AUMI vs RING

AUMIBThemes Gold Miners ETF

RINGBiShares MSCI Global Gold Miners ETF

In short

AUMI Gold miners with the blends stripped out. AUMI tracks an index of roughly 30 large miners that must earn at least 90% of revenue from gold, and it charges less than the typical fund in its group.

RING The low-fee way to own the gold diggers. RING holds roughly 40 gold mining companies worldwide for 0.39% a year, undercutting most funds in its niche, and it has been running that playbook since 2012.

Stated mandate

AUMI The Fund seeks to track, before fees and expenses, an index of companies active in the gold mining industry. It uses a passive/indexing approach to pursue that objective.

RING The Fund seeks to track, before fees and expenses, the price and yield performance of the Solactive Global Gold Explorers & Developers Total Return Index. It invests at least 80% of total assets in securities of companies economically tied to gold exploration.

Why people hold it

• AUMI The "pure" in the index name is a rule: members must generate at least 90% of revenue from gold mining, so copper-and-gold conglomerates and diversified diggers stay out.solactive.comthemesetfs.com
• A 0.35% fee undercuts the peer-group median and the category's household names, VanEck's GDX (0.51%) and iShares' RING (0.39%).
• Roughly 30 names, free-float weighted, rebuilt on a set schedule: a concentrated, rules-based way to own the diggers rather than the metal.solactive.com

• RING At 0.39% a year it charges less than the typical gold-miner fund, and less than VanEck's GDX and GDXJ, the category's best-known names.ishares.com
• Pure play by design: the index targets companies primarily in the business of gold mining, so you get miners rather than a mixed metals-and-materials basket.ishares.com
• The mandate is global, not US-only, so the portfolio can reach gold producers listed across developed and emerging markets.ishares.com
• Live since 2012, a multi-billion-dollar fund that trades actively, and one of the strongest builds in its precious-metals miner peer group.

Worth knowing

• AUMI Thinly traded and small next to the group's giants, so bid-ask spreads can be wider and big orders can push the price.
• Concentrated by design and non-diversified: about 30 miners, one commodity, plus mine-level risks like costs, permits and politics.themesetfs.com
• Launched in December 2023, so the live track record is short, and cash comes back once or twice a year rather than monthly.

• RING Roughly 40 stocks in a single industry. The largest miners carry real weight, so one company's bad quarter is felt across the fund.ishares.com
• This is mining equity, not bullion. Alongside the gold price you take on company execution, mine geology, labor and country risk.ishares.com
• Income is an afterthought here: distributions come once or twice a year, not monthly.

Full AUMI profile⁠

Full RING profile⁠