GDX vs. RING
Compare and contrast key facts about VanEck Vectors Gold Miners ETF (GDX) and iShares MSCI Global Gold Miners ETF (RING).
GDX and RING are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. RING is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index. It was launched on Jan 31, 2012. Both GDX and RING are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDX or RING.
Performance
GDX vs. RING - Performance Comparison
Returns By Period
In the year-to-date period, GDX achieves a 21.64% return, which is significantly lower than RING's 26.57% return. Over the past 10 years, GDX has underperformed RING with an annualized return of 7.64%, while RING has yielded a comparatively higher 8.13% annualized return.
GDX
21.64%
-12.73%
6.40%
31.25%
8.49%
7.64%
RING
26.57%
-13.69%
9.37%
38.54%
9.15%
8.13%
Key characteristics
| GDX | RING | |
|---|---|---|
| Sharpe Ratio | 1.07 | 1.30 |
| Sortino Ratio | 1.59 | 1.83 |
| Omega Ratio | 1.19 | 1.23 |
| Calmar Ratio | 0.61 | 0.77 |
| Martin Ratio | 4.32 | 5.23 |
| Ulcer Index | 7.97% | 8.05% |
| Daily Std Dev | 32.18% | 32.51% |
| Max Drawdown | -80.57% | -79.47% |
| Current Drawdown | -36.40% | -30.41% |
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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.
Correlation
The correlation between GDX and RING is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
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.
Dividends
GDX vs. RING - Dividend Comparison
GDX's dividend yield for the trailing twelve months is around 1.33%, less than RING's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Vectors Gold Miners ETF | 1.33% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
RING iShares MSCI Global Gold Miners ETF | 1.52% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% | 1.48% |
Drawdowns
GDX vs. RING - Drawdown Comparison
The maximum GDX drawdown since its inception was -80.57%, roughly equal to the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for GDX and RING. For additional features, visit the drawdowns tool.
Volatility
GDX vs. RING - Volatility Comparison
The current volatility for VanEck Vectors Gold Miners ETF (GDX) is 10.34%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 11.04%. This indicates that GDX 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.