VIK vs. RING
VIK (Viking Holdings Ltd) 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 year, VIK returned 103.52% vs 52.30% for RING. At a 0.15 correlation, their price movements are largely independent.
Performance
VIK vs. RING - Performance Comparison
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Returns By Period
In the year-to-date period, VIK achieves a 41.65% return, which is significantly higher than RING's -8.53% return.
VIK
- 1D
- 1.10%
- 1M
- 20.09%
- YTD
- 41.65%
- 6M
- 38.35%
- 1Y
- 103.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RING
- 1D
- -4.54%
- 1M
- -9.24%
- YTD
- -8.53%
- 6M
- -13.08%
- 1Y
- 52.30%
- 3Y*
- 44.79%
- 5Y*
- 20.81%
- 10Y*
- 12.92%
VIK vs. RING - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VIK Viking Holdings Ltd | 41.65% | 62.07% | 68.49% |
RING iShares MSCI Global Gold Miners ETF | -8.53% | 164.72% | 7.17% |
Correlation
The correlation between VIK and RING is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 1, 2024 | 0.15 |
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Return for Risk
VIK vs. RING — Risk / Return Rank
VIK
RING
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.
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.
| VIK | RING | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.21 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | 1.47 | +5.50 |
| Martin ratioReturn relative to average drawdown | 19.28 | 3.91 | +15.37 |
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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.
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Drawdown Indicators
| VIK | RING | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -79.47% | +44.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.94% | -35.72% | +20.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.72% | — |
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 | 0.00% | -32.25% | +32.25% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -47.33% | +41.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.39% | 13.40% | -8.01% |
Volatility
VIK vs. RING - Volatility Comparison
The current volatility for Viking Holdings Ltd (VIK) is 10.18%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 17.22%. This indicates that VIK 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.
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Volatility by Period
| VIK | RING | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 17.22% | -7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 32.36% | 39.95% | -7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.05% | 48.04% | -9.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.75% | 36.94% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.75% | 36.73% | +4.02% |
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 1.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RING iShares MSCI Global Gold Miners ETF | 1.35% | 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
VIK and RING have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING has higher volatility (17.22%) compared to VIK (10.18%). In terms of maximum drawdown, VIK dropped -35.39% vs RING's -79.47%.
VIK currently has the higher Sharpe Ratio (2.74 vs 1.09), 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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