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.
Correlation
The correlation between AA and IAUM is 0.25, 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
Key characteristics
AA:
0.48
IAUM:
1.87
AA:
1.00
IAUM:
2.48
AA:
1.12
IAUM:
1.32
AA:
0.33
IAUM:
3.44
AA:
1.48
IAUM:
10.03
AA:
16.01%
IAUM:
2.77%
AA:
49.06%
IAUM:
14.91%
AA:
-90.90%
IAUM:
-20.87%
AA:
-59.56%
IAUM:
-6.98%
Returns By Period
In the year-to-date period, AA achieves a 11.03% return, which is significantly lower than IAUM's 25.58% return.
AA
11.03%
-15.17%
0.09%
16.44%
12.72%
N/A
IAUM
25.58%
-0.69%
11.32%
27.00%
N/A
N/A
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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 1.07%, while IAUM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 1.07% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% |
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% |
Drawdowns
AA vs. IAUM - Drawdown Comparison
The maximum AA drawdown since its inception was -90.90%, 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 12.14% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.21%. 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.