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ETFs

US Global GO Gold and Precious Metal Miners ETF

GOAU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 28 2017
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
U.S. Global Investors
Volume (1m avg. daily)
$513,386
AUM
$87,725,680
Associated Index
U.S. Global GO GOLD and Precious Metal Miners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RGLD
Royal Gold, Inc.
10.19%
WPM
Wheaton Precious Metals Corp
10.16%
FNV
Franco-Nevada Corporation
9.79%
DPM
Dundee Precious Metals Inc.
4.05%
OGC
OceanaGold Corp
3.92%
TXG
Torex Gold Resources Inc
3.89%
OR
Osisko Gold Royalties Ltd
3.87%
SAND
Sandstorm Gold Ltd
3.74%
SBSW
Sibanye Stillwater Limited - ADR
3.40%
LUG
Lundin Gold Inc
3.17%
Invest with GOAU

What is GOAU?

The U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE Arca: GOAU) provides investors access to companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means. The Index is composed of the exchange-listed common stock (or American Depositary Receipts ( ADRs )) of U.S. and international (including emerging markets) companies that earn at least 50 percent of their aggregate revenue from precious metals ( Precious Metals Companies ). Precious metals consist of gold, silver, platinum, and palladium. The Index may include small-, mid-, and large-capitalization companies.

ETFs related toGOAU

ETFs correlated to GOAU include NUGT, GDX, GDXU

GOAU
ETF Series Solutions Trust - U.S. Global GO GOLD and Precious Metal Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
SIL
Global X Funds - Global X Silver Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGOAU

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GOAU using Composer

FAQ

GOAU is a Global Equities ETF. The U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE Arca: GOAU) provides investors access to companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means. The Index is composed of the exchange-listed common stock (or American Depositary Receipts ( ADRs )) of U.S. and international (including emerging markets) companies that earn at least 50 percent of their aggregate revenue from precious metals ( Precious Metals Companies ). Precious metals consist of gold, silver, platinum, and palladium. The Index may include small-, mid-, and large-capitalization companies.

GOAU tracks the U.S. Global GO GOLD and Precious Metal Miners Index.

No, GOAU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GOAU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GOAU is -0.0417%. This is the percent change in the value of GOAU over the most recent 1-month period. The 3-month return on GOAU is -0.0723%. This is the percent change in the value of GOAU over the most recent 3-month period.

The standard deviation of GOAU for the past year is 0.362%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GOAU include IXN, IXJ, and SMH.

ETFs correlated to GOAU include NUGT, GDX, and GDXU.

ETFs that are inversely correlated to GOAU include GDXD, DUST, and JDST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.