RING vs SLVR

RINGBiShares MSCI Global Gold Miners ETF

SLVRDSprott Silver Miners & Physical Silver ETF

In short

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.

SLVR Most silver funds make you choose: the metal or the miners. SLVR holds both, tracking an index of silver-mining companies alongside physical-silver trusts, in a peer group where 'precious metals miners' usually means gold.

Stated mandate

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.

SLVR The Fund seeks to track an index focused on silver-mining companies and physical-silver trusts. It normally invests at least 80% of total assets in securities of that index.

Why people hold it

• 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.

• SLVR One wrapper, both sides of the silver trade: the index blends silver miners with physical-silver trusts, and at least 80% of assets normally sit in it.
• Genuinely silver-first. Much of its cohort (RING, GDX, GDXJ) is built around gold miners, with silver as an afterthought.
• The portfolio hews closely to the index it promises, with little style drift, and spreads across roughly 80 miners and metal trusts.

Worth knowing

• 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.

• SLVR At 0.65% a year, it costs more than the typical fund in its group. AGMI (0.35%) and SLVP (0.39%) cover silver miners for less.
• One metal, one industry. Miner shares tend to amplify silver's swings in both directions, and this book is concentrated.
• Launched in 2025, so the track record is short. Volume is moderate rather than heavy, and cash comes back once or twice a year, not monthly.

Full RING profile⁠

Full SLVR profile⁠