GLP vs. IAU
Compare and contrast key facts about Global Partners LP (GLP) and iShares Gold Trust (IAU).
IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLP or IAU.
Correlation
The correlation between GLP and IAU is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GLP vs. IAU - Performance Comparison
Key characteristics
GLP:
0.86
IAU:
2.60
GLP:
1.37
IAU:
3.33
GLP:
1.17
IAU:
1.44
GLP:
1.30
IAU:
4.93
GLP:
3.12
IAU:
13.41
GLP:
10.07%
IAU:
2.99%
GLP:
36.36%
IAU:
15.43%
GLP:
-81.17%
IAU:
-45.14%
GLP:
-8.43%
IAU:
-0.17%
Returns By Period
The year-to-date returns for both stocks are quite close, with GLP having a 19.31% return and IAU slightly lower at 18.89%. Over the past 10 years, GLP has outperformed IAU with an annualized return of 15.95%, while IAU has yielded a comparatively lower 9.76% annualized return.
GLP
19.31%
-4.53%
18.68%
28.97%
60.78%
15.95%
IAU
18.89%
9.26%
17.23%
38.62%
13.86%
9.76%
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Risk-Adjusted Performance
GLP vs. IAU — Risk-Adjusted Performance Rank
GLP
IAU
GLP vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Partners LP (GLP) 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.
Dividends
GLP vs. IAU - Dividend Comparison
GLP's dividend yield for the trailing twelve months is around 5.29%, while IAU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLP Global Partners LP | 5.29% | 6.14% | 7.70% | 9.63% | 9.68% | 11.30% | 10.14% | 11.50% | 11.08% | 9.51% | 15.57% | 7.66% |
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
GLP vs. IAU - Drawdown Comparison
The maximum GLP drawdown since its inception was -81.17%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for GLP and IAU. For additional features, visit the drawdowns tool.
Volatility
GLP vs. IAU - Volatility Comparison
Global Partners LP (GLP) has a higher volatility of 7.41% compared to iShares Gold Trust (IAU) at 3.42%. This indicates that GLP'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.