Do GOEX and SETM hold the same stocks?

By their latest filings, 5% 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 SETM?

GOEX has 0% of its weight in S&P 500 names and SETM has 9%, so GOEX differs more from the index.

Which is cheaper, GOEX or SETM?

GOEX and SETM both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GOEX vs SETM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GOEX returned +23.8% to SETM's +3.9%; 5% 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 $421m on Nov 4, 2026 for Sprott Critical Materials ETF.

GOEX on its own →SETM on its own →

At a glance

0.0%

GOEX in the S&P 500

9.1%

SETM in the S&P 500

+23.8%

GOEX total return, 1 year

+3.9%

SETM 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.

SETM · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500

9% of SETM's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

Both cost 0.65% a year; their one-year returns differ by 19.9 points; SETM is 4.1 times larger.

Points (pts) are percentage points.

GOEX vs SETM: Holdings Overlap & Returns
Measure	GOEX	SETM
Return
Measure	GOEX	SETM
Total return, 1 year	+23.8%	+3.9%
Drawdown
Measure	GOEX	SETM
Below its all-time high	30.4%, high on Mar 2, 2026	37.4%, high on Jan 28, 2026
Against its benchmark
Measure	GOEX	SETM
What it tracks	Gold miners	Rare earth and critical materials
Against the S&P 500, 1 year		behind by 10.9 pts
Its benchmark, total return, 1 year	+15.0%	+14.8%
Against its benchmark, 1 year	ahead by 8.8 pts	behind by 10.9 pts
Cost and size
Measure	GOEX	SETM
Expense ratio	0.65%	0.65%
Net assets, as of Oct 12, 2026	$121m	$491m
Holdings
Measure	GOEX	SETM
Holdings in common	5%

Method

Risk and return

Feb 10, 2023 to Oct 30, 2026 · 194 weekly returns

GOEX SETM

Return

Total return edge GOEX +187.9% +34.3%

Annualized edge GOEX +32.8% +8.2%

Price return edge GOEX +174.7% +26.5%

Risk

Volatility edge SETM 43.2% 36.2%

Max drawdown edge Tie −39.2% −39.0%

Downside capture 91.1% 129.3%

Beta 0.89 1.48

Risk-adjusted

Sharpe edge GOEX 0.76 0.27

Sortino edge GOEX 1.22 0.39

Treynor 0.081 0.067

Calmar edge GOEX 0.84 0.21

Against the benchmark

Alpha −1.2% a year −11.2% a year

Alpha t-stat −0.12 −0.71

Information ratio −0.06 −0.14

Tracking error 38.9% 30.6%

Each against its own benchmark: GOEX against ACWI, Nov 12, 2010 to Oct 30, 2026; SETM against VOO, Feb 10, 2023 to Oct 30, 2026.

Reading

From Feb 2023 to Oct 2026, GOEX returned more: +187.9% to +34.3%. SETM swung less: 36.2% to 43.2%. GOEX and SETM fell about the same at their worst: −39.2% and −39.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GOEX vs SETM: Holdings Overlap & Returns
Measure	GOEX	SETM	Edge	How it is measured
Return
Total return	+187.9%	+34.3%	GOEX	Price change plus distributions, reinvested.
Annualized	+32.8%	+8.2%	GOEX	Total return as a yearly rate.
Price return	+174.7%	+26.5%	GOEX	Price change alone, distributions left out.
Risk
Volatility	43.2%	36.2%	SETM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	27.0%	25.6%	SETM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.2%	−39.0%	Tie	Deepest fall from a high to the low after it.
Upside capture	59.6%	116.9%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	91.1%	129.3%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.89	1.48	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.12	0.32	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.76	0.27	GOEX	Return above Treasury bills per unit of volatility.
Sortino	1.22	0.39	GOEX	Return above Treasury bills per unit of downside deviation.
Treynor	0.081	0.067		Return above Treasury bills per unit of beta.
Calmar	0.84	0.21	GOEX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	VOO		The ETF each fund is measured against.
Alpha	−1.2% a year	−11.2% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.12	−0.71	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−20.3% to +17.9%	−42.0% to +19.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.06	−0.14		Return against its benchmark per unit of tracking error.
Tracking error	38.9%	30.6%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 194 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GOEX and SETM hold 5% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first GOEX SETM

HECLA MINING COMPANY 4.94% 3.42%

ENDEAVOUR SILVER CORP. 1.42% 0.95%

PT ANTAM (Persero) Tbk 0.86% 0.46%

Only in one fund ↓

Only in GOEX

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%

Equinox Gold Corp. 3.24%

Only in SETM

Freeport-McMoRan Inc. 5.47%

Lynas Rare Earths Ltd. 4.87%

Cameco Corp. 4.81%

NAC Kazatomprom JSC 4.15%

Teck Resources Ltd. 3.95%

Albemarle Corp. 3.61%

Sociedad Quimica y Minera de Chile SA 3.40%

First Majestic Silver Corp. 3.33%

Check overlap with more funds →

Window by window

Window by window: GOEX vs SETM: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GOEX	SETM	GOEX	SETM
3 months	−3.8%	−21.2%	−2.5 pts vs ACWI	−21.1 pts vs VOO
6 months	−11.1%	−35.3%	−13.7 pts vs ACWI	−40.3 pts vs VOO
1 year	+23.8%	+3.9%	+8.8 pts vs ACWI	−10.9 pts vs VOO
3 years	+233.2%	+57.7%	+155.6 pts vs ACWI	−25.6 pts vs VOO
Since launchNot the same days: GOEX Nov 2010 · SETM Feb 2023	+9.8%	+29.5%	−359.4 pts vs ACWI	−64.0 pts vs VOO

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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 SETM Sprott Critical Materials ETF · Holds 156 stocks in rare earth and critical materials, 9% of its weight in S&P 500 companies

Issuer Global X Sprott

Theme Gold miners Rare earth and critical materials

In the S&P 500 0.0% 9.1%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 52 156

Top ten, share of the fund 37.7% 40.1%

Expense ratio 0.65% 0.65%

Fee for the differing part 0.65% 0.65%

Total return, 1 year +23.8% +3.9%

vs its benchmark +8.8 pts vs ACWI −10.9 pts vs VOO

Below its high −30.4% −37.4%

Net assets, GOEX as of Oct 12, 2026 and SETM as of Nov 4, 2026 $121m $421m

As of Nov 4, 2026. Source: ETFIQ.

5% 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.

SETM

By weight, 9% of SETM'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 40% of the fund across 156 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +3.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 10.9 pts. It sits 37.4% below its all-time high of Jan 28, 2026.

Questions people ask

Do GOEX and SETM hold the same stocks?: By their latest filings, 5% 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 SETM?: GOEX has 0% of its weight in S&P 500 names and SETM has 9%, so GOEX differs more from the index.
Which is cheaper, GOEX or SETM?: GOEX and SETM both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

GOEX vs REMX GOEX vs REXC GOEX vs FMTL GOEX vs ISTM SETM vs AUMI SETM vs AUAU SETM vs SGDJ SETM vs SGDM

Where to next

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

SETM filings on SEC EDGAR ↗

SETM prospectus with the expense ratio (SEC) ↗

Sprott page for SETM ↗

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

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