Goldman Sachs Physical Gold ETF (AAAU)
The Goldman Sachs ActiveBeta Gold ETF (AAAU) is a passively managed exchange-traded fund (ETF) that seeks to track the investment results of the LBMA Gold PM Price. The LBMA Gold PM Price is a benchmark for the pricing of gold, which is used to set the price for gold transactions between wholesale market participants. The AAAU ETF holds physical gold bars and other gold securities without numismatic value, meaning they are not collectible coins with value beyond their gold content.
The AAAU ETF was launched on July 26, 2018, with an expense ratio of 0.18% and is managed by Goldman Sachs Asset Management. The fund might be suitable for investors looking for a low-cost way to gain exposure to the gold market and want to use it to diversify their portfolio, as gold is often seen as a hedge against inflation and economic uncertainty.
ETF Info
| ISIN | US7154261025 |
|---|---|
| CUSIP | 38150K103 |
| Issuer | Goldman Sachs |
| Inception Date | Jul 26, 2018 |
| Region | Global (Broad) |
| Category | Precious Metals, Gold |
| Index Tracked | LBMA Gold PM Price |
| ETF Home Page | www.gsam.com |
| Asset Class | Commodity |
Expense Ratio
The Goldman Sachs Physical Gold ETF features an expense ratio of 0.18%, falling within the medium range.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Physical Gold ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: AAAU vs. GLD, AAAU vs. IAU, AAAU vs. GLDM, AAAU vs. SGOL, AAAU vs. BAR, AAAU vs. GDX, AAAU vs. VOO, AAAU vs. SPY, AAAU vs. SLV, AAAU vs. GOLD
Return
Goldman Sachs Physical Gold ETF had a return of 0.17% year-to-date (YTD) and 9.82% in the last 12 months. Over the past 10 years, Goldman Sachs Physical Gold ETF had an annualized return of 8.86%, while the S&P 500 benchmark had an annualized return of 8.69%, indicating that Goldman Sachs Physical Gold ETF performed slightly bigger than the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -5.77% | -5.04% |
| 6 months | -7.97% | 3.97% |
| Year-To-Date | 0.17% | 11.69% |
| 1 year | 9.82% | 19.60% |
| 5 years (annualized) | 8.66% | 8.12% |
| 10 years (annualized) | 8.86% | 8.69% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 7.89% | 0.92% | -1.32% | -2.21% | 2.26% | -1.23% | -4.78% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Physical Gold ETF (AAAU) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.71 | ||||
^GSPC S&P 500 | 1.04 |
Dividend History
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Goldman Sachs Physical Gold ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Goldman Sachs Physical Gold ETF is 21.63%, recorded on Sep 26, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.63% | Aug 7, 2020 | 538 | Sep 26, 2022 | — | — | — |
| -12.43% | Mar 10, 2020 | 8 | Mar 19, 2020 | 15 | Apr 9, 2020 | 23 |
| -6.51% | Sep 5, 2019 | 60 | Nov 27, 2019 | 25 | Jan 6, 2020 | 85 |
| -5.22% | Feb 20, 2019 | 51 | May 2, 2019 | 29 | Jun 13, 2019 | 80 |
| -5.01% | Feb 25, 2020 | 4 | Feb 28, 2020 | 4 | Mar 5, 2020 | 8 |
Volatility Chart
The current Goldman Sachs Physical Gold ETF volatility is 2.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IAU | Jan 28, 2005 | 0.25% | 0.1% | 3.2% | 0.0% | -45.1% | 0.7 | 1.3 | 1.1 | 0.9 | 4.3% |