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RING vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RING and GLD is 0.77, 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.


-0.50.00.51.00.8

Performance

RING vs. GLD - Performance Comparison

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

-40.00%-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
-34.01%
41.54%
RING
GLD

Key characteristics

Sharpe Ratio

RING:

0.58

GLD:

1.91

Sortino Ratio

RING:

0.97

GLD:

2.53

Omega Ratio

RING:

1.12

GLD:

1.33

Calmar Ratio

RING:

0.34

GLD:

3.54

Martin Ratio

RING:

1.99

GLD:

10.08

Ulcer Index

RING:

9.30%

GLD:

2.85%

Daily Std Dev

RING:

32.08%

GLD:

15.01%

Max Drawdown

RING:

-79.48%

GLD:

-45.56%

Current Drawdown

RING:

-35.23%

GLD:

-5.98%

Returns By Period

In the year-to-date period, RING achieves a 17.79% return, which is significantly lower than GLD's 26.64% return. Over the past 10 years, RING has outperformed GLD with an annualized return of 8.93%, while GLD has yielded a comparatively lower 7.96% annualized return.


RING

YTD

17.79%

1M

-6.93%

6M

5.03%

1Y

16.75%

5Y*

7.06%

10Y*

8.93%

GLD

YTD

26.64%

1M

-1.03%

6M

12.72%

1Y

27.80%

5Y*

11.67%

10Y*

7.96%

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RING vs. GLD - Expense Ratio Comparison

RING has a 0.39% expense ratio, which is lower than GLD's 0.40% expense ratio.


GLD
SPDR Gold Trust
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for RING: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Risk-Adjusted Performance

RING vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and SPDR Gold Trust (GLD). 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.


Sharpe ratio
The chart of Sharpe ratio for RING, currently valued at 0.58, compared to the broader market0.002.004.000.581.91
The chart of Sortino ratio for RING, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.0010.000.972.53
The chart of Omega ratio for RING, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.33
The chart of Calmar ratio for RING, currently valued at 0.34, compared to the broader market0.005.0010.0015.000.343.54
The chart of Martin ratio for RING, currently valued at 1.99, compared to the broader market0.0020.0040.0060.0080.00100.001.9910.08
RING
GLD

The current RING Sharpe Ratio is 0.58, which is lower than the GLD Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of RING and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.58
1.91
RING
GLD

Dividends

RING vs. GLD - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 1.41%, while GLD has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
RING
iShares MSCI Global Gold Miners ETF
1.41%2.01%2.29%2.38%0.82%0.83%0.70%0.42%1.42%0.97%0.85%1.48%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

RING vs. GLD - Drawdown Comparison

The maximum RING drawdown since its inception was -79.48%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for RING and GLD. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-35.23%
-5.98%
RING
GLD

Volatility

RING vs. GLD - Volatility Comparison

iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 9.35% compared to SPDR Gold Trust (GLD) at 5.21%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
9.35%
5.21%
RING
GLD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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