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FDD vs. RING
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDD vs. RING

Last updated Jun 13, 2026

FDD (First Trust STOXX European Select Dividend Index Fund) and RING (iShares MSCI Global Gold Miners ETF) are both exchange-traded funds - FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30, while RING is a Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index. Both are passively managed. Over the past 10 years, FDD returned 10.93%/yr vs 13.85%/yr for RING. At a 0.28 correlation, their price movements are largely independent. FDD charges 0.58%/yr vs 0.39%/yr for RING.

Performance

FDD vs. RING - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust STOXX European Select Dividend Index Fund (FDD) 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, FDD achieves a 13.65% return, which is significantly higher than RING's -5.54% return. Over the past 10 years, FDD has underperformed RING with an annualized return of 10.93%, while RING has yielded a comparatively higher 13.85% annualized return.

FDD

1D
0.81%
1M
1.80%
YTD
13.65%
6M
17.76%
1Y
33.97%
3Y*
26.21%
5Y*
11.32%
10Y*
10.93%

RING

1D
3.20%
1M
-14.81%
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)

FDD vs. RING - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDD
First Trust STOXX European Select Dividend Index Fund		13.65%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-8.98%19.07%
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 FDD and RING is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.43

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

0.42

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

0.40

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

0.29

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

0.28

The correlation between FDD and RING shifts across timeframes, from 0.28 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

FDD vs. RING - Sectors Allocation Comparison

Sectors
FDD
RING

Financial Services

52.2%

-

Industrials

12.5%

-

Consumer Cyclical

12.3%

-

Energy

10.8%

-

Utilities

6.0%

-

Consumer Defensive

3.7%

-

Real Estate

3.5%

-

Basic Materials

2.9%
100.0%

Communication Services

2.1%

-

Healthcare

-

-

Technology

-

-

Financial Services

FDD
52.2%
RING

-

Industrials

FDD
12.5%
RING

-

Consumer Cyclical

FDD
12.3%
RING

-

Energy

FDD
10.8%
RING

-

Utilities

FDD
6.0%
RING

-

Consumer Defensive

FDD
3.7%
RING

-

Real Estate

FDD
3.5%
RING

-

Basic Materials

FDD
2.9%
RING
100.0%

Communication Services

FDD
2.1%
RING

-

Healthcare

FDD

-

RING

-

Technology

FDD

-

RING

-

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First Trust STOXX European Select Dividend Index Fund

iShares MSCI Global Gold Miners ETF

Often compared with FDD:
FDD vs. EUFNFDD vs. FLAXFDD vs. VTIFDD vs. RFEUFDD vs. IQDFFDD vs. DVYFDD vs. IEUR
Often compared with RING:
RING vs. GDXRING vs. GLDRING vs. SLVPRING vs. AUMIRING vs. GOLDRING vs. FGDLRING vs. SPY

Return for Risk

FDD vs. RING — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDD
FDD Risk / Return Rank: 7575
Overall Rank
FDD Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 7575
Sortino Ratio Rank
FDD Omega Ratio Rank: 7171
Omega Ratio Rank
FDD Calmar Ratio Rank: 7979
Calmar Ratio Rank
FDD Martin Ratio Rank: 7373
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.

FDD vs. RING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust STOXX European Select Dividend Index Fund (FDD) 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.

FDDRINGDifference
Sharpe ratioReturn per unit of total volatility
2.11
1.20

+0.91

Sortino ratioReturn per unit of downside risk
2.91
1.62

+1.29

Omega ratioGain probability vs. loss probability

1.36

1.23

+0.14

Calmar ratioReturn relative to maximum drawdown

3.58

1.59

+1.99

Martin ratioReturn relative to average drawdown

11.88

4.45

+7.42

FDD vs. RING - Sharpe Ratio Comparison

The current FDD Sharpe Ratio is 2.11, which is higher than the RING Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of FDD 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

FDD vs. RING - Drawdown Comparison

The maximum FDD drawdown since its inception was -74.77%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for FDD and RING.

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Drawdown Indicators

FDDRINGDifference

Max Drawdown

Largest peak-to-trough decline

-74.77%

-79.47%

+4.70%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-35.72%

+26.33%

Max Drawdown (3Y)

Largest decline over 3 years

-13.06%

-35.72%

+22.66%

Max Drawdown (5Y)

Largest decline over 5 years

-35.11%

-47.94%

+12.83%

Max Drawdown (10Y)

Largest decline over 10 years

-41.43%

-52.04%

+10.61%

Current Drawdown

Current decline from peak

-0.40%

-30.03%

+29.63%

Average Drawdown

Average peak-to-trough decline

-35.41%

-47.36%

+11.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

12.74%

-9.91%

Volatility

FDD vs. RING - Volatility Comparison

The current volatility for First Trust STOXX European Select Dividend Index Fund (FDD) is 5.91%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 16.83%. This indicates that FDD 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

FDDRINGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.91%

16.83%

-10.92%

Volatility (6M)

Calculated over the trailing 6-month period

12.98%

39.11%

-26.13%

Volatility (1Y)

Calculated over the trailing 1-year period

15.93%

47.31%

-31.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.48%

36.81%

-18.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.16%

36.70%

-16.54%

FDD vs. RING - Expense Ratio Comparison

FDD has a 0.58% expense ratio, which is higher than RING's 0.39% expense ratio.

Dividends

FDD vs. RING - Dividend Comparison

FDD's dividend yield for the trailing twelve months is around 3.48%, more than RING's 0.89% yield.

PositionTTM20252024202320222021202020192018201720162015
FDD
First Trust STOXX European Select Dividend Index Fund		3.48%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%
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

FDD and RING have a correlation of 0.43, 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 FDD (5.91%). In terms of maximum drawdown, FDD dropped -74.77% vs RING's -79.47%.

On 10-year performance, RING leads with 13.85% vs 10.93% for FDD. On fees, RING is cheaper at 0.39% per year. On volatility, FDD has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RING has performed better with a 13.85% return vs 10.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RING is cheaper with a 0.39% expense ratio, compared with 0.58% for FDD.

FDD has the higher dividend yield at 3.48%, compared with 0.89% for RING.

FDD is categorized as Europe Equities, while RING is Gold. FDD tracks STOXX Europe Select Dividend 30, while RING tracks MSCI ACWI Select Gold Miners Investable Market Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.58% for FDD and 0.39% for RING.

FDD currently has the higher Sharpe Ratio (2.11 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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