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GOEX vs SPY

Comparison between GLOBAL X GOLD EXPLORERS ETF (GOEX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceGOEX has outperformed SPY, delivering a return of +16.9% compared to +13.3%

GOEX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
GOEX
$134M
Winner
SPY
$735B
Expense Ratio
GOEX
0.65%
Winner
SPY
0.09%
Max Drawdown
GOEX
90.62%
Winner
SPY
56.47%
Sharpe Ratio
GOEX
0.98
Winner
SPY
1.62
5Y Beta
Winner
GOEX
0.81
SPY
1.00
P/E Ratio
GOEX
N/A
SPY
28.99
Forward P/E
GOEX
N/A
SPY
22.37
5Y Dividends CAGR
Winner
GOEX
12.41%
SPY
5.43%
5Y EPS CAGR
GOEX
N/A
SPY
26.05%
Debt to Equity
GOEX
N/A
SPY
32.40%
P/S Ratio
GOEX
N/A
SPY
3.74
P/B Ratio
GOEX
N/A
SPY
5.61

GOEX vs SPY - Holdings Comparison

GOEX and SPY have 1 common holdings. Overlap is -0.02%

GOEX's top 25 holdings weight is 70.52%. SPY's top 25 holdings weight is 52.37%.

RankGOEXSPY
#1
HECLA MINING CO (HL) - 5.20%
NVIDIA CORP (NVDA) - 8.10%
#2
COEUR MINING INC (CDE) - 4.26%
APPLE INC (AAPL) - 7.02%
#3
DPM METALS INC (DPMLF) - 4.00%
MICROSOFT CORP (MSFT) - 4.79%
#4
EQUINOX GOLD CORP ORDINARY SHARES CLASS A (n/a) - 3.86%
AMAZON.COM INC (AMZN) - 4.02%
#5
OCEANAGOLD CORP (n/a) - 3.81%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
ALAMOS GOLD INC CLASS A (n/a) - 3.76%
BROADCOM INC (AVGO) - 3.10%
#7
ELDORADO GOLD CORP (n/a) - 3.47%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
LUNDIN GOLD INC (LUGDF) - 3.44%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
SSR MINING INC (n/a) - 3.36%
TESLA INC (TSLA) - 1.89%
#10
G MINING VENTURES CORP (GMINF) - 2.92%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
PERSEUS MINING LTD (n/a) - 2.80%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
GREATLAND RESOURCES LTD (n/a) - 2.66%
ELI LILLY AND CO (LLY) - 1.31%
#13
RAMELIUS RESOURCES LTD (n/a) - 2.46%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
GENESIS MINERALS LTD (n/a) - 2.38%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
K92 MINING INC (n/a) - 2.37%
EXXON MOBIL CORP (XOM) - 0.97%
#16
TOREX GOLD RESOURCES INC (n/a) - 2.29%
INTEL CORP (INTC) - 0.90%
#17
CAPRICORN METALS LTD (n/a) - 2.17%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
DISCOVERY SILVER CORP (n/a) - 2.10%
VISA INC CLASS A (V) - 0.85%
#19
ORLA MINING LTD (n/a) - 2.09%
WALMART INC (WMT) - 0.81%
#20
ARTEMIS GOLD INC ORDINARY SHARES (n/a) - 1.92%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
ARIS MINING CORP (ARIS) - 1.91%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
WESTGOLD RESOURCES LTD (n/a) - 1.89%
CATERPILLAR INC (CAT) - 0.66%
#23
CENTERRA GOLD INC (n/a) - 1.87%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
REGIS RESOURCES LTD (n/a) - 1.83%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
PAN AFRICAN RESOURCES PLC (n/a) - 1.70%
ABBVIE INC (ABBV) - 0.58%
Total Holdings53505

GOEX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
GOEX
-11.57%
Winner
SPY
+1.90%
3M
GOEX
-27.01%
Winner
SPY
+8.55%
6M
GOEX
-4.99%
Winner
SPY
+8.18%
1Y
Winner
GOEX
+48.55%
SPY
+25.79%
5Y(CAGR)
Winner
GOEX
+16.85%
SPY
+13.32%
10Y(CAGR)
GOEX
+12.49%
Winner
SPY
+15.19%
Max(CAGR)
GOEX
+0.11%
Winner
SPY
+8.47%

GOEX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearGOEXSPY
2026-11.91%+8.26%
2025+166.88%+18.00%
2024+21.66%+25.59%
2023-1.01%+26.72%
2022-13.34%-18.64%
2021-20.10%+30.52%
2020+35.15%+17.28%
2019+35.28%+31.09%
2018-16.42%-5.24%
2017+9.64%+20.78%
2016+72.97%+13.59%
2015-12.97%+1.31%
2014-12.18%+14.56%
2013-63.77%+29.00%
2012-31.44%+14.17%
2011-41.71%+0.85%
2010+14.53%+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

GOEX vs SPY Drawdown Comparison

The maximum drawdown for GOEX was -88.82%, occurring on Jul 23, 2015. Recovery took 3697 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current GOEX drawdown is -35.52%. The current SPY drawdown is -2.90%.

RankGOEXSPY
#1-88.82%
Apr 8, 2011 - Dec 19, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-35.52%
Mar 2, 2026 - Jun 5, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-19.44%
Jan 28, 2026 - Feb 26, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-15.09%
Dec 31, 2010 - Apr 8, 2011		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-10.10%
Nov 8, 2010 - Nov 30, 2010		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-7.40%
Dec 26, 2025 - Jan 6, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-5.20%
Dec 6, 2010 - Dec 28, 2010		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-1.91%
Jan 6, 2026 - Jan 12, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-1.65%
Dec 23, 2025 - Dec 26, 2025		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-1.64%
Dec 28, 2010 - Dec 31, 2010		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-1.24%
Jan 20, 2026 - Jan 22, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-0.59%
Jan 15, 2026 - Jan 20, 2026		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13N/A-8.41%
Jul 16, 2024 - Sep 19, 2024
#14N/A-7.35%
Sep 14, 2012 - Jan 2, 2013
#15N/A-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GOEX and SPY is 0.33 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.33
-101

Dividend Comparison (1999 - 2026)

GOEX vs SPY dividend yield comparison.

YearGOEXSPY
20260.00%0.24%
20252.08%1.07%
20242.46%1.21%
20230.05%1.40%
20221.04%1.65%
20212.35%1.20%
20202.62%1.52%
20191.60%1.75%
20180.00%2.04%
20170.00%1.80%
201638.91%2.03%
201511.70%2.06%
20140.13%1.87%
20130.00%1.81%
20124.92%2.18%
20112.36%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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