RING vs. GDXJ

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Global Gold Miners ETF (RING) and VanEck Vectors Junior Gold Miners ETF (GDXJ).

RING and GDXJ 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. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. Both RING and GDXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

RING vs. GDXJ - Performance Comparison

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

RING vs. GDXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RING iShares MSCI Global Gold Miners ETF	12.19%	164.72%	15.98%	12.29%	-15.40%	-7.46%	24.98%	49.92%	-13.14%	10.24%
GDXJ VanEck Vectors Junior Gold Miners ETF	10.08%	172.28%	15.67%	7.12%	-14.53%	-21.25%	30.40%	40.44%	-11.02%	8.22%

Returns By Period

In the year-to-date period, RING achieves a 12.19% return, which is significantly higher than GDXJ's 10.08% return. Both investments have delivered pretty close results over the past 10 years, with RING having a 18.50% annualized return and GDXJ not far behind at 17.88%.

RING

• 1D: 4.61%
• 1M: -16.59%
• YTD: 12.19%
• 6M: 26.66%
• 1Y: 117.81%
• 3Y*: 50.83%
• 5Y*: 26.12%
• 10Y*: 18.50%

GDXJ

• 1D: 4.34%
• 1M: -19.21%
• YTD: 10.08%
• 6M: 28.26%
• 1Y: 125.16%
• 3Y*: 49.66%
• 5Y*: 23.75%
• 10Y*: 17.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RING vs. GDXJ - Expense Ratio Comparison

RING has a 0.39% expense ratio, which is lower than GDXJ's 0.54% expense ratio.

GDXJ

VanEck Vectors Junior Gold Miners ETF

RING

iShares MSCI Global Gold Miners ETF

Return for Risk

RING vs. GDXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RING

RING Risk / Return Rank: 93
RING Sharpe Ratio Rank: 96
RING Sortino Ratio Rank: 91
RING Omega Ratio Rank: 90
RING Calmar Ratio Rank: 94
RING Martin Ratio Rank: 93

GDXJ

GDXJ Risk / Return Rank: 92
GDXJ Sharpe Ratio Rank: 95
GDXJ Sortino Ratio Rank: 90
GDXJ Omega Ratio Rank: 89
GDXJ Calmar Ratio Rank: 94
GDXJ Martin Ratio Rank: 92

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. GDXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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	GDXJ	Difference
Sharpe ratio Return per unit of total volatility	2.53	2.47	+0.06
Sortino ratio Return per unit of downside risk	2.66	2.63	+0.03
Omega ratio Gain probability vs. loss probability	1.39	1.38	+0.02
Calmar ratio Return relative to maximum drawdown	3.91	3.77	+0.14
Martin ratio Return relative to average drawdown	13.93	13.05	+0.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RING vs. GDXJ - Sharpe Ratio Comparison

The current RING Sharpe Ratio is 2.53, which is comparable to the GDXJ Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of RING and GDXJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RING	GDXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.47	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.59	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.40	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.08	+0.05

Correlation

The correlation between RING and GDXJ is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RING vs. GDXJ - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 0.75%, less than GDXJ's 2.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RING iShares MSCI Global Gold Miners ETF	0.75%	0.84%	1.43%	2.01%	2.29%	2.38%	0.83%	0.83%	0.70%	0.42%	1.41%	0.96%
GDXJ VanEck Vectors Junior Gold Miners ETF	2.12%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%

Drawdowns

RING vs. GDXJ - Drawdown Comparison

The maximum RING drawdown since its inception was -79.47%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for RING and GDXJ.

Drawdown Indicators

	RING	GDXJ	Difference
Max Drawdown Largest peak-to-trough decline	-79.47%	-88.66%	+9.19%
Max Drawdown (1Y) Largest decline over 1 year	-30.11%	-32.92%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-47.94%	-51.76%	+3.82%
Max Drawdown (10Y) Largest decline over 10 years	-52.04%	-57.77%	+5.73%
Current Drawdown Current decline from peak	-16.90%	-19.81%	+2.91%
Average Drawdown Average peak-to-trough decline	-47.74%	-60.90%	+13.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.45%	9.51%	-1.06%

Volatility

RING vs. GDXJ - Volatility Comparison

The current volatility for iShares MSCI Global Gold Miners ETF (RING) is 16.89%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 19.46%. This indicates that RING experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RING	GDXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.89%	19.46%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	38.80%	42.52%	-3.72%
Volatility (1Y) Calculated over the trailing 1-year period	46.82%	50.91%	-4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.87%	40.57%	-4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.87%	44.46%	-7.59%