CS.PA vs. IAU
CS.PA (AXA SA) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, CS.PA returned 13.92%/yr vs 11.95%/yr for IAU. At a correlation of -0.10, they often move in opposite directions.
Performance
CS.PA vs. IAU - Performance Comparison
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Different Trading Currencies
CS.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, CS.PA achieves a 5.73% return, which is significantly higher than IAU's -0.94% return. Over the past 10 years, CS.PA has outperformed IAU with an annualized return of 13.92%, while IAU has yielded a comparatively lower 11.95% annualized return.
CS.PA
- 1D
- 0.96%
- 1M
- 3.50%
- YTD
- 5.73%
- 6M
- 7.25%
- 1Y
- 4.06%
- 3Y*
- 22.45%
- 5Y*
- 19.62%
- 10Y*
- 13.92%
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%
CS.PA vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CS.PA AXA SA | 5.73% | 25.73% | 23.53% | 20.24% | 6.17% | 42.63% | -19.23% | 41.10% | -19.51% | 7.98% |
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 CS.PA and IAU is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007 | -0.10 |
The correlation between CS.PA and IAU shifts across timeframes, from -0.10 (10 years) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CS.PA vs. IAU — Risk / Return Rank
CS.PA
IAU
CS.PA vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXA SA (CS.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.
| CS.PA | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.08 | -0.83 |
| Martin ratioReturn relative to average drawdown | 0.42 | 3.12 | -2.69 |
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Drawdowns
CS.PA vs. IAU - Drawdown Comparison
The maximum CS.PA drawdown since its inception was -76.72%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for CS.PA and IAU.
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Drawdown Indicators
| CS.PA | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -37.42% | -39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.69% | -22.47% | +8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -22.47% | +8.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -22.47% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -51.02% | -22.47% | -28.55% |
Current DrawdownCurrent decline from peak | -0.21% | -20.28% | +20.07% |
Average DrawdownAverage peak-to-trough decline | -17.10% | -12.04% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 7.77% | +0.22% |
Volatility
CS.PA vs. IAU - Volatility Comparison
The current volatility for AXA SA (CS.PA) is 4.55%, while iShares Gold Trust (IAU) has a volatility of 6.84%. This indicates that CS.PA 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
| CS.PA | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.84% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 22.46% | -8.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 25.66% | -5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 16.84% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 14.96% | +9.89% |
Dividends
CS.PA vs. IAU - Dividend Comparison
CS.PA's dividend yield for the trailing twelve months is around 5.68%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CS.PA AXA SA | 5.68% | 5.25% | 5.77% | 5.76% | 5.91% | 5.46% | 3.74% | 5.34% | 6.68% | 4.69% | 4.59% | 3.77% |
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
CS.PA and IAU have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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