IAU vs. FNILX
Compare and contrast key facts about iShares Gold Trust (IAU) and Fidelity ZERO Large Cap Index Fund (FNILX).
IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAU or FNILX.
Key characteristics
| IAU | FNILX | |
|---|---|---|
| YTD Return | 12.84% | 5.46% |
| 1Y Return | 17.16% | 23.96% |
| 3Y Return (Ann) | 9.28% | 7.42% |
| 5Y Return (Ann) | 12.62% | 13.31% |
| Sharpe Ratio | 1.30 | 2.02 |
| Daily Std Dev | 12.29% | 11.95% |
| Max Drawdown | -45.14% | -33.75% |
| Current Drawdown | -2.52% | -4.56% |
Correlation
The correlation between IAU and FNILX 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
IAU vs. FNILX - Performance Comparison
In the year-to-date period, IAU achieves a 12.84% return, which is significantly higher than FNILX's 5.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IAU vs. FNILX - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is higher than FNILX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IAU vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and Fidelity ZERO Large Cap Index Fund (FNILX). 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
IAU vs. FNILX - Dividend Comparison
IAU has not paid dividends to shareholders, while FNILX's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.27% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Drawdowns
IAU vs. FNILX - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for IAU and FNILX. For additional features, visit the drawdowns tool.
Volatility
IAU vs. FNILX - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 5.16% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 3.34%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.