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.
Performance
AA vs. IAUM - Performance Comparison
Returns By Period
In the year-to-date period, AA achieves a 36.12% return, which is significantly higher than IAUM's 28.25% return.
AA
36.12%
10.43%
9.14%
75.37%
18.19%
N/A
IAUM
28.25%
-2.65%
11.24%
32.36%
N/A
N/A
Key characteristics
| AA | IAUM | |
|---|---|---|
| Sharpe Ratio | 1.45 | 2.29 |
| Sortino Ratio | 2.13 | 3.05 |
| Omega Ratio | 1.25 | 1.40 |
| Calmar Ratio | 1.01 | 4.17 |
| Martin Ratio | 4.74 | 13.54 |
| Ulcer Index | 15.78% | 2.49% |
| Daily Std Dev | 51.44% | 14.75% |
| Max Drawdown | -90.90% | -20.87% |
| Current Drawdown | -50.42% | -5.00% |
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Correlation
The correlation between AA and IAUM is 0.26, 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.
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 0.87%, while IAUM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.87% | 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 13.54% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.56%. 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.