RING vs. GCC
Compare and contrast key facts about iShares MSCI Global Gold Miners ETF (RING) and WisdomTree Enhanced Commodity Strategy Fund (GCC).
RING and GCC 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. GCC is an actively managed fund by WisdomTree. It was launched on Jan 24, 2008.
Performance
RING vs. GCC - Performance Comparison
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RING vs. GCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 7.25% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | 24.98% | 49.92% | -13.14% | 10.24% |
GCC WisdomTree Enhanced Commodity Strategy Fund | 13.19% | 20.01% | 15.13% | -3.72% | 7.74% | 19.96% | 1.38% | 7.07% | -8.69% | -0.57% |
Returns By Period
In the year-to-date period, RING achieves a 7.25% return, which is significantly lower than GCC's 13.19% return. Over the past 10 years, RING has outperformed GCC with an annualized return of 17.97%, while GCC has yielded a comparatively lower 7.15% annualized return.
RING
- 1D
- 6.67%
- 1M
- -20.56%
- YTD
- 7.25%
- 6M
- 22.69%
- 1Y
- 108.05%
- 3Y*
- 48.58%
- 5Y*
- 24.99%
- 10Y*
- 17.97%
GCC
- 1D
- 0.42%
- 1M
- 2.70%
- YTD
- 13.19%
- 6M
- 19.55%
- 1Y
- 30.43%
- 3Y*
- 15.36%
- 5Y*
- 12.83%
- 10Y*
- 7.15%
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RING vs. GCC - Expense Ratio Comparison
RING has a 0.39% expense ratio, which is lower than GCC's 0.55% expense ratio.
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.
| RING | GCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 1.72 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.52 | 2.12 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.98 | +0.65 |
Martin ratioReturn relative to average drawdown | 13.06 | 10.06 | +3.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RING | GCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.72 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.76 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.49 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.07 | +0.05 |
Correlation
The correlation between RING and GCC is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RING vs. GCC - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 0.78%, less than GCC's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 0.78% | 0.84% | 1.43% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% |
GCC WisdomTree Enhanced Commodity Strategy Fund | 5.86% | 6.64% | 3.51% | 3.68% | 22.49% | 9.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 | -30.11% | -10.42% | -19.69% |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | -27.07% | -20.87% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -32.93% | -19.11% |
Current DrawdownCurrent decline from peak | -20.56% | -2.33% | -18.23% |
Average DrawdownAverage peak-to-trough decline | -47.75% | -35.23% | -12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 3.09% | +5.29% |
Volatility
RING vs. GCC - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 18.16% compared to WisdomTree Enhanced Commodity Strategy Fund (GCC) at 5.30%. 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 | 18.16% | 5.30% | +12.86% |
Volatility (6M)Calculated over the trailing 6-month period | 38.56% | 14.91% | +23.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.62% | 17.83% | +28.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 16.98% | +18.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.85% | 14.76% | +22.09% |