TIMB vs. RING
TIMB (TIM S.A.) 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 5 years, TIMB returned 19.21%/yr vs 18.76%/yr for RING. At a 0.20 correlation, their price movements are largely independent.
Performance
TIMB vs. RING - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TIMB achieves a 15.30% return, which is significantly higher than RING's -5.54% return.
TIMB
- 1D
- 0.54%
- 1M
- 1.69%
- YTD
- 15.30%
- 6M
- 11.44%
- 1Y
- 31.26%
- 3Y*
- 22.01%
- 5Y*
- 19.21%
- 10Y*
- —
RING
- 1D
- 3.20%
- 1M
- -8.50%
- YTD
- -5.54%
- 6M
- -4.18%
- 1Y
- 54.08%
- 3Y*
- 44.87%
- 5Y*
- 18.76%
- 10Y*
- 13.85%
TIMB vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TIMB TIM S.A. | 15.30% | 86.96% | -33.24% | 68.57% | 4.05% | -13.46% | 23.03% |
RING iShares MSCI Global Gold Miners ETF | -5.54% | 164.72% | 15.98% | 12.29% | -15.40% | -7.46% | -10.33% |
Correlation
The correlation between TIMB and RING is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.20 |
The correlation between TIMB and RING shifts across timeframes, from 0.20 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TIMB vs. RING — Risk / Return Rank
TIMB
RING
TIMB vs. RING - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) 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.
| TIMB | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.59 | -0.37 |
| Martin ratioReturn relative to average drawdown | 3.35 | 4.45 | -1.10 |
Loading charts...
Drawdowns
TIMB vs. RING - Drawdown Comparison
The maximum TIMB drawdown since its inception was -37.08%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for TIMB and RING.
Loading charts...
Drawdown Indicators
| TIMB | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -79.47% | +42.39% |
Max Drawdown (1Y)Largest decline over 1 year | -23.82% | -35.72% | +11.90% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | -35.72% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -37.08% | -47.94% | +10.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.04% | — |
Current DrawdownCurrent decline from peak | -20.28% | -30.03% | +9.75% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -47.36% | +35.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 12.74% | -4.06% |
Volatility
TIMB vs. RING - Volatility Comparison
The current volatility for TIM S.A. (TIMB) is 6.33%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 16.83%. This indicates that TIMB experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIMB | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 16.83% | -10.50% |
Volatility (6M)Calculated over the trailing 6-month period | 25.37% | 39.11% | -13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.42% | 47.31% | -15.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.55% | 36.81% | -5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 36.70% | -4.60% |
Dividends
TIMB vs. RING - Dividend Comparison
TIMB's dividend yield for the trailing twelve months is around 8.17%, more than RING's 0.89% 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% |
TIMB TIM S.A. | 8.17% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIMB and RING have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING has higher volatility (16.83%) compared to TIMB (6.33%). In terms of maximum drawdown, TIMB dropped -37.08% vs RING's -79.47%.
RING currently has the higher Sharpe Ratio (1.20 vs 0.93), 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.
Find the right allocation for TIMB and RING
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer