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GHC vs. IAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GHCIAU
YTD Return17.71%26.24%
1Y Return37.79%39.89%
3Y Return (Ann)11.74%13.85%
5Y Return (Ann)5.92%11.77%
10Y Return (Ann)8.06%7.65%
Sharpe Ratio1.482.76
Sortino Ratio2.123.79
Omega Ratio1.261.48
Calmar Ratio1.893.79
Martin Ratio7.5417.98
Ulcer Index5.08%2.20%
Daily Std Dev25.92%14.37%
Max Drawdown-67.54%-45.14%
Current Drawdown-0.92%-2.44%

Correlation

-0.50.00.51.0-0.0

The correlation between GHC and IAU is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

GHC vs. IAU - Performance Comparison

In the year-to-date period, GHC achieves a 17.71% return, which is significantly lower than IAU's 26.24% return. Over the past 10 years, GHC has outperformed IAU with an annualized return of 8.06%, while IAU has yielded a comparatively lower 7.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%MayJuneJulyAugustSeptemberOctober
11.31%
9.76%
GHC
IAU

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Risk-Adjusted Performance

GHC vs. IAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Graham Holdings Company (GHC) 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.


GHC
Sharpe ratio
The chart of Sharpe ratio for GHC, currently valued at 1.48, compared to the broader market-4.00-2.000.002.001.48
Sortino ratio
The chart of Sortino ratio for GHC, currently valued at 2.12, compared to the broader market-4.00-2.000.002.004.002.12
Omega ratio
The chart of Omega ratio for GHC, currently valued at 1.26, compared to the broader market0.501.001.502.001.26
Calmar ratio
The chart of Calmar ratio for GHC, currently valued at 1.89, compared to the broader market0.002.004.006.001.89
Martin ratio
The chart of Martin ratio for GHC, currently valued at 7.54, compared to the broader market-30.00-20.00-10.000.0010.0020.007.54
IAU
Sharpe ratio
The chart of Sharpe ratio for IAU, currently valued at 2.76, compared to the broader market-4.00-2.000.002.002.76
Sortino ratio
The chart of Sortino ratio for IAU, currently valued at 3.79, compared to the broader market-4.00-2.000.002.004.003.79
Omega ratio
The chart of Omega ratio for IAU, currently valued at 1.48, compared to the broader market0.501.001.502.001.48
Calmar ratio
The chart of Calmar ratio for IAU, currently valued at 3.79, compared to the broader market0.002.004.006.003.79
Martin ratio
The chart of Martin ratio for IAU, currently valued at 17.98, compared to the broader market-30.00-20.00-10.000.0010.0020.0017.98

GHC vs. IAU - Sharpe Ratio Comparison

The current GHC Sharpe Ratio is 1.48, which is lower than the IAU Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of GHC and IAU, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00MayJuneJulyAugustSeptemberOctober
1.48
2.76
GHC
IAU

Dividends

GHC vs. IAU - Dividend Comparison

GHC's dividend yield for the trailing twelve months is around 0.84%, while IAU has not paid dividends to shareholders.


TTM2023202220212020201920182017201620152014
GHC
Graham Holdings Company
0.84%0.95%1.05%0.96%1.09%0.87%0.83%0.91%0.95%1.77%1.18%
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%

Drawdowns

GHC vs. IAU - Drawdown Comparison

The maximum GHC drawdown since its inception was -67.54%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for GHC and IAU. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%MayJuneJulyAugustSeptemberOctober
-0.92%
-2.44%
GHC
IAU

Volatility

GHC vs. IAU - Volatility Comparison

Graham Holdings Company (GHC) has a higher volatility of 6.57% compared to iShares Gold Trust (IAU) at 3.83%. This indicates that GHC'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.


4.00%6.00%8.00%10.00%12.00%MayJuneJulyAugustSeptemberOctober
6.57%
3.83%
GHC
IAU