Do GOEX and SGDM hold the same stocks?

By their latest filings, 27% 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 SGDM?

GOEX has 0% of its weight in S&P 500 names and SGDM has 8%, so GOEX differs more from the index.

Which is cheaper, GOEX or SGDM?

GOEX charges 0.65% a year and SGDM charges 0.46%, so SGDM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GOEX vs SGDM: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GOEX returned +23.8% to SGDM's +27.9%; 27% 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 $617m on Nov 4, 2026 for Sprott Gold Miners ETF.

GOEX on its own →SGDM on its own →

At a glance

0.0%

GOEX in the S&P 500

8.0%

SGDM in the S&P 500

+23.8%

GOEX total return, 1 year

+27.9%

SGDM 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.

SGDM · 1 year to Nov 4, 2026 92% of its weight is outside the S&P 500

8% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

SGDM costs 0.19 points a year less; their one-year returns differ by 4.1 points; SGDM is 5.4 times larger.

Points (pts) are percentage points.

GOEX vs SGDM: Holdings Overlap & Returns
Measure	GOEX	SGDM
Return
Measure	GOEX	SGDM
Total return, 1 year	+23.8%	+27.9%
Drawdown
Measure	GOEX	SGDM
Below its all-time high	30.4%, high on Mar 2, 2026	25.6%, high on Mar 2, 2026
Against its benchmark
Measure	GOEX	SGDM
What it tracks	Gold miners	Gold miners
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	ahead by 8.8 pts
Cost and size
Measure	GOEX	SGDM
Expense ratio	0.65%	0.46%
Net assets, as of Oct 12, 2026	$121m	$654m
Holdings
Measure	GOEX	SGDM
Holdings in common	27%

Method

Risk and return

Jul 25, 2014 to Oct 30, 2026 · 640 weekly returns

GOEX SGDM

Return

Total return edge GOEX +288.5% +182.9%

Annualized edge GOEX +11.7% +8.8%

Price return edge SGDM +118.1% +156.9%

Risk

Volatility edge SGDM (slight) 40.8% 37.5%

Max drawdown edge Tie −53.4% −52.3%

Risk-adjusted

Sharpe edge GOEX 0.43 0.36

Sortino edge GOEX 0.63 0.53

Calmar edge GOEX 0.22 0.17

Reading

From Jul 2014 to Oct 2026, GOEX returned more: +288.5% to +182.9%. SGDM swung slightly less: 37.5% to 40.8%. GOEX and SGDM fell about the same at their worst: −53.4% and −52.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GOEX vs SGDM: Holdings Overlap & Returns
Measure	GOEX	SGDM	Edge	How it is measured
Return
Total return	+288.5%	+182.9%	GOEX	Price change plus distributions, reinvested.
Annualized	+11.7%	+8.8%	GOEX	Total return as a yearly rate.
Price return	+118.1%	+156.9%	SGDM	Price change alone, distributions left out.
Risk
Volatility	40.8%	37.5%	SGDM (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	28.0%	25.3%	SGDM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−53.4%	−52.3%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.43	0.36	GOEX	Return above Treasury bills per unit of volatility.
Sortino	0.63	0.53	GOEX	Return above Treasury bills per unit of downside deviation.
Calmar	0.22	0.17	GOEX	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 640 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

27%

By the books each fund has filed, GOEX and SGDM hold 27% 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

27% in common

Positions both hold · largest shared weight first GOEX SGDM

Lundin Gold Inc. 3.56% 3.58%

COEUR MINING, INC. 4.09% 2.97%

DPM Metals Inc. 4.83% 2.82%

OceanaGold Corporation 3.55% 2.63%

DISCOVERY MINING LTD. 2.57% 2.65%

K92 Mining Inc 2.45% 2.62%

Centerra Gold Inc. 2.18% 2.73%

WESDOME GOLD MINES LTD. 1.78% 2.28%

FORTUNA MINING CORP. 1.64% 2.18%

ALLIED GOLD CORPORATION 1.11% 2.43%

Equinox Gold Corp. 3.24% 0.32%

Aura Minerals Inc. 1.09% 0.30%

Only in one fund ↓

Only in GOEX

HECLA MINING COMPANY 4.94%

PERSEUS MINING LIMITED 2.93%

RAMELIUS RESOURCES LIMITED 2.56%

GENESIS MINERALS LIMITED 2.52%

TOREX GOLD RESOURCES INC. 2.34%

ARTEMIS GOLD INC. 2.29%

GREATLAND RESOURCES LIMITED 2.27%

CAPRICORN METALS LTD 2.26%

Only in SGDM

Agnico Eagle Mines Ltd. 10.02%

Newmont Corp. 8.00%

Barrick Mining Corp. 7.73%

Wheaton Precious Metals Corp. 7.10%

Franco-Nevada Corp. 6.17%

Kinross Gold Corp. 3.85%

Pan American Silver Corp. 3.45%

Endeavour Mining PLC 3.11%

Check overlap with more funds →

Window by window

Window by window: GOEX vs SGDM: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GOEX	SGDM	GOEX	SGDM
3 months	−3.8%	+2.7%	−2.5 pts vs ACWI	not measured
6 months	−11.1%	−5.9%	−13.7 pts vs ACWI	not measured
1 year	+23.8%	+27.9%	+8.8 pts vs ACWI	not measured
3 years	+233.2%	+198.6%	+155.6 pts vs ACWI	not measured
Since launchNot the same days: GOEX Nov 2010 · SGDM Jul 2014	+9.8%	+219.4%	−359.4 pts vs ACWI	not measured

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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 SGDM Sprott Gold Miners ETF · Holds 48 stocks in gold miners, 8% of its weight in S&P 500 companies

Issuer Global X Sprott

Theme Gold miners Gold miners

In the S&P 500 0.0% 8.0%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 52 48

Top ten, share of the fund 37.7% 56.0%

Expense ratio 0.65% 0.46%

Fee for the differing part 0.65% 0.46%

Total return, 1 year +23.8% +27.9%

vs its benchmark +8.8 pts vs ACWI not measured

Below its high −30.4% −25.6%

Net assets, GOEX as of Oct 12, 2026 and SGDM as of Nov 4, 2026 $121m $617m

As of Nov 4, 2026. Source: ETFIQ.

27% 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.

SGDM

By weight, 8% of SGDM'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 56% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +27.9% with distributions reinvested. It sits 25.6% below its all-time high of Mar 2, 2026.

Questions people ask

Do GOEX and SGDM hold the same stocks?: By their latest filings, 27% 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 SGDM?: GOEX has 0% of its weight in S&P 500 names and SGDM has 8%, so GOEX differs more from the index.
Which is cheaper, GOEX or SGDM?: GOEX charges 0.65% a year and SGDM charges 0.46%, so SGDM is cheaper. Fees come from each fund's prospectus.

Other comparisons

GOEX vs SGDJ GOEX vs GDX GOEX vs AUAU GOEX vs GDMN SGDM vs GBUG SGDM vs GDMN SGDM vs AUMI SGDM vs AUAU

Where to next

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

SGDM filings on SEC EDGAR ↗

SGDM prospectus with the expense ratio (SEC) ↗

Sprott page for SGDM ↗

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

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