RING vs. GOLD
Compare and contrast key facts about iShares MSCI Global Gold Miners ETF (RING) and Barrick Gold Corporation (GOLD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RING or GOLD.
Performance
RING vs. GOLD - Performance Comparison
Returns By Period
In the year-to-date period, RING achieves a 28.21% return, which is significantly higher than GOLD's 1.96% return. Over the past 10 years, RING has outperformed GOLD with an annualized return of 8.37%, while GOLD has yielded a comparatively lower 5.62% annualized return.
RING
28.21%
-14.13%
13.03%
40.15%
9.43%
8.37%
GOLD
1.96%
-14.49%
8.13%
14.23%
4.62%
5.62%
Key characteristics
| RING | GOLD | |
|---|---|---|
| Sharpe Ratio | 1.24 | 0.43 |
| Sortino Ratio | 1.77 | 0.81 |
| Omega Ratio | 1.22 | 1.10 |
| Calmar Ratio | 0.74 | 0.21 |
| Martin Ratio | 4.98 | 1.45 |
| Ulcer Index | 8.10% | 10.04% |
| Daily Std Dev | 32.44% | 33.86% |
| Max Drawdown | -79.47% | -88.52% |
| Current Drawdown | -29.51% | -58.66% |
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Correlation
The correlation between RING and GOLD is 0.89, 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.
Risk-Adjusted Performance
RING vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Barrick Gold Corporation (GOLD). 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.
Dividends
RING vs. GOLD - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 1.50%, less than GOLD's 2.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 1.50% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% | 1.48% |
GOLD Barrick Gold Corporation | 2.21% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.89% | 1.86% | 2.83% |
Drawdowns
RING vs. GOLD - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, smaller than the maximum GOLD drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for RING and GOLD. For additional features, visit the drawdowns tool.
Volatility
RING vs. GOLD - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 11.18% compared to Barrick Gold Corporation (GOLD) at 10.25%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.