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ETON vs. RING
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ETON vs. RING

Last updated Jun 13, 2026

ETON (Eton Pharmaceuticals Inc) 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 5 years, ETON returned 36.00%/yr vs 18.76%/yr for RING. At a 0.07 correlation, their price movements are largely independent.

Performance

ETON vs. RING - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eton Pharmaceuticals Inc (ETON) 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, ETON achieves a 86.81% return, which is significantly higher than RING's -5.54% return.

ETON

1D
-1.62%
1M
2.50%
YTD
86.81%
6M
89.16%
1Y
117.71%
3Y*
102.22%
5Y*
36.00%
10Y*
—

RING

1D
3.20%
1M
-16.79%
YTD
-5.54%
6M
-4.18%
1Y
56.55%
3Y*
44.87%
5Y*
18.76%
10Y*
13.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETON vs. RING - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ETON
Eton Pharmaceuticals Inc		86.81%26.95%204.11%55.32%-34.27%-47.23%12.92%17.65%-4.23%
RING
iShares MSCI Global Gold Miners ETF		-5.54%164.72%15.98%12.29%-15.40%-7.46%24.98%49.92%13.18%

Correlation

The correlation between ETON and RING is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.06

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

0.06

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

0.08

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2018

0.07

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Eton Pharmaceuticals Inc

iShares MSCI Global Gold Miners ETF

Often compared with ETON:
ETON vs. ACETETON vs. SPYETON vs. CWETON vs. ARKFETON vs. ARKWETON vs. ACMRETON vs. AQST
Often compared with RING:
RING vs. GDXRING vs. GLDRING vs. SLVPRING vs. AUMIRING vs. GOLDRING vs. FGDLRING vs. SPY

Return for Risk

ETON vs. RING — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETON
ETON Risk / Return Rank: 8787
Overall Rank
ETON Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
ETON Sortino Ratio Rank: 8888
Sortino Ratio Rank
ETON Omega Ratio Rank: 8787
Omega Ratio Rank
ETON Calmar Ratio Rank: 8585
Calmar Ratio Rank
ETON Martin Ratio Rank: 8282
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.

ETON vs. RING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eton Pharmaceuticals Inc (ETON) 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.

ETONRINGDifference
Sharpe ratioReturn per unit of total volatility
2.16
1.20

+0.96

Sortino ratioReturn per unit of downside risk
2.84
1.62

+1.22

Omega ratioGain probability vs. loss probability

1.36

1.23

+0.14

Calmar ratioReturn relative to maximum drawdown

3.27

1.59

+1.68

Martin ratioReturn relative to average drawdown

6.73

4.45

+2.28

ETON vs. RING - Sharpe Ratio Comparison

The current ETON Sharpe Ratio is 2.16, which is higher than the RING Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of ETON 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

ETON vs. RING - Drawdown Comparison

The maximum ETON drawdown since its inception was -79.94%, roughly equal to the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for ETON and RING.

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Drawdown Indicators

ETONRINGDifference

Max Drawdown

Largest peak-to-trough decline

-79.94%

-79.47%

-0.47%

Max Drawdown (1Y)

Largest decline over 1 year

-36.17%

-35.72%

-0.45%

Max Drawdown (3Y)

Largest decline over 3 years

-45.65%

-35.72%

-9.93%

Max Drawdown (5Y)

Largest decline over 5 years

-70.42%

-47.94%

-22.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-52.04%

—

Current Drawdown

Current decline from peak

-9.74%

-30.03%

+20.29%

Average Drawdown

Average peak-to-trough decline

-37.58%

-47.36%

+9.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.56%

12.74%

+4.82%

Volatility

ETON vs. RING - Volatility Comparison

Eton Pharmaceuticals Inc (ETON) and iShares MSCI Global Gold Miners ETF (RING) have volatilities of 17.63% and 16.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ETONRINGDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.63%

16.83%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

40.49%

39.11%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

54.85%

47.31%

+7.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

63.41%

36.81%

+26.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.87%

36.70%

+27.17%

Dividends

ETON vs. RING - Dividend Comparison

ETON has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 0.89%.

PositionTTM20252024202320222021202020192018201720162015
ETON
Eton Pharmaceuticals Inc		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		0.89%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

ETON and RING have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ETON has higher volatility (17.63%) compared to RING (16.83%). In terms of maximum drawdown, ETON dropped -79.94% vs RING's -79.47%.

ETON currently has the higher Sharpe Ratio (2.16 vs 1.20), 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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