Do GOEX and SIL hold the same stocks?

By their latest filings, 19% 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 SIL?

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

Which is cheaper, GOEX or SIL?

GOEX and SIL 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 SIL: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GOEX returned +23.8% to SIL's +27.1%; 19% of their weight is in the same names.

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Net assets on Oct 12, 2026: $121m for Global X Gold Explorers ETF and $4.4bn for Global X Silver Miners ETF.

GOEX on its own →SIL on its own →

At a glance

0.0%

GOEX in the S&P 500

0.0%

SIL in the S&P 500

+23.8%

GOEX total return, 1 year

+27.1%

SIL 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.

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

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

Pair scorecard

Both cost 0.65% a year; their one-year returns differ by 3.3 points; SIL is far larger, $4.4bn against $121m.

Points (pts) are percentage points.

GOEX vs SIL: Holdings Overlap & Returns
Measure	GOEX	SIL
Return
Measure	GOEX	SIL
Total return, 1 year	+23.8%	+27.1%
Drawdown
Measure	GOEX	SIL
Below its all-time high	30.4%, high on Mar 2, 2026	33.7%, high on Feb 27, 2026
Against its benchmark
Measure	GOEX	SIL
What it tracks	Gold miners	Silver miners
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 8.8 pts	ahead by 12.1 pts
Cost and size
Measure	GOEX	SIL
Expense ratio	0.65%	0.65%
Net assets, as of Oct 12, 2026	$121m	$4.4bn
Holdings
Measure	GOEX	SIL
Holdings in common	19%

Method

Risk and return

Nov 12, 2010 to Oct 30, 2026 · 833 weekly returns · each against ACWI

GOEX SIL

Return

Total return edge SIL +0.9% +23.0%

Annualized edge SIL +0.1% +1.3%

Price return edge SIL −47.4% +3.2%

Risk

Volatility edge SIL (slight) 41.4% 39.8%

Max drawdown edge SIL (slight) −88.4% −82.3%

Downside capture 91.1% 101.1%

Beta 0.89 1.01

Risk-adjusted

Sharpe edge SIL 0.17 0.19

Sortino edge SIL 0.25 0.28

Treynor 0.081 0.076

Calmar edge SIL 0.00 0.02

Against the benchmark

Alpha −1.2% a year −1.8% a year

Alpha t-stat −0.12 −0.20

Information ratio −0.06 −0.05

Tracking error 38.9% 36.4%

Reading

From Nov 2010 to Oct 2026, SIL returned more: +23.0% to +0.9%. SIL swung slightly less: 39.8% to 41.4%. SIL fell slightly less at its worst: −82.3% to −88.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GOEX vs SIL: Holdings Overlap & Returns
Measure	GOEX	SIL	ACWI	Edge	How it is measured
Return
Total return	+0.9%	+23.0%		SIL	Price change plus distributions, reinvested.
Annualized	+0.1%	+1.3%		SIL	Total return as a yearly rate.
Price return	−47.4%	+3.2%		SIL	Price change alone, distributions left out.
Risk
Volatility	41.4%	39.8%		SIL (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	29.0%	27.5%		SIL (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−88.4%	−82.3%		SIL (slight)	Deepest fall from a high to the low after it.
Upside capture	59.6%	77.3%	100.0%	SIL	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	91.1%	101.1%	100.0%	GOEX (slight)	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.89	1.01	1.00	GOEX lower	How far it moves for each 1% its benchmark moves.
R squared	0.12	0.16	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.17	0.19		SIL	Return above Treasury bills per unit of volatility.
Sortino	0.25	0.28		SIL	Return above Treasury bills per unit of downside deviation.
Treynor	0.081	0.076	0.094	GOEX (slight)	Return above Treasury bills per unit of beta.
Calmar	0.00	0.02		SIL	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	−1.8% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.12	−0.20		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−20.3% to +17.9%	−19.7% to +16.1%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.06	−0.05		SIL (slight)	Return against its benchmark per unit of tracking error.
Tracking error	38.9%	36.4%	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, 833 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

19%

By the books each fund has filed, GOEX and SIL hold 19% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

19% in common

Positions both hold · largest shared weight first GOEX SIL

HECLA MINING COMPANY 4.94% 4.63%

COEUR MINING, INC. 4.09% 10.59%

SSR MINING INC. 3.29% 3.85%

DISCOVERY MINING LTD. 2.57% 3.00%

FORTUNA MINING CORP. 1.64% 1.92%

ENDEAVOUR SILVER CORP. 1.42% 1.66%

HOCHSCHILD MINING PLC 1.14% 1.34%

MCEWEN INC. 0.56% 0.66%

Only in one fund ↓

Only in GOEX

DPM Metals Inc. 4.83%

Eldorado Gold Corporation 3.82%

Lundin Gold Inc. 3.56%

OceanaGold Corporation 3.55%

G Mining Ventures Corp 3.33%

Equinox Gold Corp. 3.24%

ALAMOS GOLD INC. 3.07%

PERSEUS MINING LIMITED 2.93%

Only in SIL

Wheaton Precious Metals Corp. 22.38%

Pan American Silver Corp. 12.54%

INDUSTRIAS PENOLES, S.A.B. DE C.V. 5.21%

FIRST MAJESTIC SILVER CORP. 4.47%

FRESNILLO PLC 4.30%

Compania de Minas Buenaventura S.A.A. 4.18%

OR Royalties Inc. 4.16%

KOREA ZINC INC 2.43%

Check overlap with more funds →

Window by window

Window by window: GOEX vs SIL: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GOEX	SIL	GOEX	SIL
3 months	−3.8%	−6.8%	−2.5 pts vs ACWI	−5.5 pts vs ACWI
6 months	−11.1%	−17.4%	−13.7 pts vs ACWI	−20.0 pts vs ACWI
1 year	+23.8%	+27.1%	+8.8 pts vs ACWI	+12.1 pts vs ACWI
3 years	+233.2%	+223.9%	+155.6 pts vs ACWI	+146.3 pts vs ACWI
Since launchNot the same days: GOEX Nov 2010 · SIL Apr 2010	+9.8%	+110.6%	−359.4 pts vs ACWI	−282.3 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 SIL Global X Silver Miners ETF · Holds 39 stocks in silver miners, 0% of its weight in S&P 500 companies

Issuer Global X Global X

Theme Gold miners Silver miners

In the S&P 500 0.0% 0.0%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 52 39

Top ten, share of the fund 37.7% 76.3%

Expense ratio 0.65% 0.65%

Fee for the differing part 0.65% 0.65%

Total return, 1 year +23.8% +27.1%

vs its benchmark +8.8 pts vs ACWI +12.1 pts vs ACWI

Below its high −30.4% −33.7%

Net assets, as of Oct 12, 2026 $121m $4.4bn

As of Nov 4, 2026. Source: ETFIQ.

19% 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.

SIL

By weight, 0% of SIL'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 76% of the fund across 39 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 12.1 pts. It sits 33.7% below its all-time high of Feb 27, 2026.

Questions people ask

Do GOEX and SIL hold the same stocks?: By their latest filings, 19% 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 SIL?: GOEX has 0% of its weight in S&P 500 names and SIL has 0%, so GOEX differs more from the index.
Which is cheaper, GOEX or SIL?: GOEX and SIL both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

GOEX vs AGMI GOEX vs SILJ GOEX vs SLVP GOEX vs PICK SIL vs AUMI SIL vs AUAU SIL vs GBUG SIL 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 →SIL on its own →GOEX dividend history →GOEX holdings →SIL dividend history →SIL holdings →Method →Standards and sources →

Sources and dates

GOEX and SIL filings on SEC EDGAR ↗

GOEX and SIL prospectus with the expense ratio (SEC) ↗

Global X page for GOEX ↗

Global X page for SIL ↗

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

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