A configurable ring oscillator is operated in a first configuration so that an oscillating signal passes from a first node to a second node through a first signal path. A first measurement of an operational characteristic is made. The ring oscillator is operated in a second configuration where an oscillating signal passes from the first node to the second node through a second signal path. A second measurement is made. The first and second measurements are used to determine a circuit simulator parameter. If the first path has little interconnect and the second path has substantial interconnect, then the effect on circuit operation due to interconnect loading can be isolated from the effects on circuit operation due to variations in transistor performance. If the first and second paths are laid out to be identical, then the first and second measurements are usable to determine a circuit simulator mismatch parameter.