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IAU vs. 0700.HK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAU vs. 0700.HK

Last updated Jun 14, 2026

IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price, while 0700.HK (Tencent Holdings Ltd) is a stock. Over the past 10 years, IAU returned 12.31%/yr vs 12.07%/yr for 0700.HK. At a 0.03 correlation, their price movements are largely independent.

Performance

IAU vs. 0700.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Trust (IAU) and Tencent Holdings Ltd (0700.HK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IAU is traded in USD, while 0700.HK is traded in HKD. To make them comparable, the 0700.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAU achieves a -2.44% return, which is significantly higher than 0700.HK's -22.23% return. Both investments have delivered pretty close results over the past 10 years, with IAU having a 12.31% annualized return and 0700.HK not far behind at 12.07%.

IAU

1D
0.08%
1M
-9.54%
YTD
-2.44%
6M
-2.22%
1Y
22.32%
3Y*
29.07%
5Y*
17.23%
10Y*
12.31%

0700.HK

1D
1.42%
1M
1.88%
YTD
-22.23%
6M
-24.36%
1Y
-7.87%
3Y*
11.43%
5Y*
-2.73%
10Y*
12.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAU vs. 0700.HK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAU
iShares Gold Trust		-2.44%63.95%26.85%12.84%-0.63%-4.00%25.03%17.98%-1.76%12.91%
0700.HK
Tencent Holdings Ltd		-22.23%44.65%43.98%-6.78%-24.42%-19.22%51.36%20.60%-22.66%112.97%

Correlation

The correlation between IAU and 0700.HK is 0.08, 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

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2007

0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Gold Trust

Tencent Holdings Ltd

Often compared with IAU:
IAU vs. GLDIAU vs. GLDMIAU vs. IAUMIAU vs. SGOLIAU vs. GDXIAU vs. VOOIAU vs. PHYS
Often compared with 0700.HK:
0700.HK vs. 9988.HK0700.HK vs. AAPL0700.HK vs. 0857.HK0700.HK vs. 1211.HK0700.HK vs. BILI0700.HK vs. QQQ0700.HK vs. 0388.HK

Return for Risk

IAU vs. 0700.HK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAU
IAU Risk / Return Rank: 2626
Overall Rank
IAU Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IAU Sortino Ratio Rank: 2525
Sortino Ratio Rank
IAU Omega Ratio Rank: 3030
Omega Ratio Rank
IAU Calmar Ratio Rank: 2424
Calmar Ratio Rank
IAU Martin Ratio Rank: 2424
Martin Ratio Rank
0700.HK
0700.HK Risk / Return Rank: 3131
Overall Rank
0700.HK Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
0700.HK Sortino Ratio Rank: 2727
Sortino Ratio Rank
0700.HK Omega Ratio Rank: 2727
Omega Ratio Rank
0700.HK Calmar Ratio Rank: 3636
Calmar Ratio Rank
0700.HK Martin Ratio Rank: 3434
Martin Ratio Rank
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.

IAU vs. 0700.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and Tencent Holdings Ltd (0700.HK). 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.

IAU0700.HKDifference
Sharpe ratioReturn per unit of total volatility
0.89
-0.27

+1.16

Sortino ratioReturn per unit of downside risk
1.25
-0.21

+1.46

Omega ratioGain probability vs. loss probability

1.19

0.98

+0.21

Calmar ratioReturn relative to maximum drawdown

0.99

-0.22

+1.20

Martin ratioReturn relative to average drawdown

2.83

-0.47

+3.31

IAU vs. 0700.HK - Sharpe Ratio Comparison

The current IAU Sharpe Ratio is 0.89, which is higher than the 0700.HK Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of IAU and 0700.HK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IAU vs. 0700.HK - Drawdown Comparison

The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum 0700.HK drawdown of -73.13%. Use the drawdown chart below to compare losses from any high point for IAU and 0700.HK.

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Drawdown Indicators

IAU0700.HKDifference

Max Drawdown

Largest peak-to-trough decline

-45.14%

-73.13%

+27.99%

Max Drawdown (1Y)

Largest decline over 1 year

-24.40%

-36.95%

+12.55%

Max Drawdown (3Y)

Largest decline over 3 years

-24.40%

-36.95%

+12.55%

Max Drawdown (5Y)

Largest decline over 5 years

-24.40%

-65.90%

+41.50%

Max Drawdown (10Y)

Largest decline over 10 years

-24.40%

-73.13%

+48.73%

Current Drawdown

Current decline from peak

-22.03%

-32.18%

+10.15%

Average Drawdown

Average peak-to-trough decline

-15.97%

-19.68%

+3.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.47%

16.80%

-8.33%

Volatility

IAU vs. 0700.HK - Volatility Comparison

The current volatility for iShares Gold Trust (IAU) is 7.70%, while Tencent Holdings Ltd (0700.HK) has a volatility of 13.13%. This indicates that IAU experiences smaller price fluctuations and is considered to be less risky than 0700.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAU0700.HKDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.70%

13.13%

-5.43%

Volatility (6M)

Calculated over the trailing 6-month period

23.94%

23.71%

+0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

27.17%

29.65%

-2.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.16%

39.33%

-21.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.02%

35.57%

-19.55%

Dividends

IAU vs. 0700.HK - Dividend Comparison

IAU has not paid dividends to shareholders, while 0700.HK's dividend yield for the trailing twelve months is around 1.14%.

PositionTTM20252024202320222021202020192018201720162015
0700.HK
Tencent Holdings Ltd		1.14%0.75%0.82%0.82%0.50%0.38%0.23%0.29%0.31%0.16%0.27%0.26%
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

IAU and 0700.HK have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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