RING vs. SGDJ

Last updated Jun 13, 2026

RING (iShares MSCI Global Gold Miners ETF) and SGDJ (Sprott Junior Gold Miners ETF) are both exchange-traded funds - RING is a Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while SGDJ is a Materials fund tracking the Solactive Junior Gold Miners Custom Factors Index. Both are passively managed. Over the past 10 years, RING returned 13.85%/yr vs 10.80%/yr for SGDJ. Their correlation of 0.91 suggests significant overlap in exposure. RING charges 0.39%/yr vs 0.50%/yr for SGDJ.

Performance

RING vs. SGDJ - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RING having a -5.54% return and SGDJ slightly lower at -5.68%. Over the past 10 years, RING has outperformed SGDJ with an annualized return of 13.85%, while SGDJ has yielded a comparatively lower 10.80% annualized return.

RING

• 1D: 3.20%
• 1M: -14.81%
• YTD: -5.54%
• 6M: -4.18%
• 1Y: 54.08%
• 3Y*: 44.87%
• 5Y*: 18.76%
• 10Y*: 13.85%

SGDJ

• 1D: 2.43%
• 1M: -17.01%
• YTD: -5.68%
• 6M: -2.07%
• 1Y: 66.21%
• 3Y*: 47.78%
• 5Y*: 15.18%
• 10Y*: 10.80%

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

RING vs. SGDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SGDJ Sprott Junior Gold Miners ETF	-5.68%	174.44%	19.35%	6.66%	-27.60%	-15.12%	47.91%	37.00%	-25.63%	5.94%

Correlation

The correlation between RING and SGDJ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015	0.91

The correlation between RING and SGDJ has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

RING vs. SGDJ - Sectors Allocation Comparison

Sectors	RING	SGDJ
Basic Materials	100.0%	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RING vs. SGDJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RING

RING Risk / Return Rank: 36
RING Sharpe Ratio Rank: 38
RING Sortino Ratio Rank: 34
RING Omega Ratio Rank: 39
RING Calmar Ratio Rank: 36
RING Martin Ratio Rank: 33

SGDJ

SGDJ Risk / Return Rank: 41
SGDJ Sharpe Ratio Rank: 45
SGDJ Sortino Ratio Rank: 38
SGDJ Omega Ratio Rank: 43
SGDJ Calmar Ratio Rank: 42
SGDJ Martin Ratio Rank: 37

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. SGDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Sprott Junior Gold Miners ETF (SGDJ). 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	SGDJ	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.37	-0.17
Sortino ratio: Return per unit of downside risk	1.62	1.76	-0.14
Omega ratio: Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio: Return relative to maximum drawdown	1.59	1.86	-0.27
Martin ratio: Return relative to average drawdown	4.45	5.04	-0.59

RING vs. SGDJ - Sharpe Ratio Comparison

The current RING Sharpe Ratio is 1.20, which is comparable to the SGDJ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of RING and SGDJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RING vs. SGDJ - Drawdown Comparison

The maximum RING drawdown since its inception was -79.47%, which is greater than SGDJ's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for RING and SGDJ.

Drawdown Indicators

	RING	SGDJ	Difference
Max Drawdown Largest peak-to-trough decline	-79.47%	-59.27%	-20.20%
Max Drawdown (1Y) Largest decline over 1 year	-35.72%	-36.84%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-35.72%	-36.84%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-47.94%	-53.68%	+5.74%
Max Drawdown (10Y) Largest decline over 10 years	-52.04%	-59.27%	+7.23%
Current Drawdown Current decline from peak	-30.03%	-31.23%	+1.20%
Average Drawdown Average peak-to-trough decline	-47.36%	-26.25%	-21.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.74%	13.57%	-0.83%

Volatility

RING vs. SGDJ - Volatility Comparison

iShares MSCI Global Gold Miners ETF (RING) and Sprott Junior Gold Miners ETF (SGDJ) have volatilities of 16.83% and 17.17%, 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.

Volatility by Period

	RING	SGDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.83%	17.17%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	39.11%	41.94%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	47.31%	49.96%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.81%	40.69%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.70%	40.92%	-4.22%

RING vs. SGDJ - Expense Ratio Comparison

RING has a 0.39% expense ratio, which is lower than SGDJ's 0.50% expense ratio.

Dividends

RING vs. SGDJ - Dividend Comparison

RING's dividend yield for the trailing twelve months is around 0.89%, less than SGDJ's 8.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SGDJ Sprott Junior Gold Miners ETF	8.88%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%

Frequently Asked Questions

Can I hold both RING and SGDJ in my portfolio?

With a correlation of 0.93, RING and SGDJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RING or SGDJ?

SGDJ has higher volatility (17.17%) compared to RING (16.83%). In terms of maximum drawdown, RING dropped -79.47% vs SGDJ's -59.27%.

Which ETF is better, RING or SGDJ?

On 10-year performance, RING leads with 13.85% vs 10.80% for SGDJ. On fees, RING is cheaper at 0.39% per year. On volatility, RING has been the lower-risk option at 16.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RING or SGDJ?

Over the 10-year period, RING has performed better with a 13.85% return vs 10.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RING or SGDJ?

RING is cheaper with a 0.39% expense ratio, compared with 0.50% for SGDJ.

Which ETF pays a higher dividend yield, RING or SGDJ?

SGDJ has the higher dividend yield at 8.88%, compared with 0.89% for RING.

What is the main difference between RING and SGDJ?

RING is categorized as Gold, while SGDJ is Materials. RING tracks MSCI ACWI Select Gold Miners Investable Market Index, while SGDJ tracks Solactive Junior Gold Miners Custom Factors Index. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.39% for RING and 0.50% for SGDJ.

Which has better risk-adjusted returns?

SGDJ currently has the higher Sharpe Ratio (1.37 vs 1.20), 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.