RING vs. GOLD

Last updated Aug 2, 2026

RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while GOLD (Barrick Mining Corporation) is a stock. Their 0.58 correlation means they have sometimes moved together and sometimes differently.

Performance

RING vs. GOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, RING achieves a -12.74% return, which is significantly lower than GOLD's 22.50% return.

RING

• 1D: -3.07%
• 1M: -5.09%
• 6M: -20.44%
• YTD: -12.74%
• 1Y: 45.25%
• 3Y*: 41.73%
• 5Y*: 19.27%
• 10Y*: 10.69%
• ALL TIME*: 2.79%

GOLD

• 1D: -1.71%
• 1M: -5.98%
• 6M: -19.55%
• YTD: 22.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GOLD Barrick Mining Corporation	$13.90M	$15.32M	$19.34M
RING iShares MSCI Global Gold Miners ETF	$77.74M	$52.06M	$43.86M

RING vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
RING iShares MSCI Global Gold Miners ETF	-12.74%	4.70%
GOLD Barrick Mining Corporation	22.50%	13.01%

Correlation

The correlation between RING and GOLD is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.58

Return for Risk

RING vs. GOLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RING

RING Risk / Return Rank: 37
RING Sharpe Ratio Rank: 40
RING Sortino Ratio Rank: 38
RING Omega Ratio Rank: 41
RING Calmar Ratio Rank: 36
RING Martin Ratio Rank: 31

GOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RING vs. GOLD - Risk-Adjusted Trends Comparison

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

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	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.44	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.24	—	—
Martin ratio: Return relative to average drawdown	2.72	—	—

Drawdowns

RING vs. GOLD - Drawdown Comparison

The maximum RING drawdown since its inception was -79.47%, which is greater than GOLD's maximum drawdown of -40.93%. Use the drawdown chart below to compare losses from any high point for RING and GOLD.

Drawdown Indicators

	RING	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.47%	-40.93%	-38.54%
Max Drawdown (1Y) Largest decline over 1 year	-38.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-38.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.04%	—	—
Current Drawdown Current decline from peak	-35.37%	-34.97%	-0.40%
Average Drawdown Average peak-to-trough decline	-47.24%	-21.49%	-25.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.57%	—	—

Volatility

Volatility by Period

	RING	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	48.68%	55.58%	-6.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.26%	55.58%	-18.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.65%	55.58%	-18.93%

Dividends

RING vs. GOLD - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 1.42%, more than GOLD's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOLD Barrick Mining Corporation	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RING iShares MSCI Global Gold Miners ETF	1.42%	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

Can I hold both RING and GOLD in my portfolio?

RING and GOLD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.