Do GBUG and GOAU hold the same stocks?

By their latest filings, 28% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, GBUG or GOAU?

GBUG has 4% of its weight in S&P 500 names and GOAU has 3%, so GBUG differs more from the index.

Which is cheaper, GBUG or GOAU?

GBUG charges 0.90% a year and GOAU charges 0.60%, so GOAU is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GBUG vs GOAU: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GBUG returned +29.6% to GOAU's +19.2%; 28% of their weight is in the same names.

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Net assets: $157m on Nov 4, 2026 for Sprott Active Gold & Silver Miners ETF, and $165m on Jun 30, 2026 for US Global GO Gold and Precious Metal Miners ETF.

GBUG on its own →GOAU on its own →

At a glance

3.6%

GBUG in the S&P 500

2.8%

GOAU in the S&P 500

+29.6%

GBUG total return, 1 year

+19.2%

GOAU total return, 1 year

GBUG · 1 year to Nov 4, 2026 96% of its weight is outside the S&P 500

4% of GBUG's weight is in S&P 500 companies and 96% is outside the index. Holdings as of Nov 4, 2026.

GOAU · 1 year to Nov 4, 2026 97% of its weight is outside the S&P 500

3% of GOAU's weight is in S&P 500 companies and 97% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

GOAU costs 0.30 points a year less; their one-year returns differ by 10.4 points.

GBUG vs GOAU: Holdings Overlap & Returns
Measure	GBUG	GOAU
Return
Measure	GBUG	GOAU
Total return, 1 year	+29.6%	+19.2%
Drawdown
Measure	GBUG	GOAU
Below its all-time high	25.4%, high on Feb 27, 2026	26.7%, high on Feb 27, 2026
Benchmark
Measure	GBUG	GOAU
What it tracks	Gold miners	Miners and metals
Cost and size
Measure	GBUG	GOAU
Expense ratio	0.90%	0.60%
Net assets, GBUG as of Nov 4, 2026 and GOAU as of Jun 30, 2026	$157m	$165m
Holdings
Measure	GBUG	GOAU
Holdings in common	28%

Method

Risk and return

Feb 28, 2025 to Oct 30, 2026 · 87 weekly returns

GBUG GOAU

Return

Total return edge GBUG +112.6% +79.4%

Annualized edge GBUG +57.0% +41.8%

Price return edge GBUG +109.3% +77.8%

Risk

Volatility edge GOAU (slight) 50.9% 47.5%

Max drawdown edge Tie −36.7% −37.4%

Risk-adjusted

Sharpe edge GBUG 1.06 0.89

Sortino edge GBUG 1.71 1.42

Calmar edge GBUG 1.55 1.12

Reading

From Feb 2025 to Oct 2026, GBUG returned more: +112.6% to +79.4%. GOAU swung slightly less: 47.5% to 50.9%. GBUG and GOAU fell about the same at their worst: −36.7% and −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GBUG vs GOAU: Holdings Overlap & Returns
Measure	GBUG	GOAU	Edge	How it is measured
Return
Total return	+112.6%	+79.4%	GBUG	Price change plus distributions, reinvested.
Annualized	+57.0%	+41.8%	GBUG	Total return as a yearly rate.
Price return	+109.3%	+77.8%	GBUG	Price change alone, distributions left out.
Risk
Volatility	50.9%	47.5%	GOAU (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	31.5%	29.5%	GOAU (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−36.7%	−37.4%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.06	0.89	GBUG	Return above Treasury bills per unit of volatility.
Sortino	1.71	1.42	GBUG	Return above Treasury bills per unit of downside deviation.
Calmar	1.55	1.12	GBUG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

28%

By the books each fund has filed, GBUG and GOAU hold 28% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first GBUG GOAU

Wheaton Precious Metals Corp. 3.22% 9.50%

IAMGOLD Corp. 3.99% 2.92%

Newmont Corp. 3.56% 2.82%

Genesis Minerals Ltd. 2.71% 3.19%

Westgold Resources Ltd. 2.57% 3.06%

Emerald Resources NL 3.00% 2.18%

Evolution Mining Ltd. 2.14% 3.13%

DPM Metals Inc. 5.11% 2.04%

Ramelius Resources Ltd. 3.14% 1.98%

K92 Mining Inc. 2.90% 1.94%

Endeavour Silver Corp. 1.36% 3.76%

OR Royalties Inc. 0.96% 9.56%

Only in one fund ↓

Only in GBUG

Discovery Mining Ltd. 4.80%

G Mining Ventures Corp. 4.74%

Northern Star Resources Ltd. 3.84%

Montage Gold Corp. 3.53%

Eldorado Gold Corp. 3.47%

Wesdome Gold Mines Ltd. 3.33%

Agnico Eagle Mines Ltd. 3.26%

Equinox Gold Corp. 3.19%

Only in GOAU

Franco-Nevada Corp 9.93%

Aya Gold & Silver Inc 4.02%

Harmony Gold Mining Co Ltd 3.96%

Fortuna Mining Corp 3.81%

Endeavour Mining PLC 3.80%

Capricorn Metals Ltd 3.31%

West African Resources Ltd 2.80%

Pan African Resources PLC 2.69%

Check overlap with more funds →

Window by window

Window by window: GBUG vs GOAU: Holdings Overlap & Returns
	Total return
Window	GBUG	GOAU
3 months	−2.1%	−0.2%
6 months	−5.5%	−6.8%
1 year	+29.6%	+19.2%
3 years	–	+167.4%
Since launchNot the same days: GBUG Feb 2025 · GOAU Jun 2017	+117.5%	+270.9%

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Side by side

GBUG Sprott Active Gold & Silver Miners ETF · Holds 43 stocks in gold miners, 4% of its weight in S&P 500 companies GOAU US Global GO Gold and Precious Metal Miners ETF · Holds 29 stocks in miners and metals, 3% of its weight in S&P 500 companies

Issuer Sprott U.S. Global

Theme Gold miners Miners and metals

In the S&P 500 3.6% 2.8%

Active share vs the S&P 500 99.8% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 43 29

Top ten, share of the fund 39.6% 54.9%

Expense ratio 0.90% 0.60%

Fee for the differing part 0.90% 0.60%

Total return, 1 year +29.6% +19.2%

vs its benchmark not measured not measured

Below its high −25.4% −26.7%

Net assets, GBUG as of Nov 4, 2026 and GOAU as of Jun 30, 2026 $157m $165m

As of Nov 4, 2026. Source: ETFIQ.

28% of the two portfolios are the same securities at the same weight.

Client brief

No client brief for this pair: the two funds' holdings are dated 127 days apart.

Alert

About each fund

GBUG

By weight, 4% 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 40% of the fund across 43 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +29.6% with distributions reinvested. It sits 25.4% below its all-time high of Feb 27, 2026.

GOAU

By weight, 3% of GOAU'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 55% of the fund across 29 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +19.2% with distributions reinvested. It sits 26.7% below its all-time high of Feb 27, 2026.

Questions people ask

Do GBUG and GOAU hold the same stocks?: By their latest filings, 28% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GBUG or GOAU?: GBUG has 4% of its weight in S&P 500 names and GOAU has 3%, so GBUG differs more from the index.
Which is cheaper, GBUG or GOAU?: GBUG charges 0.90% a year and GOAU charges 0.60%, so GOAU is cheaper. Fees come from each fund's prospectus.

Other comparisons

GBUG vs SLX GBUG vs METL GBUG vs NIKL GBUG vs PICK GOAU vs GOEX GOAU vs GDMN GOAU vs SGDJ GOAU vs SGDM

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GBUG on its own →GOAU on its own →GBUG dividend history →GBUG holdings →GOAU dividend history →GOAU holdings →Method →Standards and sources →

Sources and dates

GBUG filings on SEC EDGAR ↗

GBUG prospectus with the expense ratio (SEC) ↗

Sprott page for GBUG ↗

GOAU filings on SEC EDGAR ↗

GOAU prospectus with the expense ratio (SEC) ↗

U.S. Global website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, GBUG against GOAU, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gbug-vs-goau

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.