GOEX vs IVV
Global X Gold Explorers ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GOEX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GOEX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $108M | $865.2B | |
| Dividend Yield | 2.55% | 1.09% | |
| Holdings | 55 | 508 | |
| YTD Return | +4.82% | +14.50% | |
| 1Y Return | +74.56% | +22.02% | |
| 3Y Return (annualized) | +54.36% | +21.80% | |
| 5Y Return (annualized) | +25.40% | +13.37% | |
| Volatility (annualized) | 44.5% | 15.1% | |
| Max Drawdown | -90.6% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 3, 2010 | May 15, 2000 |
GOEX vs IVV Performance
Global X Gold Explorers ETF (GOEX) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GOEX returned +74.56% while IVV returned +22.02%. Year to date, GOEX is up 4.82% versus a gain of 14.50% for IVV.
Over three years, GOEX compounded at +54.36% per year against +21.80% for IVV; over five years the annualized figures are +25.40% and +13.37% respectively. Across the full 16-year window we track, IVV has the edge at +7.07% annualized vs -2.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOEX has been the more volatile fund, with annualized monthly volatility of 44.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -90.6% for GOEX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GOEX charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, GOEX currently yields 2.55% against 1.09% for IVV.
Holdings Overlap
GOEX and IVV share 0 holdings out of 557 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GOEX or IVV?
GOEX has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, GOEX or IVV?
Over the past year GOEX returned +74.56% vs +22.02% for IVV, so GOEX leads on 1-year performance. Over the longest common window we track (16 years), GOEX annualized -2.38% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, GOEX or IVV?
GOEX has been the more volatile fund at 44.5% annualized versus 15.1% for IVV. Worst drawdown: GOEX -90.6% vs IVV -56.5%.
Should I hold both GOEX and IVV?
GOEX and IVV have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOEX and IVV?
GOEX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, GOEX or IVV?
GOEX yields 2.55% while IVV yields 1.09%, so GOEX currently pays the higher dividend yield.
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