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Data as of .

AUAU vs GBUG: which is really different?

AUAU and GBUG hold 36% of their weight in the same names.

Global X Gold Miners ETF and Sprott Active Gold & Silver Miners ETF.

12.5%AUAU in the S&P 500
3.3%GBUG in the S&P 500
+17.2%AUAU total return, 1 year
+50.5%GBUG total return, 1 year

ETFIQ Off-Index Score: AUAU scores higher

How much of it is not the index it is sold as an alternative to?

AUAU 77.7GBUG 77.70.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

AUAU88% of its weight is outside the S&P 500 · 6 months to Sep 18, 2026
13%88%inof its weight outside the S&P 500active share 100% · top ten 57% of the fund · 119 holdings filed Sep 18, 2026 · Nasdaq-100: 0% in13%88%inof its weight outside the S&P 500active share 100% · top ten 57% of the fund
GBUG97% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
3%97%3% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 41% of the fund · 44 holdings filed Sep 18, 2026 · Nasdaq-100: 0% in3%97%3% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 41% of the fund

36% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, AUAU and GBUG hold 36% of their money in the same securities at the same weight.

Positions AUAU and GBUG both hold, largest shared weight first
HoldingAUAUGBUG
NEWMONT CORP12.45%3.32%
WHEATON PRECIOUS METALS CORP6.57%3.31%
AGNICO EAGLE MINES LTD9.73%3.16%
ANGLOGOLD ASHANTI PLC4.99%2.42%
KINROSS GOLD CORP3.25%2.19%
NORTHERN STAR RESOURCES LTD2.12%2.93%
COEUR MINING INC1.97%3.82%
EVOLUTION MINING LTD1.93%2.29%
ALAMOS GOLD INC-CLASS A1.46%1.94%
EQUINOX GOLD CORP1.37%3.15%
IAMGOLD CORP1.13%4.15%
ELDORADO GOLD CORP1.09%4.00%
Only in each
Only in AUAUOnly in GBUG
FRANCO-NEVADA CORP 4.89%K92 Mining Inc. 2.18%
GOLD FIELDS LTD-SPONS ADR 3.71%Valterra Platinum Ltd. 1.80%
ZIJIN MINING GROUP CO LTD-H 2.51%Barrick Mining Corp. 1.15%
ROYAL GOLD INC 2.06%Artemis Gold Inc. 1.04%
ENDEAVOUR MINING PLC 1.32%LunR Royalties Corp. 0.07%
HECLA MINING CO 1.23%
HARMONY GOLD MNG-SPON ADR 1.08%
FIRST MAJESTIC SILVER CORP 0.94%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.

Performance, window by window

AUAU and GBUG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
AUAUGBUGAUAUGBUGAUAUGBUG
3 months+15.6%+19.9%+13.3 pts+17.6 pts+18.1 pts+22.4 pts
6 months+19.4%+26.4%+1.3 pts+8.4 pts−4.9 pts+2.2 pts
1 yearnot published+50.5%not published+33.9 ptsnot published+28.7 pts
Since launch+17.2%+150.3%+5.3 pts+123.0 pts+1.9 pts+115.0 pts
Open the live comparison on ETFIQ
AUAU and GBUG on the same fields, as of Sep 18, 2026. Source: ETFIQ.
AUAU
Global X Gold Miners ETF
Holds 119 stocks in gold miners, 12% of its weight in S&P 500 companies
GBUG
Sprott Active Gold & Silver Miners ETF
Holds 44 stocks in gold miners, 3% of its weight in S&P 500 companies
IssuerGlobal XSprott
ThemeGold minersGold miners
In the S&P 50012.5%3.3%
Active share vs the S&P 50099.8%99.8%
In the Nasdaq-1000.0%0.0%
Holdings11944
Top ten, share of the fund57.0%41.2%
Expense ratio0.35%0.90%
Fee for the differing part0.35%0.90%
Total return, 1 year+17.2% (since launch on Dec 10, 2025)+50.5%
vs the S&P 500+5.3 pts+33.9 pts
vs the Nasdaq-100+1.9 pts+28.7 pts
Below its high−16.9%−14.2%
Net assets$7m$192m

AUAU in plain words

By weight, 12% of AUAU's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 57% of the fund across 119 positions, as published by its issuer for Sep 18, 2026. Since it launched on Dec 10, 2025 the fund returned +17.2% with distributions reinvested against +12.0% for the S&P 500, so a holder was ahead by 5.2 pts. It sits 16.9% below its all-time high of Feb 27, 2026.

GBUG in plain words

By weight, 3% of GBUG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 41% of the fund across 44 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.9 pts. It sits 14.2% below its all-time high of Feb 27, 2026.

Questions people ask

Do AUAU and GBUG hold the same stocks?
By their latest filings, 36% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AUAU or GBUG?
AUAU has 12% of its weight in S&P 500 names and GBUG has 3%, so AUAU differs more from the index.
Which is cheaper, AUAU or GBUG?
AUAU charges 0.35% a year and GBUG charges 0.90%, so AUAU is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

AUAU against GBUG, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AUAU against GBUG, data as of Sep 18, 2026. https://etfiq.com/compare/themes/auau-vs-gbug Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources