RING
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Gold Miners Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Gold Miners Investable Market Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 3.6 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Jan 31, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NEWMONT MINING CORP | 13.9 % |
| AGNICO-EAGLE MINES LTD | 12.3 % |
| BARRICK MINING CORP | 8.4 % |
| ANGLOGOLD ASHANTI PLC | 4.6 % |
| SILVER WHEATON CORP | 4.2 % |
| KINROSS GOLD CORP | 4.0 % |
| GOLD FIELDS LTD | 3.7 % |
| ZIJIN MINING GROUP CO LTD-H | 3.3 % |
| ALAMOS GOLD INC. | 3.0 % |
| COEUR D'ALENE MINES CORP | 2.4 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 671 |
| Wgt avg mkt cap (mns) | $39,410 |
| Large cap (>$10bn) | 59.2% |
| Mid cap ($2-10bn) | 21.5% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 68.6% |
| Emerging mkts. | 12.6% |
Sector Breakdown
Country Exposure
 |
CANADA | 41.0 % |
 |
UNITED STATES | 16.3 % |
 |
SOUTH AFRICA | 6.0 % |
 |
AUSTRALIA | 3.5 % |
 |
CHINA | 3.3 % |
 |
BRITAIN | 0.9 % |
 |
INDONESIA | 0.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 35.0% | 201.8% | 118.2% | 66.6% | 31.0% | 19.7% | -- | 4.9% |
| Dividend Yield | 0.0% | 3.2% | 2.7% | 2.5% | 2.3% | 1.6% | -- | 1.3% |
| Total Returns | 35.0% | 205.0% | 120.9% | 69.1% | 33.3% | 21.3% | -- | 6.2% | Ann. Volatility | 58.3% | 43.6% | 38.1% | 35.8% | 35.1% | 36.7% | -- | 37.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.46 | 4% |
| MSCI EAFE | 1.01 | 15% |
| MSCI Emg Mkts | 0.96 | 16% |
Liquidity Measures
| Avg. volume (000) | 411 |
| ADV traded (mns) | $36 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $88.49 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 3.65/2.78 |
| Bollinger Bands (Upper/Lower) | $99.91/$77.24 |
| Short interest (% of AUM) | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RING |
Expenses vs. RING |
ALTAR Score™ vs. RING |
|---|---|---|---|---|
| SGDM | Sprott Gold Miners ETF | 35.6% | +11 bp | -0.7% |
| AUMI | Themes Gold Miners ETF | 24.1% | -4 bp | -0.1% |
| SLVP | iShares MSCI Global Silver Miners ETF | 22.8% | 0 bp | -0.7% |
| AGMI | Themes Silver Miners ETF | 22.5% | -4 bp | -0.6% |
| GOEX | Global X Gold Explorers ETF | 21.9% | +26 bp | -1.0% |
| AUAU | Global X Gold Miners ETF | 19.6% | -4 bp | -0.8% |
| CPAI | Counterpoint Quantitative Equity ETF | 15.4% | +36 bp | +2.5% |
| NANR | SPDR S&P North American Natural Resources ETF | 14.8% | -4 bp | +2.7% |
| GDX | VanEck Gold Miners ETF | 13.5% | +12 bp | -0.8% |
| FTWO | Strive FAANG 2.0 ETF | 12.2% | +10 bp | +0.2% |
Risk and Returns: RING vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/6/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.7%
ALTAR SCORE™
37th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 568 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.6%. RING's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places RING in the 37th percentile
among funds in the category.
Sell-Side Consensus
$98.91
PRICE TARGET
+13.4%
UPSIDE