IAU vs. IIND.L
IAU (iShares Gold Trust) and IIND.L (iShares MSCI India UCITS ETF USD (Acc)) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while IIND.L is a Asia Pacific Equities fund tracking the MSCI India NR USD. Both are passively managed. Over the past 5 years, IAU returned 18.47%/yr vs 4.26%/yr for IIND.L. At a 0.18 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.65%/yr for IIND.L.
Performance
IAU vs. IIND.L - Performance Comparison
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Different Trading Currencies
IAU is traded in USD, while IIND.L is traded in GBP. To make them comparable, the IIND.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAU achieves a 0.11% return, which is significantly higher than IIND.L's -10.46% return.
IAU
- 1D
- 2.61%
- 1M
- -4.97%
- YTD
- 0.11%
- 6M
- 0.22%
- 1Y
- 25.52%
- 3Y*
- 29.91%
- 5Y*
- 18.47%
- 10Y*
- 12.49%
IIND.L
- 1D
- 2.34%
- 1M
- 3.08%
- YTD
- -10.46%
- 6M
- -9.15%
- 1Y
- -10.03%
- 3Y*
- 5.50%
- 5Y*
- 4.26%
- 10Y*
- —
IAU vs. IIND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.11% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.52% |
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -10.46% | 4.39% | 9.28% | 18.36% | -8.26% | 25.80% | 13.87% | 7.88% | -24.96% |
Correlation
The correlation between IAU and IIND.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 29, 2018 | 0.18 |
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Return for Risk
IAU vs. IIND.L — Risk / Return Rank
IAU
IIND.L
IAU vs. IIND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and iShares MSCI India UCITS ETF USD (Acc) (IIND.L). 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 | IIND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.48 | +1.53 |
| Martin ratioReturn relative to average drawdown | 3.00 | -1.10 | +4.10 |
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Drawdowns
IAU vs. IIND.L - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum IIND.L drawdown of -52.15%. Use the drawdown chart below to compare losses from any high point for IAU and IIND.L.
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Drawdown Indicators
| IAU | IIND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -52.15% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -20.67% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -24.89% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -24.89% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | — | — |
Current DrawdownCurrent decline from peak | -20.00% | -18.07% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -14.44% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 9.09% | -0.53% |
Volatility
IAU vs. IIND.L - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 8.29% compared to iShares MSCI India UCITS ETF USD (Acc) (IIND.L) at 5.34%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than IIND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAU | IIND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 5.34% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 24.06% | 14.38% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 16.75% | +10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 22.26% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 25.88% | -9.84% |
IAU vs. IIND.L - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than IIND.L's 0.65% expense ratio.
Dividends
IAU vs. IIND.L - Dividend Comparison
Neither IAU nor IIND.L has paid dividends to shareholders.
Frequently Asked Questions
IAU and IIND.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.65% for IIND.L.
IAU is categorized as Gold, while IIND.L is Asia Pacific Equities. IAU tracks LBMA Gold Price, while IIND.L tracks MSCI India NR USD. Their fees differ too: 0.25% for IAU and 0.65% for IIND.L.
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