RING vs. GCC
RING (iShares MSCI Global Gold Miners ETF) and GCC (WisdomTree Enhanced Commodity Strategy Fund) are both exchange-traded funds - RING is a Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while GCC is a Commodities fund actively managed by WisdomTree. RING is passively managed, while GCC is actively managed. Over the past 10 years, RING returned 12.92%/yr vs 5.86%/yr for GCC. At a 0.41 correlation, their price movements are largely independent. RING charges 0.39%/yr vs 0.55%/yr for GCC.
Performance
RING vs. GCC - Performance Comparison
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Returns By Period
In the year-to-date period, RING achieves a -8.53% return, which is significantly lower than GCC's 8.13% return. Over the past 10 years, RING has outperformed GCC with an annualized return of 12.92%, while GCC has yielded a comparatively lower 5.86% annualized return.
RING
- 1D
- -4.54%
- 1M
- -9.24%
- YTD
- -8.53%
- 6M
- -13.08%
- 1Y
- 52.30%
- 3Y*
- 44.79%
- 5Y*
- 20.81%
- 10Y*
- 12.92%
GCC
- 1D
- -1.29%
- 1M
- -9.68%
- YTD
- 8.13%
- 6M
- 6.82%
- 1Y
- 21.66%
- 3Y*
- 14.89%
- 5Y*
- 10.21%
- 10Y*
- 5.86%
RING vs. GCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | -8.53% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | 24.98% | 49.92% | -13.14% | 10.24% |
GCC WisdomTree Enhanced Commodity Strategy Fund | 8.13% | 20.01% | 15.13% | -3.72% | 7.74% | 19.96% | 1.38% | 7.07% | -8.69% | -0.57% |
Correlation
The correlation between RING and GCC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.41 |
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Return for Risk
RING vs. GCC — Risk / Return Rank
RING
GCC
RING vs. GCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and WisdomTree Enhanced Commodity Strategy Fund (GCC). 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 | GCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.59 | -0.12 |
| Martin ratioReturn relative to average drawdown | 3.91 | 5.99 | -2.07 |
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Drawdowns
RING vs. GCC - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, which is greater than GCC's maximum drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for RING and GCC.
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Drawdown Indicators
| RING | GCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.47% | -63.19% | -16.28% |
Max Drawdown (1Y)Largest decline over 1 year | -35.72% | -13.67% | -22.05% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -13.67% | -22.05% |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | -27.07% | -20.87% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -32.67% | -19.37% |
Current DrawdownCurrent decline from peak | -32.25% | -13.67% | -18.58% |
Average DrawdownAverage peak-to-trough decline | -47.33% | -34.83% | -12.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 3.63% | +9.77% |
Volatility
RING vs. GCC - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 17.22% compared to WisdomTree Enhanced Commodity Strategy Fund (GCC) at 4.06%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than GCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RING | GCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.22% | 4.06% | +13.16% |
Volatility (6M)Calculated over the trailing 6-month period | 39.95% | 15.27% | +24.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.04% | 17.10% | +30.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.94% | 16.93% | +20.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.73% | 14.79% | +21.94% |
RING vs. GCC - Expense Ratio Comparison
RING has a 0.39% expense ratio, which is lower than GCC's 0.55% expense ratio.
Dividends
RING vs. GCC - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 1.35%, less than GCC's 6.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCC WisdomTree Enhanced Commodity Strategy Fund | 6.14% | 6.64% | 3.51% | 3.68% | 22.49% | 9.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 1.35% | 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 GCC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING has higher volatility (17.22%) compared to GCC (4.06%). In terms of maximum drawdown, RING dropped -79.47% vs GCC's -63.19%.
On 10-year performance, RING leads with 12.92% vs 5.86% for GCC. On fees, RING is cheaper at 0.39% per year. On volatility, GCC has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RING has performed better with a 12.92% return vs 5.86%. 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 0.55% for GCC.
GCC has the higher dividend yield at 6.14%, compared with 1.35% for RING.
RING is categorized as Gold, while GCC is Commodities. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.39% for RING and 0.55% for GCC.
GCC currently has the higher Sharpe Ratio (1.27 vs 1.09), 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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