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

58.0 M

ASSETS UNDER MGMT

65 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateNov 03, 2010
Assets (mns)$58
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ALAMOS GOLD INC. 4.9 %
LUNDIN GOLD INC. 4.6 %
ELDORADO GOLD CORP 3.7 %
HECLA MINING CO 3.7 %
DE GREY MINING LTD 3.6 %
PERSEUS MINING LTD 3.4 %
TOREX GOLD RESOURCES INC. 3.3 %
GENESIS MINERALS LIMITED 3.1 %
NEW GOLD INC 3.1 %
OCEANAGOLD CORP 3.0 %
Constituent Breakdown
Number of holdings50
Herfindahl-Hirschman Index 260
Wgt avg mkt cap (mns)$2,470
Large cap (>$10bn)5.1%
Mid cap ($2-10bn)45.4%
Small cap (<$2bn)49.5%
Developed mkts.90.4%
Emerging mkts.9.6%
Country Exposure
CANADA 53.3 %
AUSTRALIA 29.9 %
UNITED STATES 6.7 %
INDONESIA 4.9 %
BRITAIN 2.4 %
SOUTH AFRICA 2.1 %
TURKEY 0.8 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 29.1% 75.3% 24.9% 8.0% 11.0% 5.7% -- -8.3%
Dividend Yield 0.0% 4.3% 1.6% 1.3% 1.9% 6.2% -- 4.2%
Total Returns 29.1% 79.6% 26.5% 9.3% 12.9% 11.9% -- -4.1%
Ann. Volatility 33.1% 34.1% 33.4% 36.3% 42.0% 39.4% -- 41.1%
Market Correlations
versus...BetaR-squared
S&P 5000.7717%
MSCI EAFE1.2644%
MSCI Emg Mkts1.2644%
Liquidity Measures
Avg. volume (000)25
Turnover1.8%
Avg. Bid/Ask (% of price)0.55%
ADV of underlying (mns)$230
Technical Indicators
Recent close$41.35
30d moving avg.$37.31
Annualized volatility32.8%
Relative strength (RSI)66
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: GOEX vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2024 2025E Fwd Est 2026E
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 --%
2.7 13.3 2.0 0.8% --
Based on closing prices from 4/24/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GOEX



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™

GOEX

4.1%

Cat. Avg

4.7%


ALTAR Score™ Calculation

Category Overview
There are 366 funds in the Global Equity category, with an average ALTAR Score™ of 4.7% and a standard deviation of 4.1%. GOEX's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places GOEX in the 45th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

GOEX
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
GOEX (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 55.2 120.2
Peer Avg. 48.7 18.7 67.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .