AUAU vs. RING
AUAU (Global X Gold Miners ETF) and RING (iShares MSCI Global Gold Miners ETF) are both Gold funds - AUAU tracks the NYSE Arca Gold Miners Index while RING tracks the MSCI ACWI Select Gold Miners Investable Market Index. Both are passively managed. Their 0.99 correlation means they have historically moved very closely together. AUAU charges 0.35%/yr vs 0.39%/yr for RING.
Performance
AUAU vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, AUAU achieves a -1.42% return, which is significantly lower than RING's -1.22% return.
AUAU
- 1D
- 7.53%
- 1M
- 5.89%
- 6M
- -14.29%
- YTD
- -1.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RING
- 1D
- 7.91%
- 1M
- 6.57%
- 6M
- -13.71%
- YTD
- -1.22%
- 1Y
- 52.17%
- 3Y*
- 48.87%
- 5Y*
- 23.65%
- 10Y*
- 12.54%
- ALL TIME*
- 3.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.65K | $58.73K | $72.20K | |
| $58.97M | $54.67M | $45.59M |
AUAU vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUAU Global X Gold Miners ETF | -1.42% | 4.18% |
RING iShares MSCI Global Gold Miners ETF | -1.22% | 5.51% |
Correlation
The correlation between AUAU and RING is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.99 |
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Return for Risk
AUAU vs. RING — Risk / Return Rank
AUAU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RING
AUAU vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) and iShares MSCI Global Gold Miners ETF (RING). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AUAU | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.36 | — |
| Martin ratioReturn relative to average drawdown | — | 2.92 | — |
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Drawdowns
AUAU vs. RING - Drawdown Comparison
The maximum AUAU drawdown since its inception was -38.43%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for AUAU and RING.
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Drawdown Indicators
| AUAU | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -79.47% | +41.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -38.61% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.04% | — |
Current DrawdownCurrent decline from peak | -27.18% | -26.84% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -17.94% | -47.22% | +29.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.89% | — |
Volatility
AUAU vs. RING - Volatility Comparison
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Volatility by Period
| AUAU | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.75% | 49.14% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.75% | 37.46% | +13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.75% | 36.74% | +14.01% |
AUAU vs. RING - Expense Ratio Comparison
AUAU has a 0.35% expense ratio, which is lower than RING's 0.39% expense ratio.
Dividends
AUAU vs. RING - Dividend Comparison
AUAU's dividend yield for the trailing twelve months is around 0.64%, less than RING's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUAU Global X Gold Miners ETF | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 1.25% | 0.84% | 1.43% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% |
Frequently Asked Questions
With a correlation of 0.99, AUAU and RING move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, AUAU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AUAU is cheaper with a 0.35% expense ratio, compared with 0.39% for RING.
RING has the higher dividend yield at 1.25%, compared with 0.64% for AUAU.
AUAU tracks NYSE Arca Gold Miners Index, while RING tracks MSCI ACWI Select Gold Miners Investable Market Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.35% for AUAU and 0.39% for RING.
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