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
47.5 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) | $47 |
| 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 +
| ALAMOS GOLD INC. | 5.0 % |
| HECLA MINING CO | 4.0 % |
| LUNDIN GOLD INC. | 3.7 % |
| PERSEUS MINING LTD | 3.6 % |
| ELDORADO GOLD CORP | 3.5 % |
| NEW GOLD INC | 3.4 % |
| DE GREY MINING LTD | 3.3 % |
| EQUINOX GOLD CORP. | 3.1 % |
| COEUR D'ALENE MINES CORP | 3.0 % |
| DUNDEE PRECIOUS METALS INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 255 |
| Wgt avg mkt cap (mns) | $1,923 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 31.1% |
| Small cap (<$2bn) | 68.9% |
| Developed mkts. | 90.4% |
| Emerging mkts. | 9.6% |
Country Exposure
 |
CANADA | 53.0 % |
 |
AUSTRALIA | 29.5 % |
 |
UNITED STATES | 7.4 % |
 |
INDONESIA | 4.9 % |
 |
BRITAIN | 2.3 % |
 |
SOUTH AFRICA | 2.1 % |
 |
TURKEY | 0.9 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.4% | 49.9% | 15.5% | 2.9% | 8.9% | 9.9% | -5.3% | Volatility | 32.6% | 34.7% | 33.7% | 36.5% | 42.3% | 39.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 27% |
| MSCI EAFE | 1.27 | 48% |
| MSCI Emg Mkts | 1.21 | 44% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.55% |
| ADV of underlying (mns) | $230 |
Technical Indicators
| Recent close | $37.92 |
| 30d moving avg. | $35.12 |
| Annualized volatility | 31.6% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 0.6% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GOEX |
Expenses vs. GOEX |
ALTAR Score™ vs. GOEX |
|---|---|---|---|---|
| AUMI | Themes Gold Miners ETF | 54.4% | -30 bp | +9.2% |
| GDXJ | VanEck Junior Gold Miners ETF | 33.8% | -13 bp | 0.0% |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 29.0% | -5 bp | -1.0% |
| RING | iShares MSCI Global Gold Miners ETF | 24.3% | -26 bp | +0.6% |
| SLVP | iShares MSCI Global Silver Miners ETF | 16.0% | -26 bp | -1.4% |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 15.8% | +4 bp | -2.7% |
| AGMI | Themes Silver Miners ETF | 14.7% | -30 bp | +0.4% |
| GDX | VanEck Gold Miners ETF | 11.2% | -14 bp | -0.1% |
| SIL | Global X Silver Miners ETF | 10.8% | 0 bp | -1.8% |
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
| 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 3/28/2025
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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
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
3.7%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 359 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
5.1%. GOEX's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places GOEX in the 47th 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 |
| 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. | 49.5 | 17.5 | 67.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .