IAU vs. CS.PA
IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price, while CS.PA (AXA SA) is a stock. Over the past 10 years, IAU returned 12.31%/yr vs 14.28%/yr for CS.PA. At a 0.08 correlation, their price movements are largely independent.
Performance
IAU vs. CS.PA - Performance Comparison
Loading charts...
Different Trading Currencies
IAU is traded in USD, while CS.PA is traded in EUR. To make them comparable, the CS.PA 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 lower than CS.PA's 4.12% return. Over the past 10 years, IAU has underperformed CS.PA with an annualized return of 12.31%, while CS.PA has yielded a comparatively higher 14.28% annualized return.
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%
CS.PA
- 1D
- 0.86%
- 1M
- 2.58%
- YTD
- 4.12%
- 6M
- 5.67%
- 1Y
- 4.20%
- 3Y*
- 25.31%
- 5Y*
- 18.53%
- 10Y*
- 14.28%
IAU vs. CS.PA - 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% |
CS.PA AXA SA | 4.12% | 42.62% | 15.89% | 24.04% | -0.21% | 32.91% | -12.08% | 38.36% | -23.27% | 23.25% |
Correlation
The correlation between IAU and CS.PA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.08 |
The correlation between IAU and CS.PA shifts across timeframes, from 0.08 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IAU vs. CS.PA — Risk / Return Rank
IAU
CS.PA
IAU vs. CS.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and AXA SA (CS.PA). 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 | CS.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.22 | +0.76 |
| Martin ratioReturn relative to average drawdown | 2.83 | 0.40 | +2.44 |
Loading charts...
Drawdowns
IAU vs. CS.PA - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum CS.PA drawdown of -79.24%. Use the drawdown chart below to compare losses from any high point for IAU and CS.PA.
Loading charts...
Drawdown Indicators
| IAU | CS.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -79.24% | +34.10% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -14.59% | -9.81% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -16.15% | -8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -32.50% | +8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | -55.59% | +31.19% |
Current DrawdownCurrent decline from peak | -22.03% | -1.39% | -20.64% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -19.05% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 8.21% | +0.26% |
Volatility
IAU vs. CS.PA - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 7.70% compared to AXA SA (CS.PA) at 4.98%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than CS.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IAU | CS.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 4.98% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 23.94% | 15.18% | +8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.17% | 21.03% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 23.84% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 26.67% | -10.65% |
Dividends
IAU vs. CS.PA - Dividend Comparison
IAU has not paid dividends to shareholders, while CS.PA's dividend yield for the trailing twelve months is around 5.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CS.PA AXA SA | 5.68% | 5.25% | 5.77% | 5.76% | 5.91% | 5.46% | 3.74% | 5.34% | 6.68% | 4.69% | 4.59% | 3.77% |
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 CS.PA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IAU and CS.PA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer