IAU vs. LCSIX
IAU (iShares Gold Trust) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both funds - IAU is a Gold fund tracking the LBMA Gold Price, while LCSIX is a Systematic Trend fund managed by LoCorr Funds. Over the past 10 years, IAU returned 11.43%/yr vs 2.61%/yr for LCSIX. At a 0.11 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 1.75%/yr for LCSIX.
Performance
IAU vs. LCSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAU achieves a -7.17% return, which is significantly lower than LCSIX's 0.58% return. Over the past 10 years, IAU has outperformed LCSIX with an annualized return of 11.43%, while LCSIX has yielded a comparatively lower 2.61% annualized return.
IAU
- 1D
- -0.20%
- 1M
- -5.02%
- 6M
- -12.66%
- YTD
- -7.17%
- 1Y
- 19.36%
- 3Y*
- 26.56%
- 5Y*
- 17.02%
- 10Y*
- 11.43%
- ALL TIME*
- 10.67%
LCSIX
- 1D
- 0.23%
- 1M
- -1.14%
- 6M
- 1.88%
- YTD
- 0.58%
- 1Y
- -0.89%
- 3Y*
- -2.04%
- 5Y*
- 0.34%
- 10Y*
- 2.61%
- ALL TIME*
- 3.15%
IAU vs. LCSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -7.17% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 0.58% | 1.13% | -8.29% | -3.07% | 6.04% | 14.90% | 9.90% | -5.97% | 15.16% | 6.19% |
Correlation
The correlation between IAU and LCSIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012 | 0.11 |
Over the past year, IAU and LCSIX have become more correlated (0.35) than their long-term average of 0.11, meaning their price movements have been converging.
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. LCSIX — Risk / Return Rank
IAU
LCSIX
IAU vs. LCSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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 | LCSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.11 | +0.85 |
| Martin ratioReturn relative to average drawdown | 1.72 | -0.25 | +1.98 |
Loading charts...
Drawdowns
IAU vs. LCSIX - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for IAU and LCSIX.
Loading charts...
Drawdown Indicators
| IAU | LCSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -25.13% | -20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -26.36% | -4.97% | -21.39% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -11.60% | -14.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -13.21% | -13.15% |
Max Drawdown (10Y)Largest decline over 10 years | -26.36% | -13.54% | -12.82% |
Current DrawdownCurrent decline from peak | -25.81% | -10.70% | -15.11% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -6.40% | -9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 2.23% | +9.02% |
Volatility
IAU vs. LCSIX - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 6.34% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.36%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IAU | LCSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 1.36% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 24.03% | 4.70% | +19.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 5.91% | +21.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 5.51% | +12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 6.65% | +9.40% |
IAU vs. LCSIX - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than LCSIX's 1.75% expense ratio.
Dividends
IAU vs. LCSIX - Dividend Comparison
IAU has not paid dividends to shareholders, while LCSIX's dividend yield for the trailing twelve months is around 2.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.30% | 2.32% | 2.75% | 1.88% | 10.75% | 7.14% | 2.94% | 0.54% | 12.36% | 0.02% | 3.21% | 7.36% |
Frequently Asked Questions
IAU and LCSIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAU has higher volatility (6.34%) compared to LCSIX (1.36%). In terms of maximum drawdown, IAU dropped -45.14% vs LCSIX's -25.13%.
IAU currently has the higher Sharpe Ratio (0.70 vs -0.10), 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.
Find the right allocation for IAU and LCSIX
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