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GDX vs. RING
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GDX and RING is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

GDX vs. RING - Performance Comparison

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

-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.86%
-3.89%
GDX
RING

Key characteristics

Sharpe Ratio

GDX:

1.64

RING:

1.81

Sortino Ratio

GDX:

2.17

RING:

2.33

Omega Ratio

GDX:

1.28

RING:

1.31

Calmar Ratio

GDX:

1.24

RING:

1.51

Martin Ratio

GDX:

5.92

RING:

6.68

Ulcer Index

GDX:

9.24%

RING:

9.27%

Daily Std Dev

GDX:

33.39%

RING:

34.19%

Max Drawdown

GDX:

-80.57%

RING:

-79.48%

Current Drawdown

GDX:

-15.11%

RING:

-5.67%

Returns By Period

The year-to-date returns for both investments are quite close, with GDX having a 46.74% return and RING slightly higher at 47.92%. Both investments have delivered pretty close results over the past 10 years, with GDX having a 10.79% annualized return and RING not far ahead at 11.28%.


GDX

YTD

46.74%

1M

10.53%

6M

19.50%

1Y

52.01%

5Y*

9.45%

10Y*

10.79%

RING

YTD

47.92%

1M

10.70%

6M

21.12%

1Y

59.37%

5Y*

9.61%

10Y*

11.28%

*Annualized

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GDX vs. RING - Expense Ratio Comparison

GDX has a 0.53% expense ratio, which is higher than RING's 0.39% expense ratio.


Expense ratio chart for GDX: current value is 0.53%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GDX: 0.53%
Expense ratio chart for RING: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
RING: 0.39%

Risk-Adjusted Performance

GDX vs. RING — Risk-Adjusted Performance Rank

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

GDX
The Risk-Adjusted Performance Rank of GDX is 8989
Overall Rank
The Sharpe Ratio Rank of GDX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of GDX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of GDX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of GDX is 8787
Calmar Ratio Rank
The Martin Ratio Rank of GDX is 8787
Martin Ratio Rank

RING
The Risk-Adjusted Performance Rank of RING is 9191
Overall Rank
The Sharpe Ratio Rank of RING is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of RING is 9292
Sortino Ratio Rank
The Omega Ratio Rank of RING is 9191
Omega Ratio Rank
The Calmar Ratio Rank of RING is 9090
Calmar Ratio Rank
The Martin Ratio Rank of RING is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GDX vs. RING - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Gold Miners ETF (GDX) 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.


The chart of Sharpe ratio for GDX, currently valued at 1.64, compared to the broader market-1.000.001.002.003.004.00
GDX: 1.64
RING: 1.81
The chart of Sortino ratio for GDX, currently valued at 2.17, compared to the broader market-2.000.002.004.006.008.00
GDX: 2.17
RING: 2.33
The chart of Omega ratio for GDX, currently valued at 1.28, compared to the broader market0.501.001.502.002.50
GDX: 1.28
RING: 1.31
The chart of Calmar ratio for GDX, currently valued at 1.54, compared to the broader market0.002.004.006.008.0010.0012.00
GDX: 1.54
RING: 1.51
The chart of Martin ratio for GDX, currently valued at 5.92, compared to the broader market0.0020.0040.0060.00
GDX: 5.92
RING: 6.68

The current GDX Sharpe Ratio is 1.64, which is comparable to the RING Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of GDX and RING, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.64
1.81
GDX
RING

Dividends

GDX vs. RING - Dividend Comparison

GDX's dividend yield for the trailing twelve months is around 0.81%, less than RING's 0.97% yield.


TTM20242023202220212020201920182017201620152014
GDX
VanEck Vectors Gold Miners ETF
0.81%1.19%1.61%1.66%1.67%0.53%0.65%0.50%0.76%0.26%0.85%0.66%
RING
iShares MSCI Global Gold Miners ETF
0.97%1.43%2.01%2.29%2.38%0.82%0.83%0.70%0.42%1.42%0.97%0.85%

Drawdowns

GDX vs. RING - Drawdown Comparison

The maximum GDX drawdown since its inception was -80.57%, roughly equal to the maximum RING drawdown of -79.48%. Use the drawdown chart below to compare losses from any high point for GDX and RING. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.14%
-5.67%
GDX
RING

Volatility

GDX vs. RING - Volatility Comparison

VanEck Vectors Gold Miners ETF (GDX) and iShares MSCI Global Gold Miners ETF (RING) have volatilities of 15.86% and 16.07%, 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.


6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2025FebruaryMarchApril
15.86%
16.07%
GDX
RING