AAAU vs. SPY
Compare and contrast key facts about Goldman Sachs Physical Gold ETF (AAAU) and SPDR S&P 500 ETF (SPY).
AAAU and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AAAU and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAAU or SPY.
Performance
AAAU vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AAAU achieves a 29.27% return, which is significantly higher than SPY's 26.08% return.
AAAU
29.27%
-2.87%
14.43%
33.92%
12.63%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| AAAU | SPY | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.70 |
| Sortino Ratio | 3.02 | 3.60 |
| Omega Ratio | 1.39 | 1.50 |
| Calmar Ratio | 4.11 | 3.90 |
| Martin Ratio | 13.27 | 17.52 |
| Ulcer Index | 2.51% | 1.87% |
| Daily Std Dev | 14.71% | 12.14% |
| Max Drawdown | -21.63% | -55.19% |
| Current Drawdown | -4.21% | -0.85% |
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AAAU vs. SPY - Expense Ratio Comparison
AAAU has a 0.18% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between AAAU and SPY is 0.08, 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
AAAU vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Physical Gold ETF (AAAU) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AAAU has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AAAU vs. SPY - Drawdown Comparison
The maximum AAAU drawdown since its inception was -21.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AAAU and SPY. For additional features, visit the drawdowns tool.
Volatility
AAAU vs. SPY - Volatility Comparison
Goldman Sachs Physical Gold ETF (AAAU) has a higher volatility of 5.55% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that AAAU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.