Snapshot*
Top 10 Holdings
What is RING?
The iShares MSCI Global Gold Miners ETF seeks to track the investment results of an index composed of global equities of companies primarily engaged in the business of gold mining. Exposure to companies that derive the majority of their revenues from gold mining.
ETFs related toRING
ETFs correlated to RING include NUGT, GDX, GDXU
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toRING
Diversify with Gold & the Dollar
Stoic Finance Presents: Inflation Spiral Hedge
Create your own algorithmic trading strategy with RING using Composer
News Related to RING
Gold Miners Go Parabolic: GDX Hits 2012 Highs, Newmont Soars 9%
Apr 11, 2025 • by Chandrima Sanyal
JPMorgan's Mining Stock Picks For A 'V-Shaped Recovery,' Analyst Sees 50% Returns Over Two Years
Apr 9, 2025 • by Surbhi Jain
Elliott Investment Management Buys Wolfspeed Stock, Bets Against Nvidia In Q4
Feb 19, 2025 • by Adam Eckert
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.