CBU7.L vs. IAU
CBU7.L (iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc) and IAU (iShares Gold Trust) are both exchange-traded funds - CBU7.L is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CBU7.L returned 1.39%/yr vs 13.38%/yr for IAU. At a 0.25 correlation, their price movements are largely independent. CBU7.L charges 0.07%/yr vs 0.25%/yr for IAU.
Performance
CBU7.L vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, CBU7.L achieves a -0.52% return, which is significantly lower than IAU's 3.83% return. Over the past 10 years, CBU7.L has underperformed IAU with an annualized return of 1.39%, while IAU has yielded a comparatively higher 13.38% annualized return.
CBU7.L
- 1D
- 0.19%
- 1M
- -0.13%
- YTD
- -0.52%
- 6M
- -0.10%
- 1Y
- 3.16%
- 3Y*
- 3.73%
- 5Y*
- 0.39%
- 10Y*
- 1.39%
IAU
- 1D
- 0.83%
- 1M
- -1.65%
- YTD
- 3.83%
- 6M
- 6.31%
- 1Y
- 32.47%
- 3Y*
- 31.39%
- 5Y*
- 18.52%
- 10Y*
- 13.38%
CBU7.L vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBU7.L iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc | -0.52% | 7.34% | 2.16% | 4.26% | -9.35% | -2.35% | 6.98% | 6.06% | 1.21% | 1.26% |
IAU iShares Gold Trust | 3.83% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between CBU7.L and IAU is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2011 | 0.25 |
The correlation between CBU7.L and IAU shifts across timeframes, from 0.20 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBU7.L vs. IAU — Risk / Return Rank
CBU7.L
IAU
CBU7.L vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc (CBU7.L) 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.
| CBU7.L | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.70 | -0.44 |
| Martin ratioReturn relative to average drawdown | 4.06 | 4.18 | -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
| CBU7.L | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.24 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 1.04 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.84 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.63 | -0.05 |
Drawdowns
CBU7.L vs. IAU - Drawdown Comparison
The maximum CBU7.L drawdown since its inception was -14.18%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for CBU7.L and IAU.
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Drawdown Indicators
| CBU7.L | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -45.14% | +30.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -19.18% | +16.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -19.18% | +15.52% |
Max Drawdown (5Y)Largest decline over 5 years | -13.55% | -20.93% | +7.38% |
Max Drawdown (10Y)Largest decline over 10 years | -14.18% | -21.82% | +7.64% |
Current DrawdownCurrent decline from peak | -1.60% | -17.02% | +15.42% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -15.96% | +12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 7.79% | -7.02% |
Volatility
CBU7.L vs. IAU - Volatility Comparison
The current volatility for iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc (CBU7.L) is 1.13%, while iShares Gold Trust (IAU) has a volatility of 5.50%. This indicates that CBU7.L experiences smaller price fluctuations and is considered to be less risky 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
| CBU7.L | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 5.50% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.15% | 23.03% | -20.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 26.41% | -23.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 17.94% | -13.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 15.90% | -11.80% |
CBU7.L vs. IAU - Expense Ratio Comparison
CBU7.L has a 0.07% 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%.
Dividends
CBU7.L vs. IAU - Dividend Comparison
Neither CBU7.L nor IAU has paid dividends to shareholders.
Frequently Asked Questions
CBU7.L and IAU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBU7.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBU7.L is cheaper with a 0.07% expense ratio, compared with 0.25% for IAU.
CBU7.L is categorized as Government Bonds, while IAU is Gold. CBU7.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while IAU tracks LBMA Gold Price. Their fees differ too: 0.07% for CBU7.L and 0.25% for IAU.
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