BNP.PA vs. IAU
BNP.PA (BNP Paribas SA) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, BNP.PA returned 14.74%/yr vs 11.95%/yr for IAU. At a correlation of -0.10, they often move in opposite directions.
Performance
BNP.PA vs. IAU - Performance Comparison
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Different Trading Currencies
BNP.PA is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNP.PA achieves a 23.23% return, which is significantly higher than IAU's -0.94% return. Over the past 10 years, BNP.PA has outperformed IAU with an annualized return of 14.74%, while IAU has yielded a comparatively lower 11.95% annualized return.
BNP.PA
- 1D
- 5.17%
- 1M
- 8.18%
- YTD
- 23.23%
- 6M
- 27.49%
- 1Y
- 36.77%
- 3Y*
- 27.31%
- 5Y*
- 19.64%
- 10Y*
- 14.74%
IAU
- 1D
- 0.16%
- 1M
- -8.74%
- YTD
- -0.94%
- 6M
- -0.78%
- 1Y
- 22.14%
- 3Y*
- 26.10%
- 5Y*
- 18.31%
- 10Y*
- 11.95%
BNP.PA vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNP.PA BNP Paribas SA | 23.23% | 50.14% | 0.99% | 25.73% | -5.95% | 47.86% | -18.40% | 43.64% | -33.06% | 7.17% |
IAU iShares Gold Trust | -0.94% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | 14.73% | 20.65% | 2.85% | -0.97% |
Correlation
The correlation between BNP.PA and IAU is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007 | -0.10 |
The correlation between BNP.PA and IAU shifts across timeframes, from -0.11 (10 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BNP.PA vs. IAU — Risk / Return Rank
BNP.PA
IAU
BNP.PA vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas SA (BNP.PA) 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.
| BNP.PA | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.08 | +0.67 |
| Martin ratioReturn relative to average drawdown | 4.48 | 3.12 | +1.36 |
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Drawdowns
BNP.PA vs. IAU - Drawdown Comparison
The maximum BNP.PA drawdown since its inception was -75.39%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for BNP.PA and IAU.
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Drawdown Indicators
| BNP.PA | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.39% | -37.42% | -37.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.50% | -22.47% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.82% | -22.47% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.10% | -22.47% | -11.63% |
Max Drawdown (10Y)Largest decline over 10 years | -59.43% | -22.47% | -36.96% |
Current DrawdownCurrent decline from peak | 0.00% | -20.28% | +20.28% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -12.04% | -11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 7.77% | -0.11% |
Volatility
BNP.PA vs. IAU - Volatility Comparison
BNP Paribas SA (BNP.PA) has a higher volatility of 7.86% compared to iShares Gold Trust (IAU) at 6.84%. This indicates that BNP.PA'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
| BNP.PA | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 6.84% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.27% | 22.46% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.55% | 25.66% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.50% | 16.84% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 14.96% | +16.23% |
Dividends
BNP.PA vs. IAU - Dividend Comparison
BNP.PA's dividend yield for the trailing twelve months is around 5.34%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNP.PA BNP Paribas SA | 5.34% | 9.13% | 7.77% | 6.23% | 6.89% | 4.38% | 0.00% | 5.72% | 7.65% | 4.34% | 3.82% | 2.87% |
IAU iShares Gold Trust | 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
BNP.PA and IAU have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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