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AAA vs. AAAU

Last updated Feb 28, 2024

Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and Goldman Sachs Physical Gold ETF (AAAU).

AAA and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or AAAU.

Key characteristics


AAAAAAU
YTD Return1.48%-1.62%
1Y Return8.89%11.54%
3Y Return (Ann)3.72%5.37%
Sharpe Ratio4.960.94
Daily Std Dev1.74%12.65%
Max Drawdown-2.64%-21.63%
Current Drawdown0.00%-2.38%

Correlation

0.01
-1.001.00

The correlation between AAA and AAAU is 0.01, 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.

AAA vs. AAAU - Performance Comparison

In the year-to-date period, AAA achieves a 1.48% return, which is significantly higher than AAAU's -1.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%SeptemberOctoberNovemberDecember2024February
4.69%
4.68%
AAA
AAAU

Compare stocks, funds, or ETFs


AAF First Priority CLO Bond ETF

Goldman Sachs Physical Gold ETF

AAA vs. AAAU - Dividend Comparison

AAA's dividend yield for the trailing twelve months is around 6.07%, while AAAU has not paid dividends to shareholders.


TTM2023202220212020
AAA
AAF First Priority CLO Bond ETF
6.07%6.11%2.78%1.05%0.32%
AAAU
Goldman Sachs Physical Gold ETF
0.00%0.00%0.00%0.00%0.00%

AAA vs. AAAU - Expense Ratio Comparison

AAA has a 0.25% expense ratio, which is higher than AAAU's 0.18% expense ratio.

0.25%
0.00%2.15%
0.18%
0.00%2.15%

AAA vs. AAAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and Goldman Sachs Physical Gold ETF (AAAU). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAA
AAF First Priority CLO Bond ETF
4.96
AAAU
Goldman Sachs Physical Gold ETF
0.94

AAA vs. AAAU - Sharpe Ratio Comparison

The current AAA Sharpe Ratio is 4.96, which is higher than the AAAU Sharpe Ratio of 0.94. The chart below compares the 12-month rolling Sharpe Ratio of AAA and AAAU.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.006.007.00SeptemberOctoberNovemberDecember2024February
4.96
0.94
AAA
AAAU

AAA vs. AAAU - Drawdown Comparison

The maximum AAA drawdown since its inception was -2.64%, smaller than the maximum AAAU drawdown of -21.63%. The drawdown chart below compares losses from any high point along the way for AAA and AAAU


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February0
-2.38%
AAA
AAAU

AAA vs. AAAU - Volatility Comparison

The current volatility for AAF First Priority CLO Bond ETF (AAA) is 0.64%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 2.62%. This indicates that AAA experiences smaller price fluctuations and is considered to be less risky than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%SeptemberOctoberNovemberDecember2024February
0.64%
2.62%
AAA
AAAU