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BLX vs. IAUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BLX vs. IAUM

Last updated Jun 4, 2026

BLX (Banco Latinoamericano de Comercio Exterior, S.A) is a stock, while IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, BLX returned 47.63%/yr vs 31.53%/yr for IAUM. At a 0.07 correlation, their price movements are largely independent.

Performance

BLX vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Banco Latinoamericano de Comercio Exterior, S.A (BLX) and iShares Gold Trust Micro (IAUM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BLX achieves a 26.82% return, which is significantly higher than IAUM's 3.00% return.

BLX

1D
0.15%
1M
4.67%
YTD
26.82%
6M
24.61%
1Y
40.35%
3Y*
47.63%
5Y*
37.41%
10Y*
14.35%

IAUM

1D
-0.96%
1M
-1.62%
YTD
3.00%
6M
5.58%
1Y
32.42%
3Y*
31.53%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BLX vs. IAUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BLX
Banco Latinoamericano de Comercio Exterior, S.A		26.82%33.06%53.73%60.61%4.31%9.96%
IAUM
iShares Gold Trust Micro		3.00%64.27%27.04%13.12%-0.49%3.87%

Correlation

The correlation between BLX and IAUM is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2021

0.07

Compare stocks, funds, or ETFs

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Banco Latinoamericano de Comercio Exterior, S.A

iShares Gold Trust Micro

Often compared with BLX:
BLX vs. SCHDBLX vs. GLDBLX vs. SPMOBLX vs. SPYBLX vs. AGMBLX vs. HTGCBLX vs. VOO
Often compared with IAUM:
IAUM vs. IAUIAUM vs. GLDMIAUM vs. GLDIAUM vs. FSAGXIAUM vs. SGOLIAUM vs. PHYSIAUM vs. SIVR

Return for Risk

BLX vs. IAUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BLX
BLX Risk / Return Rank: 8282
Overall Rank
BLX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
BLX Sortino Ratio Rank: 8181
Sortino Ratio Rank
BLX Omega Ratio Rank: 8080
Omega Ratio Rank
BLX Calmar Ratio Rank: 8383
Calmar Ratio Rank
BLX Martin Ratio Rank: 8383
Martin Ratio Rank
IAUM
IAUM Risk / Return Rank: 3232
Overall Rank
IAUM Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IAUM Sortino Ratio Rank: 2929
Sortino Ratio Rank
IAUM Omega Ratio Rank: 3636
Omega Ratio Rank
IAUM Calmar Ratio Rank: 3434
Calmar Ratio Rank
IAUM Martin Ratio Rank: 2929
Martin Ratio Rank
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.

BLX vs. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) and iShares Gold Trust Micro (IAUM). 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.

BLXIAUMDifference
Sharpe ratioReturn per unit of total volatility
1.76
1.24

+0.52

Sortino ratioReturn per unit of downside risk
2.42
1.63

+0.79

Omega ratioGain probability vs. loss probability

1.31

1.25

+0.06

Calmar ratioReturn relative to maximum drawdown

3.26

1.70

+1.56

Martin ratioReturn relative to average drawdown

8.32

4.22

+4.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLX vs. IAUM - Sharpe Ratio Comparison

The current BLX Sharpe Ratio is 1.76, which is higher than the IAUM Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of BLX and IAUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BLXIAUMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

1.24

+0.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.46

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

1.16

-0.94

Drawdowns

BLX vs. IAUM - Drawdown Comparison

The maximum BLX drawdown since its inception was -95.88%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for BLX and IAUM.

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Drawdown Indicators

BLXIAUMDifference

Max Drawdown

Largest peak-to-trough decline

-95.88%

-20.87%

-75.01%

Max Drawdown (1Y)

Largest decline over 1 year

-12.42%

-19.15%

+6.73%

Max Drawdown (3Y)

Largest decline over 3 years

-21.01%

-19.15%

-1.86%

Max Drawdown (5Y)

Largest decline over 5 years

-30.88%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-68.51%

—

—

Current Drawdown

Current decline from peak

-3.30%

-17.68%

+14.38%

Average Drawdown

Average peak-to-trough decline

-32.93%

-5.30%

-27.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.86%

7.70%

-2.84%

Volatility

BLX vs. IAUM - Volatility Comparison

Banco Latinoamericano de Comercio Exterior, S.A (BLX) has a higher volatility of 8.54% compared to iShares Gold Trust Micro (IAUM) at 5.50%. This indicates that BLX's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BLXIAUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.54%

5.50%

+3.04%

Volatility (6M)

Calculated over the trailing 6-month period

17.17%

22.89%

-5.72%

Volatility (1Y)

Calculated over the trailing 1-year period

23.09%

26.31%

-3.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.69%

17.86%

+7.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.13%

17.86%

+14.27%

Dividends

BLX vs. IAUM - Dividend Comparison

BLX's dividend yield for the trailing twelve months is around 4.77%, while IAUM has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BLX
Banco Latinoamericano de Comercio Exterior, S.A		4.77%5.61%5.62%4.04%6.17%6.02%7.17%7.20%8.90%5.72%5.23%4.96%
IAUM
iShares Gold Trust Micro		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BLX and IAUM have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BLX has higher volatility (8.54%) compared to IAUM (5.50%). In terms of maximum drawdown, BLX dropped -95.88% vs IAUM's -20.87%.

BLX currently has the higher Sharpe Ratio (1.76 vs 1.24), 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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