Do GOEX and RING hold the same stocks?

By their latest filings, 25% 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 RING?

GOEX has 0% of its weight in S&P 500 names and RING has 18%, so GOEX differs more from the index.

Which is cheaper, GOEX or RING?

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

Data as of Nov 4, 2026.

Thematic ETFs

GOEX vs RING: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GOEX returned +23.8% to RING's +28.4%; 25% 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 $2.3bn on Nov 4, 2026 for iShares MSCI Global Gold Miners ETF.

GOEX on its own →RING on its own →

At a glance

0.0%

GOEX in the S&P 500

17.6%

RING in the S&P 500

+23.8%

GOEX total return, 1 year

+28.4%

RING 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.

RING · 1 year to Nov 4, 2026 82% of its weight is outside the S&P 500

18% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

RING costs 0.26 points a year less; their one-year returns differ by 4.6 points; RING is 19.0 times larger.

Points (pts) are percentage points.

GOEX vs RING: Holdings Overlap & Returns
Measure	GOEX	RING
Return
Measure	GOEX	RING
Total return, 1 year	+23.8%	+28.4%
Drawdown
Measure	GOEX	RING
Below its all-time high	30.4%, high on Mar 2, 2026	25.1%, high on Feb 27, 2026
Against its benchmark
Measure	GOEX	RING
What it tracks	Gold miners	Gold miners
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 8.8 pts	ahead by 13.4 pts
Cost and size
Measure	GOEX	RING
Expense ratio	0.65%	0.39%
Net assets, as of Oct 12, 2026	$121m	$2.3bn
Holdings
Measure	GOEX	RING
Holdings in common	25%

Method

Risk and return

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

GOEX RING

Return

Total return edge RING +39.1% +62.1%

Annualized edge RING +2.3% +3.3%

Price return edge RING −25.7% +35.2%

Risk

Volatility edge RING (slight) 41.3% 37.2%

Max drawdown edge RING (slight) −82.0% −78.7%

Downside capture 82.2% 70.7%

Beta 0.82 0.74

Risk-adjusted

Sharpe edge RING (slight) 0.22 0.23

Sortino edge RING (slight) 0.32 0.33

Treynor 0.113 0.114

Calmar edge RING 0.03 0.04

Against the benchmark

Alpha +1.2% a year +1.2% a year

Alpha t-stat 0.12 0.13

Information ratio −0.01 −0.04

Tracking error 39.4% 35.6%

Reading

From Feb 2012 to Oct 2026, RING returned more: +62.1% to +39.1%. RING swung slightly less: 37.2% to 41.3%. RING fell slightly less at its worst: −78.7% to −82.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GOEX vs RING: Holdings Overlap & Returns
Measure	GOEX	RING	ACWI	Edge	How it is measured
Return
Total return	+39.1%	+62.1%		RING	Price change plus distributions, reinvested.
Annualized	+2.3%	+3.3%		RING	Total return as a yearly rate.
Price return	−25.7%	+35.2%		RING	Price change alone, distributions left out.
Risk
Volatility	41.3%	37.2%		RING (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	28.6%	25.4%		RING	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−82.0%	−78.7%		RING (slight)	Deepest fall from a high to the low after it.
Upside capture	53.6%	44.7%	100.0%	GOEX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	82.2%	70.7%	100.0%	RING	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.82	0.74	1.00	RING lower	How far it moves for each 1% its benchmark moves.
R squared	0.09	0.09	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.22	0.23		RING (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.32	0.33		RING (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.113	0.114	0.098	Tie	Return above Treasury bills per unit of beta.
Calmar	0.03	0.04		RING	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	+1.2% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.12	0.13		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−19.0% to +21.4%	−17.0% to +19.4%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.01	−0.04		GOEX	Return against its benchmark per unit of tracking error.
Tracking error	39.4%	35.6%	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

25%

By the books each fund has filed, GOEX and RING hold 25% 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

25% in common

Positions both hold · largest shared weight first GOEX RING

COEUR MINING, INC. 4.09% 2.84%

Equinox Gold Corp. 3.24% 2.47%

ALAMOS GOLD INC. 3.07% 2.36%

Eldorado Gold Corporation 3.82% 1.74%

Lundin Gold Inc. 3.56% 1.59%

SSR MINING INC. 3.29% 1.48%

GENESIS MINERALS LIMITED 2.52% 1.41%

Centerra Gold Inc. 2.18% 1.38%

G Mining Ventures Corp 3.33% 1.20%

OceanaGold Corporation 3.55% 1.16%

WESDOME GOLD MINES LTD. 1.78% 0.93%

WESTGOLD RESOURCES LIMITED 1.99% 0.87%

Only in one fund ↓

Only in GOEX

HECLA MINING COMPANY 4.94%

DPM Metals Inc. 4.83%

PERSEUS MINING LIMITED 2.93%

DISCOVERY MINING LTD. 2.57%

RAMELIUS RESOURCES LIMITED 2.56%

K92 Mining Inc 2.45%

TOREX GOLD RESOURCES INC. 2.34%

ARTEMIS GOLD INC. 2.29%

Only in RING

NEWMONT 17.65%

AGNICO EAGLE MINES 12.79%

BARRICK MINING 8.72%

WHEATON PRECIOUS METALS 7.33%

GOLD FIELDS 4.51%

ANGLOGOLD ASHANTI PLC 4.40%

KINROSS GOLD 3.74%

PAN AMERICAN SILVER 3.02%

Check overlap with more funds →

Window by window

Window by window: GOEX vs RING: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GOEX	RING	GOEX	RING
3 months	−3.8%	+2.4%	−2.5 pts vs ACWI	+3.7 pts vs ACWI
6 months	−11.1%	−7.2%	−13.7 pts vs ACWI	−9.8 pts vs ACWI
1 year	+23.8%	+28.4%	+8.8 pts vs ACWI	+13.4 pts vs ACWI
3 years	+233.2%	+233.8%	+155.6 pts vs ACWI	+156.2 pts vs ACWI
Since launchNot the same days: GOEX Nov 2010 · RING Feb 2012	+9.8%	+74.0%	−359.4 pts vs ACWI	−293.7 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 RING iShares MSCI Global Gold Miners ETF · Holds 41 stocks in gold miners, 18% of its weight in S&P 500 companies

Issuer Global X iShares

Theme Gold miners Gold miners

In the S&P 500 0.0% 17.6%

Active share vs the S&P 500 100.0% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 52 41

Top ten, share of the fund 37.7% 67.5%

Expense ratio 0.65% 0.39%

Fee for the differing part 0.65% 0.39%

Total return, 1 year +23.8% +28.4%

vs its benchmark +8.8 pts vs ACWI +13.4 pts vs ACWI

Below its high −30.4% −25.1%

Net assets, GOEX as of Oct 12, 2026 and RING as of Nov 4, 2026 $121m $2.3bn

As of Nov 4, 2026. Source: ETFIQ.

25% 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.

RING

By weight, 18% of RING'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 68% of the fund across 41 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.4% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.4 pts. It sits 25.1% below its all-time high of Feb 27, 2026.

Questions people ask

Do GOEX and RING hold the same stocks?: By their latest filings, 25% 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 RING?: GOEX has 0% of its weight in S&P 500 names and RING has 18%, so GOEX differs more from the index.
Which is cheaper, GOEX or RING?: GOEX charges 0.65% a year and RING charges 0.39%, so RING is cheaper. Fees come from each fund's prospectus.

Other comparisons

GOEX vs GBUG GOEX vs AUMI GOEX vs AUAU GOEX vs SGDM RING vs AUMI RING vs AUAU RING vs GBUG RING vs GDMN

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GOEX on its own →RING on its own →GOEX dividend history →GOEX holdings →RING dividend history →RING 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 ↗

RING filings on SEC EDGAR ↗

RING prospectus with the expense ratio (SEC) ↗

iShares page for RING ↗

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 RING, data as of Nov 4, 2026. https://etfiq.com/compare/themes/goex-vs-ring

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