Equity: Global Gold Miners

GOAU Top Performer Intra-day
Price $15.80
Today’s Change 0.38%
4:00pm 10/18/2019
GDXJ Bottom Performer Intra-day
Price $37.21
Today’s Change -0.43%
4:00pm 10/18/2019

ETF.com Insight

With 7 ETFs and over $15.67B in combined AUM, the Equity: Global Gold Miners segment provides exposure to the Global space with a focus on Basic Materials securities.

Year-to-date, the best-performing ETF in the segment is the U.S. Global GO Gold and Precious Metal Miners ETF (GOAU), with a total return of 37.95%. Meanwhile, the most popular ETF is the VanEck Vectors Gold Miners ETF (GDX) with $10.95BB in assets under management.

Investors should take a look at the iShares MSCI Global Gold Miners ETF (RING). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. RING tracks a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING has an expense ratio of 0.39% and tracks the MSCI ACWI Select Gold Miners IMI Index.

ETF.com Efficiency Insight

The average efficiency score in the Equity: Global Gold Miners segment is 90 out of 100, with the Sprott Junior Gold Miners ETF(SGDJ) obtaining the highest rating of 92 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.53% per year, with the iShares MSCI Global Gold Miners ETF (RING) having the lowest expense ratio, charging investors 0.39% yearly.

Investors should look for funds with tight tracking, such as the iShares MSCI Global Gold Miners ETF (RING), with a 12-month median tracking difference of -0.30%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Equity: Global Gold Miners segment is 72 out of 100, with the VanEck Vectors Gold Miners ETF(GDX) obtaining the highest rating of 96 out of 100.

The VanEck Vectors Gold Miners ETF (GDX) is the undisputed segment leader when it comes to liquidity. The fund trades 1.56B in daily average volume. Investors should also find ample liquidity in the VanEck Vectors Junior Gold Miners ETF (GDXJ), with $641.96M in daily dollar volume.

Use limit orders to trade funds such as the Global X Gold Explorers ETF(GOEX), due to their double-digit market spreads.

ETF.com/ Block Liquidity

GDX
5
4
3
2
1
GDXJ
5
4
3
2
1
RING
5
4
3
2
1
SGDM
5
4
3
2
1
GOAU
5
4
3
2
1
GOEX
5
4
3
2
1
SGDJ
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The MSCI ACWI Select Gold Miners IMI Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to RING. This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, SGDJ follows a Multi-factor strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology