The team at Galileo is very happy to announce that in its first full quarter of trading, the U.S. Global GO GOLD and Precious Metals Miners ETF (TSX:GOGO) delivered a superior 2.3 percent return. This return is substantially in excess of the return provided by the iShares S&P/TSX Global Gold Index ETF, which returned -0.2 percent for the same period.
The smart beta construction of GOGO resulted in lower risk metrics than the iShares S&P/TSX Global Gold Index ETF, as measured by the standard deviation of daily returns for the period in question. As a result, GOGO not only delivered a superior absolute return, but an even greater risk-adjusted return relative to its peer.
The U.S. Global GO GOLD and Precious Metals Miners ETF has an expense ratio of 0.60 percent.
The iShares S&P/TSX Global Gold Index ETF has an expense ratio of 0.61 percent.
Past performance does not guarantee future results. Please consider carefully a fund’s investment objectives, risks, charges and expenses. To obtain a prospectus for the U.S. Global GO GOLD and Precious Metal Miners ETF (TSX:GOGO) please click here.
Smart beta refers to investment strategies that emphasize the use of alternative weighting schemes to traditional market capitalization based indices.
Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.