RING vs. MXI
Compare and contrast key facts about iShares MSCI Global Gold Miners ETF (RING) and iShares Global Materials ETF (MXI).
RING and MXI 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. MXI is a passively managed fund by iShares that tracks the performance of the S&P Global Materials Index. It was launched on Sep 21, 2006. Both RING and MXI 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. MXI - Performance Comparison
Loading graphics...
RING vs. MXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 7.25% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | 24.98% | 49.92% | -13.14% | 10.24% |
MXI iShares Global Materials ETF | 9.91% | 27.43% | -8.25% | 14.37% | -9.09% | 15.06% | 22.31% | 22.19% | -16.06% | 30.33% |
Returns By Period
In the year-to-date period, RING achieves a 7.25% return, which is significantly lower than MXI's 9.91% return. Over the past 10 years, RING has outperformed MXI with an annualized return of 17.97%, while MXI has yielded a comparatively lower 11.40% annualized return.
RING
- 1D
- 6.67%
- 1M
- -20.56%
- YTD
- 7.25%
- 6M
- 22.69%
- 1Y
- 108.05%
- 3Y*
- 48.58%
- 5Y*
- 24.99%
- 10Y*
- 17.97%
MXI
- 1D
- 3.26%
- 1M
- -8.85%
- YTD
- 9.91%
- 6M
- 15.72%
- 1Y
- 33.16%
- 3Y*
- 11.38%
- 5Y*
- 7.39%
- 10Y*
- 11.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RING vs. MXI - Expense Ratio Comparison
RING has a 0.39% expense ratio, which is lower than MXI's 0.46% expense ratio.
Return for Risk
RING vs. MXI — Risk / Return Rank
RING
MXI
RING vs. MXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and iShares Global Materials ETF (MXI). 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 | MXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 1.56 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.52 | 2.10 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.03 | +1.60 |
Martin ratioReturn relative to average drawdown | 13.06 | 8.74 | +4.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| RING | MXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.56 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.38 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.56 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.25 | -0.14 |
Correlation
The correlation between RING and MXI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RING vs. MXI - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 0.78%, less than MXI's 2.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 0.78% | 0.84% | 1.43% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% |
MXI iShares Global Materials ETF | 2.02% | 2.22% | 3.24% | 2.92% | 4.84% | 3.51% | 1.21% | 3.64% | 2.77% | 1.76% | 1.31% | 3.64% |
Drawdowns
RING vs. MXI - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, which is greater than MXI's maximum drawdown of -68.44%. Use the drawdown chart below to compare losses from any high point for RING and MXI.
Loading graphics...
Drawdown Indicators
| RING | MXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.47% | -68.44% | -11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -30.11% | -16.18% | -13.93% |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | -28.76% | -19.18% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -39.52% | -12.52% |
Current DrawdownCurrent decline from peak | -20.56% | -8.85% | -11.71% |
Average DrawdownAverage peak-to-trough decline | -47.75% | -18.19% | -29.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 3.76% | +4.62% |
Volatility
RING vs. MXI - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 18.16% compared to iShares Global Materials ETF (MXI) at 9.12%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than MXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| RING | MXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.16% | 9.12% | +9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 38.56% | 15.13% | +23.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.62% | 21.32% | +25.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 19.43% | +16.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.85% | 20.37% | +16.48% |