SSRM vs. RING
SSRM (SSR Mining Inc.) is a stock, while RING (iShares MSCI Global Gold Miners ETF) is Gold fund tracking the MSCI ACWI Select Gold Miners Investable Market Index. Over the past 10 years, SSRM returned 9.58%/yr vs 13.85%/yr for RING. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
SSRM vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, SSRM achieves a 24.22% return, which is significantly higher than RING's -5.54% return. Over the past 10 years, SSRM has underperformed RING with an annualized return of 9.58%, while RING has yielded a comparatively higher 13.85% annualized return.
SSRM
- 1D
- 3.46%
- 1M
- -21.64%
- YTD
- 24.22%
- 6M
- 22.60%
- 1Y
- 119.07%
- 3Y*
- 25.15%
- 5Y*
- 9.84%
- 10Y*
- 9.58%
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%
SSRM vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSRM SSR Mining Inc. | 24.22% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
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% |
Correlation
The correlation between SSRM and RING is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.80 |
The correlation between SSRM and RING has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
SSRM vs. RING — Risk / Return Rank
SSRM
RING
SSRM vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and iShares MSCI Global Gold Miners ETF (RING). 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.
| SSRM | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.59 | +2.24 |
| Martin ratioReturn relative to average drawdown | 9.89 | 4.45 | +5.43 |
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Drawdowns
SSRM vs. RING - Drawdown Comparison
The maximum SSRM drawdown since its inception was -91.68%, which is greater than RING's maximum drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for SSRM and RING.
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Drawdown Indicators
| SSRM | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.68% | -79.47% | -12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -35.72% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -35.72% | -37.69% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -47.94% | -35.22% |
Max Drawdown (10Y)Largest decline over 10 years | -83.16% | -52.04% | -31.12% |
Current DrawdownCurrent decline from peak | -37.45% | -30.03% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -57.15% | -47.36% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.09% | 12.74% | -0.65% |
Volatility
SSRM vs. RING - Volatility Comparison
SSR Mining Inc. (SSRM) has a higher volatility of 19.31% compared to iShares MSCI Global Gold Miners ETF (RING) at 16.83%. This indicates that SSRM's price experiences larger fluctuations and is considered to be riskier than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSRM | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.31% | 16.83% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 54.27% | 39.11% | +15.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.63% | 47.31% | +19.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.93% | 36.81% | +19.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.96% | 36.70% | +16.26% |
Dividends
SSRM vs. RING - Dividend Comparison
SSRM has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 0.89%.
| 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% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSRM and RING have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSRM has higher volatility (19.31%) compared to RING (16.83%). In terms of maximum drawdown, SSRM dropped -91.68% vs RING's -79.47%.
SSRM currently has the higher Sharpe Ratio (1.80 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.
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