- ISIN
- US4642863355
- CUSIP
- 46434G855
- Issuer
- iShares
- Inception Date
- Jan 31, 2012
- Region
- Global (Broad)
- Category
- Gold, Precious Metals
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI ACWI Select Gold Miners Investable Market Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
RING Performance Chart
iShares MSCI Global Gold Miners ETF (RING) is down 8.5% since the beginning of the year. RING is currently trading at $67 per share. Investors who bought $1,000 worth of RING shares 5 years ago would now be looking at an investment worth $2,573.
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Returns By Period
iShares MSCI Global Gold Miners ETF (RING) has returned -8.53% so far this year and 52.30% over the past 12 months. Over the last ten years, RING has returned 12.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
iShares MSCI Global Gold Miners ETF
- 1D
- -4.54%
- 1M
- -9.24%
- YTD
- -8.53%
- 6M
- -13.08%
- 1Y
- 52.30%
- 3Y*
- 44.79%
- 5Y*
- 20.81%
- 10Y*
- 12.92%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
RING Monthly Returns History
Based on dividend-adjusted daily data since Feb 2, 2012, RING's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2020 with a return of +42.2%, while the worst month was Jul 2015 at -23.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.
On a daily basis, RING closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +15.7%, while the worst single day was Mar 18, 2020 at -15.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.67% | 23.11% | -20.56% | -3.09% | 1.59% | -13.37% | -8.53% | ||||||
| 2025 | 15.30% | 1.64% | 16.45% | 6.52% | 3.55% | 4.02% | -0.14% | 23.31% | 20.03% | -5.18% | 15.29% | 4.64% | 164.72% |
| 2024 | -10.01% | -5.61% | 21.12% | 5.18% | 6.88% | -2.22% | 12.39% | 4.06% | 2.23% | -0.21% | -6.53% | -8.04% | 15.98% |
| 2023 | 12.40% | -14.34% | 17.07% | 3.62% | -8.78% | -1.21% | 4.10% | -6.89% | -8.35% | 6.33% | 11.95% | 0.88% | 12.29% |
| 2022 | -5.49% | 10.04% | 10.77% | -8.95% | -9.51% | -14.16% | -8.13% | -8.35% | 2.29% | -0.75% | 19.33% | 1.78% | -15.40% |
| 2021 | -4.09% | -9.79% | 6.03% | 4.55% | 15.63% | -14.52% | 2.93% | -6.53% | -8.69% | 5.98% | 2.03% | 2.76% | -7.46% |
Benchmark Metrics
iShares MSCI Global Gold Miners ETF has an annualized alpha of 3.95%, beta of 0.48, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since February 02, 2012.
- This ETF participated in 55.78% of S&P 500 Index downside but only 34.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.48 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.95%
- Beta
- 0.48
- R²
- 0.05
- Upside Capture
- 34.69%
- Downside Capture
- 55.78%
Expense Ratio
RING has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RING ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RING | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.46 | -0.98 |
| Martin ratioReturn relative to average drawdown | 3.91 | 10.92 | -7.00 |
Dividends
Dividend History
iShares MSCI Global Gold Miners ETF provided a 1.35% dividend yield over the last twelve months, with an annual payout of $0.90 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.90 | $0.62 | $0.40 | $0.49 | $0.51 | $0.64 | $0.25 | $0.20 | $0.11 | $0.08 | $0.24 | $0.11 |
Dividend yield | 1.35% | 0.84% | 1.43% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Global Gold Miners ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.62 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.64 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Global Gold Miners ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Global Gold Miners ETF was 79.47%, occurring on Nov 17, 2015. Recovery took 2397 trading sessions.
The current iShares MSCI Global Gold Miners ETF drawdown is 32.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2015 bear market2015 | -79.47%Nov 2015 | 3y 8mo | 9y 6mo | 13y 3moFeb 2012 - Jun 2025 |
2026 bear market2026 | -35.72%Jun 2026 | 3mo 10d | — | 3mo 24dMar 2026 - now |
2025 correction2025 | -19.22%Nov 2025 | 18d | 1mo 7d | 1mo 25dOct 2025 - Dec 2025 |
2026 correction2026 | -18.47%Feb 2026 | 7d | 21d | 28dJan 2026 - Feb 2026 |
2025 pullback2025 | -6.55%Dec 2025 | 0s | 8d | 8dDec 2025 - Jan 2026 |
Drawdown Indicators
| RING | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.47% | -56.78% | -22.69% |
Max Drawdown (1Y)Largest decline over 1 year | -35.72% | -9.10% | -26.62% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -18.90% | -16.82% |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | -25.43% | -22.51% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -33.92% | -18.12% |
Current DrawdownCurrent decline from peak | -32.25% | -3.21% | -29.04% |
Average DrawdownAverage peak-to-trough decline | -47.33% | -10.71% | -36.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 2.04% | +11.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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