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RING vs. QURE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RING vs. QURE

Last updated Jun 13, 2026

RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while QURE (uniQure N.V.) is a stock. Over the past 10 years, RING returned 13.85%/yr vs 11.46%/yr for QURE. At a 0.10 correlation, their price movements are largely independent.

Performance

RING vs. QURE - Performance Comparison

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

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Returns By Period

In the year-to-date period, RING achieves a -5.54% return, which is significantly lower than QURE's 15.21% return. Over the past 10 years, RING has outperformed QURE with an annualized return of 13.85%, while QURE has yielded a comparatively lower 11.46% annualized return.

RING

1D
3.20%
1M
-16.79%
YTD
-5.54%
6M
-4.18%
1Y
56.55%
3Y*
44.87%
5Y*
18.76%
10Y*
13.85%

QURE

1D
2.80%
1M
-5.49%
YTD
15.21%
6M
41.31%
1Y
72.42%
3Y*
10.96%
5Y*
-5.23%
10Y*
11.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RING vs. QURE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RING
iShares MSCI Global Gold Miners ETF		-5.54%164.72%15.98%12.29%-15.40%-7.46%24.98%49.92%-13.14%10.24%
QURE
uniQure N.V.		15.21%35.50%160.86%-70.14%9.31%-42.60%-49.58%148.65%47.12%249.82%

Correlation

The correlation between RING and QURE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2014

0.10

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Global Gold Miners ETF

uniQure N.V.

Often compared with RING:
RING vs. GDXRING vs. GLDRING vs. SLVPRING vs. AUMIRING vs. GOLDRING vs. FGDLRING vs. SPY
Often compared with QURE:
QURE vs. ACETQURE vs. WMTQURE vs. DIGQURE vs. LACQURE vs. FBGRXQURE vs. ASQURE vs. ACMR

Return for Risk

RING vs. QURE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RING
RING Risk / Return Rank: 3636
Overall Rank
RING Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RING Sortino Ratio Rank: 3434
Sortino Ratio Rank
RING Omega Ratio Rank: 3939
Omega Ratio Rank
RING Calmar Ratio Rank: 3636
Calmar Ratio Rank
RING Martin Ratio Rank: 3333
Martin Ratio Rank
QURE
QURE Risk / Return Rank: 7070
Overall Rank
QURE Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
QURE Sortino Ratio Rank: 8989
Sortino Ratio Rank
QURE Omega Ratio Rank: 9292
Omega Ratio Rank
QURE Calmar Ratio Rank: 6161
Calmar Ratio Rank
QURE Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RING vs. QURE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and uniQure N.V. (QURE). 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.

RINGQUREDifference
Sharpe ratioReturn per unit of total volatility
1.20
0.27

+0.94

Sortino ratioReturn per unit of downside risk
1.62
2.98

-1.37

Omega ratioGain probability vs. loss probability

1.23

1.45

-0.22

Calmar ratioReturn relative to maximum drawdown

1.59

0.83

+0.76

Martin ratioReturn relative to average drawdown

4.45

1.35

+3.10

RING vs. QURE - Sharpe Ratio Comparison

The current RING Sharpe Ratio is 1.20, which is higher than the QURE Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of RING and QURE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RING vs. QURE - Drawdown Comparison

The maximum RING drawdown since its inception was -79.47%, smaller than the maximum QURE drawdown of -95.40%. Use the drawdown chart below to compare losses from any high point for RING and QURE.

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Drawdown Indicators

RINGQUREDifference

Max Drawdown

Largest peak-to-trough decline

-79.47%

-95.40%

+15.93%

Max Drawdown (1Y)

Largest decline over 1 year

-35.72%

-87.21%

+51.49%

Max Drawdown (3Y)

Largest decline over 3 years

-35.72%

-87.21%

+51.49%

Max Drawdown (5Y)

Largest decline over 5 years

-47.94%

-90.11%

+42.17%

Max Drawdown (10Y)

Largest decline over 10 years

-52.04%

-95.40%

+43.36%

Current Drawdown

Current decline from peak

-30.03%

-66.46%

+36.43%

Average Drawdown

Average peak-to-trough decline

-47.36%

-56.61%

+9.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.74%

53.75%

-41.01%

Volatility

RING vs. QURE - Volatility Comparison

The current volatility for iShares MSCI Global Gold Miners ETF (RING) is 16.83%, while uniQure N.V. (QURE) has a volatility of 24.13%. This indicates that RING experiences smaller price fluctuations and is considered to be less risky than QURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RINGQUREDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.83%

24.13%

-7.30%

Volatility (6M)

Calculated over the trailing 6-month period

39.11%

92.07%

-52.96%

Volatility (1Y)

Calculated over the trailing 1-year period

47.31%

273.03%

-225.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.81%

154.02%

-117.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.70%

119.76%

-83.06%

Dividends

RING vs. QURE - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 0.89%, while QURE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
QURE
uniQure N.V.		0.00%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		0.89%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

RING and QURE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QURE has higher volatility (24.13%) compared to RING (16.83%). In terms of maximum drawdown, RING dropped -79.47% vs QURE's -95.40%.

RING currently has the higher Sharpe Ratio (1.20 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for RING and QURE

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