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
42.8 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) | $43 |
| 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 +
| HECLA MINING CO | 4.8 % |
| ALAMOS GOLD INC. | 4.0 % |
| ELDORADO GOLD CORP | 3.9 % |
| COEUR D'ALENE MINES CORP | 3.7 % |
| PERSEUS MINING LTD | 3.4 % |
| BUMI RESOURCES MINERALS TBK | 3.4 % |
| LUNDIN GOLD INC. | 3.2 % |
| PT MERDEKA COPPER GOLD TBK | 3.1 % |
| CASH | 3.1 % |
| CENTAMIN EGYPT LTD | 3.1 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 258 |
| Wgt avg mkt cap (mns) | $2,293 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 34.5% |
| Small cap (<$2bn) | 65.5% |
| Developed mkts. | 91.0% |
| Emerging mkts. | 9.0% |
Country Exposure
 |
CANADA | 46.2 % |
 |
AUSTRALIA | 26.5 % |
 |
UNITED STATES | 9.0 % |
 |
INDONESIA | 7.7 % |
 |
BRITAIN | 4.8 % |
 |
SOUTH AFRICA | 1.7 % |
 |
TURKEY | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.0% | 26.8% | 18.4% | -1.1% | 3.8% | 12.3% | -5.9% | Volatility | 34.0% | 34.7% | 34.8% | 36.1% | 42.0% | 40.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 26% |
| MSCI EAFE | 1.15 | 42% |
| MSCI Emg Mkts | 1.11 | 38% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.55% |
| ADV of underlying (mns) | $394 |
Technical Indicators
| Recent close | $32.66 |
| 30d moving avg. | $34.31 |
| Annualized volatility | 31.3% |
| Relative strength (RSI) | 55 |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GOEX |
Expenses vs. GOEX |
ALTAR Score™ vs. GOEX |
|---|---|---|---|---|
| SGDJ | Sprott Junior Gold Miners ETF | 45.6% | -15 bp | +1.1% |
| AUMI | Themes Gold Miners ETF | 34.9% | -30 bp | +5.7% |
| GDXJ | VanEck Junior Gold Miners ETF | 32.9% | -13 bp | +0.1% |
| RING | iShares MSCI Global Gold Miners ETF | 26.1% | -26 bp | +1.1% |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 25.1% | -5 bp | +0.4% |
| SGDM | Sprott Gold Miners ETF | 21.6% | -15 bp | +1.0% |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 16.6% | +4 bp | -2.8% |
| SLVP | iShares MSCI Global Silver Miners ETF | 13.0% | -26 bp | -1.2% |
| SIL | Global X Silver Miners ETF | 11.8% | 0 bp | -2.2% |
| GDX | VanEck Gold Miners ETF | 11.7% | -14 bp | +0.0% |
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 11/21/2024
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
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
4.4%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. GOEX's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places GOEX in the 52nd 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. | 49.9 | 29.4 | 79.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .