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BMY vs. RING
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BMY vs. RING

Last updated Jun 13, 2026

BMY (Bristol-Myers Squibb Company) is a stock, while RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index. Over the past 10 years, BMY returned 1.00%/yr vs 13.85%/yr for RING. At a 0.08 correlation, their price movements are largely independent.

Performance

BMY vs. RING - Performance Comparison

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

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Returns By Period

In the year-to-date period, BMY achieves a 8.27% return, which is significantly higher than RING's -5.54% return. Over the past 10 years, BMY has underperformed RING with an annualized return of 1.00%, while RING has yielded a comparatively higher 13.85% annualized return.

BMY

1D
0.40%
1M
0.23%
YTD
8.27%
6M
11.43%
1Y
20.57%
3Y*
0.45%
5Y*
0.73%
10Y*
1.00%

RING

1D
3.20%
1M
-8.50%
YTD
-5.54%
6M
-4.18%
1Y
54.08%
3Y*
44.87%
5Y*
18.76%
10Y*
13.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BMY vs. RING - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BMY
Bristol-Myers Squibb Company		8.27%0.11%15.81%-26.14%18.98%2.88%0.41%27.74%-12.90%7.71%
RING
iShares MSCI Global Gold Miners ETF		-5.54%164.72%15.98%12.29%-15.40%-7.46%24.98%49.92%-13.14%10.24%

Correlation

The correlation between BMY and RING is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2012

0.08

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Bristol-Myers Squibb Company

iShares MSCI Global Gold Miners ETF

Often compared with BMY:
BMY vs. MRKBMY vs. LLYBMY vs. GILDBMY vs. ABBVBMY vs. SCHDBMY vs. MDTBMY vs. SNY
Often compared with RING:
RING vs. GDXRING vs. GLDRING vs. SLVPRING vs. AUMIRING vs. GOLDRING vs. FGDLRING vs. SPY

Return for Risk

BMY vs. RING — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BMY
BMY Risk / Return Rank: 6565
Overall Rank
BMY Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
BMY Sortino Ratio Rank: 6161
Sortino Ratio Rank
BMY Omega Ratio Rank: 5858
Omega Ratio Rank
BMY Calmar Ratio Rank: 7171
Calmar Ratio Rank
BMY Martin Ratio Rank: 7070
Martin Ratio Rank
RING
RING Risk / Return Rank: 3636
Overall Rank
RING Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RING Sortino Ratio Rank: 3434
Sortino Ratio Rank
RING Omega Ratio Rank: 3939
Omega Ratio Rank
RING Calmar Ratio Rank: 3636
Calmar Ratio Rank
RING Martin Ratio Rank: 3333
Martin Ratio Rank
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.

BMY vs. RING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bristol-Myers Squibb Company (BMY) 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.

BMYRINGDifference
Sharpe ratioReturn per unit of total volatility
0.68
1.20

-0.52

Sortino ratioReturn per unit of downside risk
1.18
1.62

-0.44

Omega ratioGain probability vs. loss probability

1.14

1.23

-0.09

Calmar ratioReturn relative to maximum drawdown

1.53

1.59

-0.06

Martin ratioReturn relative to average drawdown

3.32

4.45

-1.13

BMY vs. RING - Sharpe Ratio Comparison

The current BMY Sharpe Ratio is 0.68, which is lower than the RING Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of BMY and RING, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BMY vs. RING - Drawdown Comparison

The maximum BMY drawdown since its inception was -72.03%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for BMY and RING.

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Drawdown Indicators

BMYRINGDifference

Max Drawdown

Largest peak-to-trough decline

-72.03%

-79.47%

+7.44%

Max Drawdown (1Y)

Largest decline over 1 year

-12.05%

-35.72%

+23.67%

Max Drawdown (3Y)

Largest decline over 3 years

-36.85%

-35.72%

-1.13%

Max Drawdown (5Y)

Largest decline over 5 years

-47.67%

-47.94%

+0.27%

Max Drawdown (10Y)

Largest decline over 10 years

-47.67%

-52.04%

+4.37%

Current Drawdown

Current decline from peak

-17.79%

-30.03%

+12.24%

Average Drawdown

Average peak-to-trough decline

-22.38%

-47.36%

+24.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.34%

12.74%

-6.40%

Volatility

BMY vs. RING - Volatility Comparison

The current volatility for Bristol-Myers Squibb Company (BMY) is 8.22%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 16.83%. This indicates that BMY experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BMYRINGDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.22%

16.83%

-8.61%

Volatility (6M)

Calculated over the trailing 6-month period

18.18%

39.11%

-20.93%

Volatility (1Y)

Calculated over the trailing 1-year period

27.08%

47.31%

-20.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.02%

36.81%

-12.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.29%

36.70%

-11.41%

Dividends

BMY vs. RING - Dividend Comparison

BMY's dividend yield for the trailing twelve months is around 4.38%, more than RING's 0.89% yield.

PositionTTM20252024202320222021202020192018201720162015
BMY
Bristol-Myers Squibb Company		4.38%4.60%4.24%4.44%3.00%2.36%3.69%2.55%3.08%2.55%1.95%2.17%
RING
iShares MSCI Global Gold Miners ETF		0.89%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

BMY and RING have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RING has higher volatility (16.83%) compared to BMY (8.22%). In terms of maximum drawdown, BMY dropped -72.03% vs RING's -79.47%.

RING currently has the higher Sharpe Ratio (1.20 vs 0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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