IAU vs. AMZN
IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, IAU returned 12.31%/yr vs 20.83%/yr for AMZN. At a 0.01 correlation, their price movements are largely independent.
Performance
IAU vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, IAU achieves a -2.44% return, which is significantly lower than AMZN's 3.35% return. Over the past 10 years, IAU has underperformed AMZN with an annualized return of 12.31%, while AMZN has yielded a comparatively higher 20.83% annualized return.
IAU
- 1D
- 0.08%
- 1M
- -10.21%
- YTD
- -2.44%
- 6M
- -2.22%
- 1Y
- 23.95%
- 3Y*
- 29.07%
- 5Y*
- 17.23%
- 10Y*
- 12.31%
AMZN
- 1D
- -1.23%
- 1M
- -11.69%
- YTD
- 3.35%
- 6M
- 5.46%
- 1Y
- 11.87%
- 3Y*
- 23.49%
- 5Y*
- 7.35%
- 10Y*
- 20.83%
IAU vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
AMZN Amazon.com, Inc | 3.35% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 76.26% | 23.03% | 28.43% | 55.96% |
Correlation
The correlation between IAU and AMZN is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005 | 0.01 |
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Return for Risk
IAU vs. AMZN — Risk / Return Rank
IAU
AMZN
IAU vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and Amazon.com, Inc (AMZN). 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.
| IAU | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.09 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.55 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.83 | 1.29 | +1.54 |
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Drawdowns
IAU vs. AMZN - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for IAU and AMZN.
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Drawdown Indicators
| IAU | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -94.40% | +49.26% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -21.74% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -30.88% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -56.15% | +31.75% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | -56.15% | +31.75% |
Current DrawdownCurrent decline from peak | -22.03% | -13.25% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -28.19% | +12.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 9.21% | -0.74% |
Volatility
IAU vs. AMZN - Volatility Comparison
iShares Gold Trust (IAU) and Amazon.com, Inc (AMZN) have volatilities of 7.70% and 7.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAU | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 7.92% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 23.94% | 20.73% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.17% | 30.13% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 35.53% | -17.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 32.48% | -16.46% |
Dividends
IAU vs. AMZN - Dividend Comparison
Neither IAU nor AMZN has paid dividends to shareholders.
Frequently Asked Questions
IAU and AMZN have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZN has higher volatility (7.92%) compared to IAU (7.70%). In terms of maximum drawdown, IAU dropped -45.14% vs AMZN's -94.40%.
IAU currently has the higher Sharpe Ratio (0.89 vs 0.40), 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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