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
| Ticker | Holding | Weight |
|---|---|---|
| NEM | Newmont Corp. | 16.8% |
| GOLD | Barrick Gold | 14.4% |
| AEM | Agnico Eagle | 13.8% |
| WPM | Wheaton Precious | 10.4% |
| FNV | Franco-Nevada | 8.4% |
| GFI | Gold Fields | 6.4% |
| AU | AngloGold Ashanti | 5.8% |
| KGC | Kinross Gold | 5.4% |
| NST | Northern Star Res. | 4.8% |
| AGI | Alamos Gold | 4.4% |
Fund Details
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
| Year | Close | % 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% |
| Year | Yield |
|---|---|
| 2016 | 0.82% |
| 2017 | 0.72% |
| 2018 | 0.82% |
| 2019 | 0.72% |
| 2020 | 0.62% |
| 2021 | 0.52% |
| 2022 | 0.72% |
| 2023 | 0.62% |
| 2024 | 0.72% |
| 2025 | 0.82% |
| Year | AUM | % 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 | $0.5B | 0.0% |
| 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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