 16
YGLD Calmar Ratio Rank: 12
YGLD Martin Ratio Rank: 12

GOEX

GOEX Risk / Return Rank: 35
GOEX Sharpe Ratio Rank: 38
GOEX Sortino Ratio Rank: 34
GOEX Omega Ratio Rank: 37
GOEX Calmar Ratio Rank: 35
GOEX Martin Ratio Rank: 32

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.

YGLD vs. GOEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	YGLD	GOEX	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.33	-0.97
Sortino ratio: Return per unit of downside risk	0.73	1.76	-1.04
Omega ratio: Gain probability vs. loss probability	1.10	1.24	-0.14
Calmar ratio: Return relative to maximum drawdown	0.37	1.72	-1.35
Martin ratio: Return relative to average drawdown	0.89	4.61	-3.72

YGLD vs. GOEX - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.36, which is lower than the GOEX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of YGLD and GOEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YGLD vs. GOEX - Drawdown Comparison

The maximum YGLD drawdown since its inception was -40.91%, smaller than the maximum GOEX drawdown of -88.83%. Use the drawdown chart below to compare losses from any high point for YGLD and GOEX.

Drawdown Indicators

	YGLD	GOEX	Difference
Max Drawdown Largest peak-to-trough decline	-40.91%	-88.83%	+47.92%
Max Drawdown (1Y) Largest decline over 1 year	-40.91%	-39.64%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-39.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.16%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.66%	—
Current Drawdown Current decline from peak	-38.50%	-30.93%	-7.57%
Average Drawdown Average peak-to-trough decline	-8.79%	-63.48%	+54.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.89%	14.77%	+2.12%

Volatility

YGLD vs. GOEX - Volatility Comparison

The current volatility for Simplify Gold Strategy PLUS Income ETF (YGLD) is 11.70%, while Global X Gold Explorers ETF (GOEX) has a volatility of 17.87%. This indicates that YGLD 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.

Volatility by Period

	YGLD	GOEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.70%	17.87%	-6.17%
Volatility (6M) Calculated over the trailing 6-month period	36.28%	42.43%	-6.15%
Volatility (1Y) Calculated over the trailing 1-year period	41.63%	51.38%	-9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.45%	39.52%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.45%	40.19%	-0.74%

YGLD vs. GOEX - Expense Ratio Comparison

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

Dividends

YGLD vs. GOEX - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 20.93%, more than GOEX's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOEX Global X Gold Explorers ETF	2.22%	2.08%	2.46%	0.05%	1.04%	2.35%	2.62%	1.60%	0.00%	0.00%	38.91%	11.70%
YGLD Simplify Gold Strategy PLUS Income ETF	20.93%	12.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YGLD and GOEX in my portfolio?

YGLD and GOEX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YGLD or GOEX?

GOEX has higher volatility (17.87%) compared to YGLD (11.70%). In terms of maximum drawdown, YGLD dropped -40.91% vs GOEX's -88.83%.

Which ETF is better, YGLD or GOEX?

On 1-year performance, GOEX leads with 67.83% vs 14.92% for YGLD. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 11.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or GOEX?

Over the 1-year period, GOEX has performed better with a 67.83% return vs 14.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or GOEX?

YGLD is cheaper with a 0.50% expense ratio, compared with 0.65% for GOEX.

Which ETF pays a higher dividend yield, YGLD or GOEX?

YGLD has the higher dividend yield at 20.93%, compared with 2.22% for GOEX.

What is the main difference between YGLD and GOEX?

They also come from different issuers: Simplify and Global X. Their fees differ too: 0.50% for YGLD and 0.65% for GOEX.

Which has better risk-adjusted returns?

GOEX currently has the higher Sharpe Ratio (1.33 vs 0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.