Global X Gold Explorers ETF

10-Year Study

GOEX.US · · US · ETF

Executive Summary: Global X Gold Explorers ETF has compounded at 17.1% annually over the last 10 years, with a maximum drawdown of 43.8% and an annualized volatility of 40.4%.

1Y CAGR
+120.7%
3Y CAGR
+57.9%
5Y CAGR
+22.9%
10Y CAGR
+17.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
43.8%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.61
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.40
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
42.0%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +179.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -14.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20267.724.7-21.87.6————————13.0%
202511.7-1.217.07.310.41.3-5.126.823.9-2.217.05.8179.5%
2024-8.8-5.921.71.011.0-7.29.74.36.23.4-6.0-6.819.4%
202311.6-11.913.9-0.5-8.9-4.27.0-4.1-11.31.914.1-0.92.0%
2022-7.911.58.4-6.9-8.3-19.55.8-11.0-1.5-1.820.91.5-14.6%
2021-9.1-6.8-1.86.515.0-13.0-0.1-4.7-9.613.1-1.50.8-14.5%
2020-0.9-14.6-18.942.914.16.519.40.4-8.1-4.7-3.711.935.0%
201911.5-0.9-3.6-5.8-0.318.68.16.5-10.74.7-4.111.536.7%
2018-2.3-5.60.24.91.4-3.2-2.8-11.8-2.1-0.8-3.110.9-14.8%
201716.9-3.32.1-7.3-3.15.8-0.16.4-4.7-6.4-2.010.612.6%
2016———60.4-15.628.212.5-16.53.4-9.3-16.92.830.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 40.4%. The dominant macroeconomic risk driver is GLD.US, accounting for 40.3% of variance. Idiosyncratic stock-specific factors contribute 9.4%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0116036.940102129354
2016-05-0113528.156693170988
2016-06-0117337.453593729995
2016-07-0119512.325220829836
2016-08-0116287.356158343171
2016-09-0116836.550360582052
2016-10-0115263.644510191598
2016-11-0112680.184344907044
2016-12-0113029.742685233914
2017-01-0115232.849238297084
2017-02-0114722.984794389997
2017-03-0115025.10561426966
2017-04-0113923.58789809823
2017-05-0113489.253659161059
2017-06-0114269.73244385019
2017-07-0114257.144076355204
2017-08-0115169.907400822154
2017-09-0114452.299332887642
2017-10-0113533.277385033356
2017-11-0113268.92166763865
2017-12-0114672.631324410053
2018-01-0114332.67428132512
2018-02-0113533.277385033356
2018-03-0113558.454120023327
2018-04-0114225.708717977894
2018-05-0114420.79285379002
2018-06-0113961.353000583189
2018-07-0113571.042487518314
2018-08-0111972.248694934782
2018-09-0111720.481345035063
2018-10-0111626.033028462512
2018-11-0111267.228994495255
2018-12-0112494.701506336856
2019-01-0113929.84652148557
2019-02-0113810.221469923044
2019-03-0113313.016514231258
2019-04-0112545.054976316798
2019-05-0112507.28987383184
2019-06-0114839.40941353854
2019-07-0116036.157774205934
2019-08-0117081.70348349288
2019-09-0115255.11002375432
2019-10-0115973.144816010696
2019-11-0115324.3816053369
2019-12-0117084.26382942406
2020-01-0116924.242208725092
2020-02-0114454.43295449696
2020-03-0111722.188242322518
2020-04-0116751.489979090507
2020-05-0119112.555651963645
2020-06-0120357.737223162596
2020-07-0124315.249704849008
2020-08-0124411.333797988704
2020-09-0122445.34372644126
2020-10-0121388.703184785852
2020-11-0120601.041207345348
2020-12-0123060.04011208625
2021-01-0120957.711619703285
2021-02-0119525.482554087306
2021-03-0119177.27550744634
2021-04-0120432.12949660754
2021-05-0123487.12003755174
2021-06-0120437.60579207146
2021-07-0120417.76311110479
2021-08-0119454.0062301751
2021-09-0117579.264042786224
2021-10-0119876.463308820392
2021-11-0119572.848953814202
2021-12-0119727.536520489877
2022-01-0118173.762143862994
2022-02-0120272.321238069497
2022-03-0121967.270244513034
2022-04-0120460.64890545211
2022-05-0118752.258082869863
2022-06-0115091.390125599191
2022-07-0115960.912052117263
2022-08-0114201.669914512893
2022-09-0113985.960769810674
2022-10-0113729.855055972006
2022-11-0116594.45542864458
2022-12-0116841.955535325662
2023-01-0118792.512410565694
2023-02-0116549.64937484887
2023-03-0118846.919761603345
2023-04-0118758.58782697751
2023-05-0117086.610813194315
2023-06-0116367.72257229421
2023-07-0117516.96229179409
2023-08-0116796.1537914456
2023-09-0114898.937456438556
2023-10-0115184.55826920615
2023-11-0117326.572123522466
2023-12-0117176.934127988847
2024-01-0115667.325718674878
2024-02-0114735.715403325605
2024-03-0117931.738332645833
2024-04-0118108.54444333812
2024-05-0120094.163833691306
2024-06-0118649.91536634283
2024-07-0120452.327781175765
2024-08-0121329.67298692801
2024-09-0122656.00330000142
2024-10-0123417.777335248848
2024-11-0122009.871555979116
2024-12-0120505.38383852752
2025-01-0122895.182282406153
2025-02-0122630.470961409897
2025-03-0126469.567443779066
2025-04-0128392.529479538563
2025-05-0131339.843249932434
2025-06-0131743.951182737575
2025-07-0130127.448330796688
2025-08-0138195.8095671593
2025-09-0147330.1992802583
2025-10-0146292.050125883674
2025-11-0154165.32722643414
2025-12-0157316.188498357114
2026-01-0161711.4490135556
2026-02-0176924.17108800478
2026-03-0160189.465598907576
2026-04-0164773.90723013242
Annual Return Matrix
YearAnnual Return
20170.1260875735510847
2018-0.1484348492045796
20190.36732068555295605
20200.34978248652249033
2021-0.14451421486685712
2022-0.14627173454562492
20230.019889530759096052
20240.1937743770650635
20251.795177547014061
20260.13011539893287005
Total Factor Risk
0.4041350474693772
VTI.US Exposure
0.2500673192135214
VEA.US Exposure
0.2646465820962531
VWO.US Exposure
-0.047416515828973965
QQQ.US Exposure
-0.05124391016495397
VTV.US Exposure
-0.09400562276602989
IJR.US Exposure
0.016596082513521793
QUAL.US Exposure
-0.032750132748770956
SHV.US Exposure
0.11844289746056569
TLT.US Exposure
-0.007100916906789793
LQD.US Exposure
-0.011313287830057694
HYG.US Exposure
-0.005557112721345947
GLD.US Exposure
0.4033335187606963
USO.US Exposure
0.00140693243423998
VNQ.US Exposure
-0.005225566690746339
BTC-USD.CC Exposure
0.01929728564845103
CPER.US Exposure
0.05103989499230766
VIX.INDX Exposure
0.008507762489860833
UUP.US Exposure
-0.005134722583027011
TIP.US Exposure
0.03247529841044759
Idiosyncratic Exposure
0.09393421422083018
Value Score
46.3
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
18.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
40.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →9.2x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.55%
Market Cap$6.1B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+25.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
16.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.87
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Global X Gold Explorers ETF a high-risk investment?

Global X Gold Explorers ETF (GOEX.US) has an annualized volatility of 40.4% and experienced a maximum drawdown of 43.8% over the last 10 years. Its primary macro risk driver is GLD.US.

What is the 10-year return of GOEX.US?

Over the past 10 years, GOEX.US has generated a Compound Annual Growth Rate (CAGR) of 17.1%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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