AUMI vs GOEX: Grades, Fees and Holdings Compared

Themes Gold Miners ETF

AUMIBNasdaq

Global X Gold Explorers ETF

GOEXCNYSE Arca

Overlap

49.1%by weight

Expense ratio

AUMI −0.30pt a year

AUMI0.35%GOEX0.65%

Avg volume · 30D

GOEX 3.0×the volume

AUMI2.41KGOEX7.29K

AUMI vs GOEX Performance

Nov 3, 2025 – Nov 3, 2026

+7.9%AUMI+8.8%GOEX

Expense ratio: AUMI 0.35%, better; GOEX 0.65%
Fund size: AUMI $19M; GOEX $104M
1Y total return: AUMI +7.9%; GOEX +8.8%, better
Yield (12M): AUMI 0.97%; GOEX 2.53%, better
Holdings: AUMI 34; GOEX 54
Avg volume (30D): AUMI 2.41K sh; GOEX 7.29K sh, better
NAV per share: AUMI $82.76; GOEX $71.13
52W range

ETF.net Grade

Pillar letters and Scores for AUMI, GOEX, with each pillar’s weight
Pillar	AUMI	GOEX
Cost30% weight	A94Higher	D26
Mission25% weight	A75Higher	A73
Risk15% weight	C47Higher	C45
Tradability15% weight	F15	D25Higher
Holdings10% weight	A78	A88Higher
Durability5% weight	F22	B60Higher

Rank among Precious Metals Miners funds

How we build Categories ›

Same Category. AUMI and GOEX are both graded against the same 18 Precious Metals Miners funds, so their Grades compare head to head.

Precious Metals Miners⁠

Category · 18 funds

See all 18 ›

AUMI ranks 7th and GOEX 14th of 18 funds in the Precious Metals Miners Category.

Rank 6BAGMIThemes Silver Miners ETFScore 62
Rank 7BAUMIThemes Gold Miners ETFScore 61
Rank 8BGDXJVanEck Junior Gold Miners ETFScore 59
Rank 13CSILJAmplify Junior Silver Miners ETFScore 42
Rank 14CGOEXGlobal X Gold Explorers ETFScore 40
Rank 14CPMTLFIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETFScore 40

Our read on each fund

ETF.net Research

AUMIBThemes Gold Miners ETF

GOEXCGlobal X Gold Explorers ETF

In short

AUMI Gold miners with the blends stripped out. AUMI tracks an index of roughly 30 large miners that must earn at least 90% of revenue from gold, and it charges less than the typical fund in its group.

GOEX Most 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

AUMI The Fund seeks to track, before fees and expenses, an index of companies active in the gold mining industry. It uses a passive/indexing approach to pursue that objective.

GOEX 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

AUMI The "pure" in the index name is a rule: members must generate at least 90% of revenue from gold mining, so copper-and-gold conglomerates and diversified diggers stay out.solactive.com themesetfs.com
A 0.35% fee undercuts the peer-group median and the category's household names, VanEck's GDX (0.51%) and iShares' RING (0.39%).
Roughly 30 names, free-float weighted, rebuilt on a set schedule: a concentrated, rules-based way to own the diggers rather than the metal.solactive.com

GOEX Owns 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.
About 50 names, a global mandate, and a portfolio that stays tight to the explorers-and-developers index it names.
Trading since 2010, so there is a real record across more than one full gold cycle to dig through.

Worth knowing

AUMI Thinly traded and small next to the group's giants, so bid-ask spreads can be wider and big orders can push the price.
Concentrated by design and non-diversified: about 30 miners, one commodity, plus mine-level risks like costs, permits and politics.themesetfs.com
Launched in December 2023, so the live track record is short, and cash comes back once or twice a year rather than monthly.

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

Full AUMI profile⁠

Full GOEX profile⁠

AUMI vs GOEX Holdings

How AUMI and GOEX differ

Overlap by weight

49.1%

Shared holdings make up 57.2% of AUMI and 49.5% of GOEX.

Level by level

Holdings19 in both49.1%
Countryby domicile85.7%
Asset classEquity100%
Sector2 Sectors100%

Sector

Sector weights in AUMI and GOEX, widest gap first
Sector	More in AUMIMore in GOEX	Gap	AUMI	GOEX
Materials		Same weight	100.0%	100.0%
Communication		Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in AUMI and GOEX, widest gap first
Country	Gap	AUMI	GOEX
United States	GOEX +11.7 points	4.3%	16.0%
Australia	AUMI +4.8 points	27.9%	23.1%
South Africa	AUMI +4.5 points	6.6%	2.1%
Indonesia	GOEX +2.6 points	0.0%	2.6%
Canada	AUMI +2.1 points	54.0%	51.9%
United Kingdom	AUMI +1.7 points	4.9%	3.2%
China	AUMI +1.2 points	2.3%	1.1%

Outside the US: AUMI 91% developed, 9% emerging. GOEX 93% developed, 7% emerging.

Concentration

Weight in the 10 largest Holdings

AUMI46.9%
GOEX39.4%

Securities held

AUMI34
GOEX51

Asset class

AUMI: Equity
GOEX: Equity

Holdings

Only in AUMI15
In both19
Only in GOEX32

Only in AUMI

15 securities, 42.9% of AUMI by weight

Northern Star Resources Ltd6.05%
Agnico Eagle Mines Ltd4.88%
Gold Fields Ltd4.64%
Endeavour Mining PLC4.61%
IAMGOLD Corp4.61%
Anglogold Ashanti Plc4.29%
B2Gold Corp4.25%
Kinross Gold Corp3.83%
Torex Gold Resources Inc3.02%
Zhaojin Mining Industry Co Ltd2.29%
First American Treasury Obligations Fund 01/01/20400.40%
Australian Dollar0.03%
Canadian Dollar<0.01%
British Pounds<0.01%
Hong Kong Dollar<0.01%

Only in GOEX

32 securities, 54.1% of GOEX by weight

Hecla Mining Co4.98%
Eldorado Gold Corp4.04%
Coeur Mining Inc3.88%
Other Payable & Receivables3.60%
Ssr Mining Inc3.15%
Discovery Mining Ltd2.66%
Torex Resources Inc2.51%
Centerra Gold Inc2.34%
Artemis Gold Inc2.28%
Greatland Resources Ltd2.02%
Montage Gold Corp1.67%
Fortuna Mining Corp1.56%
Skeena Resources Ltd1.49%
Seabridge Gold Inc1.48%
West African Resources Ltd1.32%
Endeavour Silver Corp1.25%
Pdi Gold Ltd1.24%
Aura Minerals Inc1.22%
Novagold Resources Inc1.16%
Perpetua Resources Corp1.10%
Hochschild Mining PLC1.08%
Wanguo Gold Group Ltd1.00%
Bumi Resources Minerals Tbk0.97%
Resolute Mining Ltd0.93%
Merdeka Copper Gold Tbk Pt0.84%
Bellevue Gold Ltd0.79%
Southern Cross Gold Consolid0.74%
Ora Banda Mining Ltd0.73%
Antam Persero Tbk Pt0.70%
Drdgold Ltd0.60%
Mcewen Inc0.42%
Catalyst Metals Ltd0.36%

Weight gaps

All 19 Holdings in both funds, largest gap first.

Holding weights in AUMI and GOEX, widest gap first
Holding	Gap	AUMI	GOEX
Lundin Gold Inc	AUMI +0.81 points	4.35%	3.54%
Perseus Mining Ltd	AUMI +0.70 points	3.85%	3.15%
OceanaGold Corp	AUMI +0.64 points	3.80%	3.16%
Genesis Minerals Ltd	AUMI +0.59 points	3.27%	2.68%
Alamos Gold Inc	AUMI +0.59 points	4.48%	3.89%
Ramelius Resources Ltd	AUMI +0.57 points	3.09%	2.52%
Equinox Gold Corp	AUMI +0.53 points	4.61%	4.08%
Vault Minerals Ltd	AUMI +0.51 points	2.71%	2.20%
K92 Mining Inc	AUMI +0.46 points	2.97%	2.51%
Westgold Resources Ltd	AUMI +0.42 points	2.39%	1.97%
Regis Resources Ltd	AUMI +0.39 points	2.28%	1.89%
G Mining Ventures Corp	GOEX +0.39 points	3.38%	3.77%
Pan African Resources PLCPAF.L	AUMI +0.36 points	2.08%	1.72%
Aris Mining Corp	AUMI +0.35 points	2.06%	1.71%
Capricorn Metals Ltd	AUMI +0.32 points	2.48%	2.16%
Wesdome Gold Mines Ltd	AUMI +0.31 points	1.91%	1.60%
Emerald Resources NL	AUMI +0.27 points	1.58%	1.31%
Allied Gold Corp	AUMI +0.25 points	1.43%	1.18%
DPM Metals Inc	GOEX +0.03 points	4.41%	4.44%

All 30 AUMI holdings⁠All 52 GOEX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AUMI vs GOEX Cost

Overpaying GOEX vs AUMI

$5,591

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AUMI 0.35%
$7,126
GOEX 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

AUMI 0.35%
GOEX 0.65%
Overpaying

Year by year

Year	AUMI	GOEX	Overpaying
10	$634	$1,163	$529
20	$2,454	$4,440	$1,986
30	$7,126	$12,717	$5,591

Expense ratio

0.35%AUMI, cheaper
0.65%GOEX

AUMI0.35%GOEX0.65%

0.35%1.16%

Middle half of Precious Metals Miners funds
Median 0.52%

AUMI cheapest of 18 funds

GOEX 12th cheapest of 18 funds

AUMI vs GOEX Dividends

Last 12 months to Nov 3, 2026

Yield (12M): AUMI 0.97%; GOEX 2.53%, better
Payout (12M): AUMI $0.80; GOEX $1.77
Last payment: AUMI $0.80; GOEX $0.09
Ex-dividend: AUMI Dec 18, 2025; GOEX Jun 29, 2026
Paid on: AUMI Dec 19, 2025; GOEX Jul 7, 2026
Frequency: AUMI Irregular; GOEX Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

AUMIIrregular · 2 paymentsAll AUMI payments⁠

GOEXTwice a year · 13 paymentsAll GOEX payments⁠

AUMI vs GOEX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AUMI 43.7%since Jan 2024GOEX 44.7%
Return per unit of riskSharpe ratio, 3 years: AUMI 1.01since Jan 2024GOEX 1.00
Worst fallMax drawdown, 5 years: AUMI −39.8%since Dec 2023GOEX −47.1%
Market sensitivityBeta, 5 years: AUMI 0.05GOEX 1.03; Market = 1

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