36BA.DE vs. IAU
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and IAU (iShares Gold Trust) are both exchange-traded funds - 36BA.DE is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, 36BA.DE returned -1.61%/yr vs 19.62%/yr for IAU. At a 0.13 correlation, their price movements are largely independent. 36BA.DE charges 0.17%/yr vs 0.25%/yr for IAU.
Performance
36BA.DE vs. IAU - Performance Comparison
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Different Trading Currencies
36BA.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 36BA.DE achieves a -0.71% return, which is significantly lower than IAU's 5.01% return.
36BA.DE
- 1D
- 0.27%
- 1M
- 0.18%
- YTD
- -0.71%
- 6M
- -0.48%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
IAU
- 1D
- 0.69%
- 1M
- -0.99%
- YTD
- 5.01%
- 6M
- 6.59%
- 1Y
- 30.25%
- 3Y*
- 27.89%
- 5Y*
- 19.62%
- 10Y*
- 13.13%
36BA.DE vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
IAU iShares Gold Trust | 5.01% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | -3.25% |
Correlation
The correlation between 36BA.DE and IAU is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | 0.13 |
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Return for Risk
36BA.DE vs. IAU — Risk / Return Rank
36BA.DE
IAU
36BA.DE vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and iShares Gold Trust (IAU). 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.
| 36BA.DE | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.77 | -0.86 |
| Martin ratioReturn relative to average drawdown | 2.43 | 4.24 | -1.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BA.DE | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.22 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 1.19 | -1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.66 | -0.76 |
Drawdowns
36BA.DE vs. IAU - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, smaller than the maximum IAU drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and IAU.
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Drawdown Indicators
| 36BA.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -37.42% | +13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -17.12% | +14.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | -17.12% | +10.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -17.12% | -6.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | -10.87% | -15.49% | +4.62% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -12.01% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 7.15% | -6.01% |
Volatility
36BA.DE vs. IAU - Volatility Comparison
The current volatility for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) is 1.83%, while iShares Gold Trust (IAU) has a volatility of 4.60%. This indicates that 36BA.DE experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 4.60% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 21.66% | -18.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 24.99% | -20.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 16.63% | -9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 14.86% | -8.00% |
36BA.DE vs. IAU - Expense Ratio Comparison
36BA.DE has a 0.17% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BA.DE vs. IAU - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.95%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36BA.DE and IAU have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for IAU.
36BA.DE is categorized as Corporate Bonds, while IAU is Gold. 36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while IAU tracks LBMA Gold Price. Their fees differ too: 0.17% for 36BA.DE and 0.25% for IAU.
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