Global X Gold Explorers ETF (GOEX) Performance
GOEX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −10.1% since Dec 31, 2025
- 1 year
- +8.5% total return
- 5 years
- +20.5% a year
- 10 years
- +12.6% a year
- Since first price
- +0.4% a year since 2010
GOEX trailing returns vs SPY, QQQ, AGG
| Period | GOEX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −18.0% | −18.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −16.1% | −16.2% | +7.8% | +8.4% | −1.5% |
| YTD | −10.1% | −10.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.5% | +6.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +230.3%+48.9%/yr | +215.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +153.9%+20.5%/yr | +135.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +228.6%+12.6%/yr | +190.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +44.7%+2.5%/yr | +6.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 4, 2010 | +6.3%+0.4%/yr | −21.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GOEX vs SPY
From Nov 4, 2010: GOEX grew to $10,629, SPY to $82,321.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GOEX returns by calendar year
7 of 15 full years positive. Best 2025 (+179.5%), worst 2013 (−62.4%). 2026 is year to date.
GOEX annual returns table
| Year | GOEX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −10.1% | −39.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +179.5% | −20.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.4% | −19.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.0% | −31.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.6% | −47.2% | −18.2% | −32.6% | −13.0% |
| 2021 | −14.5% | −30.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +35.0% | −47.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +36.7% | −18.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.8% | −26.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +12.6% | −25.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +80.5% | −43.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −10.6% | −36.9% | +1.2% | +9.4% | +0.5% |
| 2014 | −6.7% | −48.7% | +13.5% | +19.2% | +6.0% |
| 2013 | −62.4% | −65.4% | +32.3% | +36.6% | −2.0% |
| 2012 | −28.4% | −45.1% | +16.0% | +18.1% | +3.8% |
| 2011 | −42.1% | −46.4% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GOEX largest drawdowns
Now 33.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 8, 2011 | −88.8% | Jul 23, 2015 | Dec 11, 2025 | 4.3 years | 14.7 years |
| Mar 2, 2026 | −39.9% | Jul 20, 2026 | not yet | 5 months | 8 months so far |
| Jan 28, 2026 | −19.4% | Feb 5, 2026 | Feb 26, 2026 | 8 days | 29 days |
| Dec 31, 2010 | −15.1% | Jan 25, 2011 | Apr 8, 2011 | 25 days | 3 months |
| Nov 8, 2010 | −10.1% | Nov 16, 2010 | Nov 30, 2010 | 8 days | 22 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GOEX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +58.4% | +27.5% | +13.4% | +0.8% |
| Volatility (annualized) | 42.9% | 40.3% | 38.0% | 44.2% |
| Sharpe ratio | 1.19 | 0.71 | 0.45 | 0.20 |
| Sortino ratio | 2.59 | 1.34 | 0.83 | 0.33 |
| Best month | +34.8% | +34.8% | +42.9% | +60.4% |
| Worst month | −21.8% | −21.8% | −21.8% | −27.7% |
| Best 12 months | +239.9% | +239.9% | +239.9% | +239.9% |
| Worst 12 months | +19.4% | −30.9% | −30.9% | −62.9% |
| Positive months | 58% | 52% | 46% | 45% |
| Beta vs S&P 500 | 0.43 | 0.88 | 0.94 | — |
| Correlation with S&P 500 | 0.12 | 0.34 | 0.38 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GOEX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 180 | −62.9% | −2.5% | +239.9% | 48% |
| 3-year (a year) | 156 | −46.2% | +7.3% | +66.9% | 65% |
| 5-year (a year) | 132 | −33.5% | +5.3% | +31.6% | 76% |
| 10-year (a year) | 72 | −9.7% | +4.2% | +24.2% | 62% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
GOEX performance overview
Global X Gold Explorers ETF (GOEX) returned +8.5% over the past year and +12.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +0.4% a year, turning $10,000 into about $10,629. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −88.8%, from Apr 8, 2011 to Jul 23, 2015, and it took 10.4 years to get back to the old high. GOEX finished 7 of its 15 full calendar years with a gain; the best year was 2025 (+179.5%) and the worst 2013 (−62.4%). Volatility has been 44.2% a year.
Related: GOEX chart, GOEX holdings, GOEX dividends. See the GOEX overview for the latest quote and fund facts.
GOEX performance FAQ
What is the GOEX return over the past year?
GOEX returned +8.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.2%.
What is the average annual return of GOEX?
GOEX has returned +20.5% a year over 5 years, +12.6% a year over 10 years, +0.4% a year since November 4, 2010 (total return, distributions reinvested).
How much would $10,000 invested in GOEX be worth?
$10,000 invested in GOEX at its first recorded close on November 4, 2010 would be worth about $10,629 on October 23, 2026 with distributions reinvested.
What was the worst year for GOEX?
The worst calendar year was 2013, with a total return of −62.4%. The best was 2025 at +179.5%.
What is the biggest drawdown of GOEX?
The largest peak-to-trough decline was −88.8% between April 8, 2011 and July 23, 2015. It recovered to the old high on December 11, 2025, 10.4 years after the bottom.
How volatile is GOEX?
Over the past 3 years GOEX had an annualized volatility of 42.9% and a Sharpe ratio of 1.19 (excess return over 1–3 month T-bills per unit of risk).