RING vs. DBP
Compare and contrast key facts about iShares MSCI Global Gold Miners ETF (RING) and Invesco DB Precious Metals Fund (DBP).
RING and DBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RING is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index. It was launched on Jan 31, 2012. DBP is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Precious Metals Index Excess Return. It was launched on Jan 5, 2007. Both RING and DBP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RING or DBP.
Correlation
The correlation between RING and DBP is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RING vs. DBP - Performance Comparison
Key characteristics
RING:
1.96
DBP:
2.47
RING:
2.50
DBP:
3.19
RING:
1.31
DBP:
1.42
RING:
1.14
DBP:
1.82
RING:
6.81
DBP:
12.65
RING:
9.10%
DBP:
3.46%
RING:
31.65%
DBP:
17.76%
RING:
-79.48%
DBP:
-53.89%
RING:
-22.86%
DBP:
-0.46%
Returns By Period
In the year-to-date period, RING achieves a 20.95% return, which is significantly higher than DBP's 11.05% return. Over the past 10 years, RING has outperformed DBP with an annualized return of 8.76%, while DBP has yielded a comparatively lower 7.39% annualized return.
RING
20.95%
8.94%
4.51%
67.14%
7.77%
8.76%
DBP
11.05%
5.72%
15.22%
43.94%
10.68%
7.39%
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RING vs. DBP - Expense Ratio Comparison
RING has a 0.39% expense ratio, which is lower than DBP's 0.78% expense ratio.
Risk-Adjusted Performance
RING vs. DBP — Risk-Adjusted Performance Rank
RING
DBP
RING vs. DBP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Invesco DB Precious Metals Fund (DBP). 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.
Dividends
RING vs. DBP - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 1.18%, less than DBP's 3.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 1.18% | 1.43% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% |
DBP Invesco DB Precious Metals Fund | 3.80% | 4.22% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% | 0.00% | 0.00% | 0.00% |
Drawdowns
RING vs. DBP - Drawdown Comparison
The maximum RING drawdown since its inception was -79.48%, which is greater than DBP's maximum drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for RING and DBP. For additional features, visit the drawdowns tool.
Volatility
RING vs. DBP - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 8.80% compared to Invesco DB Precious Metals Fund (DBP) at 4.55%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than DBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.