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GOEX vs SLVP

Global X Gold Explorers ETF

GOEXCNYSE Arca

iShares MSCI Global Silver and Metals Miners ETF

SLVPBCboe

Overlap

17.1%by weight

Expense ratio

SLVP −0.26pt a year

GOEX0.65%SLVP0.39%

Avg volume · 30D

SLVP 34.6×the volume

GOEX7.29KSLVP252K

10Y return · a year

GOEX +2.4pt

GOEX+12.1%SLVP+9.7%

GOEX vs SLVP Performance

Nov 3, 2021 – Nov 3, 2026

+149.0%GOEX+116.8%SLVP

Nov 3, 2021 to Nov 3, 2026. GOEX +149.0%. SLVP +116.8%. Use the arrow keys to read each point.0%200%300%Nov 2021May 2024Nov 2026
Expense ratio
GOEX 0.65%
SLVP 0.39%, better
Fund size
GOEX $104M
SLVP $743M
1Y total return
GOEX +8.8%
SLVP +12.4%, better
Yield (12M)
GOEX 2.53%, better
SLVP 2.44%
Holdings
GOEX 54
SLVP 47
Avg volume (30D)
GOEX 7.29K sh
SLVP 252K sh, better
NAV per share
GOEX $71.13
SLVP $29.48
52W range

ETF.net Grade

GOEX: Cost 26, Risk 45, Mission 73, Tradability 25, Holdings 88, Durability 60. SLVP: Cost 79, Risk 52, Mission not scored, Tradability 75, Holdings 21, Durability 79.
Pillar letters and Scores for GOEX, SLVP, with each pillar’s weight
PillarGOEXSLVP
Cost30% weightD26A79Higher
Mission25% weightA73Not scored
Risk15% weightC45C52Higher
Tradability15% weightD25A75Higher
Holdings10% weightA88HigherF21
Durability5% weightB60A79Higher

Rank among Precious Metals Miners funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GOEX and SLVP 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 ›

SLVP ranks 2nd and GOEX 14th of 18 funds in the Precious Metals Miners Category.

  1. Rank 1BRINGiShares MSCI Global Gold Miners ETFScore 67
  2. Rank 2BGDXVanEck Gold Miners ETFScore 65
  3. Rank 2BSGDMSprott Gold Miners ETFScore 65
  4. Rank 2BSLVPiShares MSCI Global Silver and Metals Miners ETFScore 65
  5. Rank 5BAUAUGlobal X Gold Miners ETFScore 63
  6. Rank 13CSILJAmplify Junior Silver Miners ETFScore 42
  7. Rank 14CGOEXGlobal X Gold Explorers ETFScore 40
  8. Rank 14CPMTLFIRST TRUST INDXX QUALITY PRECIOUS METALS MINERS ETFScore 40

Our read on each fund

ETF.net Research

GOEXCGlobal X Gold Explorers ETF

SLVPBiShares MSCI Global Silver and Metals Miners ETF

In short

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.

SLVP About 40 global silver and metals miners in one ticker, priced below the typical precious-metals miner fund. Running since 2012, and read the 'metals miners' part of the name: the index reaches past pure silver plays.

Stated mandate

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.

SLVP The fund is designed to follow an index of worldwide companies whose principal business is silver exploration or metals mining.

Why people hold it

  • 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.
  • SLVP 0.39% a year undercuts the 0.52% median for precious-metals miner funds, and matches the fee on the iShares gold-miner sibling, RING.
  • Global mandate, not a US-listing screen: the MSCI ACWI Select Silver Miners IMI covers worldwide companies whose principal business is silver exploration or metals mining.
  • Trading since 2012, one of the longer-running silver miner funds on the shelf, and it stands among the stronger implementations in its precious-metals mining peer group.

Worth knowing

  • 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.
  • SLVP Roughly 40 stocks, so individual miners carry real weight and the whole basket keys off one metal's fortunes.
  • "And Metals Miners" is doing work in the name: the mandate covers silver exploration or metals mining, so diversified miners can sit beside pure silver plays.
  • Not the cheapest silver miner ticket: AGMI lists at 0.35%, though it lacks SLVP's record back to 2012.

Full GOEX profile⁠

Full SLVP profile⁠

GOEX vs SLVP Holdings

How GOEX and SLVP differ

Overlap by weight

17.1%

Shared holdings make up 32.0% of GOEX and 30.7% of SLVP.

Level by level

  • Sector2 Sectors0.0%
  • Holdings11 in both17.1%
  • Countryby domicile73.4%
  • Asset classEquity100%

Sector

Sector weights in GOEX and SLVP, widest gap first
SectorMore in GOEXMore in SLVPGap
MaterialsGOEX +100.0 points
Metals & MiningSLVP +100.0 points

Country, concentration and asset class

Country by domicile

Country weights in GOEX and SLVP, widest gap first
CountryMore in GOEXMore in SLVPGap
AustraliaGOEX +23.1 points
MexicoSLVP +11.2 points
United StatesSLVP +5.5 points
United KingdomSLVP +5.4 points
CanadaSLVP +3.9 points
IndonesiaGOEX +2.6 points
South AfricaGOEX +0.8 points
ChinaSLVP +0.6 points

Outside the US: GOEX 93% developed, 7% emerging. SLVP 82% developed, 18% emerging.

Concentration

Weight in the 10 largest Holdings

  • GOEX39.4%
  • SLVP72.3%

Securities held

  • GOEX51
  • SLVP36

Asset class

GOEX
Equity
SLVP
Equity

Holdings

  • Only in GOEX40
  • In both11
  • Only in SLVP25

Only in GOEX

40 securities, 71.5% of GOEX by weight

  • Equinox Gold Corp4.08%
  • Alamos Gold Inc-Class A3.89%
  • G Mining Venture Corp3.77%

Only in SLVP

25 securities, 69.1% of SLVP by weight

  • Indust Penoles11.39%
  • First Majestic Silver10.25%
  • Fresnillo PLC8.06%

Weight gaps

All 11 Holdings in both funds, largest gap first.

Holding weights in GOEX and SLVP, widest gap first
HoldingMore in GOEXMore in SLVPGap
Hecla Mining CoHLSLVP +8.83 points
Dpm Metals IncGOEX +3.23 points
Eldorado Gold CorpGOEX +2.90 points
Endeavour Silver CorpSLVP +2.60 points
Lundin Gold IncGOEX +2.40 points
Coeur Mining IncCDEGOEX +2.29 points
Discovery Mining LtdSLVP +2.23 points
Ssr Mining IncGOEX +2.10 points

All 52 GOEX holdings⁠All 36 SLVP 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.

GOEX vs SLVP Cost

Overpaying GOEX vs SLVP

$4,819

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

  • GOEX 0.65%

    $12,717

  • SLVP 0.39%

    $7,898

$10,000
30 years

Cost over time

  • GOEX 0.65%
  • SLVP 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GOEX $12,717SLVP $7,898

Year by year

YearGOEXSLVPOverpaying
10$1,163$705$458
20$4,440$2,725$1,715
30$12,717$7,898$4,819

Expense ratio

  • 0.65%GOEX
  • 0.39%SLVP, cheaper
  • Middle half of Precious Metals Miners funds
  • Median 0.52%

SLVP 4th cheapest of 18 funds

GOEX 12th cheapest of 18 funds

GOEX vs SLVP Dividends

Last 12 months to Nov 3, 2026
Yield (12M)
GOEX 2.53%, better
SLVP 2.44%
Payout (12M)
GOEX $1.77
SLVP $0.70
Last payment
GOEX $0.09
SLVP $0.14
Ex-dividend
GOEX Jun 29, 2026
SLVP Jun 15, 2026
Paid on
GOEX Jul 7, 2026
SLVP Jun 18, 2026
Frequency
GOEX Twice a year
SLVP Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GOEXTwice a year · 13 paymentsAll GOEX payments⁠
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.$0$12017202020232026YTD
SLVPTwice a year · 19 paymentsAll SLVP payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.06; Dec 19, 2017 $0.03; Jun 19, 2018 $0.06; Dec 18, 2018 $0.05; Jun 17, 2019 $0.04; Dec 16, 2019 $0.19; Jun 15, 2020 $0.02; Dec 14, 2020 $0.39; Jun 10, 2021 $0.15; Dec 13, 2021 $0.06; Jun 9, 2022 $0.06; Dec 13, 2022 $0.0096; Jun 7, 2023 $0.04; Dec 20, 2023 $0.05; Jun 11, 2024 $0.04; Dec 17, 2024 $0.08; Jun 16, 2025 $0.04; Dec 16, 2025 $0.57; Jun 15, 2026 $0.14. Use the arrow keys to read each point.$0$12017202020232026YTD

GOEX vs SLVP Risk

Fall from peak · 5 years

  • GOEX
  • SLVP
Nov 3, 2021 to Nov 3, 2026. Worst fall: SLVP −47.7% · Sep 2022. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
GOEX 44.7%, betterSLVP 49.0%
Return per unit of riskSharpe ratio, 3 years
GOEX 1.00SLVP 1.00Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
GOEX −47.1%, betterSLVP −47.7%
Market sensitivityBeta, 5 years
GOEX 1.03SLVP 1.21

GOEX and SLVP in the news

All news⁠

Popular comparisons

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  • SLVPBvsRINGB

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