RING vs. SPY
Compare and contrast key facts about iShares MSCI Global Gold Miners ETF (RING) and SPDR S&P 500 ETF (SPY).
RING and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RING and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RING or SPY.
Performance
RING vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, RING achieves a 28.21% return, which is significantly higher than SPY's 26.08% return. Over the past 10 years, RING has underperformed SPY with an annualized return of 8.37%, while SPY has yielded a comparatively higher 13.10% annualized return.
RING
28.21%
-14.13%
13.03%
40.15%
9.43%
8.37%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| RING | SPY | |
|---|---|---|
| Sharpe Ratio | 1.24 | 2.70 |
| Sortino Ratio | 1.77 | 3.60 |
| Omega Ratio | 1.22 | 1.50 |
| Calmar Ratio | 0.74 | 3.90 |
| Martin Ratio | 4.98 | 17.52 |
| Ulcer Index | 8.10% | 1.87% |
| Daily Std Dev | 32.44% | 12.14% |
| Max Drawdown | -79.47% | -55.19% |
| Current Drawdown | -29.51% | -0.85% |
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RING vs. SPY - Expense Ratio Comparison
RING has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between RING and SPY is 0.17, 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.
Risk-Adjusted Performance
RING vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 1.50%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 1.50% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% | 1.48% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RING vs. SPY - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RING and SPY. For additional features, visit the drawdowns tool.
Volatility
RING vs. SPY - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 11.18% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.