GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
The U.S. Global GO GOLD and Precious Metal Miners ETF tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
101.3 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | US Global Investors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 27, 2017 |
| Assets (mns) | $101 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SILVER WHEATON CORP | 11.1 % |
| ROYAL GOLD INC | 10.9 % |
| FRANCO-NEVADA CORP | 9.9 % |
| OSISKO GOLD ROYALTIES LTD | 4.6 % |
| TOREX GOLD RESOURCES INC. | 4.5 % |
| TRIPLE FLAG PRECIOUS METALS CORP. | 4.3 % |
| SANDSTORM GOLD LTD | 4.0 % |
| DUNDEE PRECIOUS METALS INC | 3.9 % |
| FORTUNA SILVER MINES INC. | 3.5 % |
| OCEANAGOLD CORP | 3.4 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 562 |
| Wgt avg mkt cap (mns) | $8,634 |
| Large cap (>$10bn) | 25.5% |
| Mid cap ($2-10bn) | 38.1% |
| Small cap (<$2bn) | 36.4% |
| Developed mkts. | 88.7% |
| Emerging mkts. | 11.3% |
Country Exposure
 |
CANADA | 67.3 % |
 |
UNITED STATES | 10.9 % |
 |
AUSTRALIA | 10.1 % |
 |
SOUTH AFRICA | 7.9 % |
 |
BRITAIN | 4.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.1% | 22.0% | 20.4% | 1.5% | 4.2% | -- | 7.5% | Volatility | 30.5% | 30.9% | 32.5% | 33.8% | 37.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 16% |
| MSCI EAFE | 0.98 | 30% |
| MSCI Emg Mkts | 1.01 | 31% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.52% |
| ADV of underlying (mns) | $535 |
Technical Indicators
| Recent close | $21.34 |
| 30d moving avg. | $22.13 |
| Annualized volatility | 31.5% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.0% |
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. GOAU |
Expenses vs. GOAU |
ALTAR Score™ vs. GOAU |
|---|---|---|---|---|
| SGDM | Sprott Gold Miners ETF | 31.2% | -10 bp | +0.6% |
| GOEX | Global X Gold Explorers ETF | 25.1% | +5 bp | -0.4% |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 22.7% | +9 bp | -3.2% |
| GDX | VanEck Gold Miners ETF | 22.7% | -9 bp | -0.4% |
| GDXJ | VanEck Junior Gold Miners ETF | 17.5% | -8 bp | -0.3% |
| AUMI | Themes Gold Miners ETF | 17.2% | -25 bp | +5.3% |
| RING | iShares MSCI Global Gold Miners ETF | 15.4% | -21 bp | +0.7% |
| SGDJ | Sprott Junior Gold Miners ETF | 13.1% | -10 bp | +0.7% |
| INFL | Horizon Kinetics Inflation Beneficiaries ETF | 12.3% | +25 bp | -1.3% |
| AGMI | Themes Silver Miners ETF | 10.5% | -25 bp | -0.2% |
Risk and Returns: GOAU 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
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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
GOAU
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GOAU
4.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. GOAU's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GOAU in the 40th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GOAUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| GOAU (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GOAU | 60.0 | 52.2 | 112.2 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .