UCON vs RING

Comparison between FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF (UCON, ETF) and ISHARES MSCI GLOBAL GOLD MINERS ETF (RING, ETF).

5-Year PerformanceRING has outperformed UCON, delivering a return of +23.6% compared to +2.8%

UCON vs RING - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UCON(ETF)	RING(ETF)
Net Assets	$3.20B	$3.20B
Expense Ratio	0.86%	0.39%
Max Drawdown	15.31%	80.20%
Sharpe Ratio	0.73	1.65
5Y Beta	0.03	0.72
5Y Dividends CAGR	7.96%	22.59%

Net Assets

UCON

$3.20B

RING

$3.20B

Expense Ratio

UCON

0.86%

Winner

RING

0.39%

Max Drawdown

Winner

UCON

15.31%

RING

80.20%

Sharpe Ratio

UCON

0.73

Winner

RING

1.65

5Y Beta

Winner

UCON

0.03

RING

0.72

5Y Dividends CAGR

UCON

7.96%

Winner

RING

22.59%

UCON vs RING - Historical Returns

Returns include dividend reinvestment.

Period	UCON	RING
1 month	+0.52%	-2.62%
3 months	+0.13%	-6.34%
6 months	+1.41%	+33.43%
1 year	+6.00%	+102.39%
5 years(CAGR)	+2.81%	+23.58%
10 years(CAGR)	N/A	+16.64%
Max(CAGR)	+3.74%	+4.68%

Winner

UCON

+0.52%

RING

-2.62%

Winner

UCON

+0.13%

RING

-6.34%

UCON

+1.41%

Winner

RING

+33.43%

UCON

+6.00%

Winner

RING

+102.39%

5Y(CAGR)

UCON

+2.81%

Winner

RING

+23.58%

10Y(CAGR)

UCON

N/A

RING

+16.64%

Max(CAGR)

UCON

+3.74%

Winner

RING

+4.68%

UCON vs RING - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	UCON	RING
2026	+0.66%	+11.79%
2025	+7.00%	+153.99%
2024	+4.90%	+18.15%
2023	+7.67%	+7.89%
2022	-5.72%	-13.64%
2021	+1.05%	-14.07%
2020	+6.67%	+25.24%
2019	+7.13%	+49.36%
2018	+1.11%	-15.61%
2017	N/A	+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%

UCON vs RING Drawdown Comparison

The maximum drawdown for UCON was -15.31%, occurring on Mar 18, 2020. Recovery took 83 trading sessions.

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

The current UCON drawdown is -0.51%. The current RING drawdown is -17.29%.

Rank	UCON	RING
#1	-15.31% Mar 5, 2020 - Jul 2, 2020	-79.47% Feb 23, 2012 - Jun 2, 2025
#2	-9.60% Sep 14, 2021 - Dec 14, 2023	-30.11% Feb 27, 2026 - Mar 20, 2026
#3	-2.45% Feb 26, 2026 - Mar 26, 2026	-19.22% Oct 16, 2025 - Dec 11, 2025
#4	-1.70% Feb 1, 2024 - May 15, 2024	-18.47% Jan 28, 2026 - Feb 26, 2026
#5	-1.67% Sep 24, 2024 - Feb 24, 2025	-6.55% Dec 26, 2025 - Jan 6, 2026
#6	-1.53% Mar 3, 2025 - May 30, 2025	-6.34% Jun 13, 2025 - Jul 22, 2025
#7	-1.12% Nov 9, 2018 - Jan 10, 2019	-5.29% Jul 22, 2025 - Aug 4, 2025
#8	-1.07% Feb 11, 2021 - May 26, 2021	-5.02% Feb 2, 2012 - Feb 23, 2012
#9	-0.96% Sep 4, 2019 - Oct 1, 2019	-4.54% Oct 8, 2025 - Oct 13, 2025
#10	-0.88% Feb 24, 2020 - Mar 3, 2020	-4.32% Jun 2, 2025 - Jun 13, 2025
#11	-0.87% Dec 28, 2023 - Jan 12, 2024	-2.96% Aug 15, 2025 - Aug 21, 2025
#12	-0.83% Oct 13, 2020 - Nov 5, 2020	-2.61% Sep 15, 2025 - Sep 19, 2025
#13	-0.75% Oct 28, 2025 - Nov 25, 2025	-2.54% Sep 23, 2025 - Sep 26, 2025
#14	-0.73% May 15, 2024 - Jun 4, 2024	-1.99% Oct 6, 2025 - Oct 8, 2025
#15	-0.73% Feb 19, 2019 - Mar 6, 2019	-1.89% Dec 11, 2025 - Dec 19, 2025

Correlation

Correlation between UCON and RING is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2012 - 2026)

UCON vs RING dividend yield comparison.

Year	UCON	RING
2026	1.44%	0.00%
2025	4.63%	0.84%
2024	4.95%	1.43%
2023	4.75%	2.01%
2022	3.12%	2.29%
2021	2.20%	2.38%
2020	3.14%	0.83%
2019	3.25%	0.83%
2018	1.76%	0.70%
2017	0.00%	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%