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 -28.78%/yr vs 38.89%/yr for RING. At a 0.10 correlation, their price movements are largely independent.
Performance
LAB vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, LAB achieves a -33.69% return, which is significantly lower than RING's -13.45% return.
LAB
- 1D
- -7.58%
- 1M
- -4.38%
- 6M
- -43.79%
- YTD
- -33.69%
- 1Y
- -35.70%
- 3Y*
- -28.78%
- 5Y*
- —
- 10Y*
- —
RING
- 1D
- -2.53%
- 1M
- -8.38%
- 6M
- -22.60%
- YTD
- -13.45%
- 1Y
- 45.11%
- 3Y*
- 38.89%
- 5Y*
- 19.27%
- 10Y*
- 11.09%
LAB vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LAB Standard Biotools Inc | -33.69% | -26.86% | -20.81% | 88.89% | -71.11% |
RING iShares MSCI Global Gold Miners ETF | -13.45% | 164.72% | 15.98% | 12.29% | -28.22% |
Correlation
The correlation between LAB and RING is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
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 | -1.47 | ||
| 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 | -0.64 | 1.26 | -1.90 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.93 | -4.15 |
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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% | -35.91% | -20.39% |
Max Drawdown (3Y)Largest decline over 3 years | -75.93% | -35.91% | -40.02% |
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 | -79.04% | -35.90% | -43.14% |
Average DrawdownAverage peak-to-trough decline | -56.80% | -47.28% | -9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.24% | 15.46% | +13.78% |
Volatility
LAB vs. RING - Volatility Comparison
Standard Biotools Inc (LAB) has a higher volatility of 20.50% compared to iShares MSCI Global Gold Miners ETF (RING) at 14.58%. 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 | 20.50% | 14.58% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 54.60% | 39.61% | +14.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.88% | 48.36% | +19.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.12% | 37.11% | +45.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.12% | 36.71% | +45.41% |
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 1.43%.
| 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 | 1.43% | 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 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAB has higher volatility (20.50%) compared to RING (14.58%). In terms of maximum drawdown, LAB dropped -81.87% vs RING's -79.47%.
RING currently has the higher Sharpe Ratio (0.94 vs -0.53), 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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