Data as of Nov 4, 2026.
GOAU vs GOEX: Holdings Overlap & Returns
Over the year to Nov 4, 2026, GOAU returned +19.2% to GOEX's +23.8%; 23% of their weight is in the same names.
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Net assets: $165m on Jun 30, 2026 for US Global GO Gold and Precious Metal Miners ETF, and $121m on Oct 12, 2026 for Global X Gold Explorers ETF.
3% of GOAU's weight is in S&P 500 companies and 97% is outside the index. Holdings as of Jun 30, 2026.
0% of GOEX's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
GOAU costs 0.05 points a year less; their one-year returns differ by 4.6 points.
Points (pts) are percentage points.
| Measure | GOAU | GOEX |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.2% | +23.8% |
| Drawdown | ||
| Below its all-time high | 26.7%, high on Feb 27, 2026 | 30.4%, high on Mar 2, 2026 |
| Against its benchmark | ||
| What it tracks | Miners and metals | Gold miners |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | ahead by 8.8 pts | |
| Cost and size | ||
| Expense ratio | 0.60% | 0.65% |
| Net assets, GOAU as of Jun 30, 2026 and GOEX as of Oct 12, 2026 | $165m | $121m |
| Holdings | ||
| Holdings in common | 23% | |
Risk and return
Jul 7, 2017 to Oct 30, 2026 · 486 weekly returnsFrom Jul 2017 to Oct 2026, GOEX returned slightly more: +270.4% to +263.4%. GOAU swung slightly less: 36.6% to 40.4%. GOEX fell slightly less at its worst: −47.8% to −51.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GOAU | GOEX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +263.4% | +270.4% | GOEX (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.8% | +15.0% | Tie | Total return as a yearly rate. |
| Price return | +234.0% | +227.7% | GOAU (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 36.6% | 40.4% | GOAU (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 24.6% | 27.7% | GOAU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −51.7% | −47.8% | GOEX (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.49 | 0.49 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.73 | 0.72 | Tie | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.29 | 0.31 | GOEX (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 486 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GOAU and GOEX hold 23% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
23% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GOAU | GOEX | GOAU | GOEX |
| 3 months | −0.2% | −3.8% | not measured | −2.5 pts vs ACWI |
| 6 months | −6.8% | −11.1% | not measured | −13.7 pts vs ACWI |
| 1 year | +19.2% | +23.8% | not measured | +8.8 pts vs ACWI |
| 3 years | +167.4% | +233.2% | not measured | +155.6 pts vs ACWI |
| Since launchNot the same days: GOAU Jun 2017 · GOEX Nov 2010 | +270.9% | +9.8% | not measured | −359.4 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
23% of the two portfolios are the same securities at the same weight.
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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.
GOEX
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 38% of the fund across 52 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +23.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 8.8 pts. It sits 30.4% below its all-time high of Mar 2, 2026.
Questions people ask
- Do GOAU and GOEX hold the same stocks?
- By their latest filings, 23% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, GOAU against GOEX, data as of Nov 4, 2026. https://etfiq.com/compare/themes/goau-vs-goex
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