RING — iShares MSCI Global Gold Miners ETF

RING Price Performance — Growth of $10,000

Value of a $10,000 investment in RING over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

RING Drawdown

The "underwater" chart: RING's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares MSCI Global Gold Miners ETF (RING) operates within the Materials category, where ETFValuer tracks a total of 15 funds. Issued by iShares, the fund manages $2.20 billion in assets and trades at a price of $64.49. It holds an overall rank of #236 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 60.0 out of 100. Investors can access the fund with an expense ratio of 0.39% while receiving a dividend yield of 1.40%. The combination of a $2.20 billion asset base and a mid-tier ranking suggests moderate adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's standing as a specialized vehicle within the materials sector.

Recent price action shows a sharp decline over the last day with a return of -1.99%, following a weekly gain of +5.02%. The one-month return stands at -3.53%, while the three-month period reflects a significant drop of -20.72%. Year-to-date performance is negative at -11.66%, and the six-month return has fallen further to -24.69%. Despite these shorter-term losses, the fund has posted a strong one-year return of +41.51%. This positive momentum extends to the three-year horizon, where the fund has generated a return of +183.67%. The data indicates a pattern where long-term gains have been substantial, contrasting with recent short-term volatility and drawdowns.

The fund carries a volatility label of Very High, which aligns with its beta of 0.81 relative to the broader market. A Sharpe ratio of 0.75 suggests the fund has generated returns that compensate for risk, though the magnitude of recent drawdowns complicates this assessment. The maximum drawdown recorded is -38.61%, indicating severe potential losses during market downturns. This combination of a high volatility label and a deep maximum drawdown implies the fund experiences significant price swings in both directions. While the beta below 1.0 suggests slightly less sensitivity to broad market moves than the average, the extreme drawdown figure highlights substantial downside risk. Investors should expect pronounced fluctuations in value given the interplay of these risk metrics.

AI-generated summary based on the data on this page.

RING Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 66.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how RING's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With RING

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with RING's top 10 — GDX overlaps most, holding 8 of the same companies as RING's top 10 (60.2% of RING's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

RING Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.45% and average daily volume is 569K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.20B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: RING is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

RING Performance History

How RING Compares to Other Materials ETFs