REAL vs. RING

Last updated Jun 13, 2026

REAL (The RealReal, 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 5 years, REAL returned -12.76%/yr vs 18.76%/yr for RING. At a 0.15 correlation, their price movements are largely independent.

Performance

REAL vs. RING - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The RealReal, Inc. (REAL) 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, REAL achieves a -34.85% return, which is significantly lower than RING's -5.54% return.

REAL

• 1D: 4.47%
• 1M: 9.25%
• YTD: -34.85%
• 6M: -28.31%
• 1Y: 92.87%
• 3Y*: 81.13%
• 5Y*: -12.76%
• 10Y*: —

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%

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

REAL vs. RING - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
REAL The RealReal, Inc.	-34.85%	44.37%	443.78%	60.80%	-89.23%	-40.58%	3.66%	-32.68%
RING iShares MSCI Global Gold Miners ETF	-5.54%	164.72%	15.98%	12.29%	-15.40%	-7.46%	24.98%	19.38%

Correlation

The correlation between REAL and RING is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019	0.15

Return for Risk

REAL vs. RING — Risk / Return Rank

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

REAL

REAL Risk / Return Rank: 76
REAL Sharpe Ratio Rank: 78
REAL Sortino Ratio Rank: 81
REAL Omega Ratio Rank: 76
REAL Calmar Ratio Rank: 74
REAL Martin Ratio Rank: 73

RING

RING Risk / Return Rank: 36
RING Sharpe Ratio Rank: 38
RING Sortino Ratio Rank: 34
RING Omega Ratio Rank: 39
RING Calmar Ratio Rank: 36
RING Martin Ratio Rank: 33

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.

REAL vs. RING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The RealReal, Inc. (REAL) 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.

	REAL	RING	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.20	0.00
Sortino ratio: Return per unit of downside risk	2.22	1.62	+0.60
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	1.80	1.59	+0.21
Martin ratio: Return relative to average drawdown	3.95	4.45	-0.51

REAL vs. RING - Sharpe Ratio Comparison

The current REAL Sharpe Ratio is 1.21, which is comparable to the RING Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of REAL 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.

Drawdowns

REAL vs. RING - Drawdown Comparison

The maximum REAL drawdown since its inception was -96.44%, which is greater than RING's maximum drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for REAL and RING.

Drawdown Indicators

	REAL	RING	Difference
Max Drawdown Largest peak-to-trough decline	-96.44%	-79.47%	-16.97%
Max Drawdown (1Y) Largest decline over 1 year	-51.95%	-35.72%	-16.23%
Max Drawdown (3Y) Largest decline over 3 years	-57.16%	-35.72%	-21.44%
Max Drawdown (5Y) Largest decline over 5 years	-95.42%	-47.94%	-47.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.04%	—
Current Drawdown Current decline from peak	-64.43%	-30.03%	-34.40%
Average Drawdown Average peak-to-trough decline	-67.33%	-47.36%	-19.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.62%	12.74%	+10.88%

Volatility

REAL vs. RING - Volatility Comparison

The RealReal, Inc. (REAL) and iShares MSCI Global Gold Miners ETF (RING) have volatilities of 17.24% and 16.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REAL	RING	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.24%	16.83%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	48.58%	39.11%	+9.47%
Volatility (1Y) Calculated over the trailing 1-year period	77.43%	47.31%	+30.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.37%	36.81%	+60.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.85%	36.70%	+57.15%

Dividends

REAL vs. RING - Dividend Comparison

REAL has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 0.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REAL The RealReal, 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	0.89%	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

Can I hold both REAL and RING in my portfolio?

REAL and RING have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REAL or RING?

REAL has higher volatility (17.24%) compared to RING (16.83%). In terms of maximum drawdown, REAL dropped -96.44% vs RING's -79.47%.

Which has better risk-adjusted returns?

REAL currently has the higher Sharpe Ratio (1.21 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.