Loading ...GOAU:XGD – Weekly
As per Fully’s request here is a ratio chart of the new ETF GOAU (Go Gold) divided by the ETF XGD. The idea is to determine which ETF has the better performance.
My pencil calculations determined they performed equally near enough since Gold bottomed in Aug/Sept last year.
However, the ratio chart shows that since inception in June 2017 GOAU has gained overall on XGD.
My intention is to post the chart after market close each Friday (or on the weekend)
GOAU certainly has the name. Go Gold! You can’t beat that.
EDITED Sat. 27 July – S.fox
GOAU:XGD – Daily
GOAU:XGD Weekly
GOAU was first brought to the attention of the board by Silverboom.
In the interest of using consistent currency units, shouldn’t the ratio be GOAU:GDX?
I believe that GOAU is in U.S. dollars, while XGD is in Canadian dollars.
The point was to compare the popular Canadian ETF with the upstart American GOAU.
If comparing with GDX, why not GDXJ as well, or other ETFs? (GDXJ will out perform GDX in a bull market and under perform in a bear market – we already know that)
However, your point is well taken. Let me think on it some.
I agree with Homer
GOAU vs GDX and perhaps also GDXJ
GOAU has more of OUR kind of stocks in it and I bet it will beat GDX
🙂