PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RING vs. AVDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RING vs. AVDV

Last updated Jun 13, 2026

RING (iShares MSCI Global Gold Miners ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - RING is a Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. RING is passively managed, while AVDV is actively managed. Over the past 5 years, RING returned 18.76%/yr vs 13.63%/yr for AVDV. At a 0.44 correlation, their price movements are largely independent. RING charges 0.39%/yr vs 0.36%/yr for AVDV.

Performance

RING vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Gold Miners ETF (RING) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, RING achieves a -5.54% return, which is significantly lower than AVDV's 14.99% return.

RING

1D
3.20%
1M
-14.81%
YTD
-5.54%
6M
-4.18%
1Y
54.08%
3Y*
44.87%
5Y*
18.76%
10Y*
13.85%

AVDV

1D
0.89%
1M
-1.99%
YTD
14.99%
6M
17.18%
1Y
41.91%
3Y*
26.72%
5Y*
13.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RING vs. AVDV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
RING
iShares MSCI Global Gold Miners ETF		-5.54%164.72%15.98%12.29%-15.40%-7.46%24.98%4.58%
AVDV
Avantis International Small Cap Value ETF		14.99%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%

Correlation

The correlation between RING and AVDV is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.44

The correlation between RING and AVDV shifts across timeframes, from 0.44 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

RING vs. AVDV - Sectors Allocation Comparison

Sectors
RING
AVDV

Basic Materials

100.0%
22.5%

Communication Services

-

2.0%

Consumer Cyclical

-

14.4%

Consumer Defensive

-

3.4%

Energy

-

10.8%

Financial Services

-

13.7%

Healthcare

-

2.1%

Industrials

-

21.3%

Real Estate

-

1.1%

Technology

-

6.4%

Utilities

-

1.7%

Basic Materials

RING
100.0%
AVDV
22.5%

Communication Services

RING

-

AVDV
2.0%

Consumer Cyclical

RING

-

AVDV
14.4%

Consumer Defensive

RING

-

AVDV
3.4%

Energy

RING

-

AVDV
10.8%

Financial Services

RING

-

AVDV
13.7%

Healthcare

RING

-

AVDV
2.1%

Industrials

RING

-

AVDV
21.3%

Real Estate

RING

-

AVDV
1.1%

Technology

RING

-

AVDV
6.4%

Utilities

RING

-

AVDV
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Global Gold Miners ETF

Avantis International Small Cap Value ETF

Often compared with RING:
RING vs. GDXRING vs. GLDRING vs. SLVPRING vs. AUMIRING vs. GOLDRING vs. FGDLRING vs. SPY
Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV

Return for Risk

RING vs. AVDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RING
RING Risk / Return Rank: 3636
Overall Rank
RING Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RING Sortino Ratio Rank: 3434
Sortino Ratio Rank
RING Omega Ratio Rank: 3939
Omega Ratio Rank
RING Calmar Ratio Rank: 3636
Calmar Ratio Rank
RING Martin Ratio Rank: 3333
Martin Ratio Rank
AVDV
AVDV Risk / Return Rank: 8181
Overall Rank
AVDV Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8686
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7171
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7676
Martin Ratio Rank
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.

RING vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Avantis International Small Cap Value ETF (AVDV). 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.

RINGAVDVDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.53

-1.33

Sortino ratioReturn per unit of downside risk
1.62
3.36

-1.74

Omega ratioGain probability vs. loss probability

1.23

1.46

-0.23

Calmar ratioReturn relative to maximum drawdown

1.59

3.12

-1.53

Martin ratioReturn relative to average drawdown

4.45

12.44

-7.99

RING vs. AVDV - Sharpe Ratio Comparison

The current RING Sharpe Ratio is 1.20, which is lower than the AVDV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of RING and AVDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

RING vs. AVDV - Drawdown Comparison

The maximum RING drawdown since its inception was -79.47%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for RING and AVDV.

Loading charts...

Drawdown Indicators

RINGAVDVDifference

Max Drawdown

Largest peak-to-trough decline

-79.47%

-43.01%

-36.46%

Max Drawdown (1Y)

Largest decline over 1 year

-35.72%

-13.19%

-22.53%

Max Drawdown (3Y)

Largest decline over 3 years

-35.72%

-14.17%

-21.55%

Max Drawdown (5Y)

Largest decline over 5 years

-47.94%

-28.08%

-19.86%

Max Drawdown (10Y)

Largest decline over 10 years

-52.04%

—

—

Current Drawdown

Current decline from peak

-30.03%

-2.24%

-27.79%

Average Drawdown

Average peak-to-trough decline

-47.36%

-6.76%

-40.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.74%

3.30%

+9.44%

Volatility

RING vs. AVDV - Volatility Comparison

iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 16.83% compared to Avantis International Small Cap Value ETF (AVDV) at 6.26%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

RINGAVDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.83%

6.26%

+10.57%

Volatility (6M)

Calculated over the trailing 6-month period

39.11%

13.88%

+25.23%

Volatility (1Y)

Calculated over the trailing 1-year period

47.31%

16.25%

+31.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.81%

17.41%

+19.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.70%

19.77%

+16.93%

RING vs. AVDV - Expense Ratio Comparison

RING has a 0.39% expense ratio, which is higher than AVDV's 0.36% expense ratio.

Dividends

RING vs. AVDV - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 0.89%, less than AVDV's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.11%3.05%4.31%3.29%3.17%2.39%1.67%0.36%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

RING and AVDV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RING has higher volatility (16.83%) compared to AVDV (6.26%). In terms of maximum drawdown, RING dropped -79.47% vs AVDV's -43.01%.

On 5-year performance, RING leads with 18.76% vs 13.63% for AVDV. On fees, AVDV is cheaper at 0.36% per year. On volatility, AVDV has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, RING has performed better with a 18.76% return vs 13.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.39% for RING.

AVDV has the higher dividend yield at 4.11%, compared with 0.89% for RING.

RING is categorized as Gold, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.39% for RING and 0.36% for AVDV.

AVDV currently has the higher Sharpe Ratio (2.53 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.

Portfolio Optimizer

Find the right allocation for RING and AVDV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer