RING vs. VIK
RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index, while VIK (Viking Holdings Ltd) is a stock. Over the past year, RING returned 45.25% vs 81.29% for VIK. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
RING vs. VIK - Performance Comparison
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Returns By Period
In the year-to-date period, RING achieves a -12.74% return, which is significantly lower than VIK's 46.13% return.
RING
- 1D
- -3.07%
- 1M
- -5.09%
- 6M
- -20.44%
- YTD
- -12.74%
- 1Y
- 45.25%
- 3Y*
- 41.73%
- 5Y*
- 19.27%
- 10Y*
- 10.69%
- ALL TIME*
- 2.79%
VIK
- 1D
- -0.10%
- 1M
- 3.63%
- 6M
- 44.63%
- YTD
- 46.13%
- 1Y
- 81.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 85.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.74M | $52.06M | $43.86M | |
| $200.99M | $202.67M | $270.16M |
RING vs. VIK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | -12.74% | 164.72% | 7.17% |
VIK Viking Holdings Ltd | 46.13% | 62.07% | 68.49% |
Correlation
The correlation between RING and VIK is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 1, 2024 | 0.16 |
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Return for Risk
RING vs. VIK — Risk / Return Rank
RING
VIK
RING vs. VIK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Gold Miners ETF (RING) and Viking Holdings Ltd (VIK). 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 | VIK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 5.23 | -3.99 |
| Martin ratioReturn relative to average drawdown | 2.72 | 13.98 | -11.25 |
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Drawdowns
RING vs. VIK - Drawdown Comparison
The maximum RING drawdown since its inception was -79.47%, which is greater than VIK's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for RING and VIK.
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Drawdown Indicators
| RING | VIK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.47% | -35.39% | -44.08% |
Max Drawdown (1Y)Largest decline over 1 year | -38.61% | -14.94% | -23.67% |
Max Drawdown (3Y)Largest decline over 3 years | -38.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | — | — |
Current DrawdownCurrent decline from peak | -35.37% | -0.57% | -34.80% |
Average DrawdownAverage peak-to-trough decline | -47.24% | -5.87% | -41.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 5.58% | +11.99% |
Volatility
RING vs. VIK - Volatility Comparison
iShares MSCI Global Gold Miners ETF (RING) has a higher volatility of 12.19% compared to Viking Holdings Ltd (VIK) at 6.93%. This indicates that RING's price experiences larger fluctuations and is considered to be riskier than VIK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RING | VIK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 6.93% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 39.42% | 31.79% | +7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.68% | 38.37% | +10.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.26% | 40.09% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.65% | 40.09% | -3.44% |
Dividends
RING vs. VIK - Dividend Comparison
RING's dividend yield for the trailing twelve months is around 1.42%, while VIK has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 1.42% | 0.84% | 1.43% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% |
VIK Viking Holdings Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RING and VIK have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING has higher volatility (12.19%) compared to VIK (6.93%). In terms of maximum drawdown, RING dropped -79.47% vs VIK's -35.39%.
VIK currently has the higher Sharpe Ratio (2.04 vs 0.99), 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.
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