Data as of Nov 4, 2026.
GDMN vs RING: Holdings Overlap & Returns
Over the year to Nov 4, 2026, GDMN returned +11.8% to RING's +28.4%; 63% of their weight is in the same names.
askIQ about this page
askIQ about GDMN and RING
Net assets: $221m on Aug 31, 2026 for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund, and $2.3bn on Nov 4, 2026 for iShares MSCI Global Gold Miners ETF.
12% of GDMN's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Aug 31, 2026.
18% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
RING costs 0.06 points a year less; their one-year returns differ by 16.6 points.
Points (pts) are percentage points.
| Measure | GDMN | RING |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.8% | +28.4% |
| Drawdown | ||
| Below its all-time high | 44.7%, high on Jan 28, 2026 | 25.1%, high on Feb 27, 2026 |
| Against its benchmark | ||
| What it tracks | Gold miners | Gold miners |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | ahead by 13.4 pts | |
| Cost and size | ||
| Expense ratio | 0.45% | 0.39% |
| Net assets, GDMN as of Aug 31, 2026 and RING as of Nov 4, 2026 | $221m | $2.3bn |
| Holdings | ||
| Holdings in common | 63% | |
Risk and return
Dec 23, 2021 to Oct 30, 2026 · 253 weekly returnsFrom Dec 2021 to Oct 2026, GDMN returned more: +219.2% to +174.7%. RING swung less: 39.7% to 49.2%. RING fell slightly less at its worst: −46.4% to −50.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GDMN | RING | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +219.2% | +174.7% | GDMN | Price change plus distributions, reinvested. |
| Annualized | +26.9% | +23.1% | GDMN | Total return as a yearly rate. |
| Price return | +142.4% | +155.2% | RING (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 49.2% | 39.7% | RING | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 31.2% | 25.0% | RING | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −50.9% | −46.4% | RING (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.65 | 0.62 | GDMN (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.02 | 0.98 | GDMN (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.53 | 0.50 | GDMN (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 253 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GDMN and RING hold 63% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
63% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GDMN | RING | GDMN | RING |
| 3 months | −5.4% | +2.4% | not measured | +3.7 pts vs ACWI |
| 6 months | −22.4% | −7.2% | not measured | −9.8 pts vs ACWI |
| 1 year | +11.8% | +28.4% | not measured | +13.4 pts vs ACWI |
| 3 years | +294.4% | +233.8% | not measured | +156.2 pts vs ACWI |
| Since launchNot the same days: GDMN Dec 2021 · RING Feb 2012 | +269.7% | +74.0% | not measured | −293.7 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
63% of the two portfolios are the same securities at the same weight.
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
GDMN
By weight, 12% of GDMN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 55% of the fund across 54 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +11.8% with distributions reinvested. It sits 44.7% below its all-time high of Jan 28, 2026.
RING
By weight, 18% of RING's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 68% of the fund across 41 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +28.4% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 13.4 pts. It sits 25.1% below its all-time high of Feb 27, 2026.
Questions people ask
- Do GDMN and RING hold the same stocks?
- By their latest filings, 63% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, GDMN against RING, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdmn-vs-ring
ETFIQ. (Nov 4, 2026). GDMN against RING. Retrieved from https://etfiq.com/compare/themes/gdmn-vs-ring
[GDMN against RING (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/gdmn-vs-ring)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.