GHC vs. IAU

Last updated Apr 1, 2026

Compare and contrast key facts about Graham Holdings Company (GHC) and iShares Gold Trust (IAU).

IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005.

Performance

GHC vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Graham Holdings Company (GHC) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

GHC vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GHC Graham Holdings Company	-3.61%	26.98%	26.32%	16.56%	-3.02%	19.25%	-15.32%	0.57%	15.78%	10.05%
IAU iShares Gold Trust	8.61%	63.95%	26.85%	12.84%	-0.63%	-4.00%	25.03%	17.98%	-1.76%	12.91%

Returns By Period

In the year-to-date period, GHC achieves a -3.61% return, which is significantly lower than IAU's 8.61% return. Over the past 10 years, GHC has underperformed IAU with an annualized return of 9.09%, while IAU has yielded a comparatively higher 14.08% annualized return.

GHC

• 1D: 0.71%
• 1M: 0.38%
• YTD: -3.61%
• 6M: -9.88%
• 1Y: 10.86%
• 3Y*: 22.16%
• 5Y*: 14.07%
• 10Y*: 9.09%

IAU

• 1D: 3.80%
• 1M: -11.01%
• YTD: 8.61%
• 6M: 21.15%
• 1Y: 49.53%
• 3Y*: 33.12%
• 5Y*: 21.78%
• 10Y*: 14.08%

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

Return for Risk

GHC vs. IAU — Risk / Return Rank

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

GHC

GHC Risk / Return Rank: 53
GHC Sharpe Ratio Rank: 56
GHC Sortino Ratio Rank: 49
GHC Omega Ratio Rank: 48
GHC Calmar Ratio Rank: 56
GHC Martin Ratio Rank: 57

IAU

IAU Risk / Return Rank: 87
IAU Sharpe Ratio Rank: 88
IAU Sortino Ratio Rank: 86
IAU Omega Ratio Rank: 86
IAU Calmar Ratio Rank: 89
IAU Martin Ratio Rank: 87

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.

GHC vs. IAU - Risk-Adjusted Trends 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	IAU	Difference
Sharpe ratio Return per unit of total volatility	0.39	1.80	-1.42
Sortino ratio Return per unit of downside risk	0.73	2.24	-1.51
Omega ratio Gain probability vs. loss probability	1.09	1.33	-0.24
Calmar ratio Return relative to maximum drawdown	0.60	2.69	-2.10
Martin ratio Return relative to average drawdown	1.49	9.97	-8.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHC vs. IAU - Sharpe Ratio Comparison

The current GHC Sharpe Ratio is 0.39, which is lower than the IAU Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GHC and IAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GHC	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	1.80	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	1.24	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.89	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.64	-0.38

Correlation

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.

Dividends

GHC vs. IAU - Dividend Comparison

GHC's dividend yield for the trailing twelve months is around 0.69%, while IAU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GHC Graham Holdings Company	0.69%	0.66%	0.79%	0.95%	1.05%	0.96%	1.09%	0.87%	0.83%	0.91%	0.95%	89.61%
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%

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.

Drawdown Indicators

	GHC	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-67.54%	-45.14%	-22.40%
Max Drawdown (1Y) Largest decline over 1 year	-19.78%	-19.18%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.36%	-20.93%	-0.43%
Max Drawdown (10Y) Largest decline over 10 years	-62.55%	-21.82%	-40.73%
Current Drawdown Current decline from peak	-11.29%	-13.20%	+1.91%
Average Drawdown Average peak-to-trough decline	-19.38%	-15.98%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.90%	5.18%	+2.72%

Volatility

GHC vs. IAU - Volatility Comparison

The current volatility for Graham Holdings Company (GHC) is 6.60%, while iShares Gold Trust (IAU) has a volatility of 11.02%. This indicates that GHC 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.

Volatility by Period

	GHC	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	11.02%	-4.42%
Volatility (6M) Calculated over the trailing 6-month period	20.76%	24.11%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	28.11%	27.62%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.23%	17.69%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.25%	15.82%	+12.43%