LAB vs. RING
LAB (Standard Biotools 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 3 years, LAB returned -29.81%/yr vs 41.73%/yr for RING. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
LAB vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, LAB achieves a -32.19% return, which is significantly lower than RING's -12.74% return.
LAB
- 1D
- -3.27%
- 1M
- -4.92%
- 6M
- -38.00%
- YTD
- -32.19%
- 1Y
- -33.23%
- 3Y*
- -29.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -29.99%
RING
- 1D
- -3.07%
- 1M
- -5.09%
- 6M
- -20.44%
- YTD
- -12.74%
- 1Y
- 45.25%
- 3Y*
- 41.73%
- 5Y*
- 19.27%
- 10Y*
- 10.69%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.80M | $2.13M | $3.13M | |
| $77.74M | $52.06M | $43.86M |
LAB vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LAB Standard Biotools Inc | -32.19% | -26.86% | -20.81% | 88.89% | -71.11% |
RING iShares MSCI Global Gold Miners ETF | -12.74% | 164.72% | 15.98% | 12.29% | -28.22% |
Correlation
The correlation between LAB and RING is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.10 |
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Return for Risk
LAB vs. RING — Risk / Return Rank
LAB
RING
LAB vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Standard Biotools Inc (LAB) 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.
| LAB | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.24 | -1.86 |
| Martin ratioReturn relative to average drawdown | -1.12 | 2.72 | -3.85 |
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Drawdowns
LAB vs. RING - Drawdown Comparison
The maximum LAB drawdown since its inception was -81.87%, roughly equal to the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for LAB and RING.
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Drawdown Indicators
| LAB | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.87% | -79.47% | -2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -38.61% | -17.69% |
Max Drawdown (3Y)Largest decline over 3 years | -75.93% | -38.61% | -37.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.04% | — |
Current DrawdownCurrent decline from peak | -78.57% | -35.37% | -43.20% |
Average DrawdownAverage peak-to-trough decline | -57.09% | -47.24% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.94% | 17.57% | +13.37% |
Volatility
LAB vs. RING - Volatility Comparison
Standard Biotools Inc (LAB) has a higher volatility of 23.09% compared to iShares MSCI Global Gold Miners ETF (RING) at 12.19%. This indicates that LAB's price experiences larger fluctuations and is considered to be riskier 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
| LAB | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.09% | 12.19% | +10.90% |
Volatility (6M)Calculated over the trailing 6-month period | 56.23% | 39.42% | +16.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.08% | 48.68% | +20.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.11% | 37.26% | +44.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.11% | 36.65% | +45.46% |
Dividends
LAB vs. RING - Dividend Comparison
LAB has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 1.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAB Standard Biotools 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 | 1.42% | 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
LAB and RING have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAB has higher volatility (23.09%) compared to RING (12.19%). In terms of maximum drawdown, LAB dropped -81.87% vs RING's -79.47%.
RING currently has the higher Sharpe Ratio (0.99 vs -0.51), 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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