Global X Gold Explorers ETF
GOEX - ETF AI Analysis
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Global X Gold Explorers ETF (GOEX)
GOEX’s rating reflects a mix of solid, established gold miners and more speculative explorers. Strong contributors like Eldorado Gold, Lundin Gold, and Perseus Mining support the fund with robust financial performance, positive earnings sentiment, and healthy cash flow, while G Mining Ventures’ early-stage, high-debt profile and lack of current revenue slightly drag on the overall quality. The main risk is the fund’s concentration in gold exploration and mining, which can lead to higher volatility and sensitivity to gold prices and sector-specific operational challenges.
GOEX vs. SPDR S&P 500 ETF (SPY)
- AUM
- 119.88M
- Region
- Global
- Expense Ratio
- 0.65%
- Beta
- 0.96
- Issuer
- Global X
- Inception Date
- Nov 03, 2010
- Dividend Yield
- 2.29%
- Asset Class
- Equity
- Index Tracked
- Solactive Global Gold Explorers & Developers Index
GOEX Summary
Global X Gold Explorers ETF (GOEX) is a fund that follows the Solactive Global Gold Explorers & Developers Index, focusing on companies that search for and develop new gold mines. It mainly holds smaller gold mining and exploration firms from countries like Canada, the U.S., and Australia, including names such as Equinox Gold and Hecla Mining Company. Someone might invest in GOEX if they believe gold prices will rise and want growth potential tied to new gold discoveries, while spreading risk across many companies. A key risk is that it is heavily tied to gold prices and mining stocks, so its value can swing sharply up or down.
How much will it cost me?
This ETF has an expense ratio of 0.65%, which means you’ll pay about $6.50 per year for every $1,000 you invest. That’s higher than the average ETF because it focuses on a specialized, actively managed niche of gold exploration companies, which typically costs more to run than broad, passive index funds.
What would affect this ETF?
GOEX is heavily focused on global gold exploration and mining companies, so it could benefit if gold prices rise due to economic uncertainty, inflation worries, or stronger demand for precious metals, which would likely help its major holdings like Equinox Gold and Hecla Mining. On the downside, falling gold prices, higher interest rates that make other investments more attractive, rising mining costs, or stricter environmental and mining regulations in key countries could hurt profits for these materials-sector companies and weigh on the ETF’s performance.
GOEX Top 10 Holdings
GOEX is a pure play on global gold explorers, and its story right now is one of promise mixed with growing pains. SSR Mining and Dundee Precious Metals are among the brighter spots, helping to steady the fund with relatively resilient, rising trends. On the other side, names like Equinox Gold, Lundin Gold, and Alamos Gold have been losing steam this year, dragging on overall returns despite some solid operational progress. With nearly all exposure tied to gold miners across multiple countries, performance is driven far more by the gold exploration theme than by any single region.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 HL | Hecla Mining Company | 4.72% | $5.46M | $9.60B | -4.40% | 74Outperform |
 TSE:DPM | DPM Metals | 4.22% | $4.88M | CAD 11.82B | 67.40% | 75Outperform |
 TSE:EQX | Equinox Gold | 4.09% | $4.72M | CAD 18.64B | -11.13% | 73Outperform |
 TSE:AGI | Alamos Gold | 3.88% | $4.48M | CAD 18.32B | -6.53% | 77Outperform |
 EGO | Eldorado Gold | ― | ― | ― | ― | 79Outperform |
 TSE:GMIN | G Mining Ventures | 3.97% | $4.59M | CAD 13.98B | 57.44% | 53Neutral |
 CDE | Coeur Mining | 4.00% | $4.62M | $15.62B | -1.18% | 69Neutral |
 TSE:LUG | Lundin Gold | 3.63% | $4.20M | CAD 23.92B | -11.88% | 78Outperform |
 OGC | OceanaGold | 3.27% | $3.78M | $6.22B | 12.12% | ―― |
 AU:PRU | Perseus Mining | 3.16% | $3.65M | AUD 8.79B | 29.24% | 79Outperform |
GOEX Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For GOEX, the sentiment is Negative. The current price of 77.19 is above the 20-day moving average (MA) of 76.12, below the 50-day MA of 82.32, and below the 200-day MA of 83.23, indicating a neutral trend. The MACD of -1.03 indicates Negative momentum. The RSI at 48.63 is Neutral, neither overbought nor oversold. The STOCH value of 75.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GOEX.
GOEX Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| GOEX | $77.19 | $84.00(8.83% Upside) | $119.88M | 0.65% | 58Neutral |
 SLVP | $31.27 | $43.87(40.29% Upside) | $791.35M | 0.39% | 59Neutral |
 SGDM | $72.14 | $93.55(29.68% Upside) | $671.49M | 0.46% | 70Outperform |
 MXI | $109.60 | $131.47(19.96% Upside) | $404.53M | 0.37% | 65Neutral |
 COPP | $36.75 | $46.46(26.42% Upside) | $246.78M | 0.66% | 55Neutral |
 GOAU | $42.00 | $55.69(32.60% Upside) | $199.49M | 0.60% | 70Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GOEX | Global X Gold Explorers ETF | 77.19 | 8.30 | 12.05% | |
| SLVP | iShares MSCI Global Silver Miners ETF | 31.27 | 3.97 | 14.55% | |
| SGDM | Sprott Gold Miners ETF | 72.14 | 9.60 | 15.35% | |
| MXI | iShares Global Materials ETF | 109.60 | 19.01 | 20.99% | |
| COPP | Sprott Copper Miners ETF | 36.75 | 8.21 | 28.76% | |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 42.00 | 3.23 | 8.33% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.