iShares MSCI Global Gold Miners ETF (RING)


Market Price (9/8/2026): $87.69

iShares MSCI Global Gold Miners ETF (RING)


Market Price (9/8/2026): $87.69

Key Takeaways

  • RING has returned +18.7% YTD vs +13.3% for SPY; +54.3% over the past 12 months (SPY +20.0%). details →
  • Priced in gold, RING has returned +78.6% over the past 3 years, vs +311.1% in dollars. details →
  • Over the past month, RING has seen net outflows of −$104M (−4.2% of assets). details →
  • Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.3 vs 1.0. details →
  • RING trades 12% below its 52-week high. details →
Last updated: 9/7/2026.

Price Chart

Asset Allocation with RING

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.8%
Volatility
22.1%
Sharpe
0.52
YTD
+12.4%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for RING

Total Weights
Top 5: 21.9% | Top 10: 21.9% | Top 20: 21.9%

TickerHoldingETF WeightSales WeightEarnings WeightFwd P/SFwd P/EFwd Sales GrowthFwd Earnings Growth
Total20.80%100.00%100.00%4.613.4+11.4%+8.5%
Top 2020.57%98.71%98.71%4.613.5+10.9%+7.6%
NEMNewmont17.13%85.52%87.82%4.812.4+8.3%+4.6%
nullN/A1.34%
CDECoeur Mining3.44%13.18%10.88%3.922.7+22.6%+41.5%
[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for RING Top Holdings

TickerHoldingWeightMkt Price
9/7
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
RINGiShares MSCI Global Gold Miners ETF100.00%87.400.0%12.0%18.7%54.3%311.1%254.9%354.8%
NEMNewmont17.13%128.090.0%13.6%29.1%69.7%250.4%155.4%317.3%
nullN/A1.34%        
CDECoeur Mining3.44%21.240.0%22.1%19.3%44.9%862.2%206.0%60.0%

Guidance Updates for RING Top Holdings

 

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RING Return-7%-15%12%16%165%21%227%
Peers Return15%-20%33%13%40%37%170%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
RING Win Rate58%42%58%50%83%56% 
Peers Win Rate58%45%62%58%67%67% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
RING Max Drawdown-28%-48%-28%-23%-19%-39% 
Peers Max Drawdown-20%-37%-19%-18%-26%-18% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMH, SOXX, IBB, XBI, ITA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
RING1.121.250.75
Equity Top Results (3Y)   
IALT2.082.082.08
VLUE2.531.420.74
SPMO0.941.370.79
CORO1.351.331.33
CGDV1.281.310.94

Results as of 8312026.

How Low Can It Go

EventRINGS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.7%-9.5%
  % Gain to Breakeven23.0%10.5%
  Time to Breakeven56 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.7%-6.7%
  % Gain to Breakeven12.0%7.1%
  Time to Breakeven8 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-34.9%-24.5%
  % Gain to Breakeven53.5%32.4%
  Time to Breakeven121 days427 days
2020 COVID-19 Crash
  % Loss-31.8%-33.7%
  % Gain to Breakeven46.5%50.9%
  Time to Breakeven31 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-30.3%-3.7%
  % Gain to Breakeven43.5%3.9%
  Time to Breakeven944 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-14.3%-12.2%
  % Gain to Breakeven16.7%13.9%
  Time to Breakeven51 days62 days

Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

iShares MSCI Global Gold Miners ETF's stock fell -5.9% during the 2025 US Tariff Shock. Such a loss loss requires a 6.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRINGS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-34.9%-24.5%
  % Gain to Breakeven53.5%32.4%
  Time to Breakeven121 days427 days
2020 COVID-19 Crash
  % Loss-31.8%-33.7%
  % Gain to Breakeven46.5%50.9%
  Time to Breakeven31 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-30.3%-3.7%
  % Gain to Breakeven43.5%3.9%
  Time to Breakeven944 days6 days
2014-2016 Oil Price Collapse
  % Loss-53.8%-6.8%
  % Gain to Breakeven116.2%7.3%
  Time to Breakeven164 days15 days
2013 Taper Tantrum
  % Loss-28.5%-0.2%
  % Gain to Breakeven39.9%0.2%
  Time to Breakeven941 days1 days

Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

iShares MSCI Global Gold Miners ETF's stock fell -5.9% during the 2025 US Tariff Shock. Such a loss loss requires a 6.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

RING Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
IWPiShares Russell Mid-Cap Growth ETF-5.4%139.699072026147.70817202621
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.3%34.20907202637.30622202677
EWYiShares MSCI South Korea ETF-13.8%188.879072026219.20621202678
EWZiShares MSCI Brazil ETF-9.3%37.86907202641.734142026146
FXIiShares China Large-Cap ETF-6.2%35.88907202638.265132026117
ILFiShares Latin America 40 ETF-5.3%36.07907202638.104142026146
KWEBKraneShares CSI China Internet ETF-15.9%26.05907202630.993102026181
MTUMiShares MSCI USA Momentum Factor ETF-11.7%304.869072026345.22622202677
SPHQInvesco S&P 500 Quality ETF-5.3%85.32907202690.10630202669
SPMOInvesco S&P 500 Momentum ETF-7.4%149.729072026161.66622202677
URAGlobal X Uranium ETF-20.9%46.06907202658.265062026124
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.6%35.95907202641.635132026117
ROBOROBO Global Robotics & Automation Index ETF-10.8%80.57907202690.34602202697
LITGlobal X Lithium & Battery Tech ETF-19.0%74.18907202691.625112026119
ICLNiShares Global Clean Energy ETF-25.2%17.77907202623.75602202697
ARKQARK Autonomous Technology & Robotics ETF-15.0%122.259072026143.825282026102
ARKXARK Space & Defense Innovation ETF-14.6%32.22907202637.745282026102
NASATema Space Innovators ETF-43.9%23.52907202641.895272026103
AGIXKraneShares Artificial Intelligence ETF-7.0%45.93907202649.40601202698
XLKState Street Technology Select Sector SPDR ETF-5.5%187.289072026198.21602202697
XLIState Street Industrial Select Sector SPDR ETF-6.0%175.279072026186.51816202622
XLCState Street Communication Services Select Sector SPDR ETF-5.9%112.039072026119.104192026141
XLYState Street Consumer Discretionary Select Sector SPDR ETF-5.9%114.919072026122.065282026102
XLUState Street Utilities Select Sector SPDR ETF-8.6%43.08907202647.154092026151
IYJiShares U.S. Industrials ETF-5.2%161.109072026169.86804202634
SMHVanEck Semiconductor ETF-15.2%567.019072026668.91622202677
SOXXiShares Semiconductor ETF-20.6%519.869072026655.01622202677
ITAiShares U.S. Aerospace & Defense ETF-10.9%225.619072026253.22816202622
IGViShares Expanded Tech-Software Sector ETF-5.2%104.579072026110.32827202611
IYTiShares U.S. Transportation ETF-6.5%84.17907202690.01716202653
MISLFirst Trust Indxx Aerospace & Defense ETF-12.0%43.53907202649.463092026182
RINGiShares MSCI Global Gold Miners ETF-6.2%87.40907202693.17825202613
SOXQInvesco PHLX Semiconductor ETF-19.7%92.409072026115.11622202677
TLTiShares 20+ Year Treasury Bond ETF-6.1%82.21907202687.523092026182
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.3%25.12907202626.523092026182
EDVVanguard World Funds Extended Duration ETF-8.9%60.29907202666.203092026182
GSGiShares GSCI Commodity-5.8%30.01907202631.853182026173
GLDSPDR Gold Trust-14.9%406.779072026477.863102026181
IAUiShares Gold Trust-14.8%83.39907202697.853102026181
GLDMSPDR Gold MiniShares Trust-14.7%87.739072026102.893102026181
SGOLETFS Physical Swiss Gold Shares-9.8%44.66907202649.533102026181
BARDirexion Daily Gold Bull 3X Shares-13.4%44.34907202651.203102026181
SLViShares Silver Trust-25.3%59.82907202680.093102026181
PPLTETFS Physical Platinum Shares-17.5%16.50907202620.003102026181
CPERUnited States Copper Index Fund ETV-7.7%33.33907202636.123112026180
PALLETFS Physical Palladium Shares-17.4%25.31907202630.643092026182
USOUnited States Oil Fund LP-7.2%141.969072026152.965192026111
UNGUnited States Natural Gas Fund LP-19.0%10.56907202613.043122026179
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85907202660.135042026126
SCHHSchwab U.S. REIT ETF-5.7%23.45907202624.86726202643
REETiShares Global REIT ETF-5.2%27.40907202628.89726202643
USRTiShares Core U.S. REIT ETF-6.4%65.34907202669.82726202643

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-04

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$19.0B), followed by Bond (+$16.9B), while Real Estate (−$277M) saw the largest outflows.
  • Within the mix, money rotated into Short Treasury (+$9.2B) and out of Broad Sector (−$5.8B).
  • Relative to fund size, CNEQ drew the largest inflow (+81.8% of AUM) and SNXX the largest outflow (−32.6%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$30.38B+2.9%
2VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$6.46B+0.9%
3SGOViShares 0-3 Month Treasury Bond ETFCash+$6.06B+5.8%
4GLDSPDR Gold SharesCommodity Gold+$4.87B+3.3%
5VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.66B+15.1%
6SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.44B+3.1%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.29B+15.3%
8IBITiShares Bitcoin Trust ETFCrypto+$2.78B+4.7%
9RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$2.67B+2.7%
10VCITVanguard Intermediate-Term Corporate Bond ETFBond Intermediate Corporate+$2.45B+3.5%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$35.73B-4.0%
2XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$3.47B-6.2%
3VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.6B-6.1%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.52B-7.7%
5HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$2.35B-14.1%
6QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$2.19B-0.4%
7GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.86B-4.2%
8DRAMRoundhill Memory ETFOther-$1.83B-7.0%
9DIAState Street SPDR Dow Jones Industrial Average ETF TrustEquity US Large Concentrated-$1.38B-3.0%
10XLIState Street Industrial Select Sector SPDR ETFEquity Broad Sector-$935M-2.8%

Largest ETF fund flows across ~2631 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About RING

0Holdings Count: 40
Expense Ratio: 0.39%
Inception Date: 2012-01-30
iShares MSCI Global Gold Miners ETF
The iShares MSCI Global Gold Miners ETF endeavors to replicate the returns of a global stock index featuring businesses principally focused on gold extraction.
Asset Class: Equity | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

RINGSMHSOXXIBBXBIITAMedian
NameiShares MS.VanEck Sem.iShares Se.iShares Bi.State Stre.iShares U.. 
Asset ClassEquityEquityEquityEquityEquityEquity-
AUM ($ Bil)2.566.641.010.711.513.312.4
Expense Ratio0.39%0.35%0.33%0.44%0.35%0.37%0.36%
10-D Avg Volume (Mil)0.6510.489.471.558.760.745.15
Latest Day Volume (Mil)0.212.173.020.621.70-1.70
Holdings Count4026302471544844
Inception Date1/30/201212/20/20117/9/20012/4/20011/31/20064/30/2006-

Fundamentals

RINGSMHSOXXIBBXBIITAMedian
NameiShares MS.VanEck Sem.iShares Se.iShares Bi.State Stre.iShares U.. 
Net Asset Value86.47550.64501.55213.81164.46223.28-
Premium/Discount1.1%3.0%3.7%-0.9%-0.4%1.0%1.1%
Distribution Yield1.0%0.2%0.3%0.2%0.3%0.0%0.2%
Sales Yield18.2%7.6%7.9%12.0%8.5%31.6%10.3%
Earnings Yield5.9%2.5%2.2%1.8%1.3%2.8%2.4%

Valuation

RINGSMHSOXXIBBXBIITAMedian
NameiShares MS.VanEck Sem.iShares Se.iShares Bi.State Stre.iShares U.. 
P/S (TTM)5.5x13.1x12.6x8.4x11.7x3.2x10.0x
P/E (TTM)16.9x39.8x45.1x54.8x78.5x36.1x42.5x
P/FCF (TTM)14.8x47.9x52.4x--38.0x42.9x
Forward P/E----60.9x29.6x45.2x
Forward P/S----7.8x2.8x5.3x

Risk

RINGSMHSOXXIBBXBIITAMedian
NameiShares MS.VanEck Sem.iShares Se.iShares Bi.State Stre.iShares U.. 
Volatility (1Y)51.2%39.3%45.4%21.8%27.9%23.2%33.6%
Volatility (3Y)40.1%36.8%39.4%20.9%27.9%20.1%32.4%
Volatility (5Y)37.9%36.7%38.5%22.2%32.3%20.3%34.5%
Beta (1Y)1.892.372.580.791.061.041.48
Beta (3Y)0.861.972.050.821.030.850.95
Beta (5Y)0.681.761.810.861.150.811.01
Sharpe Ratio (1Y)1.161.911.902.012.160.681.91
Sharpe Ratio (3Y)1.351.371.160.901.001.231.19
Sharpe Ratio (5Y)0.850.980.830.310.300.880.84
Max Drawdown (1Y)-39.1%-24.6%-29.0%-9.6%-10.5%-15.8%-20.2%
Max Drawdown (3Y)-39.1%-35.7%-41.4%-24.9%-33.0%-15.8%-34.4%
Max Drawdown (5Y)-47.9%-45.3%-45.8%-39.7%-54.0%-18.7%-45.5%

Returns

RINGSMHSOXXIBBXBIITAMedian
NameiShares MS.VanEck Sem.iShares Se.iShares Bi.State Stre.iShares U.. 
1M Return20.8%-0.8%-2.4%9.8%6.0%-9.8%2.6%
3M Return27.3%-0.5%-3.7%25.8%27.3%-1.7%12.7%
6M Return0.2%49.0%60.8%26.6%32.1%-6.8%29.3%
YTD Return18.7%57.4%72.7%25.7%34.3%5.2%30.0%
1Y Return59.1%96.2%113.8%51.4%75.9%14.1%67.5%
2Y Return175.5%134.7%127.5%43.8%62.4%54.5%95.0%
3Y Return297.4%269.4%213.6%64.6%106.7%97.4%160.1%

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity0.5 Mil
Short Interest: % Change Since 7312026426.6%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest1