RING vs. ETON
RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while ETON (Eton Pharmaceuticals Inc) is a stock. Over the past 5 years, RING returned 18.76%/yr vs 36.00%/yr for ETON. At a 0.07 correlation, their price movements are largely independent.
Performance
RING vs. ETON - Performance Comparison
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Returns By Period
In the year-to-date period, RING achieves a -5.54% return, which is significantly lower than ETON's 86.81% return.
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%
ETON
- 1D
- -1.62%
- 1M
- 2.50%
- YTD
- 86.81%
- 6M
- 89.16%
- 1Y
- 117.71%
- 3Y*
- 102.22%
- 5Y*
- 36.00%
- 10Y*
- —
RING vs. ETON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | -5.54% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | 24.98% | 49.92% | 13.18% |
ETON Eton Pharmaceuticals Inc | 86.81% | 26.95% | 204.11% | 55.32% | -34.27% | -47.23% | 12.92% | 17.65% | -4.23% |
Correlation
The correlation between RING and ETON is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018 | 0.07 |
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Return for Risk
RING vs. ETON — Risk / Return Rank
RING
ETON
RING vs. ETON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Eton Pharmaceuticals Inc (ETON). 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 | ETON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.27 | -1.68 |
| Martin ratioReturn relative to average drawdown | 4.45 | 6.73 | -2.28 |
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Drawdowns
RING vs. ETON - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, roughly equal to the maximum ETON drawdown of -79.94%. Use the drawdown chart below to compare losses from any high point for RING and ETON.
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Drawdown Indicators
| RING | ETON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.47% | -79.94% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -35.72% | -36.17% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -45.65% | +9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | -70.42% | +22.48% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | — | — |
Current DrawdownCurrent decline from peak | -30.03% | -9.74% | -20.29% |
Average DrawdownAverage peak-to-trough decline | -47.36% | -37.58% | -9.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.74% | 17.56% | -4.82% |
Volatility
RING vs. ETON - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) and Eton Pharmaceuticals Inc (ETON) have volatilities of 16.83% and 17.63%, 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.
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Volatility by Period
| RING | ETON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.83% | 17.63% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 39.11% | 40.49% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.31% | 54.85% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.81% | 63.41% | -26.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.70% | 63.87% | -27.17% |
Dividends
RING vs. ETON - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 0.89%, while ETON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETON Eton Pharmaceuticals 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
RING and ETON have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETON has higher volatility (17.63%) compared to RING (16.83%). In terms of maximum drawdown, RING dropped -79.47% vs ETON's -79.94%.
ETON currently has the higher Sharpe Ratio (2.16 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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