LAB vs. RING

Last updated Jun 4, 2026

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 -21.65%/yr vs 47.07%/yr for RING. At a 0.10 correlation, their price movements are largely independent.

Performance

LAB vs. RING - Performance Comparison

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

Returns By Period

In the year-to-date period, LAB achieves a -10.94% return, which is significantly lower than RING's 0.30% return.

LAB

• 1D: -1.72%
• 1M: 21.93%
• YTD: -10.94%
• 6M: -20.83%
• 1Y: 6.54%
• 3Y*: -21.65%
• 5Y*: —
• 10Y*: —

RING

• 1D: -3.07%
• 1M: -0.66%
• YTD: 0.30%
• 6M: 7.49%
• 1Y: 67.87%
• 3Y*: 47.07%
• 5Y*: 19.93%
• 10Y*: 14.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LAB vs. RING - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LAB Standard Biotools Inc	-10.94%	-26.86%	-20.81%	88.89%	-68.46%
RING iShares MSCI Global Gold Miners ETF	0.30%	164.72%	15.98%	12.29%	-26.39%

Correlation

The correlation between LAB and RING is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022	0.10

Return for Risk

LAB vs. RING — Risk / Return Rank

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

LAB

LAB Risk / Return Rank: 45
LAB Sharpe Ratio Rank: 45
LAB Sortino Ratio Rank: 46
LAB Omega Ratio Rank: 44
LAB Calmar Ratio Rank: 45
LAB Martin Ratio Rank: 43

RING

RING Risk / Return Rank: 39
RING Sharpe Ratio Rank: 41
RING Sortino Ratio Rank: 35
RING Omega Ratio Rank: 39
RING Calmar Ratio Rank: 45
RING Martin Ratio Rank: 37

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.

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.

	LAB	RING	Difference
Sharpe ratio Return per unit of total volatility	0.11	1.49	-1.38
Sortino ratio Return per unit of downside risk	0.64	1.87	-1.23
Omega ratio Gain probability vs. loss probability	1.07	1.26	-0.19
Calmar ratio Return relative to maximum drawdown	0.14	2.27	-2.13
Martin ratio Return relative to average drawdown	0.26	5.85	-5.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAB vs. RING - Sharpe Ratio Comparison

The current LAB Sharpe Ratio is 0.11, which is lower than the RING Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of LAB 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.

Sharpe Ratios by Period

	LAB	RING	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	1.49	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.10	-0.41

Drawdowns

LAB vs. RING - Drawdown Comparison

The maximum LAB drawdown since its inception was -77.54%, 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.

Drawdown Indicators

	LAB	RING	Difference
Max Drawdown Largest peak-to-trough decline	-77.54%	-79.47%	+1.93%
Max Drawdown (1Y) Largest decline over 1 year	-47.47%	-30.11%	-17.36%
Max Drawdown (3Y) Largest decline over 3 years	-71.07%	-30.11%	-40.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-47.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.04%	—
Current Drawdown Current decline from peak	-70.99%	-25.71%	-45.28%
Average Drawdown Average peak-to-trough decline	-54.97%	-47.41%	-7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.75%	11.64%	+13.11%

Volatility

LAB vs. RING - Volatility Comparison

The current volatility for Standard Biotools Inc (LAB) is 13.41%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 14.98%. This indicates that LAB 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.

Volatility by Period

	LAB	RING	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.41%	14.98%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	41.54%	37.38%	+4.16%
Volatility (1Y) Calculated over the trailing 1-year period	60.83%	45.90%	+14.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.65%	36.46%	+44.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.65%	36.53%	+44.12%

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 0.83%.

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	0.83%	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

Can I hold both LAB and RING in my portfolio?

LAB and RING have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAB or RING?

RING has higher volatility (14.98%) compared to LAB (13.41%). In terms of maximum drawdown, LAB dropped -77.54% vs RING's -79.47%.

Which has better risk-adjusted returns?

RING currently has the higher Sharpe Ratio (1.49 vs 0.11), 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.