VIK vs. RING

Last updated Apr 1, 2026

Compare and contrast key facts about Viking Holdings Ltd (VIK) and iShares MSCI Global Gold Miners ETF (RING).

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.

Performance

VIK vs. RING - Performance Comparison

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

VIK vs. RING - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VIK Viking Holdings Ltd	2.90%	62.07%	68.81%
RING iShares MSCI Global Gold Miners ETF	7.25%	164.72%	6.57%

Returns By Period

In the year-to-date period, VIK achieves a 2.90% return, which is significantly lower than RING's 7.25% return.

VIK

• 1D: 7.35%
• 1M: -5.82%
• YTD: 2.90%
• 6M: 18.21%
• 1Y: 84.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RING

• 1D: 6.67%
• 1M: -20.56%
• YTD: 7.25%
• 6M: 22.69%
• 1Y: 108.05%
• 3Y*: 48.58%
• 5Y*: 24.99%
• 10Y*: 17.97%

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

Return for Risk

VIK vs. RING — Risk / Return Rank

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

VIK

VIK Risk / Return Rank: 91
VIK Sharpe Ratio Rank: 91
VIK Sortino Ratio Rank: 89
VIK Omega Ratio Rank: 87
VIK Calmar Ratio Rank: 93
VIK Martin Ratio Rank: 94

RING

RING Risk / Return Rank: 93
RING Sharpe Ratio Rank: 95
RING Sortino Ratio Rank: 91
RING Omega Ratio Rank: 91
RING Calmar Ratio Rank: 94
RING Martin Ratio Rank: 93

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.

VIK vs. RING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Viking Holdings Ltd (VIK) 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.

	VIK	RING	Difference
Sharpe ratio Return per unit of total volatility	2.04	2.33	-0.29
Sortino ratio Return per unit of downside risk	2.71	2.52	+0.19
Omega ratio Gain probability vs. loss probability	1.36	1.37	-0.02
Calmar ratio Return relative to maximum drawdown	4.65	3.64	+1.02
Martin ratio Return relative to average drawdown	15.01	13.06	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIK vs. RING - Sharpe Ratio Comparison

The current VIK Sharpe Ratio is 2.04, which is comparable to the RING Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VIK and RING, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VIK	RING	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.33	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	0.12	+1.69

Correlation

The correlation between VIK and RING is 0.12, 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.

Dividends

VIK vs. RING - Dividend Comparison

VIK has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 0.78%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RING iShares MSCI Global Gold Miners ETF	0.78%	0.84%	1.43%	2.01%	2.29%	2.38%	0.83%	0.83%	0.70%	0.42%	1.41%	0.96%

Drawdowns

VIK vs. RING - Drawdown Comparison

The maximum VIK drawdown since its inception was -35.39%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for VIK and RING.

Drawdown Indicators

	VIK	RING	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-79.47%	+44.08%
Max Drawdown (1Y) Largest decline over 1 year	-18.66%	-30.11%	+11.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-47.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.04%	—
Current Drawdown Current decline from peak	-7.82%	-20.56%	+12.74%
Average Drawdown Average peak-to-trough decline	-6.34%	-47.75%	+41.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.78%	8.38%	-2.60%

Volatility

VIK vs. RING - Volatility Comparison

Viking Holdings Ltd (VIK) and iShares MSCI Global Gold Miners ETF (RING) have volatilities of 17.75% and 18.16%, 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

	VIK	RING	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	18.16%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	28.51%	38.56%	-10.05%
Volatility (1Y) Calculated over the trailing 1-year period	41.75%	46.62%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.10%	35.85%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.10%	36.85%	+3.25%