GOEX
Global X Gold Explorers ETF
Global X Gold Explorers ETF seeks to track the performance of the Solactive Global Gold Explorers Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
95.2 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 03, 2010 |
| Assets (mns) | $95 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COEUR D'ALENE MINES CORP | 6.6 % |
| EQUINOX GOLD CORP. | 5.1 % |
| LUNDIN GOLD INC. | 5.0 % |
| HECLA MINING CO | 4.4 % |
| ELDORADO GOLD CORP | 3.9 % |
| NEW GOLD INC | 3.9 % |
| OCEANAGOLD CORP | 3.7 % |
| SSR MINING INC | 3.3 % |
| ALAMOS GOLD INC. | 3.2 % |
| RAMELIUS RESOURCES LTD | 3.1 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 294 |
| Wgt avg mkt cap (mns) | $5,147 |
| Large cap (>$10bn) | 8.2% |
| Mid cap ($2-10bn) | 63.4% |
| Small cap (<$2bn) | 22.9% |
| Developed mkts. | 92.5% |
| Emerging mkts. | 7.6% |
Country Exposure
 |
CANADA | 55.8 % |
 |
AUSTRALIA | 23.8 % |
 |
UNITED STATES | 11.4 % |
 |
INDONESIA | 4.8 % |
 |
SOUTH AFRICA | 1.9 % |
 |
BRITAIN | 1.7 % |
Historical Performance
Standardized Performance (as of 08/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 86.3% | 74.8% | 49.0% | 37.5% | 7.5% | 12.0% | -- | -5.8% |
| Dividend Yield | 0.0% | 4.3% | 1.8% | 1.5% | 1.8% | 6.6% | -- | 4.2% |
| Total Returns | 86.3% | 79.1% | 50.8% | 39.1% | 9.4% | 18.6% | -- | -1.6% | Ann. Volatility | 37.9% | 37.0% | 35.4% | 36.2% | 36.2% | 39.5% | -- | 41.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.61 | 7% |
| MSCI EAFE | 0.74 | 12% |
| MSCI Emg Mkts | 1.00 | 25% |
Liquidity Measures
| Avg. volume (000) | 21 |
| ADV traded (mns) | $1 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.55% |
Technical Indicators
| Recent close | $61.73 |
| 30d moving avg. | $52.59 |
| Annualized volatility | 33.9% |
| Relative strength (RSI) | 75 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| AUMI | Themes Gold Miners ETF | 47.5% | -30 bp | +4.3% |
| GDXJ | VanEck Junior Gold Miners ETF | 31.9% | -13 bp | +4.5% |
| SGDJ | Sprott Junior Gold Miners ETF | 30.2% | -15 bp | +4.2% |
| RING | iShares MSCI Global Gold Miners ETF | 24.3% | -26 bp | +4.4% |
| SGDM | Sprott Gold Miners ETF | 20.9% | -15 bp | +3.3% |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 20.1% | +4 bp | +1.5% |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 18.6% | -5 bp | +3.8% |
| SLVP | iShares MSCI Global Silver Miners ETF | 17.6% | -26 bp | +5.5% |
| AGMI | Themes Silver Miners ETF | 17.0% | -30 bp | +5.0% |
| SIL | Global X Silver Miners ETF | 13.8% | 0 bp | +2.8% |
Risk and Returns: GOEX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/17/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
GOEX
3.3%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 369 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.2%. GOEX's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GOEX in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GOEXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| (65 bp) Percentile rank | 77 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GOEX | 65.0 | 0.0 | 65 |
| Peer Avg. | 47.3 | 23.7 | 71.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .