BILT vs. IAU
BILT (iShares Infrastructure Active ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - BILT is a Utilities Equities fund actively managed by iShares, while IAU is a Gold fund tracking the LBMA Gold Price. BILT is actively managed, while IAU is passively managed. At a 0.29 correlation, their price movements are largely independent. BILT charges 0.60%/yr vs 0.25%/yr for IAU.
Performance
BILT vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, BILT achieves a 15.92% return, which is significantly higher than IAU's -7.29% return.
BILT
- 1D
- 0.40%
- 1M
- 1.39%
- 6M
- 15.55%
- YTD
- 15.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAU
- 1D
- -2.60%
- 1M
- -4.98%
- 6M
- -13.00%
- YTD
- -7.29%
- 1Y
- 18.88%
- 3Y*
- 26.67%
- 5Y*
- 16.68%
- 10Y*
- 11.37%
BILT vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BILT iShares Infrastructure Active ETF | 15.92% | 4.16% |
IAU iShares Gold Trust | -7.29% | 31.73% |
Correlation
The correlation between BILT and IAU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025 | 0.29 |
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Return for Risk
BILT vs. IAU — Risk / Return Rank
BILT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAU
BILT vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) 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.
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.
| BILT | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.72 | — |
| Martin ratioReturn relative to average drawdown | — | 1.77 | — |
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Drawdowns
BILT vs. IAU - Drawdown Comparison
The maximum BILT drawdown since its inception was -5.38%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for BILT and IAU.
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Drawdown Indicators
| BILT | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -45.14% | +39.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.17% | — |
Current DrawdownCurrent decline from peak | 0.00% | -25.91% | +25.91% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -16.00% | +14.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.66% | — |
Volatility
BILT vs. IAU - Volatility Comparison
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Volatility by Period
| BILT | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 27.75% | -17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.34% | 18.33% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 16.04% | -5.70% |
BILT vs. IAU - Expense Ratio Comparison
BILT has a 0.60% expense ratio, which is higher than IAU's 0.25% expense ratio.
Dividends
BILT vs. IAU - Dividend Comparison
BILT's dividend yield for the trailing twelve months is around 5.62%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BILT iShares Infrastructure Active ETF | 5.62% | 0.99% |
IAU iShares Gold Trust | 0.00% | 0.00% |
Frequently Asked Questions
BILT and IAU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.60% for BILT.
BILT has the higher dividend yield at 5.62%, compared with 0.00% for IAU.
BILT is categorized as Utilities Equities, while IAU is Gold. Their fees differ too: 0.60% for BILT and 0.25% for IAU.
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