NEXA vs. RING
NEXA (Nexa Resources S.A.) 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 5 years, NEXA returned 11.67%/yr vs 21.96%/yr for RING. At a 0.30 correlation, their price movements are largely independent.
Performance
NEXA vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, NEXA achieves a 57.63% return, which is significantly higher than RING's -4.18% return.
NEXA
- 1D
- -2.04%
- 1M
- -3.59%
- YTD
- 57.63%
- 6M
- 58.52%
- 1Y
- 199.36%
- 3Y*
- 43.10%
- 5Y*
- 11.67%
- 10Y*
- —
RING
- 1D
- -1.85%
- 1M
- -4.93%
- YTD
- -4.18%
- 6M
- -8.91%
- 1Y
- 61.98%
- 3Y*
- 47.05%
- 5Y*
- 21.96%
- 10Y*
- 13.45%
NEXA vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXA Nexa Resources S.A. | 57.63% | 2.67% | 23.25% | 22.07% | -20.07% | -16.38% | 28.63% | -28.32% | -37.43% | 18.85% |
RING iShares MSCI Global Gold Miners ETF | -4.18% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | 24.98% | 49.92% | -13.14% | 5.90% |
Correlation
The correlation between NEXA and RING is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.30 |
The correlation between NEXA and RING shifts across timeframes, from 0.30 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NEXA vs. RING — Risk / Return Rank
NEXA
RING
NEXA vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexa Resources S.A. (NEXA) 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.
| NEXA | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 1.74 | +3.63 |
| Martin ratioReturn relative to average drawdown | 16.73 | 4.69 | +12.03 |
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Drawdowns
NEXA vs. RING - Drawdown Comparison
The maximum NEXA drawdown since its inception was -85.01%, which is greater than RING's maximum drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for NEXA and RING.
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Drawdown Indicators
| NEXA | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.01% | -79.47% | -5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -37.31% | -35.72% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -47.02% | -35.72% | -11.30% |
Max Drawdown (5Y)Largest decline over 5 years | -62.86% | -47.94% | -14.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.04% | — |
Current DrawdownCurrent decline from peak | -16.57% | -29.02% | +12.45% |
Average DrawdownAverage peak-to-trough decline | -51.26% | -47.34% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 13.25% | -1.28% |
Volatility
NEXA vs. RING - Volatility Comparison
Nexa Resources S.A. (NEXA) has a higher volatility of 22.41% compared to iShares MSCI Global Gold Miners ETF (RING) at 16.66%. This indicates that NEXA'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
| NEXA | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.41% | 16.66% | +5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 59.30% | 39.68% | +19.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.72% | 47.90% | +17.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.61% | 36.89% | +20.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.89% | 36.74% | +23.15% |
Dividends
NEXA vs. RING - Dividend Comparison
NEXA has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 1.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEXA Nexa Resources S.A. | 0.00% | 1.14% | 0.00% | 2.64% | 6.26% | 3.36% | 3.92% | 6.46% | 5.04% | 0.00% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 1.29% | 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
NEXA and RING have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXA has higher volatility (22.41%) compared to RING (16.66%). In terms of maximum drawdown, NEXA dropped -85.01% vs RING's -79.47%.
NEXA currently has the higher Sharpe Ratio (3.06 vs 1.30), 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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