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.
Correlation
The correlation between RING and GOLD is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RING vs. GOLD - Performance Comparison
Key characteristics
RING:
1.81
GOLD:
0.60
RING:
2.33
GOLD:
1.05
RING:
1.31
GOLD:
1.13
RING:
1.51
GOLD:
0.32
RING:
6.68
GOLD:
1.66
RING:
9.27%
GOLD:
12.54%
RING:
34.19%
GOLD:
34.76%
RING:
-79.48%
GOLD:
-88.51%
RING:
-5.67%
GOLD:
-55.10%
Returns By Period
In the year-to-date period, RING achieves a 47.92% return, which is significantly higher than GOLD's 25.93% return. Over the past 10 years, RING has outperformed GOLD with an annualized return of 11.28%, while GOLD has yielded a comparatively lower 6.22% annualized return.
RING
47.92%
10.70%
21.12%
59.37%
9.61%
11.28%
GOLD
25.93%
0.31%
-3.39%
20.12%
-3.87%
6.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
RING vs. GOLD — Risk-Adjusted Performance Rank
RING
GOLD
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 0.97%, less than GOLD's 2.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 0.97% | 1.43% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% |
GOLD Barrick Gold Corporation | 2.06% | 2.58% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% | 1.86% |
Drawdowns
RING vs. GOLD - Drawdown Comparison
The maximum RING drawdown since its inception was -79.48%, smaller than the maximum GOLD drawdown of -88.51%. 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) and Barrick Gold Corporation (GOLD) have volatilities of 16.07% and 15.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.