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RING vs. ERIC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RING vs. ERIC

Last updated Jun 14, 2026

RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while ERIC (Telefonaktiebolaget LM Ericsson (publ)) is a stock. Over the past 10 years, RING returned 13.85%/yr vs 8.16%/yr for ERIC. At a 0.18 correlation, their price movements are largely independent.

Performance

RING vs. ERIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Gold Miners ETF (RING) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RING achieves a -5.54% return, which is significantly lower than ERIC's 29.07% return. Over the past 10 years, RING has outperformed ERIC with an annualized return of 13.85%, while ERIC has yielded a comparatively lower 8.16% annualized return.

RING

1D
3.20%
1M
-8.50%
YTD
-5.54%
6M
-4.18%
1Y
54.08%
3Y*
44.87%
5Y*
18.76%
10Y*
13.85%

ERIC

1D
1.15%
1M
-1.76%
YTD
29.07%
6M
30.15%
1Y
51.44%
3Y*
37.54%
5Y*
2.33%
10Y*
8.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RING vs. ERIC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RING
iShares MSCI Global Gold Miners ETF		-5.54%164.72%15.98%12.29%-15.40%-7.46%24.98%49.92%-13.14%10.24%
ERIC
Telefonaktiebolaget LM Ericsson (publ)		29.07%24.14%33.36%13.40%-44.43%-7.26%38.51%0.17%35.45%16.57%

Correlation

The correlation between RING and ERIC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.27

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

0.27

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2012

0.18

Compare stocks, funds, or ETFs

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iShares MSCI Global Gold Miners ETF

Telefonaktiebolaget LM Ericsson (publ)

Often compared with RING:
RING vs. GDXRING vs. GLDRING vs. SLVPRING vs. AUMIRING vs. GOLDRING vs. FGDLRING vs. SPY
Often compared with ERIC:
ERIC vs. NOKERIC vs. TSLAERIC vs. CIENERIC vs. BBVAERIC vs. INFYERIC vs. MNRERIC vs. VOO

Return for Risk

RING vs. ERIC — 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
ERIC
ERIC Risk / Return Rank: 8282
Overall Rank
ERIC Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
ERIC Sortino Ratio Rank: 8080
Sortino Ratio Rank
ERIC Omega Ratio Rank: 8282
Omega Ratio Rank
ERIC Calmar Ratio Rank: 8585
Calmar Ratio Rank
ERIC Martin Ratio Rank: 8484
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. ERIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). 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.

RINGERICDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.37

-0.16

Sortino ratioReturn per unit of downside risk
1.62
2.20

-0.58

Omega ratioGain probability vs. loss probability

1.23

1.30

-0.08

Calmar ratioReturn relative to maximum drawdown

1.59

3.14

-1.55

Martin ratioReturn relative to average drawdown

4.45

7.76

-3.30

RING vs. ERIC - Sharpe Ratio Comparison

The current RING Sharpe Ratio is 1.20, which is comparable to the ERIC Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of RING and ERIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RING vs. ERIC - Drawdown Comparison

The maximum RING drawdown since its inception was -79.47%, smaller than the maximum ERIC drawdown of -98.59%. Use the drawdown chart below to compare losses from any high point for RING and ERIC.

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Drawdown Indicators

RINGERICDifference

Max Drawdown

Largest peak-to-trough decline

-79.47%

-98.59%

+19.12%

Max Drawdown (1Y)

Largest decline over 1 year

-35.72%

-15.79%

-19.93%

Max Drawdown (3Y)

Largest decline over 3 years

-35.72%

-22.61%

-13.11%

Max Drawdown (5Y)

Largest decline over 5 years

-47.94%

-63.96%

+16.02%

Max Drawdown (10Y)

Largest decline over 10 years

-52.04%

-66.59%

+14.55%

Current Drawdown

Current decline from peak

-30.03%

-82.52%

+52.49%

Average Drawdown

Average peak-to-trough decline

-47.36%

-67.77%

+20.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.74%

6.38%

+6.36%

Volatility

RING vs. ERIC - Volatility Comparison

iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 16.83% compared to Telefonaktiebolaget LM Ericsson (publ) (ERIC) at 14.05%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than ERIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RINGERICDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.83%

14.05%

+2.78%

Volatility (6M)

Calculated over the trailing 6-month period

39.11%

24.72%

+14.39%

Volatility (1Y)

Calculated over the trailing 1-year period

47.31%

36.24%

+11.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.81%

34.63%

+2.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.70%

35.26%

+1.44%

Dividends

RING vs. ERIC - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 0.89%, less than ERIC's 2.55% yield.

PositionTTM20252024202320222021202020192018201720162015
ERIC
Telefonaktiebolaget LM Ericsson (publ)		2.55%3.04%3.22%4.07%4.22%2.15%1.36%1.24%1.42%1.67%5.14%5.30%
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 ERIC have a correlation of 0.24, 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 ERIC (14.05%). In terms of maximum drawdown, RING dropped -79.47% vs ERIC's -98.59%.

ERIC currently has the higher Sharpe Ratio (1.37 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.

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