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iShares Gold Trust (IAU)
Risk-Adjusted Performance

ETF Info

Inception DateJan 28, 2005
CategoryPrecious Metals, Gold
Index TrackedGold Bullion
Home Pagewww.ishares.com
Asset ClassCommodity

Expense Ratio

IAU has a high expense ratio of 0.25%, indicating higher-than-average management fees.

Expense ratio chart for IAU: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Gold Trust

Popular comparisons: IAU vs. GLD, IAU vs. IAUM, IAU vs. GLDM, IAU vs. IAUF, IAU vs. AAAU, IAU vs. GDX, IAU vs. SGOL, IAU vs. VOO, IAU vs. DBC, IAU vs. EMB


Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares Gold Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

IAU (iShares Gold Trust)
Benchmark (^GSPC)

S&P 500

Returns By Period

iShares Gold Trust had a return of 12.81% year-to-date (YTD) and 20.04% in the last 12 months. Over the past 10 years, iShares Gold Trust had an annualized return of 5.69%, while the S&P 500 had an annualized return of 10.85%, indicating that iShares Gold Trust did not perform as well as the benchmark.

1 month-4.05%3.37%
6 months14.63%16.79%
1 year20.04%25.03%
5 years (annualized)10.58%13.26%
10 years (annualized)5.69%10.85%

Monthly Returns

The table below presents the monthly returns of IAU, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of IAU is 68, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of IAU is 6868
IAU (iShares Gold Trust)
The Sharpe Ratio Rank of IAU is 6565Sharpe Ratio Rank
The Sortino Ratio Rank of IAU is 6464Sortino Ratio Rank
The Omega Ratio Rank of IAU is 6565Omega Ratio Rank
The Calmar Ratio Rank of IAU is 7272Calmar Ratio Rank
The Martin Ratio Rank of IAU is 7272Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for iShares Gold Trust (IAU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio
The chart of Sharpe ratio for IAU, currently valued at 1.43, compared to the broader market0.
Sortino ratio
The chart of Sortino ratio for IAU, currently valued at 2.07, compared to the broader market0.005.0010.002.07
Omega ratio
The chart of Omega ratio for IAU, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.003.501.26
Calmar ratio
The chart of Calmar ratio for IAU, currently valued at 1.52, compared to the broader market0.005.0010.0015.0020.001.52
Martin ratio
The chart of Martin ratio for IAU, currently valued at 6.94, compared to the broader market0.0020.0040.0060.0080.00100.006.94
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.17, compared to the broader market0.
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.07, compared to the broader market0.005.0010.003.07
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market0.501.001.502.002.503.003.501.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.73, compared to the broader market0.005.0010.0015.0020.001.73
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.12, compared to the broader market0.0020.0040.0060.0080.00100.008.12

Sharpe Ratio

The current iShares Gold Trust Sharpe ratio is 1.43. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of iShares Gold Trust with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.002024FebruaryMarchAprilMayJune
IAU (iShares Gold Trust)
Benchmark (^GSPC)


Dividend History

iShares Gold Trust doesn't pay dividends


Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

IAU (iShares Gold Trust)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the iShares Gold Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Gold Trust was 45.14%, occurring on Dec 2, 2015. Recovery took 1169 trading sessions.

The current iShares Gold Trust drawdown is 4.05%.



To Bottom


To Recover



-45.14%Aug 23, 20111077Dec 2, 20151169Jul 27, 20202246
-29.23%Mar 18, 2008168Nov 12, 2008211Sep 16, 2009379
-21.99%May 12, 200623Jun 14, 2006317Sep 18, 2007340
-21.63%Aug 7, 2020538Sep 26, 2022315Dec 27, 2023853
-12.71%Dec 3, 200945Feb 8, 201064May 11, 2010109


Volatility Chart

The current iShares Gold Trust volatility is 5.60%, 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.

IAU (iShares Gold Trust)
Benchmark (^GSPC)