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ETFs

Global X Gold Explorers ETF (NEW)

GOEX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 3, 2010
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$87,125
AUM
$34,486,268
Associated Index
Solactive Global Gold Explorers & Developers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MDKA
Merdeka Copper Gold Tbk PT
6.55%
HL
Hecla Mining Co.
5.35%
SSRM
SSR Mining Inc
4.79%
AGI
Alamos Gold Inc. - Ordinary Shares - Class A
4.67%
EGO
Eldorado Gold Corp.
4.19%
PRU
Perseus Mining Limited
3.41%
OGC
OceanaGold Corp
3.40%
EQX
Equinox Gold Corp
3.00%
CEY
Centamin Plc
2.95%
DPM
Dundee Precious Metals Inc.
2.82%
Invest with GOEX

What is GOEX?

The Global X Gold Explorers ETF (GOEX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Gold Explorers & Developers Total Return Index. Prior to 5/1/2017 the Fund seeks to track the Solactive Global Gold Explorers & Developers Total Return Transition Index.

ETFs related toGOEX

ETFs correlated to GOEX include JNUG, GDXJ, NUGT

GOEX
Global X Funds - Global X Gold Explorers ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
SIL
Global X Funds - Global X Silver Miners ETF
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGOEX

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GOEX using Composer

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FAQ

GOEX is a Global Equities ETF. The Global X Gold Explorers ETF (GOEX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Gold Explorers & Developers Total Return Index. Prior to 5/1/2017 the Fund seeks to track the Solactive Global Gold Explorers & Developers Total Return Transition Index.

GOEX tracks the Solactive Global Gold Explorers & Developers Index.

No, GOEX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GOEX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GOEX is -0.038%. This is the percent change in the value of GOEX over the most recent 1-month period. The 3-month return on GOEX is -0.0461%. This is the percent change in the value of GOEX over the most recent 3-month period.

The standard deviation of GOEX for the past year is 0.3699%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GOEX include IXN, IXJ, and SMH.

ETFs correlated to GOEX include JNUG, GDXJ, and NUGT.

ETFs that are inversely correlated to GOEX include JDST, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.