IAU vs. MIVU.DE
IAU (iShares Gold Trust) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, IAU returned 18.47%/yr vs 7.27%/yr for MIVU.DE. At a 0.14 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.18%/yr for MIVU.DE.
Performance
IAU vs. MIVU.DE - Performance Comparison
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Different Trading Currencies
IAU is traded in USD, while MIVU.DE is traded in EUR. To make them comparable, the MIVU.DE 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 lower than MIVU.DE's 1.94% 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%
MIVU.DE
- 1D
- 0.72%
- 1M
- 1.64%
- YTD
- 1.94%
- 6M
- 2.88%
- 1Y
- 4.80%
- 3Y*
- 10.50%
- 5Y*
- 7.27%
- 10Y*
- —
IAU vs. MIVU.DE - 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% | 7.71% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 1.94% | 8.52% | 15.86% | 8.69% | -9.56% | 21.48% | 3.89% | 27.26% | -6.95% |
Correlation
The correlation between IAU and MIVU.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.14 |
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Return for Risk
IAU vs. MIVU.DE — Risk / Return Rank
IAU
MIVU.DE
IAU vs. MIVU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE). 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 | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.10 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.87 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.00 | 2.62 | +0.38 |
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Drawdowns
IAU vs. MIVU.DE - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than MIVU.DE's maximum drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for IAU and MIVU.DE.
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Drawdown Indicators
| IAU | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -33.16% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -5.50% | -18.90% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -11.17% | -13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -17.58% | -6.82% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | — | — |
Current DrawdownCurrent decline from peak | -20.00% | -0.61% | -19.39% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -4.27% | -11.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 1.83% | +6.73% |
Volatility
IAU vs. MIVU.DE - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 8.29% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.27%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than MIVU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAU | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 2.27% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 24.06% | 5.69% | +18.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.29% | 8.33% | +18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 12.06% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 14.21% | +1.83% |
IAU vs. MIVU.DE - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is higher than MIVU.DE's 0.18% 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%.
Dividends
IAU vs. MIVU.DE - Dividend Comparison
Neither IAU nor MIVU.DE has paid dividends to shareholders.
Frequently Asked Questions
IAU and MIVU.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVU.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for IAU.
IAU is categorized as Gold, while MIVU.DE is Large Cap Blend Equities. IAU tracks LBMA Gold Price, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IAU and 0.18% for MIVU.DE.
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