Owns gold exploration companies around the world, weighted by size, the smaller firms searching for and developing new gold deposits.
GOEX, the Global X Gold Explorers ETF, is a $122 million ETF whose main story is hard asset flight. Over the past year it returned +22.3%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
GOEX · the ETFFRI OCT 2Market price total return
+1.1% a yearTotal return since launch, November 2010
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 106 ETFs on the narrative page →
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on November 4, 2010: +1.1% a year.
Total return in each calendar year; this year is year to date. A year appears only if GOEX traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
With the market0.33
−1 opposite0 unrelated+1 in step
GOEX moves largely apart from the market. When the market has moved 1%, GOEX has tended to move 1.01%.
With Hard asset flight0.91
−1 opposite0 unrelated+1 in step
GOEX moves closely with hard asset flight. When hard asset flight has moved 1%, GOEX has tended to move 1.99%.
Weekly returns over 157 weeks. The narrative is measured without GOEX in it, so it is not compared with itself.
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in Hard asset flight
Each dot is one of 54 unlevered ETFs whose main narrative is hard asset flight, placed by its return (up) and how much it swung (right) over the last year.
Risk
55.5%Volatility, last year
−39.9%Largest fall, last year
−24.8%Below its high now
0.65%Expense ratio, a year · 27th cheapest of 35
2.15%Payout yield, last 12 months
$750,745Traded each day, 3-month average
$122.0mAssets
Issued by Global X · launched November 3, 2010
Cost against its peers
GOEX is the 27th cheapest of 35 ETFs in hard asset flight. The dashed line is the middle of the group, 0.51% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Leverage1xMoves one for one with what it holds
OptionsNoneNo options on top of what it holds
ExposureOwns its holdingsHolds the securities or the asset directly
GOEX’s main story is hard asset flight, which covers gold, silver and the miners: assets held because no government issues them.
Which ETFs compete with GOEX?
The ETFs whose weekly returns move most like GOEX’s over the past 3 years are GBUG (0.99), GDXJ (0.99) and SGDJ (0.98).
How has GOEX performed against its story?
Over the past year GOEX returned +22.3%, the ETFs carrying hard asset flight +14.9% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.91 with the story. Past performance only.
Run an ETF in hard asset flight? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →