CARR vs. IAU
CARR (Carrier Global Corporation) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 5 years, CARR returned 10.28%/yr vs 17.23%/yr for IAU. At a 0.09 correlation, their price movements are largely independent.
Performance
CARR vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, CARR achieves a 33.35% return, which is significantly higher than IAU's -2.44% return.
CARR
- 1D
- 0.24%
- 1M
- 8.10%
- YTD
- 33.35%
- 6M
- 33.09%
- 1Y
- -0.12%
- 3Y*
- 16.03%
- 5Y*
- 10.28%
- 10Y*
- —
IAU
- 1D
- 0.08%
- 1M
- -7.39%
- YTD
- -2.44%
- 6M
- -2.22%
- 1Y
- 22.32%
- 3Y*
- 29.07%
- 5Y*
- 17.23%
- 10Y*
- 12.31%
CARR vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 33.35% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 17.57% |
Correlation
The correlation between CARR 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.09 |
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Return for Risk
CARR vs. IAU — Risk / Return Rank
CARR
IAU
CARR vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) 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.
| CARR | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.19 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.99 | -1.03 |
| Martin ratioReturn relative to average drawdown | -0.08 | 2.83 | -2.91 |
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Drawdowns
CARR vs. IAU - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for CARR and IAU.
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Drawdown Indicators
| CARR | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -45.14% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -37.38% | -24.40% | -12.98% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -24.40% | -13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -24.40% | -16.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.40% | — |
Current DrawdownCurrent decline from peak | -13.13% | -22.03% | +8.90% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -15.97% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.10% | 8.47% | +15.63% |
Volatility
CARR vs. IAU - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 12.13% compared to iShares Gold Trust (IAU) at 7.70%. This indicates that CARR'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
| CARR | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.13% | 7.70% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 27.68% | 23.94% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.29% | 27.17% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 18.16% | +13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.83% | 16.02% | +18.81% |
Dividends
CARR vs. IAU - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.65%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.65% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CARR 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.
CARR has higher volatility (12.13%) compared to IAU (7.70%). In terms of maximum drawdown, CARR dropped -40.82% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.89 vs -0.05), 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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