Data as of .
RING vs SGDM: which is really different?
RING and SGDM hold 57% of their weight in the same names, and RING returned more over the year.
ETFIQ Off-Index Score: RING scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
57% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, RING and SGDM hold 57% of their money in the same securities at the same weight.
| Holding | RING | SGDM |
|---|---|---|
| AGNICO EAGLE MINES | 12.29% | 9.67% |
| NEWMONT | 16.36% | 7.42% |
| BARRICK MINING | 8.16% | 7.36% |
| WHEATON PRECIOUS METALS | 7.58% | 7.22% |
| KINROSS GOLD | 4.25% | 4.47% |
| COEUR MINING | 3.38% | 3.57% |
| PAN AMERICAN SILVER | 3.18% | 3.69% |
| IAMGOLD CORP | 2.24% | 3.14% |
| ENDEAVOUR MINING | 2.11% | 3.30% |
| ANGLOGOLD ASHANTI PLC | 4.28% | 1.74% |
| LUNDIN GOLD | 1.38% | 3.19% |
| CENTERRA GOLD | 1.31% | 2.60% |
| Only in RING | Only in SGDM |
|---|---|
| HARMONY GOLD MINING COMPANY LIMITE 1.97% | Franco-Nevada Corp. 6.04% |
| GENESIS MINERALS 1.38% | Harmony Gold Mining Co. Ltd. 3.12% |
| CHINA GOLD INTERNATIONAL RESOURCES 1.37% | DPM Metals Inc. 2.90% |
| ZIJIN GOLD INTERNATIONAL LTD 1.30% | OR Royalties Inc. 2.72% |
| PAN AFRICAN RESOURCES PLC 0.86% | Triple Flag Precious Metals Corp. 2.68% |
| HOCHSCHILD MINING PLC 0.83% | Discovery Mining Ltd. 2.58% |
| REGIS RESOURCES 0.83% | K92 Mining Inc. 2.58% |
| WESTGOLD RESOURCES 0.77% | Allied Gold Corp. 2.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| RING | SGDM | RING | SGDM | RING | SGDM | |
| 3 months | +17.9% | +17.8% | +15.6 pts | +15.5 pts | +20.3 pts | +20.3 pts |
| 6 months | +21.9% | +20.2% | +3.9 pts | +2.2 pts | −2.3 pts | −4.0 pts |
| 1 year | +45.3% | +43.7% | +28.7 pts | +27.1 pts | +23.5 pts | +21.9 pts |
| 3 years | +286.7% | +234.7% | +208.3 pts | +156.3 pts | +188.5 pts | +136.6 pts |
| Since launch | +97.9% | +261.2% | −543.5 pts | −112.7 pts | −1138.6 pts | −467.4 pts |
| RING iShares MSCI Global Gold Miners ETF Holds 55 stocks in gold miners, 16% of its weight in S&P 500 companies | SGDM Sprott Gold Miners ETF Holds 48 stocks in gold miners, 7% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | Sprott |
| Theme | Gold miners | Gold miners |
| In the S&P 500 | 16.4% | 7.4% |
| Active share vs the S&P 500 | 99.8% | 99.8% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 55 | 48 |
| Top ten, share of the fund | 67.0% | 55.9% |
| Expense ratio | 0.39% | 0.46% |
| Fee for the differing part | 0.39% | 0.46% |
| Total return, 1 year | +45.3% | +43.7% |
| vs the S&P 500 | +28.7 pts | +27.1 pts |
| vs the Nasdaq-100 | +23.5 pts | +21.9 pts |
| Below its high | −14.8% | −15.9% |
| Net assets | $2.5bn | $713m |
RING in plain words
By weight, 16% 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 67% of the fund across 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +45.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 28.7 pts. It sits 14.8% below its all-time high of Feb 27, 2026.
SGDM in plain words
By weight, 7% of SGDM'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 56% of the fund across 48 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +43.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 27.1 pts. It sits 15.9% below its all-time high of Mar 2, 2026.
Questions people ask
- Do RING and SGDM hold the same stocks?
- By their latest filings, 57% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, RING or SGDM?
- RING has 16% of its weight in S&P 500 names and SGDM has 7%, so RING differs more from the index.
- Which is cheaper, RING or SGDM?
- RING charges 0.39% a year and SGDM charges 0.46%, so RING is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, RING against SGDM, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ring-vs-sgdm Free to use with attribution; the underlying files are at Open data.