MPWR vs. RING
MPWR (Monolithic Power Systems, 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 10 years, MPWR returned 37.94%/yr vs 13.85%/yr for RING. At a 0.13 correlation, their price movements are largely independent.
Performance
MPWR vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, MPWR achieves a 74.38% return, which is significantly higher than RING's -5.54% return. Over the past 10 years, MPWR has outperformed RING with an annualized return of 37.94%, while RING has yielded a comparatively lower 13.85% annualized return.
MPWR
- 1D
- -0.77%
- 1M
- -4.43%
- YTD
- 74.38%
- 6M
- 67.26%
- 1Y
- 121.18%
- 3Y*
- 44.43%
- 5Y*
- 36.35%
- 10Y*
- 37.94%
RING
- 1D
- 3.20%
- 1M
- -16.79%
- YTD
- -5.54%
- 6M
- -4.18%
- 1Y
- 56.55%
- 3Y*
- 44.87%
- 5Y*
- 18.76%
- 10Y*
- 13.85%
MPWR vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 74.38% | 54.45% | -5.55% | 79.78% | -27.78% | 35.49% | 107.49% | 54.80% | 4.49% | 38.23% |
RING iShares MSCI Global Gold Miners ETF | -5.54% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | 24.98% | 49.92% | -13.14% | 10.24% |
Correlation
The correlation between MPWR and RING is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.13 |
The correlation between MPWR and RING shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPWR vs. RING — Risk / Return Rank
MPWR
RING
MPWR vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monolithic Power Systems, Inc. (MPWR) 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.
| MPWR | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | 1.59 | +3.84 |
| Martin ratioReturn relative to average drawdown | 14.45 | 4.45 | +10.00 |
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Drawdowns
MPWR vs. RING - Drawdown Comparison
The maximum MPWR drawdown since its inception was -72.27%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for MPWR and RING.
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Drawdown Indicators
| MPWR | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.27% | -79.47% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -35.72% | +13.27% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -35.72% | -15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -51.65% | -47.94% | -3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -51.65% | -52.04% | +0.39% |
Current DrawdownCurrent decline from peak | -6.66% | -30.03% | +23.37% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -47.36% | +29.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 12.74% | -4.30% |
Volatility
MPWR vs. RING - Volatility Comparison
Monolithic Power Systems, Inc. (MPWR) has a higher volatility of 20.33% compared to iShares MSCI Global Gold Miners ETF (RING) at 16.83%. This indicates that MPWR'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
| MPWR | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.33% | 16.83% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 37.42% | 39.11% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.53% | 47.31% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.53% | 36.81% | +16.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.23% | 36.70% | +10.53% |
Dividends
MPWR vs. RING - Dividend Comparison
MPWR's dividend yield for the trailing twelve months is around 0.42%, less than RING's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 0.42% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
RING iShares MSCI Global Gold Miners ETF | 0.89% | 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
MPWR and RING have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPWR has higher volatility (20.33%) compared to RING (16.83%). In terms of maximum drawdown, MPWR dropped -72.27% vs RING's -79.47%.
MPWR currently has the higher Sharpe Ratio (2.51 vs 1.20), 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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