According to the Dinesletter, allegedly the Gold bible, Gold is on its third and last, and biggest best major Up wave.
First wave 1970 to 1980, second wave 2000 to 2011, and the third wave 2015-2016 to present. I can’t find an HUI chart going further back than 2000 the 2nd wave. And I can’t post the Schwab software.
And you are right, starting on the 2nd wave chart Gold is up a lot more than HUI. By the way there are a lot of dog stocks in the HUI components.
Three Gold waves shown here: https://www.mrci.com/pdf/gc.pdf
https://finance.yahoo.com/quote/%5EHUI/chart?p=%5EHUI#
The most recent 3rd wave 2015 start, shows HUI running above and below GLD, and at the end, now BOTH are exactly 45% higher from the 2015 low. Maybe this link will work to see it?