GROY vs. IAUM
GROY (Gold Royalty Corp.) is a stock, while IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, GROY returned 16.85%/yr vs 31.59%/yr for IAUM. At a 0.49 correlation, their price movements are largely independent.
Performance
GROY vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, GROY achieves a -23.02% return, which is significantly lower than IAUM's 3.84% return.
GROY
- 1D
- 0.65%
- 1M
- -9.59%
- YTD
- -23.02%
- 6M
- -29.00%
- 1Y
- 60.31%
- 3Y*
- 16.85%
- 5Y*
- -8.14%
- 10Y*
- —
IAUM
- 1D
- 0.81%
- 1M
- -1.65%
- YTD
- 3.84%
- 6M
- 6.39%
- 1Y
- 32.66%
- 3Y*
- 31.59%
- 5Y*
- —
- 10Y*
- —
GROY vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GROY Gold Royalty Corp. | -23.02% | 233.88% | -17.69% | -36.27% | -51.98% | -8.89% |
IAUM iShares Gold Trust Micro | 3.84% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between GROY and IAUM is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.49 |
The correlation between GROY and IAUM has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
GROY vs. IAUM — Risk / Return Rank
GROY
IAUM
GROY vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Royalty Corp. (GROY) and iShares Gold Trust Micro (IAUM). 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.
| GROY | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.71 | -0.22 |
| Martin ratioReturn relative to average drawdown | 3.37 | 4.21 | -0.84 |
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
| GROY | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.25 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 1.17 | -1.20 |
Drawdowns
GROY vs. IAUM - Drawdown Comparison
The maximum GROY drawdown since its inception was -82.01%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for GROY and IAUM.
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Drawdown Indicators
| GROY | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.01% | -20.87% | -61.14% |
Max Drawdown (1Y)Largest decline over 1 year | -40.69% | -19.15% | -21.54% |
Max Drawdown (3Y)Largest decline over 3 years | -45.58% | -19.15% | -26.43% |
Max Drawdown (5Y)Largest decline over 5 years | -82.01% | — | — |
Current DrawdownCurrent decline from peak | -52.17% | -17.01% | -35.16% |
Average DrawdownAverage peak-to-trough decline | -55.83% | -5.31% | -50.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 7.78% | +10.16% |
Volatility
GROY vs. IAUM - Volatility Comparison
Gold Royalty Corp. (GROY) has a higher volatility of 14.06% compared to iShares Gold Trust Micro (IAUM) at 5.49%. This indicates that GROY's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GROY | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.06% | 5.49% | +8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 37.83% | 22.90% | +14.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.14% | 26.30% | +29.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 17.86% | +40.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.53% | 17.86% | +41.67% |
Dividends
GROY vs. IAUM - Dividend Comparison
Neither GROY nor IAUM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GROY Gold Royalty Corp. | 0.00% | 0.00% | 0.00% | 1.36% | 1.72% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GROY and IAUM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GROY has higher volatility (14.06%) compared to IAUM (5.49%). In terms of maximum drawdown, GROY dropped -82.01% vs IAUM's -20.87%.
IAUM currently has the higher Sharpe Ratio (1.25 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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