Data as of .
GOEX vs METL: which is really different?
GOEX and METL hold 3% of their weight in the same names, and GOEX returned more over the year.
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
3% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GOEX and METL hold 3% of their money in the same securities at the same weight.
| Holding | GOEX | METL |
|---|---|---|
| ENDEAVOUR SILVER CORP | 1.47% | 4.06% |
| COEUR MINING INC | 4.14% | 1.14% |
| Only in GOEX | Only in METL |
|---|---|
| EQUINOX GOLD CORP 5.33% | Hudbay Minerals Inc. 4.30% |
| HECLA MINING CO 5.06% | Nucor Corp. 4.28% |
| DPM METALS INC 4.56% | Major Drilling Group International Inc. 4.03% |
| ELDORADO GOLD CORP 4.16% | NexGen Energy Ltd. 3.66% |
| SSR MINING INC 3.56% | Cia de Minas Buenaventura SAA 3.63% |
| OCEANAGOLD CORP 3.24% | Cameco Corp. 3.59% |
| LUNDIN GOLD INC 3.19% | Steel Dynamics Inc. 3.50% |
| G MINING VENTURE CORP 3.08% | ATALAYA MINING COPPER SA 3.47% |
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 | |||
|---|---|---|---|---|---|---|
| GOEX | METL | GOEX | METL | GOEX | METL | |
| 3 months | +18.7% | −4.2% | +16.4 pts | −6.5 pts | +21.2 pts | −1.8 pts |
| 6 months | +22.1% | +10.9% | +4.1 pts | −7.1 pts | −2.1 pts | −13.3 pts |
| 1 year | +50.3% | +32.8% | +33.7 pts | +16.2 pts | +28.5 pts | +11.0 pts |
| 3 years | +294.9% | not published | +216.6 pts | not published | +196.8 pts | not published |
| Since launch | +29.5% | +35.0% | −696.3 pts | +16.6 pts | −1410.7 pts | +10.2 pts |
| GOEX Global X Gold Explorers ETF Holds 55 stocks in gold miners, 0% of its weight in S&P 500 companies | METL Sprott Active Metals & Miners ETF Holds 45 stocks in miners and metals, 12% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Global X | Sprott |
| Theme | Gold miners | Miners and metals |
| In the S&P 500 | 0.0% | 12.5% |
| Active share vs the S&P 500 | 100.0% | 99.7% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 55 | 45 |
| Top ten, share of the fund | 39.4% | 37.9% |
| Expense ratio | 0.65% | 0.99% |
| Fee for the differing part | 0.65% | 0.99% |
| Total return, 1 year | +50.3% | +32.8% |
| vs the S&P 500 | +33.7 pts | +16.2 pts |
| vs the Nasdaq-100 | +28.5 pts | +11.0 pts |
| Below its high | −17.9% | −19.4% |
| Net assets | $131m | $85m |
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.
METL in plain words
By weight, 12% of METL'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 45 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +32.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 16.2 pts. It sits 19.4% below its all-time high of Jan 28, 2026.
Questions people ask
- Do GOEX and METL hold the same stocks?
- By their latest filings, 3% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, GOEX or METL?
- GOEX has 0% of its weight in S&P 500 names and METL has 12%, so GOEX differs more from the index.
- Which is cheaper, GOEX or METL?
- GOEX charges 0.65% a year and METL charges 0.99%, 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, GOEX against METL, data as of Sep 18, 2026. https://etfiq.com/compare/themes/goex-vs-metl Free to use with attribution; the underlying files are at Open data.