AA vs. IAUM
Compare and contrast key facts about Alcoa Corporation (AA) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AA or IAUM.
Key characteristics
| AA | IAUM | |
|---|---|---|
| YTD Return | 8.54% | 11.50% |
| 1Y Return | 8.42% | 12.21% |
| Sharpe Ratio | 0.13 | 1.07 |
| Daily Std Dev | 51.15% | 12.15% |
| Max Drawdown | -94.43% | -20.87% |
| Current Drawdown | -61.70% | -3.73% |
Correlation
The correlation between AA and IAUM is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AA vs. IAUM - Performance Comparison
In the year-to-date period, AA achieves a 8.54% return, which is significantly lower than IAUM's 11.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AA vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcoa Corporation (AA) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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.
Dividends
AA vs. IAUM - Dividend Comparison
AA's dividend yield for the trailing twelve months is around 1.09%, while IAUM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 1.09% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 1.09% | 1.22% | 0.76% | 1.13% |
IAUM iShares Gold Trust Micro ETF of Benef Interest | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AA vs. IAUM - Drawdown Comparison
The maximum AA drawdown since its inception was -94.43%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for AA and IAUM. For additional features, visit the drawdowns tool.
Volatility
AA vs. IAUM - Volatility Comparison
Alcoa Corporation (AA) has a higher volatility of 11.83% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.14%. This indicates that AA's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.