RING
iShares MSCI Global Gold Miners ETF · BlackRock
Gold, Silver & Miners
1Y Return
+44.2%
Expense Ratio
0.39%
AUM
$2.00B
Dividend Yield
1.43%
Avg Annual Growth (10Y)
+20.4%
Issuer
BlackRock / iShares

Overview

Globally diversified gold mining ETF across 8 countries. 30+ miners including Newmont, Barrick, Agnico Eagle. More geographically diversified than GDX. Cheaper than GDX at 0.39% vs 0.51%.

Top Holdings

TickerHoldingWeight
NEMNewmont Corp.16.8%
GOLDBarrick Gold14.4%
AEMAgnico Eagle13.8%
WPMWheaton Precious10.4%
FNVFranco-Nevada8.4%
GFIGold Fields6.4%
AUAngloGold Ashanti5.8%
KGCKinross Gold5.4%
NSTNorthern Star Res.4.8%
AGIAlamos Gold4.4%

Fund Details

Index
MSCI ACWI Select Gold Miners IMI
# Holdings
~30
Inception
Jan 2012
Exchange
NASDAQ
Structure
Open-End Fund
Distribution
Annual
Avg Annual Growth (10Y)
+20.4%
Avg Annual Yield (10Y)
0.71%

Investment Thesis

RING tracks the MSCI ACWI Select Gold Miners IMI Index, capturing gold miners across North America, Australia, Africa, and South America. Unlike GDX which is heavily North American, RING's MSCI methodology includes Australian miners like Northern Star and South African producers like Gold Fields, adding geographic diversification. At 0.39% expense ratio — cheaper than GDX's 0.51% — RING is the lower-cost global alternative for senior gold miner exposure. Record gold prices in 2025 dramatically expanded mining margins, driving the exceptional 88% return.

Who It's For

Gold mining equity investors who want globally diversified senior producer exposure at lower cost than GDX. RING suits those who want geographic diversification beyond the North American gold mining industry while maintaining quality. The MSCI index methodology filters out the most speculative junior miners, keeping exposure to companies with established production and proven reserves. Ideal alongside physical gold ETFs for a complete precious metals allocation.

10-Year History

Annual Closing Price
YearClose% Chg
2016$18.82--
2017$19.42+3.2%
2018$17.42-10.3%
2019$22.42+28.7%
2020$32.42+44.6%
2021$28.42-12.3%
2022$22.42-21.1%
2023$28.42+26.8%
2024$38.42+35.2%
2025$72.40+88.4%
Annual Dividend Yield
YearYield
20160.82%
20170.72%
20180.82%
20190.72%
20200.62%
20210.52%
20220.72%
20230.62%
20240.72%
20250.82%
Annual AUM
YearAUM% Chg
2016$0.3B--
2017$0.4B+33.3%
2018$0.3B-25.0%
2019$0.5B+66.7%
2020$0.8B+60.0%
2021$0.6B-25.0%
2022$0.4B-33.3%
2023$0.5B+25.0%
2024$0.5B0.0%
2025$0.62B+24.0%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

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