TBLL vs RING

Comparison between INVESCO SHORT TERM TREASURY ETF (TBLL, ETF) and ISHARES MSCI GLOBAL GOLD MINERS ETF (RING, ETF).

5-Year PerformanceRING has outperformed TBLL, delivering a return of +24.1% compared to +3.3%

TBLL vs RING - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TBLL(ETF)	RING(ETF)
Net Assets	$2.90B	$2.90B
Expense Ratio	0.08%	0.39%
Max Drawdown	1.30%	80.20%
Sharpe Ratio	1.51	1.76
5Y Beta	-0.00	0.72
5Y Dividends CAGR	59.75%	22.59%

Net Assets

TBLL

$2.90B

RING

$2.90B

Expense Ratio

Winner

TBLL

0.08%

RING

0.39%

Max Drawdown

Winner

TBLL

1.30%

RING

80.20%

Sharpe Ratio

TBLL

1.51

Winner

RING

1.76

5Y Beta

Winner

TBLL

-0.00

RING

0.72

5Y Dividends CAGR

Winner

TBLL

59.75%

RING

22.59%

TBLL vs RING - Historical Returns

Returns include dividend reinvestment.

Period	TBLL	RING
1 month	+0.30%	-1.19%
3 months	+0.84%	-6.27%
6 months	+1.78%	+29.85%
1 year	+3.97%	+119.67%
5 years(CAGR)	+3.31%	+24.14%
10 years(CAGR)	+2.37%	+16.22%
Max(CAGR)	+2.37%	+4.91%

Winner

TBLL

+0.30%

RING

-1.19%

Winner

TBLL

+0.84%

RING

-6.27%

TBLL

+1.78%

Winner

RING

+29.85%

TBLL

+3.97%

Winner

RING

+119.67%

5Y(CAGR)

TBLL

+3.31%

Winner

RING

+24.14%

10Y(CAGR)

TBLL

+2.37%

Winner

RING

+16.22%

Max(CAGR)

TBLL

+2.37%

Winner

RING

+4.91%

TBLL vs RING - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	TBLL	RING
2026	+1.18%	+15.39%
2025	+4.21%	+153.99%
2024	+5.11%	+18.15%
2023	+4.98%	+7.89%
2022	+1.12%	-13.64%
2021	-0.02%	-14.07%
2020	+0.87%	+25.24%
2019	+2.16%	+49.36%
2018	+1.83%	-15.61%
2017	+0.62%	+6.03%
2016	N/A	+53.92%
2015	N/A	-27.59%
2014	N/A	-20.43%
2013	N/A	-53.26%
2012	N/A	-23.54%

TBLL vs RING Drawdown Comparison

The maximum drawdown for TBLL was -0.63%, occurring on Feb 14, 2022. Recovery took 631 trading sessions.

The maximum drawdown for RING was -79.47%, occurring on Nov 17, 2015. Recovery took 3337 trading sessions.

The current RING drawdown is -14.62%.

Rank	TBLL	RING
#1	-0.63% May 11, 2020 - Nov 9, 2022	-79.47% Feb 23, 2012 - Jun 2, 2025
#2	-0.52% Mar 18, 2020 - May 11, 2020	-30.11% Feb 27, 2026 - Mar 20, 2026
#3	-0.36% Sep 28, 2023 - Oct 20, 2023	-19.22% Oct 16, 2025 - Dec 11, 2025
#4	-0.18% Dec 19, 2023 - Dec 21, 2023	-18.47% Jan 28, 2026 - Feb 26, 2026
#5	-0.17% Apr 1, 2019 - Apr 4, 2019	-6.55% Dec 26, 2025 - Jan 6, 2026
#6	-0.16% Sep 24, 2018 - Oct 22, 2018	-6.34% Jun 13, 2025 - Jul 22, 2025
#7	-0.15% Dec 19, 2019 - Jan 23, 2020	-5.29% Jul 22, 2025 - Aug 4, 2025
#8	-0.14% Mar 13, 2020 - Mar 18, 2020	-5.02% Feb 2, 2012 - Feb 23, 2012
#9	-0.11% Dec 4, 2018 - Dec 7, 2018	-4.54% Oct 8, 2025 - Oct 13, 2025
#10	-0.10% Nov 10, 2022 - Nov 14, 2022	-4.32% Jun 2, 2025 - Jun 13, 2025
#11	-0.10% Nov 13, 2017 - Nov 28, 2017	-2.96% Aug 15, 2025 - Aug 21, 2025
#12	-0.10% Aug 17, 2018 - Aug 22, 2018	-2.61% Sep 15, 2025 - Sep 19, 2025
#13	-0.09% Nov 6, 2023 - Nov 9, 2023	-2.54% Sep 23, 2025 - Sep 26, 2025
#14	-0.08% Dec 15, 2023 - Dec 19, 2023	-1.99% Oct 6, 2025 - Oct 8, 2025
#15	-0.08% Jul 11, 2024 - Jul 15, 2024	-1.89% Dec 11, 2025 - Dec 19, 2025

Correlation

Correlation between TBLL and RING is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2012 - 2026)

TBLL vs RING dividend yield comparison.

Year	TBLL	RING
2026	1.15%	0.00%
2025	4.08%	0.84%
2024	4.99%	1.43%
2023	4.63%	2.01%
2022	1.37%	2.29%
2021	0.03%	2.38%
2020	0.80%	0.83%
2019	2.08%	0.83%
2018	1.69%	0.70%
2017	0.71%	0.42%
2016	0.00%	1.41%
2015	0.00%	0.96%
2014	0.00%	0.85%
2013	0.00%	1.49%
2012	0.00%	0.98%