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. With a 0.99 correlation, they move nearly in lockstep. AUAU charges 0.35%/yr vs 0.39%/yr for RING.
Performance
AUAU vs. RING - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AUAU having a -11.09% return and RING slightly higher at -11.05%.
AUAU
- 1D
- 1.41%
- 1M
- -14.50%
- YTD
- -11.09%
- 6M
- -14.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RING
- 1D
- 1.48%
- 1M
- -15.03%
- YTD
- -11.05%
- 6M
- -14.98%
- 1Y
- 51.23%
- 3Y*
- 43.01%
- 5Y*
- 20.15%
- 10Y*
- 12.43%
AUAU vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUAU Global X Gold Miners ETF | -11.09% | 4.18% |
RING iShares MSCI Global Gold Miners ETF | -11.05% | 5.51% |
Correlation
The correlation between AUAU and RING is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| 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 | — | 1.44 | — |
| Martin ratioReturn relative to average drawdown | — | 3.74 | — |
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Drawdowns
AUAU vs. RING - Drawdown Comparison
The maximum AUAU drawdown since its inception was -35.86%, 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 | -35.86% | -79.47% | +43.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.72% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.72% | — |
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 | -34.32% | -34.11% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -14.51% | -47.32% | +32.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.75% | — |
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 | — | 17.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.21% | 48.18% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.21% | 37.00% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.21% | 36.74% | +15.47% |
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 has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUAU Global X Gold Miners ETF | 0.00% | 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 | 1.39% | 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 1.39%, compared with 0.00% 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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