AAAU vs. SDZNY
AAAU (Goldman Sachs Physical Gold ETF) is Gold fund tracking the LBMA Gold PM Price, while SDZNY (Sandoz Group AG) is a stock. Over the past year, AAAU returned 22.47% vs 62.22% for SDZNY. At a 0.17 correlation, their price movements are largely independent.
Performance
AAAU vs. SDZNY - Performance Comparison
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Returns By Period
In the year-to-date period, AAAU achieves a -2.40% return, which is significantly lower than SDZNY's 17.28% return.
AAAU
- 1D
- 0.12%
- 1M
- -7.36%
- YTD
- -2.40%
- 6M
- -2.14%
- 1Y
- 22.47%
- 3Y*
- 29.19%
- 5Y*
- 17.33%
- 10Y*
- —
SDZNY
- 1D
- 0.12%
- 1M
- 1.44%
- YTD
- 17.28%
- 6M
- 17.96%
- 1Y
- 62.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAAU vs. SDZNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | -2.40% | 64.06% | 26.91% | 13.06% |
SDZNY Sandoz Group AG | 17.28% | 83.00% | 28.40% | 19.80% |
Correlation
The correlation between AAAU and SDZNY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.17 |
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Return for Risk
AAAU vs. SDZNY — Risk / Return Rank
AAAU
SDZNY
AAAU vs. SDZNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Physical Gold ETF (AAAU) and Sandoz Group AG (SDZNY). 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 | SDZNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 3.16 | -2.16 |
| Martin ratioReturn relative to average drawdown | 2.86 | 8.41 | -5.55 |
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Drawdowns
AAAU vs. SDZNY - Drawdown Comparison
The maximum AAAU drawdown since its inception was -24.38%, roughly equal to the maximum SDZNY drawdown of -25.34%. Use the drawdown chart below to compare losses from any high point for AAAU and SDZNY.
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Drawdown Indicators
| AAAU | SDZNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.38% | -25.34% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -24.38% | -19.09% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -24.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.38% | — | — |
Current DrawdownCurrent decline from peak | -21.95% | -8.57% | -13.38% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -5.80% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 7.16% | +1.28% |
Volatility
AAAU vs. SDZNY - Volatility Comparison
Goldman Sachs Physical Gold ETF (AAAU) has a higher volatility of 7.77% compared to Sandoz Group AG (SDZNY) at 7.35%. This indicates that AAAU's price experiences larger fluctuations and is considered to be riskier than SDZNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAAU | SDZNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 7.35% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 23.88% | 23.43% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.10% | 31.56% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 30.66% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 30.66% | -13.53% |
Dividends
AAAU vs. SDZNY - Dividend Comparison
AAAU has not paid dividends to shareholders, while SDZNY's dividend yield for the trailing twelve months is around 1.22%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% |
SDZNY Sandoz Group AG | 1.22% | 1.00% | 1.22% |
Frequently Asked Questions
AAAU and SDZNY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAU has higher volatility (7.77%) compared to SDZNY (7.35%). In terms of maximum drawdown, AAAU dropped -24.38% vs SDZNY's -25.34%.
SDZNY currently has the higher Sharpe Ratio (1.91 vs 0.89), 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.
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