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) is a materials sector fund issued by iShares with $2.52 billion in assets under management. It holds an ETFValuer grade of C, reflecting a score of 62.3 out of 100, and ranks 4th among 15 peers in its category. The fund’s 0.39% expense ratio sits below the category median of 0.52%, while its 1.05% dividend yield trails the median of 1.34%. Concentration is notable, with the top 10 holdings comprising 68.0% of assets and NeWMont Corporation representing the largest single position at 16.3%.

RING has delivered strong long-term gains, with a three-year return of 305.68% and a one-year return of 53.69%, outperforming the category median of 43.44% over the latter period. However, recent momentum has cooled, as the fund posted a 1.14% decline over the past day and a 1.04% drop over six months. The current price of $86.40 places the fund at 67.6% of its 52-week range, indicating it is trading closer to its highs than its lows. This performance profile coincided with a rating downgrade from B to C on September 1, 2026, based on three years of available price history.

The fund exhibits Very High volatility at 51.23% annualized, accompanied by a beta of 0.84, suggesting it moves slightly less than the broader market. Despite this elevated risk, the Sharpe ratio of 0.95 indicates that returns have compensated for the volatility taken. The maximum drawdown of -38.61% highlights the severity of past declines, while liquidity remains adequate with an average daily volume of 820,443 shares. Trading costs are reflected in a bid-ask spread of 0.72%, which is a consideration for frequent traders.

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

RING Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 68.0% 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 (61.7% 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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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 2026-08-01) — 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 0.72% and average daily volume is 820K/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 $2.52B 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