BTOT vs. IAU

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Total USD Fixed Income Market ETF (BTOT) and iShares Gold Trust (IAU).

BTOT and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Total Fixed Income Market Index. It was launched on Dec 10, 2025. 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 BTOT 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

BTOT vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Total USD Fixed Income Market ETF (BTOT) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

BTOT vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025
BTOT iShares Total USD Fixed Income Market ETF	-0.02%	0.31%
IAU iShares Gold Trust	10.48%	0.78%

Returns By Period

In the year-to-date period, BTOT achieves a -0.02% return, which is significantly lower than IAU's 10.48% return.

BTOT

• 1D: -0.06%
• 1M: -1.19%
• YTD: -0.02%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAU

• 1D: 1.72%
• 1M: -10.66%
• YTD: 10.48%
• 6M: 23.05%
• 1Y: 52.36%
• 3Y*: 33.88%
• 5Y*: 22.19%
• 10Y*: 14.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTOT vs. IAU - Expense Ratio Comparison

BTOT has a 0.09% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IAU

iShares Gold Trust

BTOT

iShares Total USD Fixed Income Market ETF

Return for Risk

BTOT vs. IAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAU

IAU Risk / Return Rank: 86
IAU Sharpe Ratio Rank: 88
IAU Sortino Ratio Rank: 85
IAU Omega Ratio Rank: 85
IAU Calmar Ratio Rank: 86
IAU Martin Ratio Rank: 84

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.

BTOT vs. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BTOT	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.65	-0.38

Correlation

The correlation between BTOT and IAU is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BTOT vs. IAU - Dividend Comparison

BTOT's dividend yield for the trailing twelve months is around 1.32%, while IAU has not paid dividends to shareholders.

	TTM	2025
BTOT iShares Total USD Fixed Income Market ETF	1.32%	0.22%
IAU iShares Gold Trust	0.00%	0.00%

Drawdowns

BTOT vs. IAU - Drawdown Comparison

The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for BTOT and IAU.

Drawdown Indicators

	BTOT	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-45.14%	+42.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.82%	—
Current Drawdown Current decline from peak	-1.59%	-11.71%	+10.12%
Average Drawdown Average peak-to-trough decline	-0.51%	-15.98%	+15.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.23%	—

Volatility

Volatility by Period

	BTOT	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	27.64%	-23.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	17.70%	-14.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	15.83%	-12.16%