AUAU vs. RING

Last updated Jun 5, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) and iShares MSCI Global Gold Miners ETF (RING). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUAU achieves a 1.62% return, which is significantly lower than RING's 1.87% return.

AUAU

• 1D: 1.46%
• 1M: 0.39%
• YTD: 1.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RING

• 1D: 1.57%
• 1M: 0.78%
• YTD: 1.87%
• 6M: 8.22%
• 1Y: 69.89%
• 3Y*: 47.62%
• 5Y*: 20.31%
• 10Y*: 14.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUAU vs. RING - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	1.62%	4.18%
RING iShares MSCI Global Gold Miners ETF	1.87%	4.26%

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 11, 2025	0.99

Return for Risk

AUAU vs. RING — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RING

RING Risk / Return Rank: 42
RING Sharpe Ratio Rank: 44
RING Sortino Ratio Rank: 38
RING Omega Ratio Rank: 43
RING Calmar Ratio Rank: 48
RING Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AUAU	RING	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.11	+0.15

Drawdowns

AUAU vs. RING - Drawdown Comparison

The maximum AUAU drawdown since its inception was -30.38%, 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.

Drawdown Indicators

	AUAU	RING	Difference
Max Drawdown Largest peak-to-trough decline	-30.38%	-79.47%	+49.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.04%	—
Current Drawdown Current decline from peak	-24.94%	-24.54%	-0.40%
Average Drawdown Average peak-to-trough decline	-12.74%	-47.40%	+34.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.74%	—

Volatility

Volatility by Period

	AUAU	RING	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.70%	45.90%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.70%	36.46%	+14.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.70%	36.53%	+14.17%

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 0.82%.

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	0.82%	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

Can I hold both AUAU and RING in my portfolio?

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.

Which ETF is better, AUAU or RING?

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.

Which ETF is cheaper, AUAU or RING?

AUAU is cheaper with a 0.35% expense ratio, compared with 0.39% for RING.

Which ETF pays a higher dividend yield, AUAU or RING?

RING has the higher dividend yield at 0.82%, compared with 0.00% for AUAU.

What is the main difference between AUAU and RING?

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.