BSAC vs. IAUM
BSAC (Banco Santander-Chile) is a stock, while IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, BSAC returned 24.80%/yr vs 31.59%/yr for IAUM. At a 0.26 correlation, their price movements are largely independent.
Performance
BSAC vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, BSAC achieves a 3.32% return, which is significantly lower than IAUM's 3.84% return.
BSAC
- 1D
- 1.22%
- 1M
- 0.86%
- YTD
- 3.32%
- 6M
- 3.75%
- 1Y
- 30.34%
- 3Y*
- 24.80%
- 5Y*
- 13.74%
- 10Y*
- 10.30%
IAUM
- 1D
- 0.81%
- 1M
- -1.65%
- YTD
- 3.84%
- 6M
- 6.39%
- 1Y
- 32.66%
- 3Y*
- 31.59%
- 5Y*
- —
- 10Y*
- —
BSAC vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSAC Banco Santander-Chile | 3.32% | 74.42% | 1.00% | 31.92% | 2.99% | -18.51% |
IAUM iShares Gold Trust Micro | 3.84% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between BSAC and IAUM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.26 |
The correlation between BSAC and IAUM shifts across timeframes, from 0.26 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BSAC vs. IAUM — Risk / Return Rank
BSAC
IAUM
BSAC vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander-Chile (BSAC) 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.
| BSAC | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.71 | -0.06 |
| Martin ratioReturn relative to average drawdown | 4.09 | 4.21 | -0.12 |
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
| BSAC | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.25 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.17 | -0.88 |
Drawdowns
BSAC vs. IAUM - Drawdown Comparison
The maximum BSAC drawdown since its inception was -63.90%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for BSAC and IAUM.
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Drawdown Indicators
| BSAC | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.90% | -20.87% | -43.03% |
Max Drawdown (1Y)Largest decline over 1 year | -18.42% | -19.15% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.67% | -19.15% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -37.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.90% | — | — |
Current DrawdownCurrent decline from peak | -14.20% | -17.01% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -5.31% | -14.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.44% | 7.78% | -0.34% |
Volatility
BSAC vs. IAUM - Volatility Comparison
Banco Santander-Chile (BSAC) has a higher volatility of 9.65% compared to iShares Gold Trust Micro (IAUM) at 5.49%. This indicates that BSAC'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
| BSAC | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 5.49% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 24.22% | 22.90% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.26% | 26.30% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.41% | 17.86% | +11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.85% | 17.86% | +12.99% |
Dividends
BSAC vs. IAUM - Dividend Comparison
BSAC's dividend yield for the trailing twelve months is around 4.96%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSAC Banco Santander-Chile | 4.96% | 4.34% | 4.10% | 6.54% | 7.70% | 5.70% | 4.64% | 4.91% | 4.97% | 2.73% | 3.94% | 5.12% |
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
BSAC and IAUM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSAC has higher volatility (9.65%) compared to IAUM (5.49%). In terms of maximum drawdown, BSAC dropped -63.90% vs IAUM's -20.87%.
IAUM currently has the higher Sharpe Ratio (1.25 vs 1.08), 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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