Why is GLL better than GOEX?

GLL may be considered better than GOEX for some investors due to its specific focus, offering diversification.

GOEX's performance relative to GLL will vary over time, depending on market conditions.

Should I invest in GLL or GOEX?

The choice between GLL and GOEX should align with your investment goals, risk tolerance, and desired exposure.

Are GLL and GOEX good investments?

Both GLL and GOEX can be suitable investments depending on individual investment strategies, goals, and risk profiles.

What is the correlation between GLL and GOEX?

The correlation between GLL and GOEX can vary over time, reflecting differences in performance.

4 min read

By Ron Koren, ETF Insider

GLL VS GOEX

Exchange-Traded Funds (ETFs) have emerged as versatile investment vehicles that cater to a wide range of strategies and sectors. In this article, we will conduct an in-depth comparison between two prominent ETFs: GLL (ProShares UltraShort Gold) and GOEX (Global X Gold Explorers ETF). Our analysis will encompass crucial factors such as ETF tickers, full names, issuers, sectors, top holdings, capitalization, investment strategy, tracking methods, and exposure.

GLL Vs GOEX: Overview

GLL and GOEX are distinct ETFs with varying objectives and approaches within the gold industry. While GLL aims to provide investors with inverse exposure to the gold market's performance, GOEX focuses on companies engaged in gold exploration. These differing strategies yield different risk and return profiles, and we will delve deeper into these nuances in the following sections.

GLL Vs GOEX: Sectors and Top Holdings

GLL's primary focus is on providing investors with leveraged inverse exposure to the daily performance of gold. On the other hand, GOEX is comprised of stocks of companies operating in the gold exploration sector, including firms like Newmont Corporation, Kirkland Lake Gold, and Agnico Eagle Mines. Understanding the sectors and top holdings of these ETFs is essential for investors seeking to align their portfolios with specific market segments and potential growth opportunities.

GLL overlap GLL VS GOEX

GLL Vs GOEX: Capitalization and Investment Strategy

GLL, with its unique strategy, has attracted investors looking to capitalize on potential declines in the gold market. This ETF's asset under management (AUM) reflects its appeal among those aiming to hedge against gold price volatility. GOEX's strategy, however, revolves around investing in companies engaged in gold exploration and mining activities, with its AUM reflecting investor sentiment toward the gold exploration sector. The contrasting capitalization and strategies between these ETFs offer investors distinct avenues for exposure and potential returns.

GLL Vs GOEX: Tracking Methods and Exposure

GLL achieves its objective through the use of financial derivatives, providing a magnified inverse performance of gold's daily price movements. GOEX, on the other hand, seeks to replicate the performance of the Solactive Global Gold Explorers & Developers Index, comprising companies engaged in gold exploration and mining. Investors should comprehend these tracking methods and exposures to make informed decisions based on their outlook for the gold market and their risk preferences.

Conclusion

GLL and GOEX exemplify the diverse opportunities ETFs offer to investors seeking exposure to the gold market. Each ETF's unique strategy caters to distinct investment goals and risk appetites, making them valuable tools for portfolio diversification. For those aiming to gain deeper insights into the holdings, correlations, overlaps, and various other facets of these ETFs, the ETF Insider platform provides an intuitive and user-friendly application. This resource empowers investors to make well-informed decisions while navigating the complexities of the financial markets.

Disclaimer: This article is intended solely for informational purposes and does not offer any investment advisory services. Before making any investment decisions, readers are advised to conduct thorough research, consider their financial goals, and consult with a qualified financial professional.

Sources:

ProShares: https://www.proshares.com/funds/gll.html
Global X ETFs: https://www.globalxetfs.com/funds/goex/
Solactive Global Gold Explorers & Developers Index: https://www.solactive.com/indices/?index=DE000SLA0WY4

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FAQ

Why is GLL better than GOEX?
GLL may be considered better than GOEX for some investors due to its specific focus, offering diversification.
Does GOEX beat GLL?
GOEX's performance relative to GLL will vary over time, depending on market conditions.
Should I invest in GLL or GOEX?
The choice between GLL and GOEX should align with your investment goals, risk tolerance, and desired exposure.
Are GLL and GOEX good investments?
Both GLL and GOEX can be suitable investments depending on individual investment strategies, goals, and risk profiles.
What is the correlation between GLL and GOEX?
The correlation between GLL and GOEX can vary over time, reflecting differences in performance.