Do GOEX and PICK hold the same stocks?

By their latest filings, 0% 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, GOEX or PICK?

GOEX has 0% of its weight in S&P 500 names and PICK has 13%, so GOEX differs more from the index.

Which is cheaper, GOEX or PICK?

GOEX charges 0.65% a year and PICK charges 0.39%, so PICK is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GOEX vs PICK: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GOEX returned +23.8% to PICK's +28.0%; 0% of their weight is in the same names.

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Net assets: $121m on Oct 12, 2026 for Global X Gold Explorers ETF, and $2.1bn on Nov 3, 2026 for iShares MSCI Global Metals & Mining Producers ETF.

GOEX on its own →PICK on its own →

At a glance

0.0%

GOEX in the S&P 500

12.8%

PICK in the S&P 500

+23.8%

GOEX total return, 1 year

+28.0%

PICK total return, 1 year

GOEX · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of GOEX's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

PICK · 1 year to Nov 4, 2026 87% of its weight is outside the S&P 500

13% of PICK's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

PICK costs 0.26 points a year less; their one-year returns differ by 4.2 points; PICK is 19.8 times larger.

Points (pts) are percentage points.

GOEX vs PICK: Holdings Overlap & Returns
Measure	GOEX	PICK
Return
Measure	GOEX	PICK
Total return, 1 year	+23.8%	+28.0%
Drawdown
Measure	GOEX	PICK
Below its all-time high	30.4%, high on Mar 2, 2026	18.4%, high on Jun 2, 2026
Against its benchmark
Measure	GOEX	PICK
What it tracks	Gold miners	Miners and metals
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 8.8 pts	ahead by 13.0 pts
Cost and size
Measure	GOEX	PICK
Expense ratio	0.65%	0.39%
Net assets, as of Oct 12, 2026	$121m	$2.4bn
Holdings
Measure	GOEX	PICK
Holdings in common	0%

Method

Risk and return

Feb 10, 2012 to Oct 30, 2026 · 768 weekly returns · each against ACWI

GOEX PICK

Return

Total return edge PICK +39.1% +94.6%

Annualized edge PICK +2.3% +4.6%

Price return edge PICK −25.7% +8.3%

Risk

Volatility edge PICK 41.3% 28.6%

Max drawdown edge PICK −82.0% −67.4%

Downside capture 82.2% 127.6%

Beta 0.82 1.36

Risk-adjusted

Sharpe edge PICK (slight) 0.22 0.24

Sortino edge PICK (slight) 0.32 0.35

Treynor 0.113 0.050

Calmar edge PICK 0.03 0.07

Against the benchmark

Alpha +1.2% a year −6.4% a year

Alpha t-stat 0.12 −1.26

Information ratio −0.01 −0.14

Tracking error 39.4% 20.3%

Reading

From Feb 2012 to Oct 2026, PICK returned more: +94.6% to +39.1%. PICK swung less: 28.6% to 41.3%. PICK fell less at its worst: −67.4% to −82.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GOEX vs PICK: Holdings Overlap & Returns
Measure	GOEX	PICK	ACWI	Edge	How it is measured
Return
Total return	+39.1%	+94.6%		PICK	Price change plus distributions, reinvested.
Annualized	+2.3%	+4.6%		PICK	Total return as a yearly rate.
Price return	−25.7%	+8.3%		PICK	Price change alone, distributions left out.
Risk
Volatility	41.3%	28.6%		PICK	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	28.6%	19.6%		PICK	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−82.0%	−67.4%		PICK	Deepest fall from a high to the low after it.
Upside capture	53.6%	145.4%	100.0%	PICK	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	82.2%	127.6%	100.0%	GOEX	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.82	1.36	1.00	GOEX lower	How far it moves for each 1% its benchmark moves.
R squared	0.09	0.53	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.22	0.24		PICK (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.32	0.35		PICK (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.113	0.050	0.098	GOEX	Return above Treasury bills per unit of beta.
Calmar	0.03	0.07		PICK	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	+1.2% a year	−6.4% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.12	−1.26		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−19.0% to +21.4%	−16.5% to +3.6%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.01	−0.14		GOEX	Return against its benchmark per unit of tracking error.
Tracking error	39.4%	20.3%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 768 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GOEX and PICK hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GOEX PICK

Only in one fund ↓

Only in GOEX

HECLA MINING COMPANY 4.94%

DPM Metals Inc. 4.83%

COEUR MINING, INC. 4.09%

Eldorado Gold Corporation 3.82%

Lundin Gold Inc. 3.56%

OceanaGold Corporation 3.55%

G Mining Ventures Corp 3.33%

SSR MINING INC. 3.29%

Only in PICK

BHP GROUP LTD 13.95%

FREEPORT MCMORAN INC 6.19%

RIO TINTO 6.07%

GLENCORE PLC 4.43%

NUCOR 4.24%

ANGLO AMERICAN PLC 3.69%

CIA VALE DO RIO DOCE SH 2.80%

RIO TINTO 2.63%

Check overlap with more funds →

Window by window

Window by window: GOEX vs PICK: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GOEX	PICK	GOEX	PICK
3 months	−3.8%	−11.8%	−2.5 pts vs ACWI	−10.5 pts vs ACWI
6 months	−11.1%	−12.8%	−13.7 pts vs ACWI	−15.4 pts vs ACWI
1 year	+23.8%	+28.0%	+8.8 pts vs ACWI	+13.0 pts vs ACWI
3 years	+233.2%	+57.0%	+155.6 pts vs ACWI	−20.6 pts vs ACWI
Since launchNot the same days: GOEX Nov 2010 · PICK Feb 2012	+9.8%	+93.0%	−359.4 pts vs ACWI	−274.7 pts vs ACWI

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Side by side

GOEX Global X Gold Explorers ETF · Holds 52 stocks in gold miners, 0% of its weight in S&P 500 companies PICK iShares MSCI Global Metals & Mining Producers ETF · Holds 259 stocks in miners and metals, 13% of its weight in S&P 500 companies

Issuer Global X iShares

Theme Gold miners Miners and metals

In the S&P 500 0.0% 12.8%

Active share vs the S&P 500 100.0% 99.7%

In the Nasdaq-100 0.0% 0.0%

Holdings 52 259

Top ten, share of the fund 37.7% 48.8%

Expense ratio 0.65% 0.39%

Fee for the differing part 0.65% 0.39%

Total return, 1 year +23.8% +28.0%

vs its benchmark +8.8 pts vs ACWI +13.0 pts vs ACWI

Below its high −30.4% −18.4%

Net assets, GOEX as of Oct 12, 2026 and PICK as of Nov 3, 2026 $121m $2.1bn

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

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.

PICK

By weight, 13% of PICK'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 49% of the fund across 259 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.0% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.0 pts. It sits 18.4% below its all-time high of Jun 2, 2026.

Questions people ask

Do GOEX and PICK hold the same stocks?: By their latest filings, 0% 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, GOEX or PICK?: GOEX has 0% of its weight in S&P 500 names and PICK has 13%, so GOEX differs more from the index.
Which is cheaper, GOEX or PICK?: GOEX charges 0.65% a year and PICK charges 0.39%, so PICK is cheaper. Fees come from each fund's prospectus.

Other comparisons

GOEX vs METL GOEX vs NIKL GOEX vs XME GOEX vs GOAU PICK vs SGDJ PICK vs SGDM PICK vs RING PICK vs AUMI

Where to next

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

Sources and dates

GOEX filings on SEC EDGAR ↗

GOEX prospectus with the expense ratio (SEC) ↗

Global X page for GOEX ↗

PICK filings on SEC EDGAR ↗

PICK prospectus with the expense ratio (SEC) ↗

iShares page for PICK ↗

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, GOEX against PICK, data as of Nov 4, 2026. https://etfiq.com/compare/themes/goex-vs-pick

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