AAAU vs. GOLD
Compare and contrast key facts about Goldman Sachs Physical Gold ETF (AAAU) and Barrick Gold Corporation (GOLD).
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: AAAU or GOLD.
Key characteristics
| AAAU | GOLD | |
|---|---|---|
| YTD Return | 11.50% | -8.38% |
| 1Y Return | 12.11% | -17.41% |
| 3Y Return (Ann) | 8.81% | -6.60% |
| 5Y Return (Ann) | 12.28% | 7.90% |
| Sharpe Ratio | 1.06 | -0.52 |
| Daily Std Dev | 12.21% | 29.77% |
| Max Drawdown | -21.63% | -88.52% |
| Current Drawdown | -3.72% | -63.36% |
Correlation
The correlation between AAAU and GOLD is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AAAU vs. GOLD - Performance Comparison
In the year-to-date period, AAAU achieves a 11.50% return, which is significantly higher than GOLD's -8.38% 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
AAAU vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Physical Gold ETF (AAAU) and Barrick Gold Corporation (GOLD). 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
AAAU vs. GOLD - Dividend Comparison
AAAU has not paid dividends to shareholders, while GOLD's dividend yield for the trailing twelve months is around 2.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOLD Barrick Gold Corporation | 2.43% | 2.21% | 3.76% | 2.61% | 1.34% | 0.69% | 1.38% | 0.82% | 0.49% | 1.87% | 1.84% | 2.80% |
Drawdowns
AAAU vs. GOLD - Drawdown Comparison
The maximum AAAU drawdown since its inception was -21.63%, smaller than the maximum GOLD drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for AAAU and GOLD. For additional features, visit the drawdowns tool.
Volatility
AAAU vs. GOLD - Volatility Comparison
The current volatility for Goldman Sachs Physical Gold ETF (AAAU) is 5.10%, while Barrick Gold Corporation (GOLD) has a volatility of 10.53%. This indicates that AAAU experiences smaller price fluctuations and is considered to be less risky than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.