- ISIN
- US46436F1030
- CUSIP
- 46436F103
- Issuer
- iShares
- Inception Date
- Jun 15, 2021
- Category
- Gold, Precious Metals
- Leveraged
- 1x (No leverage)
- Index Tracked
- LBMA Gold Price PM
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $6B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $77.88M
Share Price Chart
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Performance
IAUM Performance Chart
iShares Gold Trust Micro (IAUM) is down 6.1% since the beginning of the year. IAUM is currently trading at $40 per share. Investors who bought $1,000 worth of IAUM shares 5 years ago would now be looking at an investment worth $2,225.
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Returns By Period
iShares Gold Trust Micro (IAUM) has returned -6.09% so far this year and 20.58% over the past 12 months.
iShares Gold Trust Micro
- 1D
- -1.46%
- 1M
- -1.68%
- 6M
- -16.73%
- YTD
- -6.09%
- 1Y
- 20.58%
- 3Y*
- 27.63%
- 5Y*
- 17.35%
- 10Y*
- —
- ALL TIME*
- 17.70%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IAUM Monthly Returns History
Based on dividend-adjusted daily data since Jun 29, 2021, IAUM's average daily return is +0.07%, while the average monthly return is +1.45%. At this rate, an investment would double in approximately 4.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jan 2026 with a return of +12.8%, while the worst month was Jun 2026 at -11.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IAUM closed higher 53% of trading days. The best single day was Feb 3, 2026 with a return of +6.2%, while the worst single day was Jan 30, 2026 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.77% | 8.23% | -11.00% | -1.54% | -1.50% | -11.66% | 0.90% | -6.09% | |||||
| 2025 | 6.84% | 1.90% | 9.41% | 5.42% | -0.06% | 0.46% | -0.55% | 4.97% | 11.79% | 3.61% | 5.36% | 2.28% | 64.27% |
| 2024 | -1.46% | 0.49% | 8.68% | 3.07% | 1.66% | -0.13% | 5.34% | 2.13% | 5.17% | 4.38% | -3.10% | -1.43% | 27.04% |
| 2023 | 5.77% | -5.35% | 8.01% | 0.91% | -1.31% | -2.19% | 2.24% | -1.17% | -4.80% | 7.37% | 2.62% | 1.33% | 13.12% |
| 2022 | -1.75% | 6.15% | 1.44% | -2.07% | -3.27% | -1.53% | -2.60% | -2.84% | -2.93% | -1.75% | 8.34% | 3.11% | -0.49% |
| 2021 | 0.47% | 2.46% | 0.04% | -3.25% | 1.51% | -0.60% | 3.31% | 3.87% |
Benchmark Metrics
iShares Gold Trust Micro has an annualized alpha of 17.41%, beta of 0.16, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 29, 2021.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (53.52%) than losses (2.20%) - typical of diversified or defensive assets.
- Beta of 0.16 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 17.41%
- Beta
- 0.16
- R²
- 0.02
- Upside Capture
- 53.52%
- Downside Capture
- 2.20%
Expense Ratio
IAUM has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
IAUM ranks 31 for risk / return — above 31% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAUM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.00 | -1.12 |
| Martin ratioReturn relative to average drawdown | 1.90 | 8.49 | -6.59 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Gold Trust Micro. 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 Micro was 26.31%, occurring on Jul 16, 2026. The portfolio has not yet recovered.
The current iShares Gold Trust Micro drawdown is 24.95%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.31%Jul 2026 | 5mo 17d | — | 6mo 4dJan 2026 - now | — |
-20.87%Sep 2022 | 6mo 21d | 1y 2mo | 1y 8moMar 2022 - Dec 2023 | Bear market2022 |
-10.05%Nov 2025 | 14d | 1mo 18d | 2mo 2dOct 2025 - Dec 2025 | — |
-8.09%Nov 2024 | 15d | 2mo 16d | 3mo 1dOct 2024 - Jan 2025 | — |
-7.14%May 2025 | 22d | 1mo | 1mo 22dApr 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| IAUM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -56.78% | +30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -9.10% | -17.21% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -18.90% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -25.43% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -24.95% | -1.58% | -23.37% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -10.70% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.14% | 2.14% | +10.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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