RING vs. GDX ETF Comparison

Comparison of iShares MSCI Global Gold Miners Fund (RING) to Market Vectors Gold Miners ETF (GDX)

RING

iShares MSCI Global Gold Miners Fund

RING Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Gold Miners Investable Market Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities of companies primarily engaged in the business of gold mining in both developed and emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.84

Average Daily Volume

117,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GDX

Market Vectors Gold Miners ETF

GDX Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts of companies involved in the gold mining industry. Such companies may include medium-capitalization companies and foreign issuers. The fund normally invests at least 80% of its total assets in securities that comprise the Gold Miners Index. It may also utilize convertible securities and participation notes to seek performance that corresponds to the Gold Miners Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.75

Average Daily Volume

27,226,606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RING	GDX
30 Days	14.80%	16.14%
60 Days	26.60%	25.65%
90 Days	23.01%	21.89%
12 Months	3.91%	0.66%

5 Overlapping Holdings

Symbol	Grade	Weight in RING	Weight in GDX	Overlap
BVN	B	1.91%	1.64%	1.64%
CDE	A	1.48%	0.73%	0.73%
GOLD	A	12.5%	8.03%	8.03%
IAG	A	1.42%	0.73%	0.73%
NEM	A	18.27%	11.42%	11.42%

RING Overweight 1 Positions Relative to GDX

	Symbol	Grade	Weight
	AU	A	5.12%

RING Underweight 6 Positions Relative to GDX

Symbol	Grade	Weight
GFI	A	-5.15%
RGLD	A	-3.16%
HMY	A	-2.24%
HL	A	-1.36%
FSM	A	-0.57%
DRD	B	-0.3%

RING: Top Represented Industries & Keywords

Industries: Gold Industrial Metals & Minerals

Keywords: Mining Gold Copper Acid Electrical Transmission Gold Mining Iamgold Lead Metals S&P 500 Silver Silver Mining In The United States Sulfur Uranium Zinc

GDX: Top Represented Industries & Keywords

Industries: Gold Industrial Metals & Minerals Silver