IAU vs. KAP.L
IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price, while KAP.L (National Atomic Co Kazatomprom JSC ADR) is a stock. Over the past 5 years, IAU returned 17.23%/yr vs 24.29%/yr for KAP.L. At a 0.12 correlation, their price movements are largely independent.
Performance
IAU vs. KAP.L - 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 KAP.L's 24.37% 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%
KAP.L
- 1D
- -0.14%
- 1M
- -0.00%
- YTD
- 24.37%
- 6M
- 19.24%
- 1Y
- 78.84%
- 3Y*
- 43.77%
- 5Y*
- 24.29%
- 10Y*
- —
IAU vs. KAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | 6.78% |
KAP.L National Atomic Co Kazatomprom JSC ADR | 24.37% | 56.56% | -1.41% | 55.12% | -17.73% | 114.56% | 48.37% | 1.25% | 13.42% |
Correlation
The correlation between IAU and KAP.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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018 | 0.12 |
The correlation between IAU and KAP.L shifts across timeframes, from 0.10 (3 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAU vs. KAP.L — Risk / Return Rank
IAU
KAP.L
IAU vs. KAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and National Atomic Co Kazatomprom JSC ADR (KAP.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 | KAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.98 | -2.00 |
| Martin ratioReturn relative to average drawdown | 2.83 | 8.71 | -5.87 |
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Drawdowns
IAU vs. KAP.L - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum KAP.L drawdown of -49.67%. Use the drawdown chart below to compare losses from any high point for IAU and KAP.L.
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Drawdown Indicators
| IAU | KAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -49.67% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -25.44% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -32.99% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -49.67% | +25.27% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | — | — |
Current DrawdownCurrent decline from peak | -22.03% | -23.90% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -14.95% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 8.73% | -0.26% |
Volatility
IAU vs. KAP.L - Volatility Comparison
The current volatility for iShares Gold Trust (IAU) is 7.70%, while National Atomic Co Kazatomprom JSC ADR (KAP.L) has a volatility of 10.50%. This indicates that IAU experiences smaller price fluctuations and is considered to be less risky than KAP.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 | KAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 10.50% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 23.94% | 37.79% | -13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.17% | 46.86% | -19.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 47.13% | -28.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 42.86% | -26.84% |
Dividends
IAU vs. KAP.L - Dividend Comparison
IAU has not paid dividends to shareholders, while KAP.L's dividend yield for the trailing twelve months is around 3.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KAP.L National Atomic Co Kazatomprom JSC ADR | 3.56% | 4.43% | 7.27% | 4.26% | 6.44% | 3.69% | 5.14% | 6.23% |
Frequently Asked Questions
IAU and KAP.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.
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