AAAU vs. RBIL

Last updated Jun 21, 2026

AAAU (Goldman Sachs Physical Gold ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - AAAU is a Gold fund tracking the LBMA Gold PM Price, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, AAAU returned 25.02% vs 4.01% for RBIL. At a correlation of -0.06, they often move in opposite directions. AAAU charges 0.18%/yr vs 0.17%/yr for RBIL.

Performance

AAAU vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Physical Gold ETF (AAAU) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAAU achieves a -2.30% return, which is significantly lower than RBIL's 2.37% return.

AAAU

• 1D: -0.45%
• 1M: -7.17%
• YTD: -2.30%
• 6M: -2.92%
• 1Y: 25.02%
• 3Y*: 28.95%
• 5Y*: 18.84%
• 10Y*: —

RBIL

• 1D: 0.06%
• 1M: -0.13%
• YTD: 2.37%
• 6M: 2.42%
• 1Y: 4.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAAU vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
AAAU Goldman Sachs Physical Gold ETF	-2.30%	45.87%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.37%	2.85%

Correlation

The correlation between AAAU and RBIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.06

Return for Risk

AAAU vs. RBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAAU

AAAU Risk / Return Rank: 25
AAAU Sharpe Ratio Rank: 27
AAAU Sortino Ratio Rank: 24
AAAU Omega Ratio Rank: 29
AAAU Calmar Ratio Rank: 23
AAAU Martin Ratio Rank: 23

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAAU vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Physical Gold ETF (AAAU) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAAU	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.92	4.36	-3.44
Sortino ratio: Return per unit of downside risk	1.29	6.72	-5.43
Omega ratio: Gain probability vs. loss probability	1.19	2.13	-0.94
Calmar ratio: Return relative to maximum drawdown	1.03	7.95	-6.92
Martin ratio: Return relative to average drawdown	2.84	48.27	-45.42

AAAU vs. RBIL - Sharpe Ratio Comparison

The current AAAU Sharpe Ratio is 0.92, which is lower than the RBIL Sharpe Ratio of 4.36. The chart below compares the historical Sharpe Ratios of AAAU and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAAU vs. RBIL - Drawdown Comparison

The maximum AAAU drawdown since its inception was -24.38%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for AAAU and RBIL.

Drawdown Indicators

	AAAU	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-24.38%	-0.52%	-23.86%
Max Drawdown (1Y) Largest decline over 1 year	-24.38%	-0.52%	-23.86%
Max Drawdown (3Y) Largest decline over 3 years	-24.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.38%	—	—
Current Drawdown Current decline from peak	-21.88%	-0.46%	-21.42%
Average Drawdown Average peak-to-trough decline	-6.26%	-0.07%	-6.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.81%	0.09%	+8.72%

Volatility

AAAU vs. RBIL - Volatility Comparison

Goldman Sachs Physical Gold ETF (AAAU) has a higher volatility of 8.22% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that AAAU's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAAU	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	0.36%	+7.86%
Volatility (6M) Calculated over the trailing 6-month period	24.10%	0.85%	+23.25%
Volatility (1Y) Calculated over the trailing 1-year period	27.23%	0.95%	+26.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	1.07%	+16.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	1.07%	+16.09%

AAAU vs. RBIL - Expense Ratio Comparison

AAAU has a 0.18% expense ratio, which is higher than RBIL's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AAAU vs. RBIL - Dividend Comparison

AAAU has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.38%.

Position	TTM	2025
AAAU Goldman Sachs Physical Gold ETF	0.00%	0.00%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%

Frequently Asked Questions

Can I hold both AAAU and RBIL in my portfolio?

AAAU and RBIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAAU or RBIL?

AAAU has higher volatility (8.22%) compared to RBIL (0.36%). In terms of maximum drawdown, AAAU dropped -24.38% vs RBIL's -0.52%.

Which ETF is better, AAAU or RBIL?

On 1-year performance, AAAU leads with 25.02% vs 4.01% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAAU or RBIL?

Over the 1-year period, AAAU has performed better with a 25.02% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAAU or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.18% for AAAU.

Which ETF pays a higher dividend yield, AAAU or RBIL?

RBIL has the higher dividend yield at 4.38%, compared with 0.00% for AAAU.

What is the main difference between AAAU and RBIL?

AAAU is categorized as Gold, while RBIL is Inflation-Protected Bonds. AAAU tracks LBMA Gold PM Price, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Goldman Sachs and F/m. Their fees differ too: 0.18% for AAAU and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.36 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.