Data as of .
GBUG vs GOEX: which is really different?
GBUG and GOEX hold 45% of their weight in the same names.
ETFIQ Off-Index Score: GOEX scores higher
How much of it is not the index it is sold as an alternative to?
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
45% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GBUG and GOEX hold 45% of their money in the same securities at the same weight.
| Holding | GBUG | GOEX |
|---|---|---|
| DPM Metals Inc. | 5.29% | 4.56% |
| Eldorado Gold Corp. | 4.00% | 4.16% |
| Coeur Mining Inc. | 3.82% | 4.14% |
| Equinox Gold Corp. | 3.15% | 5.33% |
| OceanaGold Corp. | 3.13% | 3.24% |
| Discovery Mining Ltd. | 4.55% | 2.75% |
| Genesis Minerals Ltd. | 2.95% | 2.60% |
| Ramelius Resources Ltd. | 3.05% | 2.33% |
| Wesdome Gold Mines Ltd. | 3.81% | 1.87% |
| SSR Mining Inc. | 1.78% | 3.56% |
| Montage Gold Corp. | 4.00% | 1.76% |
| Westgold Resources Ltd. | 1.69% | 1.80% |
| Only in GBUG | Only in GOEX |
|---|---|
| G Mining Ventures Corp. 4.94% | HECLA MINING CO 5.06% |
| IAMGOLD Corp. 4.15% | LUNDIN GOLD INC 3.19% |
| Newmont Corp. 3.32% | G MINING VENTURE CORP 3.08% |
| Wheaton Precious Metals Corp. 3.31% | PERSEUS MINING LTD 3.08% |
| Agnico Eagle Mines Ltd. 3.16% | ALAMOS GOLD INC-CLASS A 3.02% |
| Northern Star Resources Ltd. 2.93% | K92 MINING 2.46% |
| i-80 Gold Corp. 2.60% | TOREX GOLD RESOURCES INC 2.27% |
| Anglogold Ashanti PLC 2.42% | CENTERRA GOLD INC 2.24% |
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
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GBUG | GOEX | GBUG | GOEX | GBUG | GOEX | |
| 3 months | +19.9% | +18.7% | +17.6 pts | +16.4 pts | +22.4 pts | +21.2 pts |
| 6 months | +26.4% | +22.1% | +8.4 pts | +4.1 pts | +2.2 pts | −2.1 pts |
| 1 year | +50.5% | +50.3% | +33.9 pts | +33.7 pts | +28.7 pts | +28.5 pts |
| 3 years | not published | +294.9% | not published | +216.6 pts | not published | +196.8 pts |
| Since launch | +150.3% | +29.5% | +123.0 pts | −696.3 pts | +115.0 pts | −1410.7 pts |
| GBUG Sprott Active Gold & Silver Miners ETF Holds 44 stocks in gold miners, 3% of its weight in S&P 500 companies | GOEX Global X Gold Explorers ETF Holds 55 stocks in gold miners, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Sprott | Global X |
| Theme | Gold miners | Gold miners |
| In the S&P 500 | 3.3% | 0.0% |
| Active share vs the S&P 500 | 99.8% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 44 | 55 |
| Top ten, share of the fund | 41.2% | 39.4% |
| Expense ratio | 0.90% | 0.65% |
| Fee for the differing part | 0.90% | 0.65% |
| Total return, 1 year | +50.5% | +50.3% |
| vs the S&P 500 | +33.9 pts | +33.7 pts |
| vs the Nasdaq-100 | +28.7 pts | +28.5 pts |
| Below its high | −14.2% | −17.9% |
| Net assets | $192m | $131m |
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.
GOEX in plain words
By weight, 0% of GOEX'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 39% of the fund across 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +50.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 33.7 pts. It sits 17.9% below its all-time high of Mar 2, 2026.
Questions people ask
- Do GBUG and GOEX hold the same stocks?
- By their latest filings, 45% 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, GBUG or GOEX?
- GBUG has 3% of its weight in S&P 500 names and GOEX has 0%, so GOEX differs more from the index.
- Which is cheaper, GBUG or GOEX?
- GBUG charges 0.90% a year and GOEX charges 0.65%, so GOEX 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.
Cite this page. ETFIQ, GBUG against GOEX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/gbug-vs-goex Free to use with attribution; the underlying files are at Open data.