AUCP.L vs. IAU
Compare and contrast key facts about L&G Gold Mining UCITS ETF (AUCP.L) and iShares Gold Trust (IAU).
AUCP.L and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AUCP.L is a passively managed fund by LGIM Managers (Europe) Limited that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 11, 2008. IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005. Both AUCP.L and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AUCP.L vs. IAU - Performance Comparison
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AUCP.L vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUCP.L L&G Gold Mining UCITS ETF | 13.69% | 161.99% | 20.20% | 8.69% | -4.04% | -8.91% | 17.60% | 39.53% | -5.63% | 0.57% |
IAU iShares Gold Trust | 12.31% | 52.27% | 29.07% | 7.20% | 11.18% | -3.09% | 21.36% | 13.49% | 4.07% | 3.14% |
Different Trading Currencies
AUCP.L is traded in GBp, while IAU is traded in USD. To make them comparable, the IAU values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUCP.L achieves a 13.69% return, which is significantly higher than IAU's 10.67% return. Over the past 10 years, AUCP.L has outperformed IAU with an annualized return of 20.59%, while IAU has yielded a comparatively lower 14.92% annualized return.
AUCP.L
- 1D
- 7.36%
- 1M
- -14.10%
- YTD
- 13.69%
- 6M
- 28.80%
- 1Y
- 111.31%
- 3Y*
- 52.03%
- 5Y*
- 29.73%
- 10Y*
- 20.59%
IAU
- 1D
- 0.00%
- 1M
- -10.96%
- YTD
- 10.67%
- 6M
- 23.31%
- 1Y
- 46.38%
- 3Y*
- 30.07%
- 5Y*
- 22.88%
- 10Y*
- 14.92%
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AUCP.L vs. IAU - Expense Ratio Comparison
AUCP.L has a 0.65% expense ratio, which is higher than IAU's 0.25% expense ratio.
Return for Risk
AUCP.L vs. IAU — Risk / Return Rank
AUCP.L
IAU
AUCP.L vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCP.L) and iShares Gold Trust (IAU). 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.
| AUCP.L | IAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 1.81 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.26 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.59 | +1.26 |
Martin ratioReturn relative to average drawdown | 13.67 | 9.86 | +3.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AUCP.L | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.81 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.39 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.92 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.71 | -0.42 |
Correlation
The correlation between AUCP.L and IAU is 0.49, 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.
Dividends
AUCP.L vs. IAU - Dividend Comparison
Neither AUCP.L nor IAU has paid dividends to shareholders.
Drawdowns
AUCP.L vs. IAU - Drawdown Comparison
The maximum AUCP.L drawdown since its inception was -77.57%, which is greater than IAU's maximum drawdown of -41.56%. Use the drawdown chart below to compare losses from any high point for AUCP.L and IAU.
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Drawdown Indicators
| AUCP.L | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -45.14% | -32.43% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -19.18% | -10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -39.38% | -20.93% | -18.45% |
Max Drawdown (10Y)Largest decline over 10 years | -45.72% | -21.82% | -23.90% |
Current DrawdownCurrent decline from peak | -15.00% | -11.71% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -35.89% | -15.98% | -19.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 5.23% | +3.10% |
Volatility
AUCP.L vs. IAU - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCP.L) has a higher volatility of 18.25% compared to iShares Gold Trust (IAU) at 10.61%. This indicates that AUCP.L's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUCP.L | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.25% | 10.61% | +7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 36.86% | 23.05% | +13.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.04% | 25.73% | +19.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.57% | 16.48% | +19.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.74% | 16.18% | +18.56% |