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GOEX

GradeDNew York Stock Exchange Arca

Global X - Gold Explorers ETF

Themes · Global X · Inception 2010-11-03 · SEC filings

$88.03−3.98 (−4.33%)

As of Sep 23, 2026, 3:09 PM EDT

Intraday session: down, 52 prints from 92.01 to 88.03. Range 87.75 to 89.20. Use the arrow keys to read each point.$88.50$89.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$134M
1Y return
+42.8%
Yield · Last 12 months
1.92%
Holdings
51
Volume · 30D
0M sh
NAV per share
$91.41
52W range
low $62.30high $110.19

The ETF.net GOEX Grade

D

39/ 100

Rank 14 of 18 in Precious Metals Miners⁠

Confidence High

Six-pillar profile for GOEX. Scores out of 100: Cost 26, Risk 43, Mission 77, Tradability 23, Holdings 87, Durability 60. Strongest: Holdings (87). Weakest: Tradability (23). Leans toward Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 26
    Category rank12/18 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 77
    Category rank5/6 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank12/17 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank15/18 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 87
    Category rank2/18 · top 11%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank7/18 · top 39%

Graded as of Sep 22, 2026

Our read on GOEX

ETF.net Research

DMost gold funds buy the miners already pulling metal out of the ground. GOEX buys the ones still looking for it: a global basket of explorers and developers, tracking a Solactive index since 2010.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the Solactive Global Gold Explorers & Developers Total Return Index.

Why people hold it

  1. 01Owns the front end of the gold supply chain: explorers and developers hunting deposits and building mines, not the established producers most gold funds lean on.
  2. 02About 50 names, a global mandate, and a portfolio that stays tight to the explorers-and-developers index it names.
  3. 03Trading since 2010, so there is a real record across more than one full gold cycle to dig through.

Worth knowing

  1. 01At 0.65% a year it costs more than the category heavyweights: GDX charges 0.51%, RING 0.39%.
  2. 02It trades lightly next to the big gold-miner funds, so bid-ask spreads can widen when markets move fast.
  3. 03Explorers and developers often have no producing mine and no revenue, which makes for a bumpier ride than producer-heavy gold funds.

GOEX Holdings

As of Sep 21, 2026, 6:06 PM
Asset class
Stocks
Holdings
51
Top-10 weight
39%
Largest holding
EQX.TO5.3%

Sectors

  • Materials100.0%

Geography

  • Canada52.02%
  • Australia23.26%
  • United States16.72%
  • Indonesia3.76%
  • South Africa1.88%
  • United Kingdom1.22%
  • China1.14%

Developed 92% · Emerging 8% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001EQX.TOEQUINOX GOLD CORP5.33%559,534$7M62
002HLHECLA MINING CO5.06%350,486$7M191
003DPM.TODPM METALS INC4.56%138,074$6M60
004ELD.TOELDORADO GOLD CORP4.16%126,756$5M48
005CDECOEUR MINING INC4.14%274,638$5M206
006SSRM.TOSSR MINING INC3.56%128,829$5M63
007OGC.TOOCEANAGOLD CORP3.24%147,899$4M51
008LUG.TOLUNDIN GOLD INC3.19%63,829$4M93
009PRU.AXPERSEUS MINING LTD3.09%863,146$4M69
010GMIN.TOG MINING VENTURE CORP3.08%109,345$4M43
011AGI.TOALAMOS GOLD INC-CLASS A3.02%110,989$4M66
012DSV.TODISCOVERY MINING LTD2.75%412,500$4M42
013GMD.AXGENESIS MINERALS LTD2.60%629,720$3M56
014KNT.TOK92 MINING2.46%153,313$3M47
015RMS.AXRAMELIUS RESOURCES LTD2.33%1,200,491$3M62

Showing 1–15 of 52 holdings

GOEX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GOEX$14,277
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GOEX $14,277. SPY $11,723. Use the arrow keys to read each point.$8,953$13,146$17,339Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GOEX. Periods over one year show the average yearly return.
PeriodGOEX
Year to date+14.3%
1 month−4.3%
3 months+22.2%
1 year+42.8%
3 years+60.7%per year
5 years+29.1%per year
10 years+13.5%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GOEX
YearReturn barGOEX
2026 YTD+14.3%
2025+179.4%
2024+19.4%
2023+2.0%
2022−14.6%
2021−14.5%
2020+34.9%

GOEX in the news

ETF.net Research hasn’t filed on GOEX yet — coverage lands here as it’s written.

GOEX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.92%Last 12 months
Payout per share
$1.77Last 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 13 payments from 2017 to 2026 YTD. Jun 27, 2019 $0.01; Dec 30, 2019 $0.41; Jun 29, 2020 $0.03; Dec 30, 2020 $0.90; Jun 29, 2021 $0.15; Dec 30, 2021 $0.54; Jun 29, 2022 $0.05; Dec 29, 2022 $0.21; Jun 29, 2023 $0.01; Jun 27, 2024 $0.006; Dec 30, 2024 $0.72; Dec 30, 2025 $1.67; Jun 29, 2026 $0.09. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 7, 2026$0.09
Dec 30, 2025Jan 7, 2026$1.67
Dec 30, 2024Jan 7, 2025$0.72
Jun 27, 2024Jul 5, 2024$0.006
Jun 29, 2023Jul 10, 2023$0.01
Dec 29, 2022Jan 9, 2023$0.21
Jun 29, 2022Jul 8, 2022$0.05
Dec 30, 2021Jan 7, 2022$0.54
Jun 29, 2021Jul 8, 2021$0.15
Dec 30, 2020Jan 8, 2021$0.90
Jun 29, 2020Jul 8, 2020$0.03
Dec 30, 2019Jan 8, 2020$0.41

GOEX Risk

How much the fund’s monthly returns vary, scaled to a year.
43.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.17
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−47.1%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GOEX Cost

Expense ratio0.65%
  • The middle half of Precious Metals Miners funds
  • Median 0.52%

11 of the 18 Precious Metals Miners funds charge less.

GOEX costs $65.00 a year on $10,000. The median Precious Metals Miners fund costs $51.50.