The MSCI Global Gold Miners ETF fund is an exchange traded fund (ETF) within the iShares family. There is at least 1 fund that is incredibly highly correlated with RING.

Within the iShares family of funds, the most positively correlated other funds are MSCI Global Silver Miners ETF, Gold Trust, Silver Trust, MSCI Chile Capped ETF, MSCI All Peru Capped ETF.

Outside of the iShares family, the most positively correlated other funds are PowerShares - Global Gold and Precious Metals Portfolio, PowerShares - DB Gold Fund, SPDR - Gold Shares, PowerShares - DB Precious Metals Fund, Vanguard Mutual Funds - Precious Metals and Mining.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to iShares's MSCI Global Gold Miners ETF fund: PowerShares - Global Gold and Precious Metals Portfolio. The correlation between their daily movements is 99.8%.

Performance for the previous 2 years


Positively Correlated iShares ETFs
SLVP iShares MSCI Global Silver Miners ETF 98.6%
IAU iShares Gold Trust 98.0%
SLV iShares Silver Trust 97.1%
ECH iShares MSCI Chile Capped ETF 89.2%
EPU iShares MSCI All Peru Capped ETF 86.9%
Negatively Correlated iShares funds
IAK iShares U.S. Insurance ETF -92.5%
IYG iShares U.S. Financial Services ETF -92.4%
RXI iShares Global Consumer Discretionary ETF -92.3%
IYF iShares U.S. Financials ETF -91.9%
IAI iShares U.S. Broker-Dealers ETF -91.2%

Positively Correlated Non-iShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio 99.8%
DGL PowerShares DB Gold Fund 98.2%
GLD SPDR Gold Shares 98.1%
DBP PowerShares DB Precious Metals Fund 98.0%
VGPMX Vanguard Mutual Funds Precious Metals and Mining 98.0%
Negatively Correlated Non-iShares funds
PEJ PowerShares Dynamic Leisure and Entertainment Portfolio -93.1%
PEZ PowerShares DWA Consumer Cyclicals Momentum Portfolio -92.3%
KIE SPDR S&P Insurance -92.0%
XLF SPDR Financial Select Sector Fund -91.9%
VFH Vanguard Financials -91.8%

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