Do GOEX and XME hold the same stocks?

By their latest filings, 8% 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 XME?

GOEX has 0% of its weight in S&P 500 names and XME has 22%, so GOEX differs more from the index.

Which is cheaper, GOEX or XME?

GOEX charges 0.65% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GOEX vs XME: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GOEX returned +23.8% to XME's +6.7%; 8% 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 $3.6bn on Nov 3, 2026 for State Street SPDR S&P Metals & Mining ETF.

GOEX on its own →XME on its own →

At a glance

0.0%

GOEX in the S&P 500

21.8%

XME in the S&P 500

+23.8%

GOEX total return, 1 year

+6.7%

XME 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.

XME · 1 year to Nov 4, 2026 78% of its weight is outside the S&P 500

22% of XME's weight is in S&P 500 companies and 78% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

XME costs 0.30 points a year less; their one-year returns differ by 17.1 points; XME is far larger, $4.1bn against $121m.

Points (pts) are percentage points.

GOEX vs XME: Holdings Overlap & Returns
Measure	GOEX	XME
Return
Measure	GOEX	XME
Total return, 1 year	+23.8%	+6.7%
Drawdown
Measure	GOEX	XME
Below its all-time high	30.4%, high on Mar 2, 2026	27.8%, high on Jun 2, 2026
Against its benchmark
Measure	GOEX	XME
What it tracks	Gold miners	Miners and metals
Against the S&P 500, 1 year		behind by 8.1 pts
Its benchmark, total return, 1 year	+15.0%	+14.8%
Against its benchmark, 1 year	ahead by 8.8 pts	behind by 8.1 pts
Cost and size
Measure	GOEX	XME
Expense ratio	0.65%	0.35%
Net assets, as of Oct 12, 2026	$121m	$4.1bn
Holdings
Measure	GOEX	XME
Holdings in common	8%

Method

Risk and return

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

GOEX XME

Return

Total return edge XME +0.9% +102.4%

Annualized edge XME +0.1% +4.5%

Price return edge XME −47.4% +63.2%

Risk

Volatility edge XME 41.4% 32.7%

Max drawdown edge XME (slight) −88.4% −82.6%

Downside capture 91.1% 124.3%

Beta 0.89 1.45

Risk-adjusted

Sharpe edge XME 0.17 0.25

Sortino edge XME 0.25 0.36

Treynor 0.081 0.067

Calmar edge XME 0.00 0.05

Against the benchmark

Alpha −1.2% a year −5.5% a year

Alpha t-stat −0.12 −0.94

Information ratio −0.06 −0.03

Tracking error 38.9% 27.6%

Each against its own benchmark: GOEX against ACWI, Nov 12, 2010 to Oct 30, 2026; XME against IVV, Jun 30, 2006 to Oct 30, 2026.

Reading

From Nov 2010 to Oct 2026, XME returned more: +102.4% to +0.9%. XME swung less: 32.7% to 41.4%. XME fell slightly less at its worst: −82.6% to −88.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GOEX vs XME: Holdings Overlap & Returns
Measure	GOEX	XME	Edge	How it is measured
Return
Total return	+0.9%	+102.4%	XME	Price change plus distributions, reinvested.
Annualized	+0.1%	+4.5%	XME	Total return as a yearly rate.
Price return	−47.4%	+63.2%	XME	Price change alone, distributions left out.
Risk
Volatility	41.4%	32.7%	XME	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	29.0%	22.5%	XME	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−88.4%	−82.6%	XME (slight)	Deepest fall from a high to the low after it.
Upside capture	59.6%	147.5%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	91.1%	124.3%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.89	1.45	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.12	0.49	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.17	0.25	XME	Return above Treasury bills per unit of volatility.
Sortino	0.25	0.36	XME	Return above Treasury bills per unit of downside deviation.
Treynor	0.081	0.067		Return above Treasury bills per unit of beta.
Calmar	0.00	0.05	XME	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	IVV		The ETF each fund is measured against.
Alpha	−1.2% a year	−5.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.12	−0.94	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−20.3% to +17.9%	−17.0% to +6.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.06	−0.03		Return against its benchmark per unit of tracking error.
Tracking error	38.9%	27.6%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 833 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GOEX and XME hold 8% 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

8% in common

Positions both hold · largest shared weight first GOEX XME

COEUR MINING, INC. 4.09% 3.73%

HECLA MINING COMPANY 4.94% 3.70%

MCEWEN INC. 0.56% 0.74%

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%

SSR MINING INC. 3.29%

Equinox Gold Corp. 3.24%

ALAMOS GOLD INC. 3.07%

Only in XME

CLEVELAND CLIFFS INC 6.82%

RELIANCE INC 6.56%

NUCOR CORP 6.19%

STEEL DYNAMICS INC 6.00%

COMMERCIAL METALS CO 5.62%

ROYAL GOLD INC 5.13%

NEWMONT CORP 4.87%

FREEPORT MCMORAN INC 4.73%

Check overlap with more funds →

Window by window

Window by window: GOEX vs XME: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GOEX	XME	GOEX	XME
3 months	−3.8%	−14.4%	−2.5 pts vs ACWI	−14.3 pts vs IVV
6 months	−11.1%	−22.7%	−13.7 pts vs ACWI	−27.7 pts vs IVV
1 year	+23.8%	+6.7%	+8.8 pts vs ACWI	−8.1 pts vs IVV
3 years	+233.2%	+89.9%	+155.6 pts vs ACWI	+6.5 pts vs IVV
Since launchNot the same days: GOEX Nov 2010 · XME Jun 2006	+9.8%	+174.0%	−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 XME State Street SPDR S&P Metals & Mining ETF · Holds 38 stocks in miners and metals, 22% of its weight in S&P 500 companies

Issuer Global X State Street

Theme Gold miners Miners and metals

In the S&P 500 0.0% 21.8%

Active share vs the S&P 500 100.0% 99.6%

In the Nasdaq-100 0.0% 0.0%

Holdings 52 38

Top ten, share of the fund 37.7% 55.0%

Expense ratio 0.65% 0.35%

Fee for the differing part 0.65% 0.35%

Total return, 1 year +23.8% +6.7%

vs its benchmark +8.8 pts vs ACWI −8.1 pts vs IVV

Below its high −30.4% −27.8%

Net assets, GOEX as of Oct 12, 2026 and XME as of Nov 3, 2026 $121m $3.6bn

As of Nov 4, 2026. Source: ETFIQ.

8% 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.

XME

By weight, 22% of XME'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 55% of the fund across 38 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +6.7% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 8.1 pts. It sits 27.8% below its all-time high of Jun 2, 2026.

Questions people ask

Do GOEX and XME hold the same stocks?: By their latest filings, 8% 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 XME?: GOEX has 0% of its weight in S&P 500 names and XME has 22%, so GOEX differs more from the index.
Which is cheaper, GOEX or XME?: GOEX charges 0.65% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.

Other comparisons

GOEX vs SLX GOEX vs PICK GOEX vs GOAU GOEX vs METL XME vs AUAU XME vs SGDJ XME vs AUMI XME vs RING

Where to next

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

XME filings on SEC EDGAR ↗

XME prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

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