Do RING and SLVP hold the same stocks?

By their latest filings, 28% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, RING or SLVP?

RING has 18% of its weight in S&P 500 names and SLVP has 5%, so RING differs more from the index.

Which is cheaper, RING or SLVP?

RING and SLVP both charge 0.39% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

RING vs SLVP: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, RING returned +28.4% to SLVP's +31.0%; 28% of their weight is in the same names.

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Net assets on Nov 4, 2026: $2.3bn for iShares MSCI Global Gold Miners ETF and $799m for iShares MSCI Global Silver and Metals Miners ETF.

RING on its own →SLVP on its own →

At a glance

17.6%

RING in the S&P 500

5.3%

SLVP in the S&P 500

+28.4%

RING total return, 1 year

+31.0%

SLVP total return, 1 year

RING · 1 year to Nov 4, 2026 82% of its weight is outside the S&P 500

18% of RING's weight is in S&P 500 companies and 82% is outside the index. Holdings as of Nov 3, 2026.

SLVP · 1 year to Nov 4, 2026 95% of its weight is outside the S&P 500

5% of SLVP's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

Both cost 0.39% a year; their one-year returns differ by 2.6 points; RING is 2.9 times larger.

Points (pts) are percentage points.

RING vs SLVP: Holdings Overlap & Returns
Measure	RING	SLVP
Return
Measure	RING	SLVP
Total return, 1 year	+28.4%	+31.0%
Drawdown
Measure	RING	SLVP
Below its all-time high	25.1%, high on Feb 27, 2026	33.0%, high on Feb 27, 2026
Against its benchmark
Measure	RING	SLVP
What it tracks	Gold miners	Silver miners
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 13.4 pts	ahead by 16.0 pts
Cost and size
Measure	RING	SLVP
Expense ratio	0.39%	0.39%
Net assets	$2.3bn	$799m
Holdings
Measure	RING	SLVP
Holdings in common	28%

Method

Risk and return

Feb 10, 2012 to Oct 30, 2026 · 768 weekly returns · each against ACWI

RING SLVP

Return

Total return edge RING +62.1% +45.6%

Annualized edge RING +3.3% +2.6%

Price return edge RING +35.2% +17.2%

Risk

Volatility edge RING (slight) 37.2% 41.1%

Max drawdown edge Tie −78.7% −79.5%

Downside capture 70.7% 95.0%

Beta 0.74 0.96

Risk-adjusted

Sharpe edge Tie 0.23 0.23

Sortino edge Tie 0.33 0.33

Treynor 0.114 0.097

Calmar edge RING (slight) 0.04 0.03

Against the benchmark

Alpha +1.2% a year 0.0% a year

Alpha t-stat 0.13 0.00

Information ratio −0.04 −0.01

Tracking error 35.6% 38.4%

Reading

From Feb 2012 to Oct 2026, RING returned more: +62.1% to +45.6%. RING swung slightly less: 37.2% to 41.1%. RING and SLVP fell about the same at their worst: −78.7% and −79.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: RING vs SLVP: Holdings Overlap & Returns
Measure	RING	SLVP	ACWI	Edge	How it is measured
Return
Total return	+62.1%	+45.6%	+358.7%	RING	Price change plus distributions, reinvested.
Annualized	+3.3%	+2.6%	+10.9%	RING	Total return as a yearly rate.
Price return	+35.2%	+17.2%	+243.4%	RING	Price change alone, distributions left out.
Risk
Volatility	37.2%	41.1%	15.3%	RING (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.4%	28.2%	10.7%	RING (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−78.7%	−79.5%	−32.1%	Tie	Deepest fall from a high to the low after it.
Upside capture	44.7%	69.7%	100.0%	SLVP	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	70.7%	95.0%	100.0%	RING	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.74	0.96	1.00	RING lower	How far it moves for each 1% its benchmark moves.
R squared	0.09	0.13	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.23	0.23	0.64	Tie	Return above Treasury bills per unit of volatility.
Sortino	0.33	0.33	0.91	Tie	Return above Treasury bills per unit of downside deviation.
Treynor	0.114	0.097	0.098	RING	Return above Treasury bills per unit of beta.
Calmar	0.04	0.03	0.34	RING (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	+1.2% a year	0.0% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.13	0.00		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.0% to +19.4%	−19.7% to +19.7%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.04	−0.01		SLVP	Return against its benchmark per unit of tracking error.
Tracking error	35.6%	38.4%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 768 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

28%

By the books each fund has filed, RING and SLVP hold 28% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first RING SLVP

NEWMONT 17.65% 5.32%

AGNICO EAGLE MINES 12.79% 4.99%

WHEATON PRECIOUS METALS 7.33% 4.78%

KINROSS GOLD 3.74% 2.44%

COEUR MINING 2.84% 1.64%

PAN AMERICAN SILVER 3.02% 1.63%

HARMONY GOLD MINING COMPANY LIMITE 1.92% 1.32%

ELDORADO GOLD 1.74% 1.19%

LUNDIN GOLD 1.59% 1.19%

SSR MINING 1.48% 1.04%

CHINA GOLD INTERNATIONAL RESOURCES 1.11% 0.99%

TOREX RESOURCES 1.27% 0.68%

Only in one fund ↓

Only in RING

BARRICK MINING 8.72%

GOLD FIELDS 4.51%

ANGLOGOLD ASHANTI PLC 4.40%

EQUINOX GOLD 2.47%

ALAMOS GOLD CLASS A 2.36%

IAMGOLD CORP 2.11%

ENDEAVOUR MINING 2.01%

B2GOLD 1.45%

Only in SLVP

HECLA MINING 13.56%

INDUST PENOLES 11.08%

FIRST MAJESTIC SILVER 10.21%

FRESNILLO PLC 8.30%

AYA GOLD & SILVER INC 5.25%

DISCOVERY MINING LTD 4.85%

ENDEAVOUR SILVER CORP 3.79%

SILVERCORP METALS INC 3.21%

Check overlap with more funds →

Window by window

Window by window: RING vs SLVP: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	RING	SLVP	RING	SLVP
3 months	+2.4%	−6.8%	+3.7 pts vs ACWI	−5.5 pts vs ACWI
6 months	−7.2%	−14.7%	−9.8 pts vs ACWI	−17.3 pts vs ACWI
1 year	+28.4%	+31.0%	+13.4 pts vs ACWI	+16.0 pts vs ACWI
3 years	+233.8%	+257.6%	+156.2 pts vs ACWI	+180.0 pts vs ACWI
Since launchRING Feb 2012 · SLVP Feb 2012	+74.0%	+53.4%	−293.7 pts vs ACWI	−314.3 pts vs ACWI

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Side by side

RING iShares MSCI Global Gold Miners ETF · Holds 41 stocks in gold miners, 18% of its weight in S&P 500 companies SLVP iShares MSCI Global Silver and Metals Miners ETF · Holds 37 stocks in silver miners, 5% of its weight in S&P 500 companies

Issuer iShares iShares

Theme Gold miners Silver miners

In the S&P 500 17.6% 5.3%

Active share vs the S&P 500 99.8% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 41 37

Top ten, share of the fund 67.5% 72.1%

Expense ratio 0.39% 0.39%

Fee for the differing part 0.39% 0.39%

Total return, 1 year +28.4% +31.0%

vs its benchmark +13.4 pts vs ACWI +16.0 pts vs ACWI

Below its high −25.1% −33.0%

Net assets $2.3bn $799m

As of Nov 4, 2026. Source: ETFIQ.

28% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

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.

SLVP

By weight, 5% of SLVP'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 72% of the fund across 37 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +31.0% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 16.0 pts. It sits 33.0% below its all-time high of Feb 27, 2026.

Questions people ask

Do RING and SLVP hold the same stocks?: By their latest filings, 28% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, RING or SLVP?: RING has 18% of its weight in S&P 500 names and SLVP has 5%, so RING differs more from the index.
Which is cheaper, RING or SLVP?: RING and SLVP both charge 0.39% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

RING vs SILJ RING vs SIL RING vs AGMI RING vs SGDM SLVP vs AUAU SLVP vs SGDM SLVP vs SGDJ SLVP vs GDMN

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →RING on its own →SLVP on its own →RING dividend history →RING holdings →SLVP dividend history →SLVP holdings →Method →Standards and sources →

Sources and dates

RING and SLVP filings on SEC EDGAR ↗

RING and SLVP prospectus with the expense ratio (SEC) ↗

iShares page for RING ↗

iShares page for SLVP ↗

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, RING against SLVP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ring-vs-slvp

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.