RING vs. EART
RING (iShares MSCI Global Gold Miners ETF) and EART (Global X Rare Earth & Critical Materials ETF) are both exchange-traded funds - RING is a Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while EART is a Rare Earth & Strategic Metals fund tracking the Solactive Rare Earth & Critical Materials Index. Both are passively managed. Over the past 3 years, RING returned 45.68%/yr vs 19.09%/yr for EART. A 0.55 correlation means they provide meaningful diversification when combined. RING charges 0.39%/yr vs 0.59%/yr for EART.
Performance
RING vs. EART - Performance Comparison
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Returns By Period
In the year-to-date period, RING achieves a -2.37% return, which is significantly lower than EART's 14.20% return.
RING
- 1D
- -2.37%
- 1M
- -4.01%
- YTD
- -2.37%
- 6M
- -3.81%
- 1Y
- 65.03%
- 3Y*
- 45.68%
- 5Y*
- 22.42%
- 10Y*
- 14.14%
EART
- 1D
- -0.65%
- 1M
- -0.13%
- YTD
- 14.20%
- 6M
- 18.97%
- 1Y
- 105.04%
- 3Y*
- 19.09%
- 5Y*
- —
- 10Y*
- —
RING vs. EART - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | -2.37% | 164.72% | 15.98% | 12.29% | -14.70% |
EART Global X Rare Earth & Critical Materials ETF | 14.20% | 98.48% | -7.19% | -19.75% | -17.92% |
Correlation
The correlation between RING and EART is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.55 |
The correlation between RING and EART has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
RING vs. EART — Risk / Return Rank
RING
EART
RING vs. EART - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Global X Rare Earth & Critical Materials ETF (EART). 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.
| RING | EART | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.91 | -2.15 |
| Martin ratioReturn relative to average drawdown | 4.79 | 11.46 | -6.67 |
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Drawdowns
RING vs. EART - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, which is greater than EART's maximum drawdown of -53.68%. Use the drawdown chart below to compare losses from any high point for RING and EART.
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Drawdown Indicators
| RING | EART | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.47% | -53.68% | -25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -35.72% | -26.03% | -9.69% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -37.20% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | — | — |
Current DrawdownCurrent decline from peak | -27.69% | -13.50% | -14.19% |
Average DrawdownAverage peak-to-trough decline | -47.34% | -29.01% | -18.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.12% | 8.87% | +4.25% |
Volatility
RING vs. EART - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 16.90% compared to Global X Rare Earth & Critical Materials ETF (EART) at 12.52%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than EART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RING | EART | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.90% | 12.52% | +4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 39.65% | 33.07% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.79% | 39.18% | +8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.87% | 34.20% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.74% | 34.20% | +2.54% |
RING vs. EART - Expense Ratio Comparison
RING has a 0.39% expense ratio, which is lower than EART's 0.59% expense ratio.
Dividends
RING vs. EART - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 1.27%, more than EART's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EART Global X Rare Earth & Critical Materials ETF | 0.57% | 0.65% | 1.06% | 1.83% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 1.27% | 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 EART have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING has higher volatility (16.90%) compared to EART (12.52%). In terms of maximum drawdown, RING dropped -79.47% vs EART's -53.68%.
On 3-year performance, RING leads with 45.68% vs 19.09% for EART. On fees, RING is cheaper at 0.39% per year. On volatility, EART has been the lower-risk option at 12.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RING has performed better with a 45.68% return vs 19.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RING is cheaper with a 0.39% expense ratio, compared with 0.59% for EART.
RING has the higher dividend yield at 1.27%, compared with 0.57% for EART.
RING is categorized as Gold, while EART is Rare Earth & Strategic Metals. RING tracks MSCI ACWI Select Gold Miners Investable Market Index, while EART tracks Solactive Rare Earth & Critical Materials Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.39% for RING and 0.59% for EART.
EART currently has the higher Sharpe Ratio (2.60 vs 1.32), 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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